The housing markets in some parts of the country are incredibly hot right now. Sellers are in the driver’s seat, and homes are being snapped up at a lightning-fast pace. Some of these markets are so hot that homes are selling in as little as 6 days! To make matters worse for buyers, there are not enough homes available for sale due to the tight housing inventory. The West Coast and Northeast metro areas are leading the pack in terms of the hottest housing markets right now. I conducted an analysis of the most recent March 2024 housing market data of the top metro areas, based on this, I compiled a list of the top housing markets in the country.
The Hottest Housing Markets in the US Right Now
Seattle is the hottest market in the country right now where homes are flying, selling as fast as 6 days. Inventory there is so tight that there is only a 1 month supply of homes and bidding wars are the norm.
Two California metro areas came in next, Sacramento and San Diego. Both housing markets are hot right now where homes are selling in 15 days. Denver comes in next where homes are selling in just 16 days.
Another California metro area, San Francisco comes in 5th place taking only 17 days to sell a house there despite the high median home price of over $1.5 million, and bidding wars are the norm.
1. Seattle, WA metro area
- Months of Supply: 1
- Days on Market: 6
- Median Sale Price: $830,000
- Average Sale To List: 102.10%
Homes in Seattle are selling like hotcakes—it takes only 6 days to sell a house in Seattle! That’s because there aren’t enough homes for sale. Seattle’s housing market remains exceptionally tight, with only a one month supply of homes available.
The median sale price for homes in Seattle stands at $830,000. Bidding wars are the norm in Seattle, where homes are selling 2.1% over the asking price.
2. Sacramento, CA metro area
- Months of Supply: 1.7
- Days on Market: 15
- Median Sale Price: $578,000
- Average Sale To List: 100.20%
Homes are selling fast in Sacramento- typically spending around 15 days on the market before being sold. Sacramento is in a seller’s market with a very tight supply of homes, only 1.7 months of supply.
The median sale price in Sacramento is $578,000 and on average, homes sell very close to their listed prices, with an average sale-to-list percentage of 100.20%.
3. San Diego, CA metro area
- Months of Supply: 1.4
- Days on Market: 15
- Median Sale Price: $899,990
- Average Sale To List: 100.60%
San Diego is deep in a seller’s market, where homes are selling fast in just 15 days! The San Diego housing market is super competitive, and the supply is tight, standing at 1.4 months.
The median sale price is $899,990, and on average, homes sell close to their listed prices, with an average sale-to-list percentage of 100.60%.
4. Denver, CO metro area
- Months of Supply: 1.6
- Days on Market: 16
- Median Sale Price: $590,415
- Average Sale To List: 99.80%
Denver’s homes are selling fast, taking an average of 16 days to sell. Denver is in a seller’s market with a 1.6-month supply of homes.
The median sale price in Denver is $590,415. On average, homes sell slightly below their listed prices, with an average sale to list percentage of 99.80%.
5. San Francisco, CA metro area
- Months of Supply: 2.1
- Days on Market: 17
- Median Sale Price: $1,550,000
- Average Sale To List: 104.80%
The San Francisco metro area continues to be in a seller’s market with only 2.1 months of supply of homes. Despite having one of the most expensive housing markets in the country, San Francisco homes are selling very fast, typically spending just 17 days on the market before being sold.
The median sale price in San Francisco is $1,550,000. And bidding war is the norm there, where homes sell 4.8% above their listed prices.
6. Boston, MA metro area
- Months of Supply: 1.7
- Days on Market: 20
- Median Sale Price: $710,000
- Average Sale To List: 101.70%
Boston’s housing market is hot. Homes are selling fast, typically spending only 20 days on the market before being sold.
It’s deep in a seller’s market, with only 1.7 months of supply of homes. The median sale price in Boston is $710,000. Demand is high, so homes sell slightly above their listed prices, with an average sale-to-list percentage of 101.70%.
7. Baltimore, MD metro area
- Months of Supply: 1.7
- Days on Market: 23
- Median Sale Price: $360,000
- Average Sale To List: 100.70%
Homes are flying in the Baltimore metro area, where it only takes 23 days to sell a house. Baltimore is deep in a seller’s market with only 1.7 months of supply of homes. The median sale price is relatively affordable at $360,000. On average, homes sell close to their listed prices, with an average sale-to-list percentage of 100.70%.
8. Detroit, MI metro area
- Months of Supply: 2.3
- Days on Market: 23
- Median Sale Price: $176,000
- Average Sale To List: 98.40%
Detroit is in a seller’s market, and homes are selling fast, taking only 23 days to sell. Housing inventory is tight, with only 2.3 months of supply.
The median sale price in Detroit is $176,000. On average, homes sell slightly below their listed prices, with an average sale-to-list percentage of 98.40%.
