Dwelling Costs Rose 11% in August—Largest Achieve in Over 6 Years

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September 17, 2020 by

The housing market in August resembled a recreation of musical chairs, as excessive dwelling costs and low mortgage charges started to attract extra sellers to the market: New listings climbed 5%, fueling a 30% enhance in pending gross sales.

The national median home price rose 11% yr over yr to $328,400 in August—the most important annual enhance since February 2014. As has been the case for a lot of the summer time, low mortgage charges drove homebuyer demand, however the provide of houses on the market has fallen to a different new low.

“The provision of houses is tighter than ever and residential costs are rising on the quickest price in years. Why isn’t this historic vendor’s market holding again consumers?” mentioned Redfin lead economist Taylor Marr. “Householders are simply now deciding to promote; they have been just a bit late to the sport. These new listings have provided consumers with houses to buy. Excessive costs nearly all the time finally draw sellers to market and with file low charges, buying and selling out your own home for a brand new mortgage will be extra engaging than refinancing.”

Median costs elevated in each single one of many 85 largest metro areas Redfin tracks. The smallest enhance was in New York (+2.7%). In the meantime, Bridgeport, CT (+30.7%), Memphis, TN (+20.5%) and Tulsa, OK (+19.8%), noticed the most important year-over-year will increase.

Home Price Gains in August Highest Since 2014

Market Abstract August 2020 Month-Over-Month Yr-Over-Yr
Median sale value $328,400 1.7% 11.0%
Houses offered, seasonally-adjusted 585,098 2.2% 10.2%
Pending gross sales, seasonally-adjusted 573,500 10.4% 29.8%
New listings, seasonally-adjusted 641,900 2.2% 4.6%
All Houses on the market, seasonally-adjusted 1,677,400 -2.3% -22.0%
Median days on market 31 -4 -8
Months of provide 1.6 0 -1
Offered above checklist 32.0% 2.1 pts 8.2 pts
Median Off-Market Redfin Estimate $315,800 2.1% 4.4%
Common Sale-to-list 99.3% 0.2 pts 0.8 pts

† – “pts” = proportion level change

Dwelling gross sales have been up 10.2% in August from a yr earlier on a seasonally-adjusted foundation, the most important enhance in practically 4 years.

Dwelling gross sales elevated in August from a yr earlier in 56 of the 85 largest metro areas—a slight lower from July. The most important beneficial properties in gross sales have been in Bridgeport, CT (+38.8%), Lake County, IL (+24.5%) and Chicago (+17.1%). The checklist of markets the place gross sales are falling essentially the most continued to be dominated by New York State, led by Nassau County, NY (-27.5%), Buffalo, NY (-23.7%) and Rochester, NY (-22.6%).

Home Sales Hit Highest Growth Rate Since November 2016

Energetic listings—the depend of all houses that have been on the market at any time through the month—fell 22.0% yr over yr to their lowest degree on file in August, the Twelfth-straight month of declines. The provision scarcity continued to worsen as a result of consumers purchased houses at a quicker price than the variety of houses being listed. On the identical time, a rising share of houses is promoting rapidly, leaving few houses lingering available on the market from one month to the subsequent.

Decline in Homes for Sale Hit a Record Low in August

Solely two of the 85 largest metros tracked by Redfin posted a year-over-year enhance within the depend of seasonally-adjusted lively listings of houses on the market: San Francisco (+75%) and New York Metropolis (+10%). The sudden growth of work-from-home insurance policies as a result of pandemic has led many individuals to flee these cities, two of the nation’s most costly housing markets.

In comparison with a yr in the past, the largest declines in lively housing provide in July have been in Allentown, PA (-55.0%), Kansas City, MO (-53.0%) and Salt Lake City (-50.5%).

The variety of new listings of houses on the market elevated 4.6% in August from a yr earlier, solely the third such enhance up to now 15 months. Pending gross sales have been up 29.8% from August 2019.

