Median Sales Price of Existing Single-Family Homes in Midwest Census Region
HSFMEDUSMWM052N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
341,000.00
Year-over-Year Change
3.40%
Date Range
6/1/2024 - 6/1/2025
Summary
The Median Sales Price of Existing Single-Family Homes in the Midwest Census Region is a key indicator of housing market activity and consumer demand in that geographic area.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the median price of existing single-family homes sold in the nine-state Midwest region, which includes Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, and Ohio. It is a widely-tracked metric for analyzing real estate trends and consumer purchasing power.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of real estate transactions.
Historical Context
Economists and policymakers monitor this regional housing price trend to gauge overall economic conditions and make informed decisions.
Key Facts
- The Midwest region accounts for over 20% of U.S. existing home sales.
- Median home prices in the Midwest are typically lower than the national average.
- Home prices in the Midwest tend to be less volatile than coastal regions.
FAQs
Q: What does this economic trend measure?
A: This metric measures the median sales price of existing single-family homes sold in the nine-state Midwest Census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: The Midwest home price trend is a key indicator of housing market activity, consumer demand, and overall economic conditions in that geographic region.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of real estate transactions.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this regional housing price trend to gauge overall economic conditions and make informed decisions.
Q: Are there update delays or limitations?
A: There may be some time lags in data reporting, but the Midwest home price metric is a reliable, frequently-updated indicator of regional real estate market trends.
Related Trends
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Income Before Taxes: Unemployment and Workers' Compensation, Veterans Benefits by Region: Residence in the Midwest Census Region
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Business Applications for Midwest Census Region
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New One Family Houses Sold for the Midwest Census Region
HSN1FMWNSA
Producer Price Index by Industry: New Nonresidential Building Construction by Contractor Type/Region: Plumbing, Heating, and Air Conditioning Contractors for Midwest Census Region
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Citation
U.S. Federal Reserve, Median Sales Price of Existing Single-Family Homes in Midwest Census Region (HSFMEDUSMWM052N), retrieved from FRED.