Most Competitive Neighborhoods for Homebuyers in 2014 - via @Redfin

The Most Competitive Neighborhoods for Homebuyers in 2014

by
Updated on October 6th, 2020

In San Francisco’s Sunset District, nearly 9 out of 10 homes sold for more than asking price; 66 percent of homes sold in the Fremont, California neighborhood of Ardenwood went for all cash.

While home-buying competition eased nationally in 2014, only moderate relief came to buyers in some of the most competitive areas, including San Jose, Oakland, Los Angeles, Seattle and Portland. In 2014, 54 percent of all offers written by Redfin agents faced bidding wars, down from 64 percent in 2013. The percentage of homes that sold above list price dropped to 19 percent from 24 percent; fewer homes sold in under two weeks; and slightly fewer were purchased with cash.

redfin-homebuying-competition-dec-2014

redfin-bidding-wars-dec-2014

But competition remained fierce in pockets across Redfin markets. Using Offer Insights data from Redfin agents about offers they wrote this year, as well as 2014 sales transactions from the MLS, we ranked the most competitive neighborhoods to buy a home in 2014. The neighborhood rank is based on the percentage of Redfin offers that encountered competition and the percentage of homes that sold above the list price.

Noteworthy among the top 10 are trendy, expensive places like “Redfin Hottest Neighborhood” alum Bernal Heights in San Francisco, which earned its hype this year with 78 percent of homes selling above list price and 58 percent of Redfin offers facing a bidding war. In the Allston/Brighton neighborhood of Boston, which is between Harvard and Boston University, more than half of homes sold for all cash, driven in part by foreign buyers seeking housing for their college-bound kids and as investment properties for themselves. This made the local market extremely competitive for buyers, with seven of every 10 offers Redfin agents wrote facing multiple bids.

The 30 Most Competitive Neighborhoods to Buy a Home in 2014

1 Sunset District (San Francisco)
Median Sale Price: $955,000
2014 Price Growth: 12.5%
Homes sold: 455
 
Days on Market: 14
Multiple Offers: 54.2%
Average Number of Offers: 5.5
Sold Above Asking: 87.9%
All Cash Offers: 28.8%
“Formerly a neighborhood of last resort for San Francisco buyers, the Sunset is getting due respect for its density of good schools and relative affordability,” said Redfin agent Derrick Lee. “Older residents who have paid off their homes are cashing in while new families and renters are moving in. Cafes and trendy restaurants are popping up to cater to their tastes. Surfing and events like the free Stern Grove concert series and Outside Lands music festival are also drawing attention to the western most neighborhood in the city as well.”
2 Castro (San Francisco)
Median Sale Price: $1,294,500
2014 Price Growth: 7.9%
Homes sold: 128
 
Days on Market: 13
Multiple Offers: 52.9%
Average Number of Offers: 3.3
Sold Above Asking: 84.6%
All Cash Offers: 28.2%
“I was recently able to help my clients buy a $2 million home in the Castro using the preemptive offer strategy, which means submitting a very competitive offer before the offer deadline to get the sellers to accept before reviewing all the other anticipated bids,” said Redfin agent Mark Colwell. “I’ve found that the bordering neighborhoods of Mission-Dolores and Duboce Triangle are certainly beginning to encroach on Castro’s territory, which can exasperate the inventory crunch issue for some Castro buyers who view the neighborhood as part of their identity.”
3 Bernal Heights (San Francisco)
Median Sale Price: $1,050,000
2014 Price Growth: 13.5%
Homes sold: 171
 
Days on Market: 13
Multiple Offers: 58.1%
Average Number of Offers: 3.6
Sold Above Asking: 78.1%
All Cash Offers: 19.4%
Redfin agent Miriam Westeberg said about Bernal Heights: “Nestled between 101 and 280, Bernal is a great location for those commuting south to Silicon Valley. However, unlike some southern neighborhoods, it maintains the San Francisco vibe with a variety of local cafes, boutiques, bars and Bernal Heights Park. Due to this draw, many Bernal properties are receiving multiple offers and some are selling for as much as 30 percent over their asking price.”
4 Jamaica Plain (Boston)
Median Sale Price: $457,000
2014 Price Growth: 8.8%
Homes sold: 355
 
Days on Market: 16
Multiple Offers: 72.9%
Average Number of Offers: 2.9
Sold Above Asking: 60.9%
All Cash Offers: 13.9%
“Buyers are drawn to Jamaica Plain by the lifestyle of feeling like you’re not in the city with the arboretum and lots of outdoor space nearby with the convenience of three local T stops and being just a few miles from Fenway Park,” said Katie Gustafson, a Redfin agent in Boston. “In 2014, buyers had to waive mortgage and inspection contingencies just to get their foot in the door of this trendy neighborhood with a plethora of yoga and pilates studios and fair-trade coffee shops. In August and September, however, the local market reached a tipping point, as buyers became wary of overpaying, making it noticeably less competitive in Jamaica Plain as we head into 2015.”
5 Silver Lake (Los Angeles)
Median Sale Price: $822,000
2014 Price Growth: 14.2%
Homes sold: 213
 
Days on Market: 15
Multiple Offers: 71.9%
Average Number of Offers: 3.6
Sold Above Asking: 55.6%
All Cash Offers: 29.2%
“Everyone wants to live in Silver Lake for several reasons,” said Earnest Watts, Redfin agent in Los Angeles. “Its location is very convenient to downtown, with access to several freeways, but it has several of its own local business corridors with popular restaurants, bars and shops. People who live in Silver Lake also enjoy a lot of lush, green outdoor space, set on hills surrounding a large reservoir and urban park. Another thing driving people to Silver Lake is Ivanhoe, a highly rated public elementary school, that a lot of buyers push to get into each spring and summer.”
6 Almaden Valley (San Jose)
Median Sale Price: $1,080,000
2014 Price Growth: 15.1%
Homes sold: 477
 