“A few of the progress in houses on the market is fueled by San Francisco and New York, the place consumers aren’t as proper now, however these are the exceptions,” defined Marr. “In Seattle, new listings jumped 35%, fueling a forty five% enhance in pending gross sales. The housing market is sort of a nationwide recreation of musical chairs proper now, the place everybody desires to leap in now that distant work and low mortgage charges have modified the foundations of the sport. However will the music quickly cease? Can builders add extra chairs if the price of doing so is skyrocketing?“

New Listings Hit Highest Growth Rate Since January 2019

Because of the continued imbalance between the variety of homebuyers and sellers out there, measures of competitors reminiscent of time on market and the share of houses offered above checklist value trended towards an more and more aggressive market in August, bucking the same old seasonal development.

The everyday dwelling that offered in August went beneath contract in 31 days—eight days lower than a yr earlier. This tied the file low (since at the least 2012) that was set in June 2018.

Time on Market Fell in August, Defying Seasonality

Usually by this time of yr, houses spend extra time available on the market and the share of houses that offered above checklist value declines. This yr, each of those measures are defying seasonality, shifting in the wrong way from their typical sample, indicating a vendor’s market that’s hotter than ever.

“The market took a brief break when the pandemic first hit, however over the previous few months issues have actually picked up and simply haven’t slowed down,” mentioned Boise Redfin agent Kristin Lopez. “It appears all of the West Coasters who thought-about shifting to Idaho all determined they completely needed to get out right here ASAP. Demand has been excessive, however we’re right down to the bottom of the low stock, which has created an entire storm of madness.”

In August 32.0% of houses offered above checklist value—the very best degree in our knowledge, which works again by way of 2012—up from 23.8% a yr earlier.

Share of Homes Sold Above List Price Hit a Record High


Different August Highlights

Competitors

Costs

  • Bridgeport, CT had the nation’s highest value progress, rising 30.7% since final yr to $539,200. Memphis, TN had the second highest progress at 20.5% year-over-year value progress, adopted by Tulsa, OK (19.8%), Cincinnati (19.5%), and Dayton, OH (17.7%).
  • No metros noticed value declines in August.

Gross sales

  • Bridgeport, CT led the nation in year-over-year gross sales progress, up 38.8%, adopted by Lake County, IL, up 24.5%. Chicago rounded out the highest three with gross sales up 17.1% from a yr in the past.
  • Nassau County, NY noticed the most important decline in gross sales since final yr, falling 27.5%. Dwelling gross sales in Buffalo, NY and Rochester, NY declined by 23.7% and 22.6%, respectively.

Stock

Redfin Estimate

Under are market-by-market breakdowns for costs, stock, new listings and gross sales for markets with populations of 750,000 or extra. For downloadable knowledge on the entire markets Redfin tracks, go to the Redfin Data Center.

