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10 Housing Markets Where Prices Are Still Rising

February 28, 2025

2 min Read

Written by Vance Cariaga

Edited by Jenna Klaverweiden

Downtown skyline with Buildings in Milwaukee at twilight, in Wisconsin USA.

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Although home prices are falling in some major U.S. cities — stretching from Miami to San Francisco — that’s still not the case in much of the country. As of January 2025, typical home values in the United States were up 2.7% from the previous year at $355,328, according to Zillow.

The good news is that price growth has decelerated from the soaring increases seen a couple of years ago, when COVID-19 slowed home construction. The limited supply of homes for sale heightened demand across the country, which in turn drove home prices to record highs.

Even today, a number of cities are still seeing substantial home price gains as the construction industry continues to play catch-up with demand. Research from Construction Coverage found that as the end of 2024, overall U.S. home prices had gained 6.3% from the year prior — much higher than the Zillow estimate. It noted that the price increases aren’t as drastic as they were in the past, but they’re rising at a sustainable rate.

Here is a look at 10 U.S. housing markets where prices are still rising above the national average, based on Zillow data as of Jan. 31, 2025.

Also see how the average cost of a home has changed in the last 10 years.