Housing Price Index in Mexico – Q3 2025: What Does the Market Really Say?
SHF Housing Price Index – Q3 2025: what is really happening in Mexico’s housing market?
Buying or selling a property without understanding price trends is, quite simply, doing it blind. That is exactly why the SHF Housing Price Index exists: to provide a clear, official snapshot of what is really happening in Mexico’s real estate market.
The report for the third quarter of 2025 confirms what many people are already seeing on the ground. Housing prices continue to rise, although not evenly across the country. As always, context matters more than a single headline number.
What is the SHF Housing Price Index?
The SHF Housing Price Index is published by the :contentReference[oaicite:0]{index=0} and measures price variations of homes purchased through mortgage financing. It is based on real transactions, not listing prices or speculative estimates.
This makes it one of the most reliable indicators for analyzing real estate trends, whether you are planning to buy or considering selling a property.
Overall results for Q3 2025
Between July and September 2025, housing prices in Mexico increased by 8.9 percent compared to the same quarter in 2024. This represents solid, consistent growth that aligns with the broader trend observed in recent years.
The data confirms that real estate in Mexico continues to function as a store of value, particularly in inflationary environments.
Average price vs median price
During the first nine months of 2025, the national average home price reached approximately 1,863,000 pesos. The median price, which marks the midpoint of the market, stood at around 1,201,000 pesos.
The gap between these figures highlights the weight of higher-end segments, especially in fast-growing and high-demand markets such as Playa del Carmen, Tulum and Mérida.
Performance by state
While the national increase was 8.9 percent, several states significantly outperformed the average.
Quintana Roo ranked among the top performers, with growth close to 14 percent. This mirrors what is happening in investment-driven and tourism-focused markets across the Yucatán Peninsula.
States such as Yucatán, Baja California Sur and Nayarit also exceeded the national average, reinforcing the idea that location remains the main driver of long-term appreciation.
New homes vs resale properties
New homes recorded price growth of approximately 8.4 percent, while resale properties showed a slightly higher increase of about 8.7 percent.
This challenges the assumption that only new developments appreciate. Well-located resale properties in consolidated neighborhoods continue to perform just as well, if not better, in many cases.
What does this mean for buyers?
For buyers, the index clearly shows that prices are not correcting downward. Delaying a purchase without a clear strategy often results in paying more later.
In many cases, buying well today can be more advantageous than waiting for a price drop that current data does not support.
And for sellers?
For property owners, the current environment is favorable. Annual growth close to 9 percent supports stronger pricing strategies, as long as values are properly justified.
While the index does not replace a professional valuation, it does reinforce positive market expectations.
Conclusion
The SHF Housing Price Index for Q3 2025 confirms that Mexico’s real estate market remains resilient and steadily growing. This is not speculative growth, but sustained appreciation.
Buyers and sellers who understand these numbers make better decisions. Those who ignore them usually pay the price.
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