03/06/2026
🏡 Will a $1,000,000 national median home price ever happen? According to NAR Chief Economist Lawrence Yun — almost certainly yes.
Yun recently ran several scenarios starting from today's national median home price of $414,300. Here's when we could hit $1 million depending on annual appreciation:
📊 Case 1: 3% annual gain → 2056
📊 Case 2: 4% annual gain → 2049
📊 Case 3: 5% annual gain → 2045
📊 Case 4: 6% annual gain → 2042
Using the actual average annual gain of 4.5% from the past 25 years, Yun projects we'd reach $1 million by 2048 — roughly 22 years from now.
💬 In Yun's own words: "One can be reasonably sure to see a median national home price of $1,000,000 in about 25 years. That is a wealth for retirement or to pass it on to the next generation."
📌 What this means for YOU:
Whether you're a current homeowner or hoping to buy — real estate continues to be one of the most reliable long-term wealth-building tools available. Buying a home isn't just about a place to live — it's about building a financial legacy.
⏳ The best time to invest in real estate was yesterday. The second best time? Today.
💬 Are you planning to buy, sell, or hold in the next few years? Drop your thoughts below — we'd love to help you navigate this market! 👇
