U.S. Housing Market Report — Jan 2025

The national median listing price fell to $401K (-2.2% year over year) in Jan 2025. Active inventory rose to 829,376 listings (+24.6% YoY), with the typical home spending 73 days on market.

Sellers cut prices on 15.6% of listings (+6.3% vs last year). The typical U.S. asking rent stands at $1,910/mo (Zillow ZORI).

The hottest markets this month: Manchester-Nashua, NH, Hartford-West Hartford-East Hartford, CT, Kenosha, WI, Norwich-New London-Willimantic, CT, Worcester, MA.