In September 2025, the median house price across 337 prefecture-level and above cities in China was fixed at 950,000 RMB/unit—this is a "filter-free" figure cleaned from nearly 30 million residential units currently on sale.
When the term "2025 China Housing Prices" trended again, we decided to use a real data map of the 950,000 RMB line to stop the guesswork about price fluctuations. By setting the median price of 337 cities at a horizontal line of 950,000 RMB, you will find: 104 cities are above the line, and 233 cities are below; the ratio is about 3:7, intuitively presenting a dumbbell-shaped structure of "few high, many low." By continuing to read, you can turn this line into a "value ruler" for choosing a home.
Original samples were drawn from three major pools: official online registration, market listings, and rental filings, totaling 29.87 million valid listings. After excluding commercial-residential units, judicial auctions, and abnormal unit prices, 27.14 million units remained for median price calculation. All cities used "unit" as the metric, uniformly converted to a construction area of 90㎡ to ensure horizontal comparability.
The median price is not a simple middle value; it employs a dual algorithm of "city-specific kernel density + national weighting," with an error margin of ±2.3%. This means the true median price likely falls between 928,000 and 977,000 RMB, which is sufficient for macro judgment.
Splitting the 950,000 RMB line into three segments: >1.2 million "High Line Zone," 950,000 ± 15% "Core Line Zone,"
Visual description: First-tier city boxes float above 2.6 million; second-tier cities' upper edges are capped at 1.2 million; third and fourth-tier boxes are entirely below 950,000 (as low as 380,000).
Official reference price is 130,000/㎡, while the actual median listing price is 128,000/㎡. In Shenzhen, 950,000 RMB can only buy 7.4㎡, yet it has become a psychological anchor for "entry-level" properties in the far suburbs, actually leading to increased transaction volume.
Median price is 870,000, with a clearance period of only 5.8 months. Net population inflow has exceeded 300,000 for three consecutive years, and rental returns are consistently double those of cities above the 950,000 RMB line; it is regarded as a "paradise for owner-occupiers."
Once peaked at 21,000/㎡, it is now moving sideways near the 950,000 RMB line, a drop of 55%. Inventory clearance requires 28 months, and investors have all exited.
Median price retreated from 1.02 million to 910,000. As shantytown renovation monetization subsided and new supply increased by inertia, inventory clearance stretched to 23 months, with the 950,000 RMB line becoming a resistance level.
Median price is 780,000, rising 6.2% year-on-year against the trend. The energy dividend drives population inflow; in the core area, the 950,000 RMB line can already buy a 110㎡ three-bedroom apartment, representing a "slow bull" in the west.