Here’s the Current State of the Housing Market in Every State – MASHAHER

If you’re thinking of buying, selling or investing in real estate, forget what you’ve read about the “housing market.” The housing market is actually 50 different housing markets, and if you’re considering making a move, the first step is to understand the situation on the ground where you live — and how that situation evolved over the last two extraordinary years.

Check Out: 8 Places Where Houses Are Suddenly Major Bargains 

Read More: 5 Genius Things All Wealthy People Do With Their Money

Using data from Zillow, GOBankingRates outlined the housing market situation in every state from 2022 to the present. For each state, you’ll see the changes in the typical single-family residence home value in terms of dollar value over the past six months, one year and two years. 

Keep reading to learn how the last two years steered home values in your state.

Key Findings

• In the past six months, home values have increased by over $14,000 in three states — New Jersey, Massachusetts and California. New Jersey has seen the largest increase, with home values increasing by $14,876 from September 2023 to February 2024.

• Home values have risen by over $40,000 over the past year in four states — Massachusetts, New Jersey, California and Connecticut. Home values increased the most in Massachusetts from February 2023 to February 2024 — $49,382.

• Over the past two years, home values have increased the most in Massachusetts. The average home value has increased by $78,145 from February 2022 to February 2024.

• Home values have decreased in the past six months in several states: Hawaii, North Dakota, Louisiana, Mississippi, Texas, Alaska, Alabama, Minnesota and Oregon.

• Idaho has experienced the biggest drop in home values over the past two years, with a decline of $16,195 from February 2022 to February 2024.

Find Out: 5 Types of Homes That Will Plummet in Value in 2024

Learn More: The Best Place To Live on a $100,000 Salary in Every State

Wealthy people know the best money secrets. Learn how to copy them.

Alabama

• February 2024 home value: $217,961

• 6-month change in home value (dollar amount): -$587

• 1-year change in home value (dollar amount): $4,122

• 2-year change in home value (dollar amount): $13,996

Be Aware: I’m a Real Estate Agent: These 5 Cities Are Becoming Unaffordable

Alaska

• February 2024 home value: $362,644

• 6-month change in home value (dollar amount): -$691

• 1-year change in home value (dollar amount): $4,532

• 2-year change in home value (dollar amount): $13,672

Arizona

• February 2024 home value: $436,307

• 6-month change in home value (dollar amount): $4,842

• 1-year change in home value (dollar amount): $10,408

• 2-year change in home value (dollar amount): $10,673

Story continues

Arkansas

• February 2024 home value: $198,530

• 6-month change in home value (dollar amount): $718

• 1-year change in home value (dollar amount): $5,859

• 2-year change in home value (dollar amount): $12,177

California

• February 2024 home value: $785,294

• 6-month change in home value (dollar amount): $14,537

• 1-year change in home value (dollar amount): $41,459

• 2-year change in home value (dollar amount): $44,146

Discover More: ​ChatGPT Unveils: 5 Worst Cities To Buy a House in 2024

Colorado

• February 2024 home value: $550,989

• 6-month change in home value (dollar amount): $1,200

• 1-year change in home value (dollar amount): $4,961

• 2-year change in home value (dollar amount): $15,716

Connecticut

• February 2024 home value: $409,905

• 6-month change in home value (dollar amount): $12,639

• 1-year change in home value (dollar amount): $40,604

• 2-year change in home value (dollar amount): $68,371

Delaware

• February 2024 home value: $371,763

• 6-month change in home value (dollar amount): $4,692

• 1-year change in home value (dollar amount): $16,289

• 2-year change in home value (dollar amount): $37,281

Florida

• February 2024 home value: $409,638

• 6-month change in home value (dollar amount): $5,138

• 1-year change in home value (dollar amount): $12,825

• 2-year change in home value (dollar amount): $54,069

Check Out: Barbara Corcoran Says, ‘Forget About Florida,’ Move Here for Cheap Homes

Georgia

• February 2024 home value: $323,386

• 6-month change in home value (dollar amount): $3,847

• 1-year change in home value (dollar amount): $12,945

• 2-year change in home value (dollar amount): $34,593

Hawaii

• February 2024 home value: $967,296

• 6-month change in home value (dollar amount): -$4,746

• 1-year change in home value (dollar amount): $6,315

• 2-year change in home value (dollar amount): $52,802

Idaho

• February 2024 home value: $443,630

• 6-month change in home value (dollar amount): $1,912

• 1-year change in home value (dollar amount): $1,495

• 2-year change in home value (dollar amount): -$16,195

Illinois

• February 2024 home value: $255,278

• 6-month change in home value (dollar amount): $4,298

• 1-year change in home value (dollar amount): $15,095

• 2-year change in home value (dollar amount): $24,400

Read Next: In Less Than a Decade, You Won’t Be Able To Afford Homes in These ZIP Codes