Median Sale Value

Redfin Metro Median Sale Value Month-Over-Month Yr-Over-Yr
Albany, NY $240,000 0.0% 11.0%
Allentown, PA $240,000 0.8% 9.5%
Anaheim, CA $798,500 4.7% 13.3%
Atlanta, GA $280,000 1.1% 12.0%
Austin, TX $354,900 0.2% 10.9%
Bakersfield, CA $275,000 1.9% 12.2%
Baltimore, MD $325,000 1.6% 11.1%
Baton Rouge, LA $225,000 1.2% 7.8%
Birmingham, AL $240,000 -0.6% 10.1%
Boston, MA $569,000 2.5% 9.8%
Bridgeport, CT $539,200 10.0% 30.7%
Buffalo, NY $190,000 5.6% 11.8%
Camden, NJ $235,000 2.2% 14.6%
Charlotte, NC $298,000 1.4% 12.9%
Chicago, IL $285,000 1.4% 11.8%
Cincinnati, OH $227,000 2.7% 19.5%
Cleveland, OH $179,900 2.8% 10.3%
Columbus, OH $250,000 -1.9% 13.6%
Dallas, TX $325,000 0.9% 10.2%
Dayton, OH $166,000 -0.6% 17.7%
Denver, CO $455,000 0.0% 8.3%
Detroit, MI $160,300 -2.8% 10.8%
El Paso, TX $183,000 1.8% 10.9%
Elgin, IL $252,800 -0.5% 6.6%
Fort Lauderdale, FL $320,500 0.8% 16.5%
Fort Worth, TX $267,000 0.8% 6.8%
Frederick, MD $439,000 -2.2% 3.3%
Fresno, CA $315,000 -0.2% 12.5%
Grand Rapids, MI $230,300 -3.2% 6.1%
Greensboro, NC $209,000 2.5% 16.1%
Greenville, SC $243,000 2.5% 8.7%
Hartford, CT $260,000 1.4% 13.0%
Honolulu, HI $625,000 4.5% 6.1%
Houston, TX $266,500 -1.7% 6.6%
Indianapolis, IN $224,100 -0.4% 12.7%
Jacksonville, FL $263,000 -0.8% 8.7%
Kansas City, MO $255,000 -0.1% 11.8%
Knoxville, TN $249,900 1.2% 13.6%
Lake County, IL $266,200 0.4% 9.6%
Las Vegas, NV $310,000 0.3% 7.8%
Los Angeles, CA $710,000 1.4% 11.5%
Louisville, KY $233,200 -0.7% 12.4%
McAllen, TX $177,100 1.3% 11.7%
Memphis, TN $235,000 6.8% 20.5%
Miami, FL $355,000 4.4% 16.4%
Milwaukee, WI $274,900 6.1% 14.5%
Minneapolis, MN $315,000 0.6% 9.8%
Montgomery County, PA $372,500 3.5% 9.6%
Nashville, TN $330,000 0.9% 8.0%
Nassau County, NY $515,000 7.3% 8.4%
New Brunswick, NJ $380,000 4.8% 12.6%
New Haven, CT $252,000 0.3% 11.5%
New Orleans, LA $245,000 -5.4% 5.5%
New York, NY $549,500 2.7% 2.7%
Newark, NJ $446,000 8.8% 16.1%
North Port, FL $307,000 -1.6% 11.7%
Oakland, CA $835,000 2.5% 12.8%
Oklahoma City, OK $215,100 4.0% 14.4%
Omaha, NE $237,200 -1.1% 9.8%
Orlando, FL $286,000 2.1% 9.0%
Oxnard, CA $675,000 2.7% 9.8%
Philadelphia, PA $248,000 0.0% 10.2%
Phoenix, AZ $327,500 2.3% 15.7%
Pittsburgh, PA $201,600 0.3% 9.0%
Portland, OR $445,000 1.2% 8.5%
Providence, RI $334,900 3.0% 12.0%
Raleigh, NC $320,000 2.6% 10.0%
Richmond, VA $285,000 -0.9% 5.6%
Riverside, CA $429,900 2.4% 12.3%
Rochester, NY $176,500 0.9% 9.3%
Sacramento, CA $468,000 1.4% 11.4%
Salt Lake City, UT $379,800 -0.1% 11.7%
San Antonio, TX $258,000 -0.7% 9.8%
San Diego, CA $655,000 2.1% 10.5%
San Francisco, CA $1,510,000 3.6% 9.8%
San Jose, CA $1,230,000 2.8% 17.1%
Seattle, WA $630,000 1.6% 12.6%
St. Louis, MO $219,000 1.9% 11.7%
Tacoma, WA $430,000 0.9% 14.7%
Tampa, FL $267,000 0.8% 12.8%
Tucson, AZ $255,000 1.2% 13.1%
Tulsa, OK $207,000 2.3% 19.8%
Virginia Beach, VA $269,000 -1.5% 8.6%
Warren, MI $249,900 1.2% 10.1%
Washington, D.C. $465,000 -1.1% 12.0%
West Palm Beach, FL $328,000 1.5% 15.1%
Worcester, MA $320,000 0.0% 10.3%
Nationwide $328,400 1.7% 11.0%

