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Homes.com Report: Home Prices Remain Nearly Flat Nationally as Market-Level Differences Become More Visible

April 15, 2026 9:33 AM
Business Wire

National year-over-year price growth remained modest in March, but differences across large markets became more apparent as the spring homebuying season began.

Homes.com, a CoStar Group (NASDAQ: CSGP) leading online residential marketplace, released a new report today that shows year-over-year growth in U.S. home prices remained limited in March as the housing market continued its gradual transition toward more balanced conditions. The national median home price was $385,000 in March 2026, up 1.3% from a year earlier, reinforcing a pattern of restrained annual growth rather than renewed acceleration.

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US Sale Prices Key Indicators

At the national level, year-over-year price growth remained little changed from recent months. Month-to-month movements followed typical early-spring seasonality, but the broader signal from March data was one of stability rather than momentum.

Large markets show widening divergence

Beneath that national stability, year-over-year price growth varied meaningfully across large markets. Several markets in the Northeast and Midwest continued to post clearer annual gains, generally in the low- to mid-single-digit range. Philadelphia and Baltimore, for example, recorded year-over-year growth of roughly 4% and 7%, respectively, reflecting steadier demand in markets where prices had not risen as sharply earlier in the cycle.

By contrast, median sale prices declined over the past year in several large markets in California and Texas. Markets such as Austin and Dallas–Fort Worth gave back part of earlier gains, while parts of Southern California also posted modest year-over-year declines. In most cases, these pullbacks remained limited, consistent with ongoing rebalancing rather than distress.

Price growth also varied by housing type. Condo prices posted modest year-over-year gains nationally, but outcomes differed widely across large markets, with affordability constraints and local supply conditions playing a larger role in shaping growth than national trends alone.

“March price data showed a market that was continuing to adjust rather than overheat,” said Brad Case, Homes.com Chief Residential Economist. “Prices were still higher than a year ago nationally, but growth remained modest, with differences across markets reflecting local affordability, supply conditions, and earlier price run-ups.”

Taken together, March data showed a home price environment defined by restrained national year-over-year growth and meaningful market-level dispersion. Rather than signaling renewed upward pressure or broad weakness, price growth patterns continued to reflect a market moving gradually toward balance as the spring homebuying season began. Additional market insights and reports are available at https://www.homes.com/reports/.

About Homes.com

The Homes.com Network is the fastest-growing residential real estate marketplace and the second largest in the United States. Homes.com is a brand of CoStar Group (NASDAQ: CSGP), a global leader in commercial real estate information, analytics, and online marketplaces, which acquired the platform in 2021.

Homes.com is the first major U.S. real estate portal to focus first on helping homeowners and their agents leverage the marketing power of the internet to bring more potential buyers to their listings. Homes.com’s unparalleled content and search capabilities bring millions of buyers and sellers to the site where they can seamlessly connect with agents. On average, Homes.com’s Members are winning 60% more listings* because they offer the home sellers a real estate portal that works for them not against them.

The Homes.com Network reached an audience of 108 million average monthly unique visitors in 2025** Consumer brand awareness skyrocketed from 4% to 33% in just one year since CoStar Group launched the industry’s largest marketing campaign to date in February 2024, reintroducing the platform to the market. For more information, visit Homes.com.

*Based on internal analyses comparing Members to non-Members on Homes.com.

** Homes.com Network (which includes Homes.com, the Apartments Network, and the Land Network) average monthly unique visitors (108 million) for the year ended December 31, 2025, according to Google Analytics.

About CoStar Group

CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

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Media Contact:

Matthew Blocher

CoStar Group

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Original: Homes.com Report: Home Prices Remain Nearly Flat Nationally as Market-Level Differences Become More Visible