You’ve seen the headlines: home prices have been on the rise. But have you ever stopped to think about what that actually means for your home?
If selling has been on your mind, you might be in for a bigger payday than expected. Let’s break it down.
A Historic Surge in Home Prices
Typically, home values increase by about 2-5% per year. But the past five years? That’s been a whole different story. In 2021-2022, prices shot up by double digits—some areas saw jumps of 20% or more! The reason? Demand went through the roof while inventory stayed tight, sending prices soaring.
Even though the market has settled a bit, those massive gains haven’t disappeared. That means your home is likely worth way more than it was just a few years ago.
In fact, home prices nationally have climbed nearly 60% in just the past five years. Think about that—if you’ve owned your home for a while, you’re sitting on some serious equity. And if you’ve been in your home for even longer, those gains just keep stacking.
What Does That Mean for You?
If you’ve been hesitant about selling because of today’s mortgage rates or home prices, take a closer look at your home’s appreciation. The equity you’ve built may be enough to help bridge the affordability gap and get you into your next home comfortably.
And let’s not forget—if you’ve made any updates or renovations, your home could be worth even more than market appreciation alone.
How Much Is Your Home Worth?
National stats are great, but real estate is all about location, location, location. And that’s where we come in.
At Blue Marlin Real Estate, we specialize in the Space Coast market. We know the neighborhoods, the trends, and exactly what buyers are willing to pay right now. If you want to find out what your home is really worth—not just a ballpark estimate—let’s talk.
Bottom Line?
Home values have climbed—probably more than you expected. Curious what that means for your home’s price tag? Let’s connect and find out.