Houses Offered

Redfin Metro Houses Offered Month-Over-Month Yr-Over-Yr
Albany, NY 1,044 11.3% -7.4%
Allentown, PA 1,126 -0.3% -4.6%
Anaheim, CA 3,170 5.0% 11.2%
Atlanta, GA 10,876 -8.2% 6.7%
Austin, TX 3,749 -13.4% 5.9%
Bakersfield, CA 804 -14.3% -11.8%
Baltimore, MD 4,519 -7.2% 8.7%
Baton Rouge, LA 1,086 -21.0% 14.3%
Birmingham, AL 1,579 -10.4% -0.9%
Boston, MA 5,410 0.0% -4.2%
Bridgeport, CT 1,858 4.0% 38.8%
Buffalo, NY 1,036 19.1% -23.7%
Camden, NJ 2,075 -5.9% 2.4%
Charlotte, NC 4,664 -12.3% -0.3%
Chicago, IL 11,058 1.2% 17.1%
Cincinnati, OH 3,315 -7.1% 4.0%
Cleveland, OH 3,085 -8.7% 0.4%
Columbus, OH 3,190 -3.5% 2.2%
Dallas, TX 7,169 -15.0% 8.3%
Dayton, OH 1,251 -4.4% 8.5%
Denver, CO 5,910 -12.0% 12.5%
Detroit, MI 2,201 -3.3% 2.0%
El Paso, TX 932 -0.2% 9.5%
Elgin, IL 1,388 -5.8% 14.8%
Fort Lauderdale, FL 3,095 -4.1% -3.7%
Fort Worth, TX 3,436 -15.8% 1.7%
Frederick, MD 1,832 -8.9% 4.4%
Fresno, CA 857 -3.1% -3.6%
Grand Rapids, MI 1,576 -16.3% -5.2%
Greensboro, NC 952 -11.5% -1.7%
Greenville, SC 1,322 -6.1% -3.2%
Hartford, CT 1,918 -0.7% 14.9%
Honolulu, HI 777 -0.9% -10.2%
Houston, TX 9,268 -15.8% 2.8%
Indianapolis, IN 3,696 -5.9% 6.5%
Jacksonville, FL 2,864 -14.9% 1.2%
Kansas City, MO 3,691 -12.0% -2.6%
Knoxville, TN 1,353 -16.3% -3.8%
Lake County, IL 1,612 -4.3% 24.5%
Las Vegas, NV 3,505 -11.4% -11.8%
Los Angeles, CA 6,325 1.0% -4.7%
Louisville, KY 1,640 -7.1% 3.9%
McAllen, TX 356 -5.8% 11.9%
Memphis, TN 1,228 -14.8% -5.6%
Miami, FL 2,552 -5.8% -3.7%
Milwaukee, WI 2,330 -1.8% 3.3%
Minneapolis, MN 6,837 -3.7% -0.4%
Montgomery County, PA 3,206 4.4% 13.2%
Nashville, TN 4,164 -10.1% 3.5%
Nassau County, NY 2,357 16.6% -27.5%
New Brunswick, NJ 4,092 10.1% 7.4%
New Haven, CT 1,217 -3.4% 4.8%
New Orleans, LA 1,548 -4.6% 14.2%
New York, NY 4,651 19.3% -20.2%
Newark, NJ 2,979 14.6% 11.4%
North Port, FL 2,316 -5.6% 16.3%
Oakland, CA 2,716 -4.0% 3.9%
Oklahoma City, OK 2,450 -7.5% 10.7%
Omaha, NE 1,360 -18.0% -8.2%
Orlando, FL 4,286 -6.7% -2.1%
Oxnard, CA 921 4.0% 6.5%
Philadelphia, PA 2,529 -1.1% 5.5%
Phoenix, AZ 8,717 -12.1% 0.6%
Pittsburgh, PA 2,989 -7.9% 13.2%
Portland, OR 3,928 -9.5% 3.6%
Providence, RI 2,095 -7.1% -6.7%
Raleigh, NC 2,699 -12.3% 5.4%
Richmond, VA 1,955 -1.5% 2.5%
Riverside, CA 5,763 -4.6% 7.9%
Rochester, NY 1,135 3.9% -22.6%
Sacramento, CA 3,356 -8.0% 10.8%
Salt Lake City, UT 1,847 -14.2% -1.7%
San Antonio, TX 3,347 -15.7% -2.6%
San Diego, CA 3,648 -4.2% 7.2%
San Francisco, CA 878 -13.2% 0.6%
San Jose, CA 1,128 -20.2% -9.8%
Seattle, WA 4,891 -1.6% 8.6%
St. Louis, MO 4,406 -4.8% 7.1%
Tacoma, WA 1,575 0.4% 0.1%
Tampa, FL 6,179 -8.1% 3.5%
Tucson, AZ 1,510 -18.9% -3.8%
Tulsa, OK 1,437 -10.4% 3.4%
Virginia Beach, VA 2,910 -9.3% 13.1%
Warren, MI 4,532 -8.0% 5.2%
Washington, D.C. 7,597 -5.5% 10.1%
West Palm Beach, FL 3,083 -11.3% 4.4%
Worcester, MA 1,303 2.1% -3.5%
Nationwide 524,100 0.3% 0.1%