Days on Market: 11
Multiple Offers: 56.7%
Average Number of Offers: 2.3
Sold Above Asking: 65.7%
All Cash Offers: 15.4%
“Almaden Valley is still hot, and demand stayed strong even at this normally slow time of year,” said Angela Langone, a Redfin agent in San Jose. “It’s common for listing agents here to price homes below market value and set offer deadlines to drum up initial interest. It’s not uncommon for my clients to compete with 15 to 20 other bidders for homes in this neighborhood. Prices here are slightly lower than other Silicon Valley neighborhoods because it’s located further from the freeway, but Almaden Valley is still attractive due to its long-established charm.”
7 Ardenwood (Fremont, CA)
Median Sale Price: $780,000
2014 Price Growth: 11.3%
Homes sold: 181
 
Days on Market: 10
Multiple Offers: 44.7%
Average Number of Offers: 5.6
Sold Above Asking: 75.7%
All Cash Offers: 65.5%
“What is happening in Ardenwood is indicative of what is happening in all of Fremont,” said Redfin agent Bita Salamat in Oakland. “One of the biggest reasons homes sell high is because of schools; many have very high ratings and Ardenwood is no exception. That’s what brings people there. Its multicultural identity makes the area a little different although the people here are mostly Silicon Valley engineers. Many cannot afford Sunnyvale or Cupertino where they often work so good schools and proximity to those places are driving factors in Ardenwood.”
8 Cambrian Park (San Jose)
Median Sale Price: $812,000
2014 Price Growth: 11.1%
Homes sold: 894
 
Days on Market: 13
Multiple Offers: 52.5%
Average Number of Offers: 4.1
Sold Above Asking: 67.9%
All Cash Offers: 14.2%
According to Angela Langone, Redfin agent in San Jose, “Buyers here enjoy being able to pay much less of a premium than in places like Cupertino or up the Peninsula, and they are confident they’re making a good investment here.”
9 Ravenna (Seattle)
Median Sale Price: $582,500
2014 Price Growth: 11.5%
Homes sold: 123
 
Days on Market: 7
Multiple Offers: 62.9%
Average Number of Offers: 4.2
Sold Above Asking: 57.3%
All Cash Offers: 24.1%
Christy Kim, Redfin agent in Seattle, said, “Two major factors influenced real estate in Ravenna this year: Older homes being remodeled and flipped by investors and growing interest from international buyers paying in all cash. It was common for an international buyer to drop half a million for a town home so their children could have a place to live while attending college.”
10 Allston / Brighton (Boston)
Median Sale Price: $336,225
2014 Price Growth: 8.5%
Homes sold: 393
 
Days on Market: 17
Multiple Offers: 70.0%
Average Number of Offers: 3.4
Sold Above Asking: 49.5%
All Cash Offers: 51.2%
Redfin agent Shawn Flynn shared an example of a competitive situation in Boston: “Among the offers we received for a two-bedroom, one-bathroom condo were ultimately three serious contenders. We didn’t go with the highest offer, but with the least risky. Still at $14,000 above list price, the winning buyer’s offer waived the mortgage, inspection and other contingencies so we knew the transaction would close without any issues.”
11 Highland Park (Los Angeles)
Median Sale Price: $520,000
2014 Price Growth: 23.8%
Homes sold: 262
 
Days on Market: 15
Multiple Offers: 62.2%
Average Number of Offers: 3.6
Sold Above Asking: 53.4%
All Cash Offers: 26.2%
12 NoMa (Washington, D.C.)
Median Sale Price: $645,000
2014 Price Growth: 7.2%
Homes sold: 82
 
Days on Market: 6
Multiple Offers: 62.5%
Average Number of Offers: 4.4
Sold Above Asking: 48.8%
All Cash Offers: 11.3%
13 South End (Boston)
Median Sale Price: $724,300
2014 Price Growth: 8.8%
Homes sold: 462
 
Days on Market: 18
Multiple Offers: 60.0%
Average Number of Offers: 3.1
Sold Above Asking: 48.9%
All Cash Offers: 23.3%
14 Hill East (Washington, D.C.)
Median Sale Price: $642,000
2014 Price Growth: 3.5%
Homes sold: 198
 
Days on Market: 7
Multiple Offers: 62.5%
Average Number of Offers: 3.1
Sold Above Asking: 44.6%
All Cash Offers: 10.8%
15 Wallingford (Seattle)
Median Sale Price: $640,000
2014 Price Growth: 15.3%
Homes sold: 192
 
Days on Market: 7
Multiple Offers: 53.8%
Average Number of Offers: 2.7
Sold Above Asking: 52.3%
All Cash Offers: 28.9%
16 Capitol Hill (Washington, D.C.)
Median Sale Price: $739,000
2014 Price Growth: -0.1%
Homes sold: 339
 
Days on Market: 8
Multiple Offers: 59.8%
Average Number of Offers: 2.8
Sold Above Asking: 45.7%
All Cash Offers: 18.1%
17 Brookland (Washington, D.C.)
Median Sale Price: $480,000
2014 Price Growth: 6.7%
Homes sold: 541
 
Days on Market: 12
Multiple Offers: 69.1%
Average Number of Offers: 3.1
Sold Above Asking: 33.0%
All Cash Offers: 15.5%
18 Back Bay, Beacon Hill (Boston)
Median Sale Price: $862,000
2014 Price Growth: 13.6%
Homes sold: 474
 
