The average cost of homes for one to three families reached $1,013,558 in the second quarter of 2025, marking the first time that price has reached $1 million dating back to the second quarter of 2024, according to a report by the real estate firm Brown Harris Stevens .

Since the second quarter of 2024, the average sales price of these homes has steadily gone up for the most part, with the one outlier being a decline from $961,821 in the third quarter of 2024 to $947,965 in the fourth quarter.

Year-over-year, the average price has gone up approximately 9.1%, from $928,953 in the second quarter of 2024 to $1,013,558 in the second quarter of 2025.

The number of closings for these homes has dropped over this period of time from 1,331 in the second quarter of 2024 to 1,301 in the second

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