New Listings

Redfin Metro New Listings Month-Over-Month Yr-Over-Yr
Albany, NY 1,359 -0.4% 18.9%
Allentown, PA 558 -39.7% -50.3%
Anaheim, CA 3,500 -5.6% 16.6%
Atlanta, GA 10,822 -5.8% -5.3%
Austin, TX 3,666 -18.5% 3.3%
Bakersfield, CA 1,055 4.4% 0.6%
Baltimore, MD 4,690 -3.9% 0.1%
Baton Rouge, LA 677 -27.1% -42.9%
Birmingham, AL 1,472 -11.6% -12.4%
Boston, MA 5,656 -10.4% 29.0%
Bridgeport, CT 1,794 -23.0% 55.2%
Buffalo, NY 1,628 -0.4% 9.6%
Camden, NJ 2,231 -2.2% 7.8%
Charlotte, NC 3,613 -17.1% -25.8%
Chicago, IL 12,795 -6.6% 17.3%
Cincinnati, OH 3,484 -5.8% 3.9%
Cleveland, OH 3,277 -7.2% -0.2%
Columbus, OH 3,284 -6.2% -1.6%
Dallas, TX 7,200 -12.5% -2.4%
Dayton, OH 1,343 -4.2% 5.7%
Denver, CO 5,729 -12.2% 0.5%
Detroit, MI 2,609 -4.2% -11.4%
El Paso, TX 1,220 22.2% 24.4%
Elgin, IL 1,311 -12.6% 0.6%
Fort Lauderdale, FL 3,523 -5.4% -2.1%
Fort Worth, TX 3,608 -9.8% -0.7%
Frederick, MD 1,949 -3.3% 18.8%
Fresno, CA 944 -0.4% -6.0%
Grand Rapids, MI 1,654 -11.8% -10.6%
Greensboro, NC 672 -14.7% -35.4%
Greenville, SC 1,289 -15.1% -10.5%
Hartford, CT 1,986 -7.0% 12.5%
Honolulu, HI 802 -9.8% -26.2%
Houston, TX 9,998 -14.4% -0.6%
Indianapolis, IN 3,521 -4.1% -1.8%
Jacksonville, FL 2,856 -4.4% -4.9%
Kansas City, MO 1,759 -43.9% -54.5%
Knoxville, TN 1,152 -15.5% -22.5%
Lake County, IL 1,594 -11.8% 11.8%
Las Vegas, NV 4,617 4.7% 3.2%
Los Angeles, CA 8,270 -2.4% 11.2%
Louisville, KY 1,570 -9.7% -6.5%
McAllen, TX 401 6.1% -14.3%
Memphis, TN 1,350 -1.7% -4.7%
Miami, FL 3,707 -1.7% -2.0%
Milwaukee, WI 2,522 -0.1% 8.3%
Minneapolis, MN 7,236 -2.8% 6.2%
Montgomery County, PA 2,867 -14.4% 10.9%
Nashville, TN 4,417 -5.1% 1.7%
Nassau County, NY 4,148 -8.7% 27.5%
New Brunswick, NJ 4,840 -7.1% 25.8%
New Haven, CT 1,463 -2.6% 28.0%
New Orleans, LA 1,541 -8.8% 0.5%
New York, NY 10,519 -13.4% 66.3%
Newark, NJ 3,218 -8.8% 38.7%
North Port, FL 2,392 -0.2% 15.3%
Oakland, CA 2,888 -8.3% 11.1%
Oklahoma City, OK 2,361 -9.8% -3.5%
Omaha, NE 1,279 -14.9% -16.4%
Orlando, FL 4,687 -7.0% 6.0%
Oxnard, CA 910 -7.5% 9.1%
Philadelphia, PA 3,258 -4.1% 22.1%
Phoenix, AZ 9,482 1.4% 6.9%
Pittsburgh, PA 2,997 -11.2% 10.9%
Portland, OR 4,239 -9.2% 7.8%
Providence, RI 2,520 -0.7% 5.5%
Raleigh, NC 2,728 -12.3% 1.6%
Richmond, VA 1,889 -7.4% 2.7%
Riverside, CA 6,251 3.6% 2.6%
Rochester, NY 1,479 0.2% 3.6%
Sacramento, CA 3,518 -2.0% -3.5%
Salt Lake City, UT 971 -40.2% -50.2%
San Antonio, TX 3,411 -10.8% -6.5%
San Diego, CA 3,971 -6.8% 5.3%
San Francisco, CA 1,627 4.6% 75.9%
San Jose, CA 1,596 16.0% 24.0%
Seattle, WA 5,871 -1.5% 35.2%
St. Louis, MO 2,565 -34.2% -39.4%
Tacoma, WA 1,732 -7.0% 6.0%
Tampa, FL 6,014 -5.2% -2.7%
Tucson, AZ 1,726 3.3% 5.4%
Tulsa, OK 1,557 -3.9% 8.1%
Virginia Beach, VA 2,780 -11.9% 3.4%
Warren, MI 5,060 -4.6% 0.2%
Washington, D.C. 7,992 -8.2% 17.4%
West Palm Beach, FL 3,604 -4.4% 15.8%
Worcester, MA 1,385 7.4% 4.9%
Nationwide 641,900 2.2% 4.6%

