My typical residential house price formula,

((total cost of all materials only) * 2.25) * (1+( % increase of money supply since the average date of construction)) = Pre monetization sale price at current date.

Premium normally given to entry level housing. Often you will receive three or four times the house if you double your purchase price.

Short term, other than highly monetized regions, Most markets are barely keeping up with inflation, at the same time wages fall far behind. House prices are not going up you are earning less value.

Long term, productivity gains will reduce cost of materials and the 2.25 multiplier. At the same time bitcoin absorbs the regional monetization premiums. This will be in real terms only because the state must inflate or default.