Days on Market: 25
Multiple Offers: 63.3%
Average Number of Offers: 3.3
Sold Above Asking: 34.7%
All Cash Offers: 41.5%
19 Seward Park (Seattle)
Median Sale Price: $520,100
2014 Price Growth: 12.6%
Homes sold: 121
 
Days on Market: 8
Multiple Offers: 55.9%
Average Number of Offers: 2.5
Sold Above Asking: 41.9%
All Cash Offers: 15.9%
20 Cardozo / Shaw (Washington, D.C.)
Median Sale Price: $600,000
2014 Price Growth: 4.4%
Homes sold: 478
 
Days on Market: 7
Multiple Offers: 51.2%
Average Number of Offers: 2.9
Sold Above Asking: 44.1%
All Cash Offers: 13.9%
21 Education Hill (Redmond, WA)
Median Sale Price: $500,000
2014 Price Growth: 1.0%
Homes sold: 231
 
Days on Market: 8
Multiple Offers: 50.0%
Average Number of Offers: 2.7
Sold Above Asking: 45.0%
All Cash Offers: 24.8%
22 Glen Park (San Francisco)
Median Sale Price: $1,225,000
2014 Price Growth: 7.5%
Homes sold: 68
 
Days on Market: 14
Multiple Offers:
Average Number of Offers:
Sold Above Asking: 84.7%
All Cash Offers: 25.9%
23 Westlake (San Francisco)
Median Sale Price: $749,000
2014 Price Growth: 11.8%
Homes sold: 124
 
Days on Market: 15
Multiple Offers:
Average Number of Offers:
Sold Above Asking: 84.5%
All Cash Offers: 24.0%
24 Brookvale (Fremont, CA)
Median Sale Price: $800,000
2014 Price Growth: 12.0%
Homes sold: 54
 
Days on Market: 10
Multiple Offers:
Average Number of Offers:
Sold Above Asking: 83.6%
All Cash Offers: 5.4%
25 Noe Valley (San Francisco)
Median Sale Price: $1,599,500
2014 Price Growth: 23.0%
Homes sold: 194
 
Days on Market: 13
Multiple Offers:
Average Number of Offers:
Sold Above Asking: 83.3%
All Cash Offers: 29.3%
26 Ballard (Seattle)
Median Sale Price: $505,000
2014 Price Growth: 12.5%
Homes sold: 620
 
Days on Market: 7
Multiple Offers: 43.9%
Average Number of Offers: 2.5
Sold Above Asking: 48.7%
All Cash Offers: 21.3%
27 Petworth (Washington, D.C.)
Median Sale Price: $571,500
2014 Price Growth: 5.1%
Homes sold: 209
 
Days on Market: 12
Multiple Offers: 60.9%
Average Number of Offers: 2.4
Sold Above Asking: 31.7%
All Cash Offers: 15.5%
28 Phinney Ridge (Seattle)
Median Sale Price: $553,500
2014 Price Growth: 10.2%
Homes sold: 141
 
Days on Market: 7
Multiple Offers: 47.8%
Average Number of Offers: 2.0
Sold Above Asking: 44.4%
All Cash Offers: 30.1%
29 North Hollywood (Los Angeles)
Median Sale Price: $410,000
2014 Price Growth: 12.9%
Homes sold: 491
 
Days on Market: 17
Multiple Offers: 53.3%
Average Number of Offers: 2.6
Sold Above Asking: 38.1%
All Cash Offers: 27.8%
30 Haight-Ashbury (San Francisco)
Median Sale Price: $1,235,000
2014 Price Growth: 8.6%
Homes sold: 66
 
Days on Market: 13
Multiple Offers:
Average Number of Offers:
Sold Above Asking: 80.9%
All Cash Offers:

The Most Competitive Places in Each Metro Area

Below, you can see the city or suburb, ZIP code and, in some cases, the neighborhood that was the most competitive in each of 38 areas.

Atlanta
City / Suburb Neighborhood Zip Code

Atlanta, GA
Median Sale Price:
$223,000
Homes sold:
8,708
Median Sale-to-list Difference:
-3.6%
2014 Price Change:
14.4%
Days on Market:
32
Sold Above Asking:
16.3%
Multiple Offers:
31.9%
Average Number of Offers:
1.4

Oakhurst
Median Sale Price:
$405,950
Homes sold:
74
Median Sale-to-list Difference:
-1.1%
2014 Price Change:
17.7%
Days on Market:
20
Sold Above Asking:
27.0%
Multiple Offers:
Average Number of Offers:

30093
Median Sale Price:
$108,500
Homes sold:
248
Median Sale-to-list Difference:
0.0%
2014 Price Change:
44.7%
Days on Market:
34
Sold Above Asking:
42.1%
Multiple Offers:
Average Number of Offers:
Austin
City / Suburb Neighborhood Zip Code

Austin, TX
Median Sale Price:
$295,000
Homes sold:
11,882
Median Sale-to-list Difference:
-1.3%
2014 Price Change:
9.6%
Days on Market:
13
Sold Above Asking:
28.6%
Multiple Offers:
37.0%
Average Number of Offers:
1.4

Milwood
Median Sale Price:
$265,000
Homes sold:
74
Median Sale-to-list Difference:
0.0%
2014 Price Change:
16.2%
Days on Market:
7
Sold Above Asking:
48.0%
Multiple Offers:
Average Number of Offers:

78613
Median Sale Price:
$250,000
Homes sold:
1,440
Median Sale-to-list Difference:
-1.6%
2014 Price Change:
9.4%
Days on Market:
13
Sold Above Asking:
24.5%
Multiple Offers:
36.7%
Average Number of Offers:
1.3
Baltimore
City / Suburb Zip Code

