Are you thinking of selling your home? If so, hopefully, you live in one of these housing markets. The top seller’s markets in America right now are in the Northeast and Midwest. Kansas is hot right now, with several housing markets in a seller’s market. Some housing markets in upstate New York and California are also hot, experiencing very high buyer’s demand. Below are the top 10 seller’s markets in America right now, according to Realtor.com.
Top Seller’s Market in America
1. Rochester, NY
Rochester in Upstate New York is currently the country’s number one seller’s market. Bidding wars are the norm, and homes are selling for almost 10% over the asking price. The median home price in Rochester is still very affordable at $295,000.
If you’re a seller in Rochester, you’re in luck. You have the upper hand- there aren’t enough homes for sale and too many buyers, resulting in multiple offers for homes. Homes are selling very quickly, with a median of only 16 days on the market!
2. San Jose- Sunnyvale-Santa Clara, CA
The San Jose, Sunnyvale, and Santa Clara markets are currently the second hottest seller’s market in America right now. Despite the high median home price of $1,466,953, there’s a high demand for homes.
Homes are selling really fast, staying on the market for only about 21 days. This is because these areas are home to major tech hubs, making them desirable places to live.
Sellers are benefiting from a perfect storm of high-income buyers and a shortage of homes for sale, leading to bidding wars and homes selling for more than the asking price!
3. Manchester-Nashua, NH
The third hottest seller’s market in America right now is in New Hampshire, specifically in southern New Hampshire’s Manchester and Nashua housing markets. Homes are selling extremely fast, with a median of only 14 days on the market. The median home price is $577,450.
4. Kansas City, KS
Kansas City is currently the fourth hottest seller’s market in the US. It tops the list as the Midwest’s most active seller’s market. There is a very high demand for homes due to job opportunities, an affordable cost of living, and an attractive suburban lifestyle. The median home price is $422,000.
5. Topeka, KS
Topeka is another top seller’s market in Kansas. It has a median home price below the national average of $255,000.
Topeka has a lot going for it, with a great downtown area, plenty of job opportunities and being conveniently located just an hour away from the amenities of Kansas City. It’s an attractive place to live! And it shows, homes are selling quickly at a median of 32 days on the market.
6. Lancaster, PA
Lancaster is currently one of the hottest seller’s markets. The median home price is $423,725, and there are more buyers than available homes. Buyers are drawn to Lancaster’s downtown area and strong job market. Homes in Lancaster are selling quickly, with a median time on the market of 29 days.
7. San Francisco-Oakland, CA
If you are selling your house in the San Francisco and Oakland, CA area, you’re in luck. It’s one of the top seller’s markets in the country right now. Homes are selling at a high median price of $1,026,500. Despite the high median home price, homes are selling fast, with a median of 28 days on the market!
The San Francisco and Oakland areas are in high demand due to the tech jobs and universities there. Buyers looking for a more affordable option than San Francisco are buying homes in Oakland. It’s a very hot market right now!
8. Wichita, KS
Wichita is another hot housing market in Kansas right now. Sellers are enjoying multiple offers due to the high demand for homes in Wichita. This is driven by a strong job market, a vibrant downtown, and nice suburban neighborhoods. The median home price in Wichita is $324,900, and homes are selling in 41 days.
9. Hartford, CT
Hartford is one of the top seller’s markets in the country. Homes are selling quickly, staying on the market for an average of 30 days. The median home price is affordable at $406,125.
Buyers are attracted to living in Hartford because there are many job opportunities. Plus, it’s conveniently located near the ski resorts in the Berkshires and only a 1.5 hour drive to Boston. And it’s easy to travel—Bradley International Airport is right in town.
10. Syracuse, NY
Syracuse is another top seller’s market in Upstate New York. Bidding wars are the norm in Syracuse. Living there is affordable, with a median home price of $272,500.
The city attracts many buyers due to the job opportunities. It’s also a great place to live in, home to Syracuse University, it has a college town vibe (and college town prices!) Plus, there are plenty of recreational activities nearby, such as ski resorts and the Finger Lakes.
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