What is the cost of a new home in 1970-1979?

In the 1970s, the average cost of a new home in the United States varied significantly over the decade. In 1970, the average price was around $23,000, while by 1979, it had risen to approximately $62,000. This increase reflected inflation and changing economic conditions, including rising interest rates and shifts in housing demand. Overall, the 1970s saw a substantial appreciation in home prices compared to the previous decade.