Home Prices Rose 13% in December, Sales Up 16%

Home Prices Rose 13% in December, Sales Up 16%

by
Updated on August 3rd, 2021

Pending-sales growth of 35% far outpaced that of new listings, up 14%.

The national median home-sale price rose 13% year over year to $334,300 in December. Homebuying demand barely slowed during what is typically one of the slowest months of the year. Closed home sales were up 16% from a year earlier and pending sales were up 35%, while new listings were up just 14%. The housing market’s continued intensity is due in large part to the continued decline in home mortgage interest rates.

“The December housing market felt more like spring than winter,” said Redfin chief economist Daryl Fairweather. “Right now homebuying demand is seemingly endless, and although new listings are up from a year ago, it’s not nearly enough to keep up with demand. This inventory shortage is especially dire in places that have become hot migration destinations during the pandemic, like Salt Lake City.”

Median prices increased in each of the 85 largest metro areas Redfin tracks. The smallest price gains compared to a year earlier were in San Francisco (+3%). The largest price increases were in Bridgeport, CT (+28%), Camden, NJ (+24%) and New Brunswick, NJ (+21%).

“It seems no matter how high we price some homes, buyers are willing to pay more,” said Grand Rapids, MI Redfin real estate agent Shellie Silva. Buyers—especially out of-towners—are offering up to $30,000 in cash to cover any appraisal gap in addition to waiving inspection contingencies. A lot of the demand is coming from people moving here from the Chicago area, drawn by low property taxes and relatively affordable housing.”

Home Price Gains Slowed in December

Market Summary December 2020 Month-Over-Month Year-Over-Year
Median sale price $334,300 -0.2% 13.1%
Homes sold, seasonally-adjusted 637,600 -3.8% 16.2%
Pending sales, seasonally-adjusted 629,700 1.4% 35.4%
New listings, seasonally-adjusted 680,900 1.3% 13.6%
All Homes for sale, seasonally-adjusted 1,642,800 -1.1% -22.3%
Median days on market 30 3 -20
Months of supply 1.2 -0.4 -1.3
Sold above list 33.4% -1.6 pts 13.4 pts
Median Off-Market Redfin Estimate $318,100 -0.2% 14.5%
Average Sale-to-list 99.4% -0.1 pts 1.4 pts
Average 30-year fixed mortgage rate 2.68% -0.09 pts -1.04 pts
† – ‘pts’ = percentage point change

Home sales were up 16% in December from a year earlier on a seasonally-adjusted basis, down from the record high of 25% set in October, but still the fourth-highest level on record.

The number of homes sold in December was up from a year earlier in the 85 largest metro areas Redfin tracks. The largest gains in sales were in Bridgeport, CT (+52%), New Brunswick, NJ (+47%) and Oxnard, CA (+41%). The metro areas with the smallest increase in the number of homes sold were Fresno, CA and Miami, both of which had gains of just 3%.

Home Sales Up 16% in December From 2019

Active listings—the count of all homes that were for sale at any time during the month—fell 22% year over year to their lowest level on record in December, the 17th-straight month of declines.

Decline in Homes for Sale Hit a Record Low in December

Only five of the 85 largest metros tracked by Redfin posted a year-over-year increase in the count of seasonally-adjusted active listings of homes for sale. The largest gains were in San Francisco (+78%), New York City (+28%) and San Jose, CA (+25%).

Compared to a year ago, the biggest declines in active housing supply in December were in Salt Lake City (-57%), Kansas City, MO (-51%) and Allentown, PA (-49%).

The number of new listings of homes for sale increased 14% in December from a year earlier, a solid gain, but still dwarfed by the gain over the same period in pending sales, which were up 35%.

New Listings Up 13.6% From 2019 in December

Measures of competition such as time on market and the share of homes sold above list price were at their most extreme December levels on record. However, they did finally ease slightly from November, following a more typical seasonal trend, but this only offered a small amount of relief for homebuyers.

The typical home that sold in December went under contract in 30 days—20 days less than a year earlier.

Time on Market Rose Slightly in December

In December 33% of homes sold above list price, down slightly from the peak in November, but up from 20% a year earlier.