All Houses for Sale

Redfin Metro All Houses for Sale Month-Over-Month Yr-Over-Yr
Albany, NY 3,300 -1.9% -26.2%
Allentown, PA 1,619 -23.7% -55.0%
Anaheim, CA 10,205 -2.5% -18.3%
Atlanta, GA 30,055 -7.3% -22.3%
Austin, TX 8,997 -9.9% -22.9%
Bakersfield, CA 2,380 -0.8% -23.6%
Baltimore, MD 11,495 -5.3% -27.4%
Baton Rouge, LA 2,952 -15.6% -42.8%
Birmingham, AL 4,981 -6.7% -25.6%
Boston, MA 14,066 -4.9% -7.4%
Bridgeport, CT 7,348 -5.5% -4.1%
Buffalo, NY 3,005 0.1% -21.3%
Camden, NJ 5,408 -6.8% -35.2%
Charlotte, NC 12,065 -11.5% -30.7%
Chicago, IL 35,955 -1.7% -17.8%
Cincinnati, OH 9,864 -2.4% -16.5%
Cleveland, OH 8,439 -4.5% -30.1%
Columbus, OH 8,670 -2.6% -15.6%
Dallas, TX 21,115 -9.6% -24.3%
Dayton, OH 3,173 -2.5% -16.5%
Denver, CO 11,622 -7.1% -20.3%
Detroit, MI 6,654 -4.8% -24.9%
El Paso, TX 3,158 1.7% -16.1%
Elgin, IL 3,273 -7.1% -29.6%
Fort Lauderdale, FL 15,531 -4.7% -8.5%
Fort Worth, TX 9,625 -8.3% -19.3%
Frederick, MD 4,509 -6.2% -16.4%
Fresno, CA 1,800 -5.1% -35.8%
Grand Rapids, MI 3,443 -6.0% -23.8%
Greensboro, NC 2,291 -13.6% -36.7%
Greenville, SC 4,846 -4.7% -18.0%
Hartford, CT 6,209 -5.0% -21.2%
Honolulu, HI 3,785 -6.3% -23.4%
Houston, TX 31,534 -7.2% -20.7%
Indianapolis, IN 7,090 -1.4% -26.3%
Jacksonville, FL 8,706 -7.6% -21.1%
Kansas City, MO 5,215 -26.1% -53.0%
Knoxville, TN 4,310 -8.4% -20.3%
Lake County, IL 4,791 -5.0% -27.4%
Las Vegas, NV 13,435 -0.4% -18.4%
Los Angeles, CA 23,777 -0.7% -13.5%
Louisville, KY 3,728 -7.3% -27.5%
McAllen, TX 1,545 -10.3% -34.9%
