How much did a new home cost in 1929?

In 1929, the average cost of a new home in the United States was approximately $6,000. This price varied based on location, size, and amenities, but it reflected the overall economic conditions of the time. The late 1920s were marked by a housing boom, fueled by increased urbanization and post-World War I economic growth. However, this period was soon followed by the Great Depression, which significantly impacted the housing market.