U.S. house prices rose 0.4 percent in October, according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 4.5 percent from October 2023 to October 2024. The previously reported 0.7 percent price growth in September remained unchanged.
Among nine geographic divisions defined by the U.S. Census, the change in seasonally adjusted monthly home prices between September and October 2024 ranged from -0.4 percent in the Pacific division to 1.0 percent in the West South Central division. The 12-month changes were positive in every division, ranging from 2.3 percent in the Pacific division to 7.0 percent in the Middle Atlantic division. Still, growth in U.S. home prices has shown signs of slowing; the 12-month price change was 2 percentage points lower than it was between October 2022 and October 2023.
Monthly index values and appreciation rate estimates for recent periods are provided in the tables and graphs in the attached report. Downloadable data and HPI release dates for all of 2025 are available here: https://www.fhfa.gov/HPI.