EDNA, Minn.– Nine states now have an average home price of more than $1 million, new analysis shows.
According to research conducted by by Craftsmen Home Improvements involving real estate figures from June 2024 to May 2025, Hawaii claims the top spot, slapping buyers with average listing prices of $1,540,154 over the past 12 months. The state also leads for median listing price at $799,000, making it America’s priciest housing market by both measures.
Other seven-figure real estate states include:
- New York grabs second place with average home costs hitting $1,492,267, though it drops to fourth for median listing price at $654,987. The split shows how ultra-expensive Manhattan properties pull the state average skyward while typical New Yorkers hunt for more modest digs.
- California is third, averaging $1,472,499. The Golden State’s median listing price sits at $763,250 (third nationally), proving high prices stretch from San Diego to San Francisco.
- Massachusetts claims fourth place with average listings at $1,423,353, while grabbing second for median price at $779,700. Unlike New York’s varied market, the Bay State’s hefty median shows consistently steep prices across towns and suburbs, Craftsmen Home Improvements said.
- Montana snags fifth place with average listings of $1,161,160, despite having just 4,739 homes for sale. The state’s median asking price of $632,000 puts it sixth nationwide.
Wyoming ranks sixth with average listings hitting $1,116,140, while its median price plummets to 20th place nationwide at $475,500. - Connecticut ranks seventh with home listings averaging $1,063,810 and a median of $507,497. “With just 4,144 active listings, house hunters face slim pickings in this pricey New England state,” the company said.
- Colorado is eighth with homes averaging $1,057,182 and a median of $591,000. Unlike other pricey states, buyers can choose from a generous 22,675 active listings, creating more breathing room in this hot market, the analysis stated.
- Rhode Island packs a punch in ninth place with average prices hitting $1,001,699, despite offering the fewest homes in the top 10 with just 1,251 on the market. This supply squeeze helps drive prices through the roof in America’s smallest state.
- Utah completes the top 10 with homes selling for $979,551 on average and a median price of $597,000. The state had 11,164 active listings during the study period.
The Bargain States
Craftsmen Home Improvements said bargain hunters should set their GPS for West Virginia, where homes sell for average prices of $321,181 and median prices of $247,075, both ranking dead last nationwide. Budget-conscious buyers also target Iowa, second-most affordable at $348,228 on average, while Mississippi rounds out the budget trio at $354,788.
“Sun-seekers have plenty to choose from in Florida, which boasts a massive 156,974 active listings while ranking 16th in average price at $858,175. This flood of available homes creates a buyer’s market unmatched in other coastal states,” the analysis stated.