Ellicott City, MD
Median Sale Price:
$489,900
Homes sold:
812
Median Sale-to-list Difference:
-2.6%
2014 Price Change:
6.0%
Days on Market:
23
Sold Above Asking:
17.3%
Multiple Offers:
44.9%
Average Number of Offers:
1.6

21043
Median Sale Price:
$415,000
Homes sold:
419
Median Sale-to-list Difference:
-2.4%
2014 Price Change:
1.5%
Days on Market:
24
Sold Above Asking:
20.3%
Multiple Offers:
42.4%
Average Number of Offers:
1.5
Boston
City / Suburb Neighborhood Zip Code

Cambridge, MA
Median Sale Price:
$615,000
Homes sold:
691
Median Sale-to-list Difference:
2.3%
2014 Price Change:
12.6%
Days on Market:
16
Sold Above Asking:
62.4%
Multiple Offers:
71.6%
Average Number of Offers:
3.0

Jamaica Plain
Median Sale Price:
$457,000
Homes sold:
355
Median Sale-to-list Difference:
2.0%
2014 Price Change:
8.8%
Days on Market:
16
Sold Above Asking:
60.9%
Multiple Offers:
72.9%
Average Number of Offers:
2.9

02139
Median Sale Price:
$595,000
Homes sold:
200
Median Sale-to-list Difference:
4.8%
2014 Price Change:
10.6%
Days on Market:
15
Sold Above Asking:
70.6%
Multiple Offers:
75.8%
Average Number of Offers:
3.8
Boulder
City / Suburb Zip Code

Louisville, CO
Median Sale Price:
$436,500
Homes sold:
257
Median Sale-to-list Difference:
0.0%
2014 Price Change:
4.1%
Days on Market:
10
Sold Above Asking:
37.5%
Multiple Offers:
Average Number of Offers:

80026
Median Sale Price:
$354,000
Homes sold:
507
Median Sale-to-list Difference:
-0.6%
2014 Price Change:
18.0%
Days on Market:
12
Sold Above Asking:
36.0%
Multiple Offers:
Average Number of Offers:
Chicago
City / Suburb Neighborhood Zip Code

Skokie, IL
Median Sale Price:
$240,000
Homes sold:
680
Median Sale-to-list Difference:
-4.3%
2014 Price Change:
15.9%
Days on Market:
20
Sold Above Asking:
20.1%
Multiple Offers:
41.9%
Average Number of Offers:
1.2

West Loop
Median Sale Price:
$344,000
Homes sold:
589
Median Sale-to-list Difference:
-1.1%
2014 Price Change:
10.6%
Days on Market:
11
Sold Above Asking:
37.3%
Multiple Offers:
41.8%
Average Number of Offers:
1.4

60607
Median Sale Price:
$331,950
Homes sold:
612
Median Sale-to-list Difference:
-1.4%
2014 Price Change:
8.1%
Days on Market:
15
Sold Above Asking:
33.6%
Multiple Offers:
39.3%
Average Number of Offers:
1.4
Denver
City / Suburb Zip Code

Lakewood, CO
Median Sale Price:
$247,000
Homes sold:
2,240
Median Sale-to-list Difference:
-0.9%
2014 Price Change:
5.1%
Days on Market:
10
Sold Above Asking:
27.4%
Multiple Offers:
44.1%
Average Number of Offers:
1.9

80239
Median Sale Price:
$186,750
Homes sold:
348
Median Sale-to-list Difference:
0.0%
2014 Price Change:
19.7%
Days on Market:
9
Sold Above Asking:
49.2%
Multiple Offers:
Average Number of Offers:
Fort Lauderdale
City / Suburb Zip Code

Pembroke Pines, FL
Median Sale Price:
$208,750
Homes sold:
2,144
Median Sale-to-list Difference:
-4.0%
2014 Price Change:
16.0%
Days on Market:
45
Sold Above Asking:
18.6%
Multiple Offers:
56.8%
Average Number of Offers:
1.3

33023
Median Sale Price:
$130,000
Homes sold:
609
Median Sale-to-list Difference:
-3.9%
2014 Price Change:
18.2%
Days on Market:
43
Sold Above Asking:
26.3%
Multiple Offers:
Average Number of Offers:
Fresno
City / Suburb Zip Code

Coalinga, CA
Median Sale Price:
$133,000
Homes sold:
75
Median Sale-to-list Difference:
0.0%
2014 Price Change:
15.7%
Days on Market:
25
Sold Above Asking:
8.6%
Multiple Offers:
Average Number of Offers:

93737
Median Sale Price:
$270,000
Homes sold:
87
Median Sale-to-list Difference:
0.0%
2014 Price Change:
8.0%
Days on Market:
49
Sold Above Asking:
12.2%
Multiple Offers:
Average Number of Offers:
Hampton Roads
City / Suburb Neighborhood Zip Code

Suffolk, VA
Median Sale Price:
$230,000
Homes sold:
1,118
Median Sale-to-list Difference:
-1.6%
2014 Price Change:
2.2%
Days on Market:
54
Sold Above Asking:
19.1%
Multiple Offers:
Average Number of Offers:

East Ocean View
Median Sale Price:
$359,900
Homes sold:
103
Median Sale-to-list Difference:
-1.0%
2014 Price Change:
-14.3%
Days on Market:
65
Sold Above Asking:
20.4%
Multiple Offers:
Average Number of Offers:

23523
Median Sale Price:
$85,500
Homes sold:
61
Median Sale-to-list Difference:
-4.8%
2014 Price Change:
3.0%
Days on Market:
68
Sold Above Asking:
27.4%
Multiple Offers:
Average Number of Offers:
Houston
City / Suburb Neighborhood Zip Code

Katy, TX
Median Sale Price:
$238,000
Homes sold:
4,967
Median Sale-to-list Difference:
-1.6%
2014 Price Change:
13.3%
Days on Market:
16
Sold Above Asking:
26.0%
Multiple Offers:
56.3%
Average Number of Offers:
1.5