Share of Homes Sold Above List Price Fell in December


Other December Highlights

Competition

Prices

Sales

  • Bridgeport, CT led the nation in year-over-year sales growth, up 51.8%, followed by New Brunswick, NJ, up 46.9%. Oxnard, CA rounded out the top three with sales up 40.6% from a year ago.
  • No metros saw a decline in sales since last year.

Inventory

Redfin Estimate

Below are market-by-market breakdowns for prices, inventory, new listings and sales for markets with populations of 750,000 or more. For downloadable data on all of the markets Redfin tracks, visit the Redfin Data Center.

Median Sale Price

Redfin Metro Median Sale Price Month-Over-Month Year-Over-Year
Albany, NY $240,000 1.1% 11.4%
Allentown, PA $240,000 -2.2% 17.1%
Anaheim, CA $800,000 1.1% 10.7%
Atlanta, GA $284,700 1.0% 13.7%
Austin, TX $370,000 1.4% 15.2%
Bakersfield, CA $284,000 -0.4% 13.1%
Baltimore, MD $305,000 -4.7% 8.9%
Baton Rouge, LA $225,000 -3.4% 4.7%
Birmingham, AL $232,000 -1.7% 9.9%
Boston, MA $550,000 -0.2% 10.0%
Bridgeport, CT $498,800 7.3% 27.9%
Buffalo, NY $180,000 -1.6% 12.5%
Camden, NJ $240,000 0.0% 24.4%
Charleston, SC $319,400 -1.7% 14.1%
Charlotte, NC $297,500 -0.8% 10.2%
Chicago, IL $270,000 0.0% 12.1%
Cincinnati, OH $215,000 -1.4% 15.0%
Cleveland, OH $173,000 0.2% 19.3%
Columbus, OH $245,000 1.7% 16.7%
Dallas, TX $323,900 0.3% 9.1%
Dayton, OH $160,000 0.1% 19.5%
Denver, CO $452,000 -1.7% 9.2%
Detroit, MI $155,000 -3.1% 14.8%
El Paso, TX $184,300 2.3% 7.5%
Elgin, IL $245,500 -5.6% 14.2%
Fort Lauderdale, FL $315,000 -1.6% 13.5%
Fort Worth, TX $274,900 2.5% 11.3%
Frederick, MD $440,000 -2.2% 6.0%
Fresno, CA $323,000 0.9% 16.7%
Grand Rapids, MI $230,000 -0.9% 12.2%
Greensboro, NC $203,400 -1.3% 18.3%
Greenville, SC $243,800 -0.9% 14.5%
Hartford, CT $255,000 -0.1% 16.0%
Houston, TX $273,000 1.1% 7.5%
Indianapolis, IN $220,000 -0.5% 13.9%
