Here are some of the hottest real estate markets, ranked by the average number of days that listings remained on the market. Buyers in these locations need to move quickly when submitting an offer.
Housing Market Reports
See What's Really Going On In Your Housing Market
Search by city, zip code or neighborhood for key insights and clear takeaways.
What are local market conditions?
How are home prices trending?
How fast are homes selling?
Images and numeric data shown are for example purposes only. Individual result will vary.
Featured Housing Market Reports August 2023
CHICAGO, IL
- Median Sold Price
- $337.8K
- Avg. Sale Time
- 29 Days
JACKSONVILLE, FL
- Median Sold Price
- $297.6K
- Avg. Sale Time
- 42 Days
PHOENIX, AZ
- Median Sold Price
- $424.7K
- Avg. Sale Time
- 44 Days
Based on homes sold or listed since August 2023.
Fastest Selling Housing Markets
Housing Markets With The Largest List Price Increases
The listing prices of homes in the following locations are on the rise. Common reasons for this include growing demand for homes, a decrease in active listings and changing interest rates.
Hottest Buyer's Markets
A buyer’s market occurs when the number of homes for sale exceeds the number of interested buyers. Homes typically spend more time on the market and often sell below listing price in these locations.
Hottest Seller's Markets
A seller’s market means that there are more buyers than homes for sale. When demand exceeds supply, prices tend to increase. The market is to your advantage if you’re selling a home in these locations.
Markets With The Most Homes for Sale
If you’re looking for a large number of homes to choose from, the following locations have the highest number of active listings.
Markets With The Most Homes Sold Under Asking Price
A wide range of factors can cause a home to sell for less than intended, from economic conditions to homes being listed above market value. Here are where the most homes are selling below asking price.
Markets With The Most Homes Sold Over Asking Price
As a seller, seeing homes in your area sell above asking price is a good sign. More sellers are getting a great return on their home in the following locations than anywhere else locally.
Housing Market Reports FAQs
What is a Housing Market Report?
The Housing Market Report is a monthly overview of local real estate markets. It covers changes in home value, housing inventory and sales data, all segmented by location and the number of bedrooms in a home.
How do we calculate the Market Reports?
The report is aggregated directly from local MLS data. Information is compiled and released monthly and can be filtered by city, ZIP code and neighborhood.
Can I get Market Reports for other locations?
Yes! We have reports for over 20,000 locations, so if you don’t see the one you’re looking for, try using the search field at the top of the page.
What is a buyer’s market?
In a buyer’s market, there are more homes for sale than buyers actively looking. Homes tend to stay on the market longer, and you have a better chance at negotiating a price.
What is a seller’s market?
In a seller’s market, there are more buyers looking for a home than homes available for sale. Homes tend to sell more quickly than average, and more often than not, you’ll need to act fast if you want to get an offer accepted.