The 10 States Where House Prices are Rising in 2026 – Michigan Outpaces Illinois and Minnesota as House Prices Rise in Q1

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Article courtesy of CabinetSelect.

• Rhode Island tops the ranking, with house prices up $18,133 in a year, and more than $55,000 higher than in 2024.
• Arkansas and Delaware follow, both posting five-figure gains, with steady growth across both years.
• Hawaii sees the biggest drop, with prices down $46,792, while homes there are taking much longer to sell.

House prices across the U.S. are starting to move in different directions, with some states still seeing steady growth while others are beginning to cool.

A new study by CabinetSelect, using Realtor data, looked at how median listing prices have changed across all 50 states in Q1 2026 compared to the same period in 2025. The analysis also looks at how prices compare to Q1 2024, alongside how long homes are taking to sell.

Michigan findings

House prices in Michigan are holding firm despite a wider U.S. slowdown, with the state ranking 11th nationwide for growth in Q1 2026. The typical home is worth $4,518 more than a year ago and over $7,300 more than in Q1 2024, highlighting a pattern of consistent, if modest, gains.

Properties are taking longer to sell, with days on market up by nearly 10 days over two years, pointing to a market that is cooling slightly but not reversing.

Compared to nearby states, Michigan is outperforming: Illinois and Minnesota are both seeing prices fall, while Indiana is growing at a similar but slightly slower pace, underlining Michigan’s relative strength in the region.

The 10 states where house prices have increased the most

Rhode Island comes out on top, with prices up $18,133 year-on-year, the largest increase in the country. It also has the biggest two-year gain in the top ten, at over $55,000, putting it well ahead of the rest of the ranking. Homes are taking longer to sell, with days on market rising by over 10 days compared to last year.

Arkansas follows with a $13,483 increase. The gap to Rhode Island is already significant, and its two-year growth is much smaller, at just over $10,000. It also has one of the longest selling times in the top ten, at more than 75 days on average.

Next is Delaware, with prices up $10,312 year-on-year. Its one-year and two-year increases are relatively close, making it one of the more balanced growth profiles in the ranking. Selling times have increased only slightly, staying close to last year’s level.

Ohio places fourth, with a $8,750 increase compared to last year. It stands out for having one of the largest two-year gains, at more than $16,000, second only to Rhode Island. Homes are taking around eight days longer to sell than they were in 2024.

In fifth place is Washington, where prices jumped $8,609 year-on-year. Curiously, its two-year change is just $604, by far the smallest in the top ten.

Virginia ranks sixth, with prices up $7,858 compared to last year. Its two-year gain of over $12,000 places it in the middle of the group for longer-term growth. It also has one of the shortest selling times in the top ten, at just under 50 days.

Alabama comes seventh, with a $7,683 increase. It is the only state in the top ten where selling times have actually fallen compared to 2025, dropping by four days. That makes it stand out from the wider trend of slowing sales.

Missouri places eighth, with prices up $5,017 year-on-year. Both its one-year and two-year increases are among the smallest in the top ten, while selling times are slightly higher now than it was in both previous years.

Indiana ranks ninth, with a $4,941 increase compared to last year. Its two-year change is almost identical, at $4,617, showing very consistent but limited growth. Homes are taking around seven days longer to sell than in 2024.

Kansas rounds out the top ten, with prices up $4,612 year-on-year. It is the only state in this group where prices are still below 2024 levels, down by more than $15,000. Selling times have fallen slightly compared to last year, against the overall trend.

The 10 states where house prices have fallen the most

Hawaii sits at the bottom of the ranking, with prices down $46,792 year-on-year, the largest drop in the country. It also has by far the biggest two-year decline, at nearly $100,000, almost double the next largest fall. Homes are taking much longer to sell, with days on market up by over 17 days since 2024.

Massachusetts follows, with prices down $35,233 compared to last year. Its two-year decline is also significant, at over $54,000, second only to Hawaii. Despite this, selling times remain relatively low at just over 50 days.

Wyoming ranks third, with prices falling $24,525 year-on-year. The two-year drop is much smaller, at just over $9,000, making it one of the least severe longer-term declines in the bottom ten. Selling times have barely changed across the period.

Maine places fourth, with prices down $21,152 compared to last year. It is one of the few states in this group where prices are still higher than in 2024, up by around $4,700. However, it has the longest selling time in the ranking, at 97 days.

Oregon comes fifth, with prices down $15,733 year-on-year. Its two-year decline is smaller, at just over $10,000, placing it in the middle of the group. Selling times are higher than in 2024, although slightly lower than in 2025.

Arizona ranks sixth, with a $15,470 drop compared to last year. It also has one of the larger two-year declines, at more than $28,000. Homes are taking around 10 days longer to sell than they were in 2024.

California places seventh, with prices down $12,949 year-on-year. Its two-year drop is larger, at over $17,000, showing a more sustained decline. Selling times remain among the lowest in the bottom ten.

Utah ranks eighth, with prices down $12,915 compared to last year. The two-year decline is almost double that, at over $24,000. Selling times have increased slightly but remain close to previous levels.

New Jersey comes ninth, with prices down $12,167 year-on-year. Its two-year decline is much smaller, at under $6,000, making it one of the mildest longer-term drops in the group. It also has the shortest selling time in the bottom ten.

Florida rounds out the list, with prices down $11,333 compared to last year, while its two-year drop is one of the largest, at nearly $33,000. Selling times have increased by over 15 days since 2024, one of the biggest jumps in the ranking.

Chris Alexakis, co-founder of CabinetSelect, commented on the findings: “What stands out here isn’t just that prices are rising or falling, it’s how uneven that movement has become across the country.

“In places like Rhode Island and Ohio, prices have continued to climb over both the past year and the past two years, which points to steady demand rather than a short-term spike. But in markets like Washington, the growth is much more recent, with very little change compared to 2024.

“On the other side, states like Hawaii and Massachusetts show what happens when that demand starts to ease at the top end. Prices have fallen sharply, but in some cases homes are still selling relatively quickly, which suggests the market is adjusting rather than stalling.

“What’s also clear is that more affordable states are holding up better. Even where price increases are smaller, demand is still there, and in some cases homes are selling faster than they were a year ago. That contrast is what’s really shaping the market right now.”

Methodology:

CabinetSelect analyzed housing market data from Realtor, comparing median listing prices and median days on market across all 50 U.S. states.

The analysis focused on Q1 2026 and compared results against Q1 2025 and Q1 2024 to identify both short-term and longer-term trends.

Year-on-year percentage changes were calculated using median listing prices, while days on market figures were used to assess how quickly properties are selling and how buyer demand has shifted over time.

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