Jacksonville, FL $268,500 2.5% 13.3%
Kansas City, MO $244,000 -2.6% 9.9%
Knoxville, TN $249,900 0.0% 13.6%
Lake County, IL $260,000 2.0% 16.1%
Las Vegas, NV $320,000 0.0% 8.5%
Los Angeles, CA $730,000 1.4% 12.3%
Louisville, KY $220,000 -2.4% 11.1%
McAllen, TX $185,000 0.0% 15.2%
Memphis, TN $225,000 2.3% 17.2%
Miami, FL $367,000 3.4% 16.5%
Milwaukee, WI $229,900 -4.2% 5.5%
Minneapolis, MN $309,000 -0.3% 10.4%
Montgomery County, PA $352,500 -2.1% 11.9%
Nashville, TN $329,900 -1.5% 5.1%
Nassau County, NY $535,000 0.5% 15.1%
New Brunswick, NJ $384,600 1.2% 20.6%
New Haven, CT $250,000 0.0% 17.4%
New Orleans, LA $250,000 -2.3% 8.7%
New York, NY $550,000 -0.7% 10.2%
Newark, NJ $427,000 -0.7% 16.7%
North Port, FL $324,900 2.5% 13.4%
Oakland, CA $816,600 -2.8% 12.6%
Oklahoma City, OK $207,000 -1.4% 11.9%
Omaha, NE $225,000 -5.1% 10.3%
Orlando, FL $290,000 -0.3% 8.3%
Oxnard, CA $685,000 -2.8% 13.2%
Philadelphia, PA $245,000 -2.0% 15.4%
Phoenix, AZ $340,000 1.5% 16.0%
Pittsburgh, PA $195,600 1.1% 15.0%
Portland, OR $450,000 0.0% 12.5%
Providence, RI $335,000 1.5% 16.3%
Raleigh, NC $315,000 -0.9% 8.2%
Richmond, VA $295,000 1.9% 10.7%
Riverside, CA $450,000 1.8% 17.8%
Rochester, NY $172,000 1.2% 15.2%
Sacramento, CA $475,000 0.8% 14.5%
Salt Lake City, UT $400,000 2.0% 14.9%
San Antonio, TX $262,500 1.7% 11.7%
San Diego, CA $660,000 0.0% 12.8%
San Francisco, CA $1,355,000 -3.2% 3.0%
San Jose, CA $1,195,000 -0.4% 13.3%
Seattle, WA $625,000 -0.8% 9.6%
St. Louis, MO $207,200 -0.9% 12.0%
Tacoma, WA $435,000 -1.1% 16.3%
Tampa, FL $275,000 0.0% 12.2%
Tucson, AZ $262,900 -0.8% 10.8%
Tulsa, OK $210,000 2.4% 17.0%
Urban Honolulu, HI $650,000 4.0% 5.0%
Virginia Beach, VA $265,000 -1.9% 10.5%
Warren, MI $239,900 -0.9% 14.2%
Washington, D.C. $450,000 0.0% 7.4%
West Palm Beach, FL $348,000 7.3% 20.0%
Worcester, MA $320,000 -1.1% 13.3%
National $334,300 -0.2% 13.1%