Memphis, TN 3,434 -5.2% -26.4%
Miami, FL 19,090 -3.7% -8.9%
Milwaukee, WI 7,306 -0.3% -5.2%
Minneapolis, MN 16,093 -1.3% -13.2%
Montgomery County, PA 7,497 -9.8% -19.5%
Nashville, TN 12,959 -4.5% -17.6%
Nassau County, NY 12,834 -6.1% -17.2%
New Brunswick, NJ 13,208 -4.6% -24.0%
New Haven, CT 4,540 -1.6% -16.8%
New Orleans, LA 4,819 -7.3% -21.2%
New York, NY 44,532 5.3% 10.0%
Newark, NJ 10,084 -2.0% -14.6%
North Port, FL 7,186 -6.2% -14.6%
Oakland, CA 5,822 -5.5% -14.1%
Oklahoma City, OK 5,943 -6.0% -21.6%
Omaha, NE 2,602 -8.3% -24.4%
Orlando, FL 13,021 -4.6% -10.9%
Oxnard, CA 2,735 -4.5% -18.7%
Philadelphia, PA 9,442 -2.1% -3.3%
Phoenix, AZ 21,895 -4.4% -15.0%
Pittsburgh, PA 11,111 -5.3% -6.6%
Portland, OR 9,110 -3.0% -21.9%
Providence, RI 6,354 -1.2% -24.3%
Raleigh, NC 8,108 -6.5% -15.2%
Richmond, VA 3,980 -7.4% -26.0%
Riverside, CA 16,140 -5.7% -30.5%
Rochester, NY 2,763 -3.3% -21.9%
Sacramento, CA 7,137 -5.3% -27.3%
Salt Lake City, UT 2,628 -28.0% -50.5%
San Antonio, TX 10,037 -8.7% -26.0%
San Diego, CA 8,643 -4.9% -23.0%
San Francisco, CA 4,165 11.7% 75.0%
San Jose, CA 3,488 4.4% -7.8%
Seattle, WA 10,881 2.6% -9.5%
St. Louis, MO 8,810 -17.5% -37.2%
Tacoma, WA 3,076 -1.8% -20.4%
Tampa, FL 14,351 -8.2% -26.5%
Tucson, AZ 4,738 -5.0% -15.2%
Tulsa, OK 3,827 -2.5% -21.0%
Virginia Beach, VA 6,865 -9.4% -29.4%
Warren, MI 11,864 -2.4% -20.0%
Washington, D.C. 18,744 -3.4% -10.8%
West Palm Beach, FL 15,623 -3.6% -2.5%
Worcester, MA 3,057 -2.6% -28.0%
Nationwide 1,677,400 -2.3% -22.0%

