Merced, CA
House prices for this metro area, real and nominal, since FHFA's series begins.
FHFA all-transactions · 1979 Q1 to 2026 Q2 · real terms in 2024 dollars · built 2026-10-31
All metro areas · this area is merced on the rankings
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. All-transactions includes refinance appraisals as well as sales; FHFA publishes purchase-only for the 100 largest metro areas only, and this is not one of them.
One year
One year real 0.0%
nominal 0.0%
Five years
Five years real +9.2%
nominal +26.4%
Ten years
Ten years real +45.1%
nominal +89.6%
Twenty-five years
Twenty-five years real +46.9%
nominal +160.3%
Since 2000
Since 2000 real +76.4%
nominal +221.3%
2007 to 2012
crash, real −66.0%
2007Q1 to 2011Q2
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 371.4 | 371.4 | real year on year −1.7% |
| 2025 Q4 | 377.9 | 377.9 | real year on year −0.8% |
| 2024 Q4 | 380.9 | 380.9 | real year on year +6.3% |
| 2023 Q4 | 347.9 | 358.2 | real year on year −4.0% |
| 2022 Q4 | 348.2 | 373.2 | real year on year −1.6% |
| 2021 Q4 | 327.7 | 379.4 | real year on year +17.8% |
| 2020 Q4 | 265.6 | 321.9 | real year on year +4.6% |
| 2019 Q4 | 250.9 | 307.9 | real year on year +2.9% |
| 2018 Q4 | 239.6 | 299.3 | real year on year +4.7% |
| 2017 Q4 | 223.5 | 286.0 | real year on year +8.0% |
| 2016 Q4 | 202.5 | 264.7 | real year on year +5.2% |
| 2015 Q4 | 190.2 | 251.7 | real year on year +8.7% |
| 2014 Q4 | 174.8 | 231.6 | real year on year +10.9% |
| 2013 Q4 | 155.1 | 208.8 | real year on year +24.9% |
| 2012 Q4 | 122.3 | 167.2 | real year on year +4.4% |
| 2011 Q4 | 114.9 | 160.2 | real year on year −8.1% |
| 2010 Q4 | 121.2 | 174.3 | real year on year +1.2% |
| 2009 Q4 | 117.8 | 172.2 | real year on year −10.0% |
| 2008 Q4 | 131.3 | 191.4 | real year on year −47.5% |
| 2007 Q4 | 240.7 | 364.2 | real year on year −24.8% |
| 2006 Q4 | 311.4 | 484.5 | real year on year −3.5% |
| 2005 Q4 | 312.4 | 501.8 | real year on year +26.1% |
| 2004 Q4 | 239.7 | 398.0 | real year on year +22.4% |
| 2003 Q4 | 190.7 | 325.1 | real year on year +11.2% |
| 2002 Q4 | 167.7 | 292.4 | real year on year +10.6% |
| 2001 Q4 | 149.2 | 264.4 | real year on year +11.2% |
| 2000 Q4 | 130.5 | 237.7 | real year on year +15.4% |
| 1999 Q4 | 109.4 | 206.0 | real year on year +0.1% |
| 1998 Q4 | 106.9 | 205.8 | real year on year +2.1% |
| 1997 Q4 | 103.1 | 201.4 | real year on year +1.2% |
| 1996 Q4 | 99.5 | 199.1 | real year on year −3.9% |
| 1995 Q4 | 100.7 | 207.2 | real year on year −1.5% |
| 1994 Q4 | 99.4 | 210.3 | real year on year −7.1% |
| 1993 Q4 | 104.2 | 226.3 | real year on year −5.3% |
| 1992 Q4 | 106.9 | 238.9 | real year on year −4.3% |
| 1991 Q4 | 108.4 | 249.7 | real year on year −4.2% |
| 1990 Q4 | 108.5 | 260.5 | real year on year +10.7% |
| 1989 Q4 | 93.0 | 235.3 | real year on year +12.6% |
| 1988 Q4 | 78.8 | 208.9 | real year on year +5.0% |
| 1987 Q4 | 72.0 | 198.9 | real year on year −6.3% |
| 1986 Q4 | 74.2 | 212.3 | real year on year +6.8% |
| 1985 Q4 | 68.2 | 198.8 | real year on year −7.7% |
| 1984 Q4 | 71.3 | 215.3 | real year on year +6.8% |
| 1983 Q4 | 64.0 | 201.7 | real year on year −3.5% |
| 1982 Q4 | 64.3 | 209.1 | real year on year −6.3% |
| 1980 Q4 | 58.6 | 223.1 | real year on year −8.5% |
| 1979 Q4 | 56.4 | 243.9 | — |
2026 Q2371 · real 371real year on year −1.7%
2025 Q4378 · real 378real year on year −0.8%
2024 Q4381 · real 381real year on year +6.3%
2023 Q4348 · real 358real year on year −4.0%
2022 Q4348 · real 373real year on year −1.6%
2021 Q4328 · real 379real year on year +17.8%
2020 Q4266 · real 322real year on year +4.6%
2019 Q4251 · real 308real year on year +2.9%
2018 Q4240 · real 299real year on year +4.7%
2017 Q4223 · real 286real year on year +8.0%
2016 Q4203 · real 265real year on year +5.2%
2015 Q4190 · real 252real year on year +8.7%
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 32900. Real terms by the World Bank's US consumer price index, annual.