U.S. cities where homes sold fastest 2021 | Statista (2024)

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U.S. cities where homes sold fastest 2021 | Statista? ›

Cities where homes were sold most quickly in the U.S. 2020-2021, by number of days. Columbus, OH, Denver, CO, and Indianapolis, IN are the top three cities where homes were sold most quickly in the United States in September 2021.

This includes the three states where homes are selling the fastest: Washington, Nevada, and Arizona. As homes continue to sell faster than in years past, it's a good time to learn how to start investing in real estate.

Nashville was the hottest market, with an average listing time of 14 days. Seattle was the second fastest-moving, averaging 17 days. Omaha and Salt Lake City both averaged 18 days, and Cincinnati, Birmingham, Charlotte, Denver, Las Vegas, Manchester and San Francisco were also among the busiest.

The hottest housing markets include those markets in North Carolina, Colorado and Texas that were also popular during the pandemic, including Raleigh and Durham, Denver and Austin. Markets to watch that improved the most between November and December 2022 include Portland, Oregon, Richmond, Virginia, and St. Louis.

California metro areas are cooling off the most.

In these areas, homes are staying on the market longer relative to a year ago – nearly double the amount of time. Moreover, all three areas have seen over a 33% decrease in the number of houses sold monthly from August 2021 to August 2022.

The average number of homes sold was down 35.4% year over year, with 21,512 homes sold in January this year, compared to 33,252 homes sold in January last year. The median days on the market was 53 days, up 21 days year over year. In January 2023, there were 138,803 homes for sale in Florida, up 36.1% year over year.

Late spring — specifically, the month of May — is the best time to sell a house. Homes sold in May net a 12.6 percent seller premium (the amount above the home's market value), based on ATTOM's analysis of single-family home and condo sales over the past 10 years.

Where is the hottest housing market in the US? ›

A midsize town in Georgia about 75 minutes by car from Atlanta is the nation's hottest real estate market, as a tide of renters flee pricey cities in search of homes in more affordable places. That's the takeaway from a new Bankrate analysis of nearly 200 housing markets around the country.

The combination of record-fast home value growth to start the year and a record number of newly built homes increased the total market value of residential real estate in the U.S. in 2022, despite price drops to end the year. California remains untouchable on its perch as the most valuable housing market in the country ...

In the U.S., Miami was the city with the highest risk of a housing bubble and reported the highest house prices and rental growth of all the cities in the study. For the rest of the country, the Magic City was followed by Los Angeles, San Francisco, Boston, and New York.

The Bay Area has the worst performing housing market in the nation, according to a new report.

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The largest decrease in home prices will occur in Austin, where values are projected to slump 19% by late 2024 compared to late 2022, according to the note. Prices are expected to sink in Phoenix by 16%, San Francisco by 15% and Seattle by 12%.

Home prices in March saw the biggest annual drop since 2012 as pending home sales continue to abate, according to a new report. Last month, median U.S. home prices dropped — led by pandemic boomtowns and pricey Bay Area markets — by 3.3% to $400,528, according to real estate brokerage Redfin.

Farmington, N.M., has the fastest-rising housing costs in the United States, according to a new report from the National Association of Realtors (NAR) scanning home prices across the nation.

What is the fastest growing suburb in USA? ›

The Villages, FL metro area was the fastest-growing U.S. metro area between 2021 and 2022, increasing by 7.5%.

New Jersey, Illinois and California lead the nation with markets where properties are vulnerable amid a housing downturn and possible upcoming recession, according to a new report from real estate analytics company Attom.

In four cities in particular, supply levels are above pre-pandemic levels, the bank said, which will result in greater price declines than the national average. They include: Phoenix, Arizona; San Francisco, California; Seattle, Washington; and Austin, Texas.

Leading the nation with the largest drop from the 2022 peak is San Francisco, where home prices have fallen nearly 17%. Other cities with double-digit home-price declines from last year's peaks include Seattle, San Jose, and Phoenix.

By the fourth quarter of 2024, the firm expects home prices to fall 19% in Austin, 16% in Phoenix, 15% in San Francisco, and 12% in Seattle.

Florida has excellent weather, moderate-to-warm temperatures year-round, and sees a seasonal rush in late fall and early winter. December typically outpaces all other months as Florida's best-selling month. Listing in November means a home will spend the fewest days on the market (DOM) before selling.

Where are the hottest real estate markets in Florida? The three most expensive markets in Florida to buy a house at the end of 2022 were Sarasota, Miami and Fort Lauderdale, according to the Council for Community and Economic Research's Cost of Living Index.

Thousands of sellers have been in the exact position you are in right now and the first question they always have is: “Will this house sell for less because it is empty.” The short answer is yes, empty houses do take longer to sell than furnished, occupied or staged homes.

Thursday is generally thought to be the best day of the week to list a house for sale. Studies show that homes listed on Thursdays are more likely to sell faster, and for a higher price.