Indiana

• February 2024 home value: $231,797

• 6-month change in home value (dollar amount): $2,088

• 1-year change in home value (dollar amount): $11,139

• 2-year change in home value (dollar amount): $24,465

Iowa

• February 2024 home value: $212,618

• 6-month change in home value (dollar amount): $1,315

• 1-year change in home value (dollar amount): $8,143

• 2-year change in home value (dollar amount): $20,283

Kansas

• February 2024 home value: $218,078

• 6-month change in home value (dollar amount): $923

• 1-year change in home value (dollar amount): $9,216

• 2-year change in home value (dollar amount): $23,995

Kentucky

• February 2024 home value: $196,576

• 6-month change in home value (dollar amount): $2,438

• 1-year change in home value (dollar amount): $8,416

• 2-year change in home value (dollar amount): $20,390

For You: 8 States To Move to If You Don’t Want To Pay Taxes on Social Security

Louisiana

• February 2024 home value: $195,141

• 6-month change in home value (dollar amount): -$3,337

• 1-year change in home value (dollar amount): -$5,401

• 2-year change in home value (dollar amount): -$5,663

Maine

• February 2024 home value: $379,011

• 6-month change in home value (dollar amount): $5,540

• 1-year change in home value (dollar amount): $28,713

• 2-year change in home value (dollar amount): $53,951

Maryland

• February 2024 home value: $418,225

• 6-month change in home value (dollar amount): $1,645

• 1-year change in home value (dollar amount): $14,036

• 2-year change in home value (dollar amount): $25,431

Massachusetts

• February 2024 home value: $616,983

• 6-month change in home value (dollar amount): $14,664

• 1-year change in home value (dollar amount): $49,382

• 2-year change in home value (dollar amount): $78,145

Find Out: 15 Cheap, Beautiful Places To Retire

Michigan

• February 2024 home value: $230,579

• 6-month change in home value (dollar amount): $2,498

• 1-year change in home value (dollar amount): $11,045

• 2-year change in home value (dollar amount): $19,854

Minnesota

• February 2024 home value: $328,696

• 6-month change in home value (dollar amount): -$349

• 1-year change in home value (dollar amount): $7,142

• 2-year change in home value (dollar amount): $14,873

Mississippi

• February 2024 home value: $170,810

• 6-month change in home value (dollar amount): -$1,278

• 1-year change in home value (dollar amount): $1,244

• 2-year change in home value (dollar amount): $1,723

Missouri

• February 2024 home value: $239,144

• 6-month change in home value (dollar amount): $1,662

• 1-year change in home value (dollar amount): $11,070

• 2-year change in home value (dollar amount): $24,416

Discover More: A $150K Income Is ‘Lower Middle Class’ In These High-Cost Cities

Montana

• February 2024 home value: $450,517

• 6-month change in home value (dollar amount): $3,628

• 1-year change in home value (dollar amount): $19,956

• 2-year change in home value (dollar amount): $35,766

Nebraska

• February 2024 home value: $251,976

• 6-month change in home value (dollar amount): $1,726

• 1-year change in home value (dollar amount): $11,936

• 2-year change in home value (dollar amount): $28,801

Nevada

• February 2024 home value: $441,950

• 6-month change in home value (dollar amount): $9,488

• 1-year change in home value (dollar amount): $9,850

• 2-year change in home value (dollar amount): $13,946

New Hampshire

• February 2024 home value: $475,398

• 6-month change in home value (dollar amount): $9,333

• 1-year change in home value (dollar amount): $36,566

• 2-year change in home value (dollar amount): $75,993

Read More: How Much Household Income Will Be Considered Upper Middle Class in 5 Years?