9. Cincinnati, OH metro area
- Months of Supply: 1.8
- Days on Market: 24
- Median Sale Price: $280,000
- Average Sale To List: 99.50%
Cincinnati is also in a seller’s market, where homes are selling fast, typically spending only 24 days on the market before being sold. It’s facing a tight housing inventory, with only 1.8 months of supply of homes.
The median sale price in Cincinnati is $280,000, and on average, homes sell close to their listed prices, with an average sale-to-list percentage of 99.50%.
10. Portland, OR metro area
- Months of Supply: 1.8
- Days on Market: 25
- Median Sale Price: $540,000
- Average Sale To List: 99.70%
Portland is in a seller’s market with a very tight housing inventory of 1.8 months of supply of homes. Homes in Portland are selling fast, typically spending around 25 days on the market before being sold.
The median sale price is $540,000 and on average, homes sell close to their listed prices, with an average sale-to-list percentage of 99.70%.
11. Flagstaff, AZ metro area
- Months of Supply: 2.8
- Days on Market: 26
- Median Sale Price: $630,000
- Average Sale To List: 98.50%
Homes in Flagstaff are selling fast, taking only 26 days on the market. It’s a seller’s market there where there is a tight housing inventory with only 2.8 months of supply of homes. The median sale price in Flagstaff is $630,000, and homes sell slightly below their listed prices, with an average sale-to-list percentage of 98.50%.
12. Newark, NJ metro area
- Months of Supply: 2.1
- Days on Market: 26
- Median Sale Price: $535,000
- Average Sale To List: 103.60%
Newark is in a seller’s market where bidding wars are the norm. On average, homes sell 3.6% above their listed prices. The median sale price in Newark is $535,000 and it only takes 26 days to sell a house in Newark.
13. Anaheim, CA metro area
- Months of Supply: 1.5
- Days on Market: 28
- Median Sale Price: $1,155,000
- Average Sale To List: 101.30%
Anaheim’s housing market is going strong. Sellers have the upper hand with a tight supply, standing at 1.5 months of supply of homes. Homes in the area typically spend 28 days on the market before being sold.
The median sale price is notably high at $1,155,000. But despite the high home prices, bidding wars are happening, and on average, homes sell slightly above their listed prices, with an average sale-to-list percentage of 101.30%.
14. Minneapolis, MN metro area
- Months of Supply: 1.9
- Days on Market: 28
- Median Sale Price: $368,000
- Average Sale To List: 99.90%
The Minneapolis housing market is solidly a seller’s market with a tight inventory of 1.9 months of supply of homes. Homes in Minneapolis typically spend around 28 days on the market before being sold.
The median sale price stands at $368,000, and on average, homes sell close to their listed prices, with an average sale-to-list percentage of 99.90%.
15. Hartford, CT metro area
- Months of Supply: 1.4
- Days on Market: 29
- Median Sale Price: $340,000
- Average Sale To List: 104.00%
Hartford is in a seller’s market with a tight housing supply—only 1.4 months. Homes typically spend around 29 days on the market before being sold. Bidding wars are the norm, where homes sell 4% above their listed prices. The median sale price in Hartford is $340,000, making it one of the more affordable metro areas in the Northeast.
16. Wilmington, DE metro area
- Months of Supply: 1.7
- Days on Market: 30
- Median Sale Price: $330,000
- Average Sale To List: 99.20%
In the Wilmington metro area, homes typically spend around 30 days on the market before being sold. Wilmington is a seller’s market with only a 1.7 month supply of homes.
The median sale price is $330,000, and homes sell close to their listed prices, with an average sale-to-list percentage of 99.20%.
17. Atlanta, GA metro area
- Months of Supply: 2.4
- Days on Market: 36
- Median Sale Price: $395,000
- Average Sale To List: 98.70%
Atlanta is in a seller’s market, with a tight supply of homes, which is 2.4 months. It typically takes around 36 days to sell a house in Atlanta.
The median sale price stands at $395,000, and homes sell slightly below their listed prices, with an average sale-to-list percentage of 98.70%.
18. Los Angeles, CA metro area
- Months of Supply: 2.5
- Days on Market: 37
- Median Sale Price: $878,000
- Average Sale To List: 100.90%
The Los Angeles housing market remains in a seller’s market with a tight 2.5 months of supply. Homes typically spend around 37 days on the market before being sold.
The median sale price is relatively high, at $878,000. On average, homes sell close to their listed prices, with an average sale-to-list percentage of 100.90%.
19. Dallas, TX metro area
- Months of Supply: 2.8
- Days on Market: 38
- Median Sale Price: $425,000
- Average Sale To List: 98.10%
Dallas is in a seller’s market right now. The supply of homes is tight, with only 2.8 months supply. Homes in the area typically spend around 38 days on the market before being sold.
The median sale price stands at $425,000 and on average, homes sell slightly below their listed prices, with an average sale-to-list percentage of 98.10%.
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