Home prices fell as much as $525,000 in some U.S. counties

A Realtor.com analysis found median listing prices dropped in several U.S. counties over the past year, with the largest dollar decline of $525,000 in Pitkin County, Colorado; nationwide, the median U.S. sale price was $429,189 in February, up 0.9% year-over-year.

Home price growth slowed across 2025 and early 2026 to levels not seen since before the pandemic. As of February, the median U.S. sale price was $429,189, a 0.9% increase from a year earlier, according to Redfin. Despite modest nationwide change, some counties experienced large local corrections that increased purchasing power for buyers there. A Realtor.com report identified several counties with notable year-over-year declines, led by Pitkin County, Colorado. Notable figures: - The median U.S. home sale price was $429,189 in February, up 0.9% from a year earlier (Redfin). - Pitkin County, Colorado, saw the largest dollar decline in median listing price, falling $525,000 from $3,737,500 to $3,212,000, a 14.1% decrease (Realtor.com). - Garfield County, Colorado, recorded a $411,248 drop in median listing price, a 34.9% decline year-over-year. - Summit County, Utah, saw a $309,250 decrease in median listing price, a 15.2% decline from the prior February. - Several resort and luxury markets also posted declines, including San Miguel County (down $330,000), Dukes and Nantucket counties in Massachusetts, and Santa Barbara and Napa counties in California. - Some smaller counties showed large percentage swings, including Custer County, Idaho (down 44.3%) and Washington County, Alabama (down 39%). Summary: These county-level declines contrast with modest national price growth and reflect changing inventory and demand in some luxury and resort markets. Realtor.com senior economic research analyst Hannah Jones noted that large dollar swings can reflect very high median listing prices or shifts in the mix of inventory, and she said recovering inventory could soften upward price pressure. Undetermined at this time.