Zillow January 2021 Market Report

Annual growth in home values was faster in January than at any point since the years preceding the 2008 Great Recession — a sign that the red-hot housing market of 2020 did not lose any heat as the calendar turned to 2021. The U.S. Zillow Home Value Index (ZHVI) rose to $269,039 in January, up 1.1% from December and matching December’s all-time record for monthly growth dating to 1996. The typical U.S. home was worth 9.1% more in January 2021 than it was in January 2020, the fastest annual pace recorded by ZHVI since June 2006 and surpassing December 2013 (8.5%) for the fastest pace recorded in the post-Great Recession era.