Greater Heights
Median Sale Price:
$407,000
Homes sold:
1,434
Median Sale-to-list Difference:
-0.5%
2014 Price Change:
16.3%
Days on Market:
16
Sold Above Asking:
29.2%
Multiple Offers:
60.5%
Average Number of Offers:
1.7

77043
Median Sale Price:
$258,000
Homes sold:
233
Median Sale-to-list Difference:
0.0%
2014 Price Change:
42.1%
Days on Market:
12
Sold Above Asking:
41.0%
Multiple Offers:
Average Number of Offers:
Indianapolis
City / Suburb Zip Code

Sheridan, IN
Median Sale Price:
$104,750
Homes sold:
76
Median Sale-to-list Difference:
-1.5%
2014 Price Change:
-12.7%
Days on Market:
96
Sold Above Asking:
13.2%
Multiple Offers:
Average Number of Offers:

46218
Median Sale Price:
$23,100
Homes sold:
177
Median Sale-to-list Difference:
-7.9%
2014 Price Change:
10.0%
Days on Market:
91
Sold Above Asking:
22.9%
Multiple Offers:
Average Number of Offers:
Las Vegas
City / Suburb Zip Code

Las Vegas, NV
Median Sale Price:
$177,400
Homes sold:
21,638
Median Sale-to-list Difference:
-2.9%
2014 Price Change:
14.5%
Days on Market:
70
Sold Above Asking:
21.6%
Multiple Offers:
15.4%
Average Number of Offers:
1.1

89101
Median Sale Price:
$85,000
Homes sold:
191
Median Sale-to-list Difference:
-1.4%
2014 Price Change:
30.8%
Days on Market:
74
Sold Above Asking:
32.5%
Multiple Offers:
Average Number of Offers:
Long Island
City / Suburb Zip Code

Lake Grove, NY
Median Sale Price:
$348,250
Homes sold:
72
Median Sale-to-list Difference:
-3.5%
2014 Price Change:
-5.4%
Days on Market:
59
Sold Above Asking:
21.6%
Multiple Offers:
Average Number of Offers:

11755
Median Sale Price:
$348,250
Homes sold:
72
Median Sale-to-list Difference:
-3.5%
2014 Price Change:
-5.4%
Days on Market:
59
Sold Above Asking:
21.6%
Multiple Offers:
Average Number of Offers:
Los Angeles
City / Suburb Neighborhood Zip Code

La Canada Flintridge, CA
Median Sale Price:
$1,315,000
Homes sold:
230
Median Sale-to-list Difference:
0.0%
2014 Price Change:
6.5%
Days on Market:
16
Sold Above Asking:
49.6%
Multiple Offers:
64.1%
Average Number of Offers:
4.1

Silver Lake
Median Sale Price:
$822,000
Homes sold:
213
Median Sale-to-list Difference:
0.8%
2014 Price Change:
14.2%
Days on Market:
15
Sold Above Asking:
55.6%
Multiple Offers:
71.9%
Average Number of Offers:
3.6

90026
Median Sale Price:
$685,000
Homes sold:
182
Median Sale-to-list Difference:
0.8%
2014 Price Change:
6.3%
Days on Market:
14
Sold Above Asking:
54.3%
Multiple Offers:
68.6%
Average Number of Offers:
3.1
Miami
City / Suburb Zip Code

Opa-Locka, FL
Median Sale Price:
$73,724
Homes sold:
142
Median Sale-to-list Difference:
-5.9%
2014 Price Change:
12.6%
Days on Market:
46
Sold Above Asking:
34.9%
Multiple Offers:
Average Number of Offers:

33055
Median Sale Price:
$141,687
Homes sold:
254
Median Sale-to-list Difference:
-2.3%
2014 Price Change:
26.2%
Days on Market:
36
Sold Above Asking:
34.8%
Multiple Offers:
Average Number of Offers:
Minneapolis-St. Paul
City / Suburb Neighborhood Zip Code

Isanti, MN
Median Sale Price:
$148,470
Homes sold:
149
Median Sale-to-list Difference:
0.0%
2014 Price Change:
18.8%
Days on Market:
34
Sold Above Asking:
27.6%
Multiple Offers:
Average Number of Offers:

Minnehaha
Median Sale Price:
$189,500
Homes sold:
88
Median Sale-to-list Difference:
-2.2%
2014 Price Change:
8.5%
Days on Market:
30
Sold Above Asking:
28.9%
Multiple Offers:
Average Number of Offers:

55415
Median Sale Price:
$430,608
Homes sold:
179
Median Sale-to-list Difference:
3.1%
2014 Price Change:
88.0%
Days on Market:
2
Sold Above Asking:
66.8%
Multiple Offers:
Average Number of Offers:
Oakland
City / Suburb Neighborhood Zip Code

Alameda, CA
Median Sale Price:
$705,000
Homes sold:
455
Median Sale-to-list Difference:
4.8%
2014 Price Change:
17.5%
Days on Market:
14
Sold Above Asking:
71.9%
Multiple Offers:
81.0%
Average Number of Offers:
3.6

Ardenwood (Fremont)
Median Sale Price:
$780,000
Homes sold:
181
Median Sale-to-list Difference:
3.7%
2014 Price Change:
11.3%
Days on Market:
10
Sold Above Asking:
75.7%
Multiple Offers:
44.7%
Average Number of Offers:
5.6

94602
Median Sale Price:
$685,900
Homes sold:
273
Median Sale-to-list Difference:
12.4%
2014 Price Change:
9.9%
Days on Market:
14
Sold Above Asking:
78.8%
Multiple Offers:
75.8%
Average Number of Offers:
4.5
Orange County
City / Suburb Neighborhood Zip Code

