HAR Report: The median home price was statistically flat at $346,651. A surge in luxury home sales drove the average price to a record high of $450,235. The price per square foot increased from $179 to $181, which is the highest since May 2024.
According to Freddie Mac's Primary Mortgage Market Survey, the average 30-year mortgage rate decreased from 6.92 percent in June 2024 to 6.82 percent in June 2025. When combined with the median home price, the typical monthly principal and interest mortgage payment essentially remained flat, dipping slightly from $1,826 in June 2024 (assuming a 20 percent down payment) to $1,811 as of June 2025.