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Home / News / Economy / Home Prices in Cities Rise 16%, Surpassing Suburban and Rural Price Growth For the First Time Since Before Pandemic (access required)

Home Prices in Cities Rise 16%, Surpassing Suburban and Rural Price Growth For the First Time Since Before Pandemic (access required)

The median home-sale price in urban areas nationwide rose 15.9% year over year to $292,263 in the four weeks ending February 21, according to a new report from Redfin (www.redfin.com). This compared with a 15.5% increase to $332,291 for homes in suburban neighborhoods and a 14.3% increase to $284,593 for those in rural neighborhoods. Although price ...

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