Homes Sold

Redfin Metro Homes Sold Month-Over-Month Year-Over-Year
Albany, NY 1,162 7.6% 35.3%
Allentown, PA 1,063 0.4% 28.5%
Anaheim, CA 3,101 7.9% 24.7%
Atlanta, GA 10,004 7.8% 11.1%
Austin, TX 3,432 3.6% 9.9%
Bakersfield, CA 929 10.3% 33.5%
Baltimore, MD 4,250 2.9% 22.8%
Baton Rouge, LA 1,066 3.5% 36.8%
Birmingham, AL 1,464 3.8% 16.7%
Boston, MA 5,114 11.9% 17.5%
Bridgeport, CT 1,594 4.4% 51.8%
Buffalo, NY 1,307 4.6% 15.8%
Camden, NJ 2,049 13.0% 32.2%
Charleston, SC 1,801 12.2% 24.9%
Charlotte, NC 4,384 7.0% 12.4%
Chicago, IL 9,123 7.6% 30.3%
Cincinnati, OH 2,808 0.8% 17.8%
Cleveland, OH 2,827 11.0% 25.2%
Columbus, OH 2,608 -2.0% 10.6%
Dallas, TX 6,362 9.8% 8.4%
Dayton, OH 1,049 0.9% 13.2%
Denver, CO 4,982 -1.9% 14.7%
Detroit, MI 1,903 1.5% 11.4%
El Paso, TX 956 14.5% 26.0%
Elgin, IL 1,049 -9.5% 35.4%
Fort Lauderdale, FL 3,602 15.5% 21.0%
Fort Worth, TX 3,232 14.7% 17.8%
Frederick, MD 1,856 10.0% 30.3%
Fresno, CA 796 2.2% 3.1%
Grand Rapids, MI 1,263 -12.9% 10.7%
Greensboro, NC 912 5.3% 14.7%
Greenville, SC 1,282 13.4% 15.2%
Hartford, CT 1,847 12.7% 39.2%
Houston, TX 9,802 18.8% 22.2%
Indianapolis, IN 3,237 2.9% 20.3%
Jacksonville, FL 2,833 13.1% 11.4%
Kansas City, MO 3,188 -0.3% 15.3%
Knoxville, TN 1,330 7.4% 14.7%
Lake County, IL 1,159 -10.5% 28.6%
Las Vegas, NV 4,138 9.4% 27.7%
Los Angeles, CA 7,176 16.1% 24.7%
Louisville, KY 1,424 0.2% 23.5%
McAllen, TX 315 2.6% 8.6%
Memphis, TN 1,210 13.1% 16.3%
Miami, FL 2,780 8.1% 3.1%
Milwaukee, WI 1,800 -7.8% 22.2%
Minneapolis, MN 5,271 -9.6% 20.2%
Montgomery County, PA 2,661 1.7% 26.0%
Nashville, TN 4,058 18.6% 20.8%
Nassau County, NY 3,670 16.7% 33.4%
New Brunswick, NJ 4,288 13.8% 46.9%
New Haven, CT 1,194 -0.2% 37.7%
New Orleans, LA 1,470 14.0% 39.2%
New York, NY 6,410 25.3% 34.6%
Newark, NJ 2,943 8.9% 32.2%
North Port, FL 2,727 15.5% 34.2%
Oakland, CA 2,806 -0.2% 35.0%
Oklahoma City, OK 2,076 9.6% 22.8%
Omaha, NE 1,167 -6.8% 15.1%
Orlando, FL 4,516 9.5% 13.8%
Oxnard, CA 873 5.7% 40.6%
Philadelphia, PA 2,392 0.3% 11.7%
Phoenix, AZ 9,538 8.9% 26.5%
Pittsburgh, PA 2,449 3.3% 17.1%
Portland, OR 3,628 -1.6% 21.4%
Providence, RI 2,306 8.5% 23.2%
Raleigh, NC 2,750 10.5% 12.3%
Richmond, VA 1,811 7.9% 19.6%
Riverside, CA 6,010 11.9% 35.6%
Rochester, NY 1,127 -4.3% 5.3%
Sacramento, CA 3,052 -0.8% 28.8%
Salt Lake City, UT 1,620 -2.0% 14.6%
San Antonio, TX 3,117 8.3% 10.7%
San Diego, CA 3,546 5.0% 24.4%
San Francisco, CA 1,217 1.2% 39.9%
San Jose, CA 1,359 -8.1% 28.7%
Seattle, WA 4,362 -2.4% 18.6%
St. Louis, MO 3,855 2.0% 19.5%
Tacoma, WA 1,512 2.7% 24.9%
Tampa, FL 5,996 8.0% 11.0%
Tucson, AZ 1,759 18.1% 25.3%
Tulsa, OK 1,428 15.7% 35.9%
Urban Honolulu, HI 918 26.1% 25.6%
Virginia Beach, VA 2,726 14.4% 29.7%
Warren, MI 3,805 1.2% 22.2%
Washington, D.C. 6,993 4.4% 25.0%
West Palm Beach, FL 3,515 18.8% 24.0%
Worcester, MA 1,265 9.5% 22.3%
National 637,600 -3.8% 16.2%

