Home Price History in Washington

Washington's FHFA all-transactions House Price Index runs from 1975 through 2025. The state-level HPI, rebased to 100 in 2000, stood at 338.6 at the latest reading. Cumulative nominal appreciation since 2000: +238.6%.

The 2007–2011 housing crisis cut the Washington HPI by 25.5% peak-to-trough — from 175.9 in 2007 to 131.0 in 2012. The U.S. national HPI fell roughly 21% over the same window, so Washington's drawdown was more severe than the national average.

The pandemic-era surge brought Washington's HPI from 223.9 in 2019 to 338.6 in 2025 — a +51.2% cumulative gain in 6 years, running above the national pace.

Washington sits in the West census region of the United States. Long-run state-level home-price appreciation reflects regional employment patterns, in-migration flows, and supply constraints. State-level FHFA series can mask significant intra-state divergence — see the linked metro pages below for sub-state breakdowns where available.

Metros in Washington covered by The Housing Almanac:

• Seattle (national rank #15)
• Spokane (national rank #84)

For the U.S. national context, see the national median price history or browse all 50 states.

Annual data — Washington

FHFA House Price Index, 2000=100. Annual data; not seasonally adjusted. Source: U.S. Federal Housing Finance Agency.

Methodology

The FHFA House Price Index is a weighted, repeat-sales index that measures average price changes in repeat sales or refinancings on the same single-family properties. The all-transactions index incorporates both purchase mortgages and refinance appraisals; the index is calibrated to the West census region and rebased to 100 in the year 2000.