The U.S. housing market remains competitive with limited supply, pushing typical home values to $371,757, up 1.1% year-over-year. Rising mortgage rates have slowed price growth, causing declines in some areas. In the Las Vegas-Henderson-Paradise metro, most cities saw 1-year home value decreases ranging from -0.1% to -5.9%, though a few experienced increases up to 7.3%. Five-year changes show significant gains, with some cities rising over 20%.