The latest numbers from the US Department of Housing and Urban Development (HUD) show that the average home value in the country increased by $10,000 during the first three months of 2017, but only by $2,000 compared to a year earlier.
The average price of a home is now around $1.8 million, while the median house price was $1,936, according to the HUD data.
The median price of homes in the US increased by a little over 1.6 percent in 2017.
According to the data, the average price per square foot of homes increased by 0.8 percent, while houses per square yard increased by 4.5 percent.
The average price in the nation is currently around $5,844 per square meter, which is a little more than $10 a square foot.
The housing market is also booming in other markets.
The housing sector is forecast to grow by 4 percent in the first quarter of 2021, with the national median home price expected to be $1 million.
That would make the US home market one of the biggest markets in the world, according the Real Estate Board of New York.