The real estate market is ever-changing, and as of May 2024, the hottest housing markets in America have seen significant shifts. Understanding where these markets are heating up can provide insights for potential buyers, sellers, and investors. Here, we delve into the top 20 hottest housing markets in the country as curated by Realtor.com, highlighting trends and factors driving demand in these areas.
Top 20 Hottest Housing Markets in America
1. Manchester, NH
Manchester offers a blend of urban amenities and scenic beauty, with a strong community feel and excellent schools. Its proximity to outdoor activities and a robust job market makes it an ideal place for families and professionals alike.
- Median Days on Market: 14
- Median List Price: $630,000
- Manchester leads the list with homes selling faster than anywhere else in the country.
2. Hartford, CT
Hartford is known for its historic charm and vibrant cultural scene, with numerous museums and theaters. The city’s diverse neighborhoods and strong educational institutions make it a desirable place to live.
- Median Days on Market: 16
- Median List Price: $447,000
- Hartford’s competitive market reflects its growing popularity among homebuyers.
3. Springfield, MA
Springfield boasts rich historical significance and family-friendly attractions like the Basketball Hall of Fame. Its affordable housing market and strong community spirit contribute to its high livability.
- Median Days on Market: 17
- Median List Price: $400,000
- Springfield sees a quick turnover in its housing inventory.
4. Concord, NH
Concord offers a picturesque setting with a strong sense of history and culture. The city is known for its excellent schools, safe neighborhoods, and access to outdoor recreational activities.
- Median Days on Market: 17
- Median List Price: $600,000
- Concord’s rising market is characterized by high demand and limited supply.
5. Rochester, NY
Rochester features a mix of cultural attractions, educational institutions, and affordable living. Its vibrant arts scene and numerous parks make it a great place for families and young professionals.
- Median Days on Market: 17
- Median List Price: $310,000
- Rochester’s affordability continues to attract buyers, keeping its market hot.
6. Rockford, IL
Rockford is known for its affordability, beautiful parks, and a thriving arts scene. The city offers a slower pace of life with all the amenities of a larger metropolitan area.
- Median Days on Market: 21
- Median List Price: $236,000
- Rockford remains an appealing option due to its lower price point.
7. Worcester, MA
Worcester combines urban living with suburban comforts, offering a range of dining, entertainment, and educational opportunities. Its central location in Massachusetts provides easy access to major cities.
- Median Days on Market: 19
- Median List Price: $545,000
- Worcester’s market shows a balance between demand and pricing.
8. Canton, OH
Canton offers a small-town feel with rich cultural history and affordable living. The city’s community events and low cost of living make it an attractive place for families and retirees.
- Median Days on Market: 21
- Median List Price: $270,000
- Canton’s market remains brisk with reasonably priced homes moving quickly.
9. Providence, RI
Providence is known for its vibrant arts scene, historic architecture, and waterfront views. The city’s diverse culinary scene and robust educational institutions add to its appeal.
- Median Days on Market: 19
- Median List Price: $586,000
- Providence benefits from a strong demand in a vibrant urban setting.
10. Akron, OH
Akron features affordable housing, a strong sense of community, and plenty of green spaces. Its revitalized downtown area and family-friendly activities make it a great place to settle.
- Median Days on Market: 23
- Median List Price: $252,000
- Akron’s market affordability and appeal continue to drive quick sales.
11. New Haven, CT
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New Haven offers a unique blend of Ivy League charm and urban vibrancy, with a rich cultural scene and excellent dining options. Its coastal location and historic neighborhoods enhance its livability.
- Median Days on Market: 24
- Median List Price: $427,000
12. Bridgeport, CT
Bridgeport combines urban living with seaside charm, offering beautiful parks, diverse communities, and a growing arts scene. Its waterfront attractions and commuter-friendly location add to its appeal.
- Median Days on Market: 22
- Median List Price: $1,065,000
13. Wausau, WI
Wausau is known for its outdoor recreational opportunities, including skiing and hiking. The city’s friendly atmosphere and affordable cost of living make it ideal for families and nature enthusiasts.
- Median Days on Market: 23
- Median List Price: $383,000
14. Springfield, IL
Springfield boasts rich historical significance as the home of Abraham Lincoln, with numerous museums and historic sites. Its friendly community and affordable housing make it a great place to live.
- Median Days on Market: 23
- Median List Price: $216,000
15. Columbus, OH
Columbus is a vibrant city with a thriving arts and entertainment scene, diverse neighborhoods, and strong job market. Its family-friendly atmosphere and excellent schools contribute to its high livability.
- Median Days on Market: 24
- Median List Price: $402,000
16. Lafayette, IN
Lafayette offers a blend of small-town charm and big-city amenities, with a strong sense of community and excellent educational institutions. Its affordable housing market makes it appealing for families and professionals.
- Median Days on Market: 24
- Median List Price: $399,000
17. Norwich, CT
Norwich combines historic charm with modern amenities, offering beautiful parks, a rich cultural scene, and a strong sense of community. Its coastal location and affordable living enhance its appeal.
- Median Days on Market: 28
- Median List Price: $542,000
18. Buffalo, NY
Buffalo is known for its rich history, vibrant arts scene, and affordable cost of living. The city’s revitalized waterfront and friendly neighborhoods make it a desirable place to live.
- Median Days on Market: 21
- Median List Price: $300,000
19. Reading, PA
Reading features a mix of urban and suburban living, with a strong arts and cultural scene. Its affordability and access to outdoor activities make it a great place for families and young professionals.
- Median Days on Market: 23
- Median List Price: $360,000
20. Oshkosh, WI
Oshkosh offers a blend of small-town charm and vibrant community events, with beautiful lakeside views and affordable living. Its friendly atmosphere and strong educational institutions enhance its livability.
- Median Days on Market: 30
- Median List Price: $400,000
The hottest housing markets in America as of May 2024 reflect a diverse range of regions and price points. From the fast-moving market in Manchester, NH, to the steadily popular Oshkosh, WI, these areas showcase the dynamic nature of real estate across the country. Whether you’re looking to buy, sell, or invest, staying informed about these trends can help you make more strategic decisions in the hottest housing markets in America.
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