As we approach the end of the year, housing prices are still expensive, with the median U.S.-based home sales price hovering around $365,333 as of July 2024. Interest rates are also still high — though they’re dropping — something that’s priced out many first-time buyers.
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But the real estate market can change quickly, and it’s possible that some types of homes will soar in value by the end of 2025. This is good news for sellers who own these types of homes and want to cash in and make a solid return on their properties. For prospective or first-time homebuyers, it’s also worth knowing which types of homes are likely to go up in price so you know which to buy and which to avoid.
GOBankingRates spoke with several real estate professionals about the main types of homes expected to soar in value at the end of next year. These are their predictions.
So many neighborhoods are starting to look the same, so historic or unique-looking homes may well see an increase in value in the next year and a half or so.
“I believe historic homes and unique homes that are not being built as new builds will see an increase in value over the coming year,” said Danny Johnson, real estate professional at We Buy Houses Cash Texas. “This is because there just aren’t as many and more people want them. There is…
