15 Most Expensive Housing Markets in the United States 2024.

Home prices may have peaked in the summer of last year, but the most expensive housing markets in the U.S. are still shockingly dear. The bottom line is that despite some recent relief, the most expensive housing markets in the U.S. remain exceedingly costly by historical standards. Neither can they be expected to get much cheaper anytime soon.

To determine what average home prices, look like on the ground in the nation's most expensive housing markets, we turned to the latest data from the Council for Community and Economic Research (C2ER). Their cost-of-living index measures prices in 265 urban areas for housing, groceries, utilities, transportation, healthcare, and miscellaneous goods and services (such as getting your hair done or going to a movie).

With C2ER's data in hand, we were able to identify the 15 most expensive housing markets in the U.S. – and the premiums home prices command to the national average. (Spoiler alert: The 15 U.S. cities with the highest average home prices have an average home price of $1.2 million, or 2.7 times the national average.)

So just how costly do the most expensive housing markets in the U.S. get? Take a closer look at the U.S. cities with the highest average home prices. For good measure, we've also included data on median household incomes, average rents, related housing costs and other pertinent information.

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