Median Off-Market Redfin Estimate

Redfin Metro Estimate Month-Over-Month Yr-Over-Yr
Albany, NY $202,100 1.0% -8.6%
Allentown, PA $217,300 1.1% -1.2%
Anaheim, CA $745,600 0.6% 2.1%
Atlanta, GA $238,700 1.0% 2.6%
Austin, TX $308,400 0.7% -3.7%
Bakersfield, CA $201,900 1.1% -10.4%
Baltimore, MD $277,100 1.0% 3.8%
Baton Rouge, LA $131,500 0.6% -23.7%
Birmingham, AL $138,600 1.0% -10.3%
Boston, MA $538,300 1.0% 7.7%
Bridgeport, CT $396,700 0.5% -31.3%
Buffalo, NY $155,300 0.9% -5.8%
Camden, NJ $212,300 1.3% 4.1%
Charlotte, NC $217,100 1.0% 3.3%
Chicago, IL $266,000 0.7% 5.9%
Cincinnati, OH $170,500 1.1% -3.6%
Cleveland, OH $145,700 1.1% 0.4%
Columbus, OH $205,400 1.2% 3.0%
Dallas, TX $262,800 0.6% -1.0%
Dayton, OH $129,600 0.9% 5.2%
Denver, CO $428,500 0.6% 2.7%
Detroit, MI $110,300 1.6% 0.3%
Elgin, IL $234,700 0.8% 1.2%
Fort Lauderdale, FL $279,300 0.7% 2.7%
Fort Worth, TX $225,600 0.8% 0.7%
Frederick, MD $422,700 0.8% 3.6%
Fresno, CA $267,700 1.1% 2.0%
Grand Rapids, MI $178,000 1.1% 4.3%
Greensboro, NC $141,000 1.1% -4.4%
Greenville, SC $165,300 0.9% -14.5%
Hartford, CT $227,900 0.6% -31.9%
Honolulu, HI $703,000 0.1% 1.2%
Houston, TX $203,100 0.9% -5.2%
Indianapolis, IN $170,400 1.1% 0.4%
Jacksonville, FL $217,500 0.8% -4.8%
Kansas City, MO $188,700 1.1% -1.7%
Knoxville, TN $184,100 1.2% 2.2%
Lake County, IL $222,700 1.1% -2.8%
Las Vegas, NV $289,900 0.6% 2.9%
Los Angeles, CA $658,800 0.7% 3.4%
Louisville, KY $182,000 1.1% 2.8%
Memphis, TN $153,200 1.1% 3.8%
Miami, FL $320,000 0.5% 3.8%
Milwaukee, WI $213,900 1.5% 7.4%
Minneapolis, MN $280,700 1.0% 2.6%
Montgomery County, PA $331,900 1.1% 2.1%
Nashville, TN $285,000 0.7% 5.3%
Nassau County, NY $492,400 1.3% 4.8%
New Brunswick, NJ $352,100 0.7% 3.7%
New Haven, CT $227,600 0.6% -51.9%
New Orleans, LA $175,100 1.0% -7.4%
Newark, NJ $374,900 0.9% -0.1%
North Port, FL $241,300 0.6% -10.0%
Oakland, CA $793,200 0.9% 2.4%
Oklahoma City, OK $150,000 0.8% -2.6%
Omaha, NE $195,100 1.1% 6.9%
Orlando, FL $240,800 0.7% -0.8%
Oxnard, CA $612,300 0.9% 0.7%
Philadelphia, PA $198,000 1.3% 2.6%
Phoenix, AZ $282,100 1.1% 0.7%
Pittsburgh, PA $137,800 3.0% -11.4%
Portland, OR $409,500 0.8% 0.8%
Providence, RI $303,500 1.1% -0.2%
Raleigh, NC $264,800 0.8% -4.1%
Richmond, VA $243,400 0.8% 4.0%
Riverside, CA $340,400 1.3% -9.0%
Rochester, NY $148,900 0.9% -2.6%
Sacramento, CA $422,700 0.9% 0.2%
Salt Lake City, UT $367,300 1.2% 7.5%
San Antonio, TX $188,200 0.8% -7.3%
San Diego, CA $621,000 0.9% 2.9%
San Francisco, CA $1,374,800 0.1% 2.1%
San Jose, CA $1,170,200 0.6% 0.3%
Seattle, WA $581,400 0.9% 1.0%
St. Louis, MO $163,100 1.0% -2.6%
Tacoma, WA $380,800 1.0% 2.1%
Tampa, FL $227,100 1.0% -1.0%
Tucson, AZ $211,000 1.2% -5.6%
Tulsa, OK $136,200 1.1% -5.5%
Virginia Beach, VA $238,900 0.9% 4.0%
Warren, MI $216,900 1.3% 2.2%
Washington, D.C. $410,200 0.8% 2.6%
West Palm Beach, FL $282,200 0.6% 2.3%
Worcester, MA $290,400 1.0% -1.7%
Nationwide $315,800 2.1% 4.4%
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