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Real Estate

A Typical U.S. Home Is Now Valued at $320,662 — 20% More Than a Year Ago

Low inventory and unrelenting demand are continuing to fuel price growth in the American real estate market. 

Wall Street Is Using Tech Firms Like Zillow To Eat Up Starter Homes
Photographer: Elijah Nouvelage/Bloomberg

Mortgage rates are creeping higher, yet the U.S. real estate market is still breaking records. 

Home values on average jumped almost 20% in the past year, the most ever, according to a new report from Zillow. A typical house is now worth $320,662 — an increase of more than $50,000 from December 2020.