New Jersey

• February 2024 home value: $519,941

• 6-month change in home value (dollar amount): $14,876

• 1-year change in home value (dollar amount): $42,694

• 2-year change in home value (dollar amount): $69,496

New Mexico

• February 2024 home value: $293,801

• 6-month change in home value (dollar amount): $3,698

• 1-year change in home value (dollar amount): $14,452

• 2-year change in home value (dollar amount): $33,449

New York

• February 2024 home value: $428,712

• 6-month change in home value (dollar amount): $10,876

• 1-year change in home value (dollar amount): $30,204

• 2-year change in home value (dollar amount): $53,353

North Carolina

• February 2024 home value: $324,113

• 6-month change in home value (dollar amount): $3,331

• 1-year change in home value (dollar amount): $12,940

• 2-year change in home value (dollar amount): $38,531

Be Aware: How Far a $100,000 Salary Goes in America’s 50 Largest Cities

North Dakota

• February 2024 home value: $252,455

• 6-month change in home value (dollar amount): -$3,910

• 1-year change in home value (dollar amount): -$1,669

• 2-year change in home value (dollar amount): $6,060

Ohio

• February 2024 home value: $218,937

• 6-month change in home value (dollar amount): $3,059

• 1-year change in home value (dollar amount): $13,355

• 2-year change in home value (dollar amount): $25,633

Oklahoma

• February 2024 home value: $200,364

• 6-month change in home value (dollar amount): $2,457

• 1-year change in home value (dollar amount): $7,247

• 2-year change in home value (dollar amount): $20,805

Oregon

• February 2024 home value: $494,780

• 6-month change in home value (dollar amount): -$214

• 1-year change in home value (dollar amount): $7,492

• 2-year change in home value (dollar amount): $8,892

Learn More: What Income Level Is Considered Middle Class in Your State?

Pennsylvania

• February 2024 home value: $256,822

• 6-month change in home value (dollar amount): $3,086

• 1-year change in home value (dollar amount): $11,890

• 2-year change in home value (dollar amount): $24,616

Rhode Island

• February 2024 home value: $448,778

• 6-month change in home value (dollar amount): $9,123

• 1-year change in home value (dollar amount): $33,830

• 2-year change in home value (dollar amount): $60,504

South Carolina

• February 2024 home value: $289,251

• 6-month change in home value (dollar amount): $3,047

• 1-year change in home value (dollar amount): $10,155

• 2-year change in home value (dollar amount): $33,237

South Dakota

• February 2024 home value: $293,085

• 6-month change in home value (dollar amount): $366

• 1-year change in home value (dollar amount): $4,870

• 2-year change in home value (dollar amount): $24,088

Check Out: Net Worth for Baby Boomers: How To Tell Whether You’re Poor, Middle Class, Upper Middle Class or Rich

Tennessee

• February 2024 home value: $310,207

• 6-month change in home value (dollar amount): $2,845

• 1-year change in home value (dollar amount): $13,384

• 2-year change in home value (dollar amount): $31,522

Texas

• February 2024 home value: $299,474

• 6-month change in home value (dollar amount): -$1,222

• 1-year change in home value (dollar amount): -$210

• 2-year change in home value (dollar amount): $18,339

Utah

• February 2024 home value: $519,469

• 6-month change in home value (dollar amount): $2,866

• 1-year change in home value (dollar amount): $5,216

• 2-year change in home value (dollar amount): $7,881

Vermont

• February 2024 home value: $375,943

• 6-month change in home value (dollar amount): $118

• 1-year change in home value (dollar amount): $17,343

• 2-year change in home value (dollar amount): $40,917

Find Out: ​​Here’s What the US Minimum Wage Was the Year You Were Born

Virginia

• February 2024 home value: $383,327

• 6-month change in home value (dollar amount): $5,105

• 1-year change in home value (dollar amount): $20,144

• 2-year change in home value (dollar amount): $38,479

Washington

• February 2024 home value: $589,807

• 6-month change in home value (dollar amount): $4,801

• 1-year change in home value (dollar amount): $15,822

• 2-year change in home value (dollar amount): $19,197

West Virginia

• February 2024 home value: $155,333

• 6-month change in home value (dollar amount): $1,007

• 1-year change in home value (dollar amount): $5,715

• 2-year change in home value (dollar amount): $12,149

Wisconsin

• February 2024 home value: $289,236

• 6-month change in home value (dollar amount): $1,563

• 1-year change in home value (dollar amount): $15,562

• 2-year change in home value (dollar amount): $33,281

Explore More: Warren Buffett: 6 Best Pieces of Money Advice for the Middle Class

Wyoming

• February 2024 home value: $333,745

• 6-month change in home value (dollar amount): $1,089

• 1-year change in home value (dollar amount): $10,453

• 2-year change in home value (dollar amount): $28,318

Andrew Lisa contributed to the reporting for this article.

Methodology: For this piece, GOBankingRates used Zillow’s February 2024 Single-Family Residence (SFR) home value data to discover the current state of the housing market in every state. First, for each state GOBankingRates found the following: (1) February 2022 SFR home value; (2) February 2023 SFR home value; (3) September 2023 SFR home value; (4) January 2024 SFR home value; and (5) February 2024 SFR home value. With these figures collected, GOBankingRates next found the following for each state: (6) two-year (February 2022 to February 2024) change in SFR home value; (7) one-year (February 2023 to February 2024) change in SFR home value; (8) six-month (September 2023 to February 2024) change in SFR home value; and (9) one-month (January 2024 to February 2024) change in SFR home value. All data was collected and is up-to-date as of April 10, 2024.

More From GOBankingRates

This article originally appeared on GOBankingRates.com: Here’s the Current State of the Housing Market in Every State