What day do most houses go on sale? ›

Thursday is the most popular day for agents to debut new listings, and homes listed on that day apparently sell fastest, according to Redfin, a real estate brokerage.

Green Bay, Wisconsin. Among northern U.S. metro areas that offer a low cost of living, Green Bay might be the best option for you, as it's the No. 1 Best Place to Live in the U.S. in 2023-2024. Green Bay residents spend just 19.92% of the area's median household income on housing costs.

In 2023, the national annual median price for homes for sale is projected to rise by another 5.4%, which is less than half the pace seen in 2022. Even if a homeowner decides to sell their home, they will likely have a lot of equity in it.

Markets in Georgia, Tennessee, Florida and North Carolina are the strongest for sellers. Home values are decreasing across much of the U.S., but there has been little change in the Southeast. Other factors important to homeowners are appreciation, job growth, local population growth and unemployment rates.

The most expensive city in the U.S. in terms of housing costs is San Jose, California. It combined the highest monthly housing costs in our study with the second-highest home values, but San Francisco wasn't far behind.

The combination of record-fast home value growth to start the year and a record number of newly built homes increased the total market value of residential real estate in the U.S. in 2022, despite price drops to end the year. California remains untouchable on its perch as the most valuable housing market in the country ...

1. Mississippi. Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. It also has the lowest average housing costs in the nation at 33.7% below the national average.

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California currently has the largest deficit of homes at 980,000.

What states have the biggest housing shortages? ›

Chicago, Illinois, Houston, Texas, Dallas, Texas and Washington, DC follow, where the affordable housing shortage exceeds 150,000 rental units. The gap between affordable housing supply and demand is slimmer in Louisville, Kentucky, short by 15,300 rental units, and Buffalo, New York, short by 17,300 units.

There are between 1.5 million and 6 million fewer homes in the U.S. than there are households ready to occupy them. The proximate cause of this mismatch isn't hard to discern: Over the past ten years, the number of housing units per 1,000 people in the U.S. has actually fallen.

As a result, there is a sizable shortage of new homes after more than a decade of under-building relative to population growth, according to a new analysis from Realtor.com released Wednesday. The gap between single-family home constructions and household formations grew to 6.5 million homes between 2012 and 2022.

The United States subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007–2008 global financial crisis. The crisis led to a severe economic recession, with millions of people losing their jobs and many businesses going bankrupt.

Among the most expensive cities that saw prices falling are Anaheim, California, with the median price of $1,132,000, down 1.6% from a year ago; Los Angeles, with the median price of $829,100, down 1.3%; and Boulder, Colorado, with the median price of $759,500, down 2.0%.

The hottest housing markets include those markets in North Carolina, Colorado and Texas that were also popular during the pandemic, including Raleigh and Durham, Denver and Austin. Markets to watch that improved the most between November and December 2022 include Portland, Oregon, Richmond, Virginia, and St.

Texas replaced California in 2023 as the strongest housing market by state. With an existing home inventory of 83,222, the available houses for sale have more than doubled since last year. It has seen a drop of about 6% in new construction and is now at 248,648 since 2022.

1. Hawaii. Hawaii is known for its beautiful beaches, warm climate, and breathtaking scenery. However, it is also the most expensive state to buy a house, with a Zillow Home Value Index of $834,582.

What is the hottest real estate in the USA? ›

That's the takeaway from a new Bankrate analysis of nearly 200 housing markets around the country. The personal finance website ranked the top most attractive and active housing markets and found that Gainesville, Georgia, was No. 1.

According to worldpopulationreview.com, Hawaii is the most expensive state to live in, with its housing costing three times the national average. New York and California rank as the second and third most expensive states in which to live, respectively.

1. Hawaii. Hawaii residents enjoy the lowest property tax rate in the U.S. However, the high cost of living and limited housing opportunities make it a very expensive place to live.

Hawaii is the state with the highest cost of living in the US, with a cost of living index of 184. This is due to its isolated location and the high demand for housing, food, and energy.

1. Waco, Texas. Waco, population 135,858, is the best city for the real estate investor to buy a house in Texas, according to our study. This top spot is unsurprising to anyone familiar with Chip and Joanna Gaines, their company Magnolia, and its outsize influence on Waco and central Texas.

Green Bay, Wisconsin. Among northern U.S. metro areas that offer a low cost of living, Green Bay might be the best option for you, as it's the No. 1 Best Place to Live in the U.S. in 2023-2024. Green Bay residents spend just 19.92% of the area's median household income on housing costs.

At the state level, Oklahoma, Iowa, and Alaska have the most stable housing markets, as measured by the probability that a buyer purchasing a home at any point between 2000 and present would have experienced a greater-than-5% price drop following the purchase.

What type of real estate has the highest return? ›

Commercial real estate is known to yield higher returns than residential real estate. If you can afford to manage a commercial space, it can prove lucrative over time, depending on your area. The value of commercial real estate is determined in part by how much revenue it generates.