Lakewood-New Brunswick, NJ
House prices for this FHFA metro area, real and nominal, since the series begins.
FHFA purchase-only, principal metropolitan division · 1991 Q1 to 2026 Q2 · real terms in 2024 dollars · built 2026-10-31
All metro areas · FHFA publishes the largest metros only as their principal metropolitan division, so this is the core of the metro rather than the whole of it.
The index
Real and nominal, first quarter of the series = 100; the shaded band is 2007 to 2012.
How this is measured
Real terms deflate each quarter by that year's US CPI, stated in 2024 dollars; the CPI runs to 2024, so later quarters sit at 2024 prices until the next print. Purchase-only means repeat sales of the same homes with refinance appraisals excluded, the cleaner of FHFA's two indices, published for the 100 largest metro areas.
One year
One year real +2.9%
nominal +2.9%
Five years
Five years real +29.8%
nominal +50.2%
Ten years
Ten years real +59.6%
nominal +108.5%
Twenty-five years
Twenty-five years real +90.0%
nominal +236.6%
Since 2000
Since 2000 real +117.2%
nominal +295.7%
2007 to 2012
crash, real −29.8%
2007Q2 to 2012Q1
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 479.3 | 479.3 | real year on year +4.4% |
| 2025 Q4 | 459.2 | 459.2 | real year on year +4.8% |
| 2024 Q4 | 438.2 | 438.2 | real year on year +4.0% |
| 2023 Q4 | 409.3 | 421.4 | real year on year +6.1% |
| 2022 Q4 | 370.4 | 397.1 | real year on year +0.2% |
| 2021 Q4 | 342.3 | 396.2 | real year on year +12.5% |
| 2020 Q4 | 290.6 | 352.2 | real year on year +10.1% |
| 2019 Q4 | 260.6 | 319.8 | real year on year +2.7% |
| 2018 Q4 | 249.3 | 311.4 | real year on year +1.1% |
| 2017 Q4 | 240.8 | 308.1 | real year on year +1.9% |
| 2016 Q4 | 231.3 | 302.3 | real year on year +2.6% |
| 2015 Q4 | 222.7 | 294.7 | real year on year +0.8% |
| 2014 Q4 | 220.6 | 292.3 | real year on year +1.8% |
| 2013 Q4 | 213.2 | 287.1 | real year on year +1.9% |
| 2012 Q4 | 206.3 | 281.9 | real year on year −3.4% |
| 2011 Q4 | 209.2 | 291.8 | real year on year −8.8% |
| 2010 Q4 | 222.3 | 319.8 | real year on year −2.5% |
| 2009 Q4 | 224.3 | 328.0 | real year on year −4.7% |
| 2008 Q4 | 236.1 | 344.0 | real year on year −10.6% |
| 2007 Q4 | 254.4 | 384.9 | real year on year −6.5% |
| 2006 Q4 | 264.5 | 411.6 | real year on year −2.8% |
| 2005 Q4 | 263.8 | 423.7 | real year on year +7.9% |
| 2004 Q4 | 236.4 | 392.6 | real year on year +12.8% |
| 2003 Q4 | 204.0 | 347.9 | real year on year +11.0% |
| 2002 Q4 | 179.7 | 313.4 | real year on year +15.6% |
| 2001 Q4 | 153.0 | 271.0 | real year on year +10.5% |
| 2000 Q4 | 134.6 | 245.2 | real year on year +9.8% |
| 1999 Q4 | 118.6 | 223.3 | real year on year +6.3% |
| 1998 Q4 | 109.2 | 210.1 | real year on year +3.4% |
| 1997 Q4 | 104.0 | 203.2 | real year on year +0.5% |
| 1996 Q4 | 101.1 | 202.2 | real year on year −1.7% |
| 1995 Q4 | 99.9 | 205.7 | real year on year −2.0% |
| 1994 Q4 | 99.2 | 209.8 | real year on year −3.7% |
| 1993 Q4 | 100.3 | 217.9 | real year on year −2.2% |
| 1992 Q4 | 99.7 | 222.9 | real year on year −0.8% |
| 1991 Q4 | 97.6 | 224.7 | — |
2026 Q2479 · real 479real year on year +4.4%
2025 Q4459 · real 459real year on year +4.8%
2024 Q4438 · real 438real year on year +4.0%
2023 Q4409 · real 421real year on year +6.1%
2022 Q4370 · real 397real year on year +0.2%
2021 Q4342 · real 396real year on year +12.5%
2020 Q4291 · real 352real year on year +10.1%
2019 Q4261 · real 320real year on year +2.7%
2018 Q4249 · real 311real year on year +1.1%
2017 Q4241 · real 308real year on year +1.9%
2016 Q4231 · real 302real year on year +2.6%
2015 Q4223 · real 295real year on year +0.8%
Source
FHFA House Price Index, purchase-only, quarterly, not seasonally adjusted, CBSA 29484. Real terms by the World Bank's US consumer price index, annual.