Over the past few years, you’ve probably seen a whole lot of headlines about how home prices keep going up. But have you ever stopped to think about what that actually means for your home?
Home prices have risen dramatically over the past five years — far more than usual. And if selling has been on your mind, this could mean a bigger-than-expected payday when you list. So, how much has your home’s value really changed? Let’s break it down.
Typically, home prices go up by about 2-5% a year. But in 2021-2022, there were double-digit increases. And at the peak, prices rose by a staggering 20% or more nationally. Why? There were way more buyers than homes available, which sent prices soaring. While things have normalized since then, you still get to reap the benefits of those massive increases.
Your house has gained way more value than it normally would in such a short period of time – and that means a lot more wealth for you, too.
The map below uses data from the Federal Housing Finance Agency (FHFA) to show that, nationally, prices have gone up by nearly 60% in just the past 5 years alone. Here’s a breakdown that takes that one step further and gives you the numbers by state:
If you’ve been holding off on selling because you were worried about buying your next home at today’s rates and prices, let that sink in. It may be more than enough to help close the affordability gap and get you into your next house.
And what if you’ve been there for longer? That means your home’s value is probably even higher now. You get to stack the abnormal gains of the past 5 years on top of five years of more normal appreciation too. And an agent can help you figure out what that really looks like.
While a percentage is great, you probably want more specific numbers. The only way to get an accurate look at what your house is really worth is to talk to a local real estate agent.
While the map above gives you the average appreciation rate by state, it doesn’t take your local market into consideration. Like, is inventory still low where you live? That may drive prices higher, and faster. Or maybe you’ve done renovation that’ll add even more value to your house. Those are insights you’ll need an agent to provide.
An agent will know what’s happening where you live and can stack that up against the data and the condition of your home to give you the best estimate of its value possible. Only they have the data and expertise to find out your real number today.
Home values have climbed — maybe more than you expected. Are you curious about what your house is worth in today’s market? Let’s connect so you can find out.
Check out the latest articles on real estate trends.
Lifestyle
Take this fun personality-inspired guide to discover which famous Atlanta landmark best matches your vibe, and explore the neighborhoods, culture, and attractions that make Atlanta one of America's most unique cities.
Lifestyle
The historic Downtown Atlanta destination is searching for restaurants, sports bars, tattoo studios, and other unique concepts as redevelopment continues. Here's why this opportunity could reshape the future of the city.
Lifestyle
After experimenting with paid admission in 2026, the Atlanta Dogwood Festival is bringing back free entry in 2027. Here's why the change happened, what visitors can expect, and how you can help support one of Atlanta's oldest spring traditions.
Lifestyle
Cool off on the Chattahoochee River, soak in the beauty of North Georgia, and experience one of the state's most unforgettable summer adventures. Here's everything you need to know before you float through Helen, Georgia.
Lifestyle
The Georgia Department of Transportation is exploring the possibility of restoring passenger rail service between Atlanta and Savannah. Here's what we know, why public feedback matters, and how the project could impact travel, tourism, and real estate across the state.
A proposed observation deck at Bank of America Plaza could transform Atlanta's skyline into the city's next must-see attraction. Here's everything you need to know.
Lifestyle
From authentic Indian chai and ceremonial-grade matcha to cozy vibes and fresh pastries, The Chai Box Cafe is bringing a whole new café experience to Howell Mill Road.
Lifestyle
Discover why Putt Nation is quickly becoming one of the best indoor entertainment destinations near Atlanta, offering immersive mini golf, delicious food, self-serve drinks, and fun for all ages.
Address
3107 Peachtree Rd NE A-1
Atlanta GA 30305
