Is Now a Good Time to Buy a House?

Is Now a Good Time to Buy a House? March 31, 2025 by Jamie Forbes Key takeaways: If you have the means, now may be a good time to buy a house.

House prices: Sky-high and still climbing
The median U.S. sale price currently sits at $426,000 – up 3.3% from a year ago. House prices have posted year-over-year gains for 20 consecutive months and are 32% higher than they were in 2020.

Although growth has slowed, we expect prices to continue rising this year, pushing more would-be buyers into renting. Redfin recently found that the homeownership rate for Gen Zs and Millennials – the largest renter populations – dipped in 2024, highlighting the lack of affordability and growing economic uncertainty.

For those planning to buy, acting sooner rather than later could help lock in a lower price before homes become even more expensive. Monthly housing costs just rose to their highest level on record.

March 31, 2025 by Jamie Forbes