Fountain Valley, CA
Median Sale Price:
$647,000
Homes sold:
351
Median Sale-to-list Difference:
-1.5%
2014 Price Change:
7.8%
Days on Market:
15
Sold Above Asking:
24.7%
Multiple Offers:
54.8%
Average Number of Offers:
1.9

North Park (Irvine, CA)
Median Sale Price:
$663,000
Homes sold:
263
Median Sale-to-list Difference:
-2.5%
2014 Price Change:
7.1%
Days on Market:
19
Sold Above Asking:
11.0%
Multiple Offers:
54.5%
Average Number of Offers:
1.8

92708
Median Sale Price:
$647,000
Homes sold:
351
Median Sale-to-list Difference:
-1.5%
2014 Price Change:
7.8%
Days on Market:
15
Sold Above Asking:
25.1%
Multiple Offers:
57.6%
Average Number of Offers:
2.0
Orlando
City / Suburb Zip Code

Mascotte, FL
Median Sale Price:
$90,000
Homes sold:
62
Median Sale-to-list Difference:
-0.8%
2014 Price Change:
6.0%
Days on Market:
56
Sold Above Asking:
32.3%
Multiple Offers:
Average Number of Offers:

32805
Median Sale Price:
$45,500
Homes sold:
122
Median Sale-to-list Difference:
-1.3%
2014 Price Change:
19.7%
Days on Market:
43
Sold Above Asking:
32.5%
Multiple Offers:
Average Number of Offers:
Philadelphia
City / Suburb Neighborhood Zip Code

Telford, PA
Median Sale Price:
$235,000
Homes sold:
155
Median Sale-to-list Difference:
-2.8%
2014 Price Change:
-3.9%
Days on Market:
68
Sold Above Asking:
25.2%
Multiple Offers:
Average Number of Offers:

Newbold
Median Sale Price:
$178,500
Homes sold:
197
Median Sale-to-list Difference:
-3.4%
2014 Price Change:
13.7%
Days on Market:
46
Sold Above Asking:
20.9%
Multiple Offers:
Average Number of Offers:

18969
Median Sale Price:
$235,500
Homes sold:
160
Median Sale-to-list Difference:
-2.8%
2014 Price Change:
-2.7%
Days on Market:
71
Sold Above Asking:
24.7%
Multiple Offers:
Average Number of Offers:
Phoenix
City / Suburb Zip Code

Phoenix, AZ
Median Sale Price:
$173,000
Homes sold:
15,154
Median Sale-to-list Difference:
-4.2%
2014 Price Change:
11.6%
Days on Market:
33
Sold Above Asking:
13.2%
Multiple Offers:
20.4%
Average Number of Offers:
1.1

85033
Median Sale Price:
$100,000
Homes sold:
392
Median Sale-to-list Difference:
-2.4%
2014 Price Change:
25.1%
Days on Market:
28
Sold Above Asking:
26.3%
Multiple Offers:
Average Number of Offers:
Portland
City / Suburb Neighborhood Zip Code

Portland, OR
Median Sale Price:
$317,762
Homes sold:
10,003
Median Sale-to-list Difference:
-0.7%
2014 Price Change:
7.4%
Days on Market:
15
Sold Above Asking:
31.3%
Multiple Offers:
48.3%
Average Number of Offers:
2.1

Woodstock
Median Sale Price:
$320,000
Homes sold:
159
Median Sale-to-list Difference:
0.1%
2014 Price Change:
14.5%
Days on Market:
6
Sold Above Asking:
52.2%
Multiple Offers:
Average Number of Offers:

97217
Median Sale Price:
$310,000
Homes sold:
533
Median Sale-to-list Difference:
0.0%
2014 Price Change:
14.4%
Days on Market:
10
Sold Above Asking:
41.7%
Multiple Offers:
66.7%
Average Number of Offers:
3.3
Providence
City / Suburb Neighborhood Zip Code

Smithfield, RI
Median Sale Price:
$242,250
Homes sold:
187
Median Sale-to-list Difference:
-3.0%
2014 Price Change:
17.0%
Days on Market:
28
Sold Above Asking:
20.5%
Multiple Offers:
Average Number of Offers:

Mount Pleasant
Median Sale Price:
$129,500
Homes sold:
58
Median Sale-to-list Difference:
-4.1%
2014 Price Change:
6.6%
Days on Market:
50
Sold Above Asking:
18.3%
Multiple Offers:
Average Number of Offers:

02917
Median Sale Price:
$252,500
Homes sold:
110
Median Sale-to-list Difference:
-2.7%
2014 Price Change:
20.2%
Days on Market:
25
Sold Above Asking:
26.1%
Multiple Offers:
Average Number of Offers:
Raleigh-Durham
City / Suburb Zip Code

Morrisville, NC
Median Sale Price:
$258,250
Homes sold:
445
Median Sale-to-list Difference:
-1.3%
2014 Price Change:
12.0%
Days on Market:
47
Sold Above Asking:
27.8%
Multiple Offers:
Average Number of Offers:

27560
Median Sale Price:
$270,000
Homes sold:
454
Median Sale-to-list Difference:
-1.3%
2014 Price Change:
17.2%
Days on Market:
47
Sold Above Asking:
27.7%
Multiple Offers:
Average Number of Offers:
Riverside-San Bernardino
City / Suburb Neighborhood Zip Code

Chino, CA
Median Sale Price:
$388,000
Homes sold:
695
Median Sale-to-list Difference:
-1.4%
2014 Price Change:
12.5%
Days on Market:
19
Sold Above Asking:
25.7%
Multiple Offers:
58.8%
Average Number of Offers:
2.0

