You Can Buy Houses With Bitcoin Now Heres How Much It Would Take

Dated: 01/24/2018

Views: 100


By Chris Morris January 15, 2018

Despite warnings of a bubble and massively fluctuating values, bitcoin continues to fascinate investors and new industries. And now the housing industry is starting to dip its toes into the water.

One Miami condo seller is only accepting Bitcoin offers, while online real estate brokers say several other listings are willing to accept bitcoin as a payment option. (A residential/commercial property in the Isle of Man is also accepting the digital currency.)

But how many bitcoin does it take to actually buy a house? The national median home price in November 2017 was $248,000. Using the midday price of bitcoin (as reflected on CoinDesk) on Jan. 15, that works out to 17.65 bitcoin.

National averages aren’t a lot of good in some areas, though. We gathered median prices for November 2017 in a number of states and cities to find out how much home your Bitcoin would buy.

Home bitcoin values by city

San Francisco – $1.588 million (per Paragon Real Estate Group) / 113 bitcoin

Seattle – $725,000 / 51.6 bitcoin

Los Angeles – $583,000 / 41.5 bitcoin

Washington, D.C. – $550,000 / 39 bitcoin

Phoenix, AZ – $243,000 / 17.3 bitcoin

Home bitcoin values by state

Connecticut – $247,500 / 17.6 bitcoin

Florida – $240,000 / 17 bitcoin

Illinois – $185,000 / 13 bitcoin

Iowa – $153,250 / 11 bitcoin

Kansas – $200,451 / 14.3 bitcoin

Maine – $200,000 / 14.2 bitcoin

Massachusetts – $384,000 / 27.3 bitcoin

Michigan – $182,761 / 13 bitcoin

Missouri – $190,050 / 13.5 bitcoin

New Jersey – $300,000 / 21.4 bitcoin

New York– $254,000 / 18 bitcoin

Ohio – $174,689 / 12.4 bitcoin

Texas – $213,396 / 15.2 bitcoin

Utah – $277,000 / 19.7 bitcoin

Vermont – $221,000 / 15.7 bitcoin

Virginia – $270,000 / 19.2 bitcoin

Washington – $363,200 / 26 bitcoin

Latest Blog Posts

Psst ... Here's How to Sell Your Home Before It Officially Hits the Market

Want to know the secret to drumming up buyers for your home before it officially hits the market? While most home sellers don their home-selling hats after their real estate listing goes

Read More

Beat the Crowds! How to Buy a House Before It Officially Hits the Market

Buying a home is a lot like running a race: Once a listing goes live, buyers have to sprint off the starting block before throngs of other buyers start bidding. Talk about stressful!What

Read More

Why 5 Percent Mortgage Rates Are Not A Threat

June 19, 2018Mortgage rates are on the rise. Could that derail sales? According to First American’s Potential Home Sales model, even if the 30-year fixed-rate mortgage rose to 5 percent, the

Read More

Housing Boom Is Back But Without The Bubble

America’s housing market is booming with home prices nationwide now back to where they were a decade ago, just before the financial crisis.But that rise in prices does not mean we’re about to

Read More