Condos appreciate over time much like other properties – based on factors like location and the state of the real estate market – but at a slightly lower rate than single-family homes. As of February 2022, the median sale price of condos in the U.S. was up 14.6% year over year, while single-family homes were up just slightly more, at 15.9%. Learn more about whether or not buying a condo is a good investment.