Southridge Village
Median Sale Price:
$276,000
Homes sold:
263
Median Sale-to-list Difference:
0.0%
2014 Price Change:
20.0%
Days on Market:
11
Sold Above Asking:
45.4%
Multiple Offers:
Average Number of Offers:

92882
Median Sale Price:
$388,000
Homes sold:
568
Median Sale-to-list Difference:
-1.0%
2014 Price Change:
10.5%
Days on Market:
16
Sold Above Asking:
29.6%
Multiple Offers:
50.0%
Average Number of Offers:
1.3
Sacramento
City / Suburb Neighborhood Zip Code

Elk Grove, CA
Median Sale Price:
$308,000
Homes sold:
1,965
Median Sale-to-list Difference:
-0.7%
2014 Price Change:
13.2%
Days on Market:
41
Sold Above Asking:
35.3%
Multiple Offers:
32.8%
Average Number of Offers:
1.4

Robla
Median Sale Price:
$199,000
Homes sold:
72
Median Sale-to-list Difference:
0.0%
2014 Price Change:
15.2%
Days on Market:
139
Sold Above Asking:
40.8%
Multiple Offers:
Average Number of Offers:

95765
Median Sale Price:
$403,750
Homes sold:
515
Median Sale-to-list Difference:
-1.2%
2014 Price Change:
10.6%
Days on Market:
Sold Above Asking:
24.3%
Multiple Offers:
42.9%
Average Number of Offers:
1.7
San Antonio
City / Suburb Neighborhood Zip Code

Selma, TX
Median Sale Price:
$161,000
Homes sold:
73
Median Sale-to-list Difference:
-1.2%
2014 Price Change:
8.1%
Days on Market:
20
Sold Above Asking:
23.3%
Multiple Offers:
Average Number of Offers:

Great Northwest
Median Sale Price:
$127,000
Homes sold:
175
Median Sale-to-list Difference:
-0.8%
2014 Price Change:
9.5%
Days on Market:
15
Sold Above Asking:
30.4%
Multiple Offers:
Average Number of Offers:

78222-3457
Median Sale Price:
$164,900
Homes sold:
50
Median Sale-to-list Difference:
0.0%
2014 Price Change:
Days on Market:
7
Sold Above Asking:
36.5%
Multiple Offers:
Average Number of Offers:
San Diego
City / Suburb Neighborhood Zip Code

San Marcos, CA
Median Sale Price:
$469,000
Homes sold:
991
Median Sale-to-list Difference:
-2.5%
2014 Price Change:
11.2%
Days on Market:
18
Sold Above Asking:
15.3%
Multiple Offers:
51.6%
Average Number of Offers:
1.6

Rancho del Rey
Median Sale Price:
$445,000
Homes sold:
182
Median Sale-to-list Difference:
-1.6%
2014 Price Change:
11.3%
Days on Market:
20
Sold Above Asking:
28.4%
Multiple Offers:
Average Number of Offers:

92126
Median Sale Price:
$428,450
Homes sold:
558
Median Sale-to-list Difference:
-2.3%
2014 Price Change:
10.1%
Days on Market:
16
Sold Above Asking:
18.6%
Multiple Offers:
65.1%
Average Number of Offers:
2.1
San Francisco
City / Suburb Neighborhood Zip Code

Daly City, CA
Median Sale Price:
$660,000
Homes sold:
486
Median Sale-to-list Difference:
5.3%
2014 Price Change:
10.9%
Days on Market:
17
Sold Above Asking:
75.7%
Multiple Offers:
65.6%
Average Number of Offers:
4.5

Sunset District
Median Sale Price:
$955,000
Homes sold:
455
Median Sale-to-list Difference:
13.5%
2014 Price Change:
12.5%
Days on Market:
14
Sold Above Asking:
87.9%
Multiple Offers:
54.2%
Average Number of Offers:
5.5

94110
Median Sale Price:
$1,050,000
Homes sold:
384
Median Sale-to-list Difference:
11.9%
2014 Price Change:
15.2%
Days on Market:
13
Sold Above Asking:
79.1%
Multiple Offers:
61.7%
Average Number of Offers:
3.0
San Jose
City / Suburb Neighborhood Zip Code

Santa Clara, CA
Median Sale Price:
$752,000
Homes sold:
771
Median Sale-to-list Difference:
4.8%
2014 Price Change:
13.1%
Days on Market:
11
Sold Above Asking:
75.3%
Multiple Offers:
71.8%
Average Number of Offers:
7.7

Almaden Valley
Median Sale Price:
$1,080,000
Homes sold:
477
Median Sale-to-list Difference:
2.8%
2014 Price Change:
15.1%
Days on Market:
11
Sold Above Asking:
65.7%
Multiple Offers:
56.7%
Average Number of Offers:
2.3

95051
Median Sale Price:
$775,500
Homes sold:
355
Median Sale-to-list Difference:
6.1%
2014 Price Change:
14.7%
Days on Market:
10
Sold Above Asking:
77.8%
Multiple Offers:
70.7%
Average Number of Offers:
8.7
Seattle
City / Suburb Neighborhood Zip Code

Kenmore, WA
Median Sale Price:
$425,000
Homes sold:
315
Median Sale-to-list Difference:
-0.3%
2014 Price Change:
11.3%
Days on Market:
14
Sold Above Asking:
31.6%
Multiple Offers:
51.4%
Average Number of Offers:
2.6

Ravenna
Median Sale Price:
$582,500
Homes sold:
123
Median Sale-to-list Difference:
1.2%
2014 Price Change:
11.5%
Days on Market:
7
Sold Above Asking:
57.3%
Multiple Offers:
62.9%
Average Number of Offers:
4.2

