Montgomery County-Bucks County-Chester County, PA
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 2026-09-12
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 +4.2%
nominal +4.2%
Five years
Five years real +20.2%
nominal +39.1%
Ten years
Ten years real +46.4%
nominal +91.4%
Twenty-five years
Twenty-five years real +73.9%
nominal +208.0%
Since 2000
Since 2000 real +87.8%
nominal +242.1%
2007 to 2012
crash, real −23.9%
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 | 389.9 | 389.9 | real year on year +4.7% |
| 2025 Q4 | 372.6 | 372.6 | real year on year +3.3% |
| 2024 Q4 | 360.7 | 360.7 | real year on year +3.6% |
| 2023 Q4 | 338.1 | 348.0 | real year on year +4.4% |
| 2022 Q4 | 311.0 | 333.4 | real year on year −1.2% |
| 2021 Q4 | 291.3 | 337.2 | real year on year +8.4% |
| 2020 Q4 | 256.6 | 311.0 | real year on year +9.7% |
| 2019 Q4 | 231.1 | 283.5 | real year on year +3.7% |
| 2018 Q4 | 218.9 | 273.5 | real year on year +1.0% |
| 2017 Q4 | 211.5 | 270.6 | real year on year +0.9% |
| 2016 Q4 | 205.3 | 268.3 | real year on year +3.1% |
| 2015 Q4 | 196.5 | 260.1 | real year on year +1.9% |
| 2014 Q4 | 192.7 | 255.3 | real year on year −0.2% |
| 2013 Q4 | 190.0 | 255.8 | real year on year +2.4% |
| 2012 Q4 | 182.8 | 249.7 | real year on year −1.7% |
| 2011 Q4 | 182.1 | 254.0 | real year on year −6.0% |
| 2010 Q4 | 187.8 | 270.2 | real year on year −5.4% |
| 2009 Q4 | 195.4 | 285.7 | real year on year −1.1% |
| 2008 Q4 | 198.3 | 288.9 | real year on year −8.8% |
| 2007 Q4 | 209.5 | 316.9 | real year on year −3.3% |
| 2006 Q4 | 210.7 | 327.9 | real year on year −1.1% |
| 2005 Q4 | 206.4 | 331.6 | real year on year +6.6% |
| 2004 Q4 | 187.3 | 311.1 | real year on year +9.9% |
| 2003 Q4 | 166.0 | 283.1 | real year on year +8.9% |
| 2002 Q4 | 149.0 | 259.9 | real year on year +11.4% |
| 2001 Q4 | 131.6 | 233.2 | real year on year +6.7% |
| 2000 Q4 | 120.0 | 218.5 | real year on year +2.7% |
| 1999 Q4 | 113.0 | 212.8 | real year on year +3.6% |
| 1998 Q4 | 106.8 | 205.4 | real year on year +2.6% |
| 1997 Q4 | 102.4 | 200.2 | real year on year −0.4% |
| 1996 Q4 | 100.5 | 201.0 | real year on year −2.3% |
| 1995 Q4 | 100.0 | 205.8 | real year on year −2.7% |
| 1994 Q4 | 100.0 | 211.6 | real year on year −2.4% |
| 1993 Q4 | 99.8 | 216.8 | real year on year −3.7% |
| 1992 Q4 | 100.7 | 225.2 | real year on year −2.9% |
| 1991 Q4 | 100.7 | 232.0 | — |
2026 Q2390 · real 390real year on year +4.7%
2025 Q4373 · real 373real year on year +3.3%
2024 Q4361 · real 361real year on year +3.6%
2023 Q4338 · real 348real year on year +4.4%
2022 Q4311 · real 333real year on year −1.2%
2021 Q4291 · real 337real year on year +8.4%
2020 Q4257 · real 311real year on year +9.7%
2019 Q4231 · real 284real year on year +3.7%
2018 Q4219 · real 273real year on year +1.0%
2017 Q4211 · real 271real year on year +0.9%
2016 Q4205 · real 268real year on year +3.1%
2015 Q4197 · real 260real year on year +1.9%
Show all 36 years
2014 Q4193 · real 255real year on year −0.2%
2013 Q4190 · real 256real year on year +2.4%
2012 Q4183 · real 250real year on year −1.7%
2011 Q4182 · real 254real year on year −6.0%
2010 Q4188 · real 270real year on year −5.4%
2009 Q4195 · real 286real year on year −1.1%
2008 Q4198 · real 289real year on year −8.8%
2007 Q4209 · real 317real year on year −3.3%
2006 Q4211 · real 328real year on year −1.1%
2005 Q4206 · real 332real year on year +6.6%
2004 Q4187 · real 311real year on year +9.9%
2003 Q4166 · real 283real year on year +8.9%
2002 Q4149 · real 260real year on year +11.4%
2001 Q4132 · real 233real year on year +6.7%
2000 Q4120 · real 219real year on year +2.7%
1999 Q4113 · real 213real year on year +3.6%
1998 Q4107 · real 205real year on year +2.6%
1997 Q4102 · real 200real year on year −0.4%
1996 Q4101 · real 201real year on year −2.3%
1995 Q4100 · real 206real year on year −2.7%
1994 Q4100 · real 212real year on year −2.4%
1993 Q4100 · real 217real year on year −3.7%
1992 Q4101 · real 225real year on year −2.9%
1991 Q4101 · real 232—
Source
FHFA House Price Index, purchase-only, quarterly, not seasonally adjusted, CBSA 33874. Real terms by the World Bank's US consumer price index, annual.