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Strongest Seller Markets: April 2024 Insights

Strongest Seller Markets: April 2024 Insights

multifamily housing market

Understanding the strongest seller markets is crucial for anyone in real estate. In April 2024, certain housing markets have demonstrated exceptional growth and demand. These markets are characterized by low inventory, high demand, and increasing home prices, making them prime areas for sellers.

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Top Housing Markets

In April 2024, low-priced locales continue to dominate the list of the strongest seller markets. These markets attract buyers with their affordability and amenities. For example, the median listing price in the top markets is significantly lower than the national average, making them appealing to budget-conscious buyers. These are the strongest housing markets for sellers, according to Realtor.com:

Top 10 Strongest Seller Markets

Rochester, NY

Rochester, NY - strongest seller markets
Rochester, NY
  • Median price: $295,000
  • Median days on market: 16
  • Number of listings: 727

Rochester offers affordable homes and a vibrant cultural scene. Its strong job market and educational institutions attract many buyers.

San Jose, CA

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San Jose, California
  • Median price: $1,466,953
  • Median days on market: 21
  • Number of listings: 1,109

San Jose boasts a booming tech industry and excellent weather. Its high median price reflects the strong demand in this area.

Manchester, NH

Manchester, NH
Manchester, NH
  • Median price: $577,450
  • Median days on market: 14
  • Number of listings: 251

Manchester features a mix of urban amenities and natural beauty. Its strong economy and affordable living make it a top choice.

Kansas City, KS

Kansas City, KS
Kansas City, KS
  • Median price: $422,000
  • Median days on market: 47
  • Number of listings: 3,989

Kansas City offers a rich cultural heritage and growing job opportunities. Its affordable housing market is highly attractive to buyers.

Topeka, KS

Topeka, KS
Topeka, KS
  • Median price: $255,000
  • Median days on market: 32
  • Number of listings: 242

Topeka provides a small-town feel with big-city amenities. Its low cost of living and strong community appeal to many families.

Lancaster, PA

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Lancaster, Pennsylvania
  • Median price: $423,725
  • Median days on market: 29
  • Number of listings: 374

Lancaster is known for its picturesque landscapes and rich history. The market benefits from a mix of urban and rural lifestyles.

San Francisco, CA

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San Francisco, California
  • Median price: $1,026,500
  • Median days on market: 28
  • Number of listings: 4,354

San Francisco’s unique culture and booming tech industry drive its housing demand. Despite high prices, its market remains competitive.

Wichita, KS

Wichita, KS
Wichita, KS
  • Median price: $324,900
  • Median days on market: 41
  • Number of listings: 1,112

Wichita offers a blend of urban and rural living with a strong job market. Its affordability makes it a top seller’s market.

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Hartford, CT

Hartford, CT - strongest seller markets (2)
Hartford, CT
  • Median price: $406,125
  • Median days on market: 30
  • Number of listings: 858

Hartford is known for its historical significance and educational institutions. Its strong job market attracts a steady stream of buyers.

Syracuse, NY

Syracuse, NY - strongest seller markets
Syracuse, NY
  • Median price: $272,500
  • Median days on market: 55
  • Number of listings: 514

Syracuse combines affordable living with rich cultural offerings. Its educational institutions and economic opportunities make it popular among buyers.

Rising Demand and Inventory Trends

Many of the strongest seller markets have seen rapid price growth due to high demand. Limited inventory has driven competition, pushing prices up. In these housing markets, homes sell quickly, often spending less time on the market than the national average. For instance, homes in the top 20 markets typically sell about two weeks faster than in other areas.

Economic Factors Supporting Market Strength

Strong mid-sized economies contribute to the appeal of these top markets. With lower unemployment rates and manageable commute times, these areas offer a balance of job opportunities and quality of life. Buyers are attracted to the combination of affordable prices and a robust local economy.

New Home Sales in March 2024 not enough homes in the US May 2024 mortgage ratesstrongest seller markets in the US
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The strongest seller markets in April 2024 offer a mix of affordability, amenities, and economic stability. These factors contribute to high demand and competitive pricing, making them ideal for sellers. Understanding these trends helps buyers and sellers make informed decisions in the dynamic real estate market.