98008
Median Sale Price:
$520,000
Homes sold:
273
Median Sale-to-list Difference:
0.0%
2014 Price Change:
10.6%
Days on Market:
9
Sold Above Asking:
46.4%
Multiple Offers:
50.6%
Average Number of Offers:
4.4
Tacoma
City / Suburb Zip Code

Tacoma, WA
Median Sale Price:
$181,950
Homes sold:
3,349
Median Sale-to-list Difference:
-2.8%
2014 Price Change:
10.3%
Days on Market:
37
Sold Above Asking:
22.5%
Multiple Offers:
25.4%
Average Number of Offers:
1.3

98404
Median Sale Price:
$160,000
Homes sold:
462
Median Sale-to-list Difference:
-1.0%
2014 Price Change:
18.8%
Days on Market:
34
Sold Above Asking:
32.0%
Multiple Offers:
Average Number of Offers:
Tampa
City / Suburb Neighborhood Zip Code

Seffner, FL
Median Sale Price:
$130,000
Homes sold:
317
Median Sale-to-list Difference:
-3.5%
2014 Price Change:
5.1%
Days on Market:
44
Sold Above Asking:
20.7%
Multiple Offers:
Average Number of Offers:

Highland Grove
Median Sale Price:
$65,000
Homes sold:
68
Median Sale-to-list Difference:
-3.5%
2014 Price Change:
3.2%
Days on Market:
40
Sold Above Asking:
31.0%
Multiple Offers:
Average Number of Offers:

33625
Median Sale Price:
$177,000
Homes sold:
356
Median Sale-to-list Difference:
-1.5%
2014 Price Change:
14.2%
Days on Market:
30
Sold Above Asking:
26.5%
Multiple Offers:
Average Number of Offers:
Tucson
City / Suburb Neighborhood Zip Code

Vail, AZ
Median Sale Price:
$217,870
Homes sold:
389
Median Sale-to-list Difference:
-3.6%
2014 Price Change:
3.7%
Days on Market:
55
Sold Above Asking:
14.0%
Multiple Offers:
Average Number of Offers:

Cherry Avenue
Median Sale Price:
$91,900
Homes sold:
58
Median Sale-to-list Difference:
-1.8%
2014 Price Change:
30.8%
Days on Market:
21
Sold Above Asking:
35.0%
Multiple Offers:
Average Number of Offers:

85714
Median Sale Price:
$75,000
Homes sold:
66
Median Sale-to-list Difference:
-4.7%
2014 Price Change:
29.0%
Days on Market:
23
Sold Above Asking:
28.6%
Multiple Offers:
Average Number of Offers:
Ventura County
City / Suburb Neighborhood Zip Code

Simi Valley, CA
Median Sale Price:
$462,000
Homes sold:
1,211
Median Sale-to-list Difference:
-2.2%
2014 Price Change:
8.7%
Days on Market:
25
Sold Above Asking:
18.9%
Multiple Offers:
46.4%
Average Number of Offers:
1.5

RiverPark
Median Sale Price:
$329,000
Homes sold:
71
Median Sale-to-list Difference:
-2.4%
2014 Price Change:
6.4%
Days on Market:
43
Sold Above Asking:
8.5%
Multiple Offers:
Average Number of Offers:

93065
Median Sale Price:
$464,000
Homes sold:
682
Median Sale-to-list Difference:
-2.2%
2014 Price Change:
7.7%
Days on Market:
27
Sold Above Asking:
19.0%
Multiple Offers:
55.6%
Average Number of Offers:
1.6
Washington, D.C.
City / Suburb Neighborhood Zip Code

Washington, DC
Median Sale Price:
$499,900
Homes sold:
6,749
Median Sale-to-list Difference:
0.0%
2014 Price Change:
5.2%
Days on Market:
11
Sold Above Asking:
33.5%
Multiple Offers:
53.2%
Average Number of Offers:
2.4

NoMa
Median Sale Price:
$645,000
Homes sold:
82
Median Sale-to-list Difference:
0.0%
2014 Price Change:
7.2%
Days on Market:
6
Sold Above Asking:
48.8%
Multiple Offers:
62.5%
Average Number of Offers:
4.4

20003
Median Sale Price:
$605,000
Homes sold:
400
Median Sale-to-list Difference:
0.0%
2014 Price Change:
0.8%
Days on Market:
8
Sold Above Asking:
41.6%
Multiple Offers:
61.2%
Average Number of Offers:
2.8
West Palm Beach
City / Suburb Zip Code

Palm Springs, FL
Median Sale Price:
$85,000
Homes sold:
235
Median Sale-to-list Difference:
-4.9%
2014 Price Change:
21.3%
Days on Market:
37
Sold Above Asking:
24.6%
Multiple Offers:
Average Number of Offers:

33406
Median Sale Price:
$122,500
Homes sold:
293
Median Sale-to-list Difference:
-3.1%
2014 Price Change:
26.3%
Days on Market:
38
Sold Above Asking:
29.7%
Multiple Offers:
Average Number of Offers:

Which neighborhoods will be most competitive in 2015? Next month, we’ll be publishing our Hottest Neighborhoods in 2015 report, an analysis of Redfin.com user activity data and local Redfin agent insights to look ahead at which neighborhoods will be the hottest in the year to come.

Avatar

Troy Martin

Troy analyzes real estate trends for Redfin’s research team. He previously worked as a consultant on data validation and visualization for the World Bank, an economist for the Bureau of Economic Analysis and an analyst at the Center for Labor Market Studies.

Email Troy

Be the first to see the latest real estate news:

  • This field is for validation purposes and should be left unchanged.

By submitting your email you agree to Redfin’s Terms of Use and Privacy Policy

Scroll to Top