What is the average house price?

Answer by  patti (29325)

With the mortgage crisis, the real estate market nearly ground to a halt. Kiplinger reported early in 2010 that the median price for a US home as of June 2009 was $174,000, down 14.9% from the 2008. Some cities have bucked that trend. Markets rise and fall. As the housing market has declined, so shall it rise again.

Answer by  NGoodson (3395)

The average house price depends on the neighborhood/ city that you're looking in. There's not really a national average because there are so many different factors influencing home prices all around the world. Home prices are generally still low right now, but slowly rising.

Answer by  martine (860)

A good price for a starter home is 80-120 thousand dollars. Currently the market has gone down with the state of our economy. shopping around for a good price can be a long process, but worth it.