New Listings

Redfin Metro New Listings Month-Over-Month Year-Over-Year
Albany, NY 568 -32.9% 25.7%
Allentown, PA 335 -41.0% -25.6%
Anaheim, CA 1,866 -19.9% 47.3%
Atlanta, GA 6,614 -15.3% 6.7%
Austin, TX 2,283 -13.2% 28.3%
Bakersfield, CA 640 -15.7% 28.3%
Baltimore, MD 2,697 -21.7% 27.8%
Baton Rouge, LA 538 -22.7% -19.1%
Birmingham, AL 899 -23.7% 12.5%
Boston, MA 2,221 -37.9% 44.5%
Bridgeport, CT 820 -25.7% 55.6%
Buffalo, NY 580 -32.9% 14.2%
Camden, NJ 1,237 -25.5% 15.8%
Charleston, SC 1,062 -16.4% 12.1%
Charlotte, NC 1,997 -31.1% -18.1%
Chicago, IL 5,199 -26.5% 15.0%
Cincinnati, OH 1,811 -22.1% 22.8%
Cleveland, OH 1,493 -32.0% 3.6%
Columbus, OH 1,687 -22.2% 20.6%
Dallas, TX 4,249 -14.1% 7.1%
Dayton, OH 658 -30.4% 6.5%
Denver, CO 2,756 -19.3% 21.8%
Detroit, MI 1,396 -17.7% 1.5%
El Paso, TX 742 -6.0% 18.9%
Elgin, IL 590 -17.5% 21.4%
Fort Lauderdale, FL 2,772 -10.3% 1.2%
Fort Worth, TX 2,117 -14.7% 2.2%
Frederick, MD 1,155 -17.3% 63.6%
Fresno, CA 523 -20.6% 12.2%
Grand Rapids, MI 772 -20.2% 12.0%
Greensboro, NC 459 -17.6% -9.3%
Greenville, SC 870 -16.3% 6.5%
Hartford, CT 890 -34.0% 21.4%
Houston, TX 6,920 -12.9% 17.8%
Indianapolis, IN 1,881 -25.9% 20.3%
Jacksonville, FL 1,986 -10.5% 10.2%
Kansas City, MO 1,034 -45.1% -32.0%
Knoxville, TN 730 -29.2% 10.6%
Lake County, IL 648 -25.2% 27.3%
Las Vegas, NV 2,914 -12.2% 29.6%
Los Angeles, CA 4,674 -22.3% 40.8%
Louisville, KY 1,023 -18.8% 41.1%
McAllen, TX 383 -9.9% 31.6%
Memphis, TN 800 -19.1% 4.0%
Miami, FL 2,996 -10.5% 6.4%
Milwaukee, WI 1,017 -22.2% 16.8%
Minneapolis, MN 2,719 -24.3% 29.5%
Montgomery County, PA 1,382 -27.6% 24.8%
Nashville, TN 2,640 -14.9% 16.5%
Nassau County, NY 1,907 -27.7% 20.5%
New Brunswick, NJ 2,039 -29.4% 22.4%
New Haven, CT 659 -33.8% 31.5%
New Orleans, LA 1,047 -21.2% 16.6%
New York, NY 4,533 -31.2% 32.9%
Newark, NJ 1,409 -31.3% 26.6%
North Port, FL 1,933 -10.5% 8.5%
Oakland, CA 1,641 -24.4% 86.1%
Oklahoma City, OK 1,499 -15.8% 8.8%
Omaha, NE 709 -12.9% 18.8%
Orlando, FL 3,374 -12.3% 6.3%
Oxnard, CA 607 -5.9% 51.4%
Philadelphia, PA 1,734 -27.7% 21.6%
Phoenix, AZ 5,827 -22.0% 11.4%
Pittsburgh, PA 1,227 -32.2% -1.0%
Portland, OR 1,989 -20.0% 41.4%
Providence, RI 1,289 -25.0% 27.6%
Raleigh, NC 1,606 -15.2% 16.1%
Richmond, VA 1,057 -22.2% 27.5%
Riverside, CA 3,751 -20.2% 20.8%
Rochester, NY 487 -39.9% -8.8%
Salt Lake City, UT 403 -56.2% -44.3%
San Antonio, TX 2,200 -15.2% -2.7%
San Diego, CA 2,138 -20.3% 27.7%
San Francisco, CA 538 -44.7% 84.9%
San Jose, CA 874 -18.3% 138.8%
Seattle, WA 2,452 -17.5% 56.8%
St. Louis, MO 1,414 -39.7% -23.5%
Tacoma, WA 865 -15.1% 29.9%
Tampa, FL 4,426 -11.9% 6.3%
Tucson, AZ 1,156 -15.8% 14.9%
Tulsa, OK 917 -17.9% 1.8%
Urban Honolulu, HI 551 -25.3% -7.1%
Virginia Beach, VA 1,944 -11.8% 38.1%
Warren, MI 2,147 -27.0% 17.8%
Washington, D.C. 4,398 -23.0% 46.4%
West Palm Beach, FL 3,000 -9.8% 6.8%
Worcester, MA 626 -30.4% 36.1%
National 680,900 1.3% 13.6%

All Homes for Sale

Redfin Metro All Homes for Sale Month-Over-Month Year-Over-Year
Albany, NY 2,432 -18.5% -29.4%
Allentown, PA 1,307 -24.5% -48.9%
Anaheim, CA 7,008 -17.4% -11.3%
Atlanta, GA 20,971 -14.2% -34.9%
Austin, TX 6,829 -15.8% -19.2%
Bakersfield, CA 1,851 -12.2% -20.5%
Baltimore, MD 8,422 -15.4% -30.1%
Baton Rouge, LA 2,432 -11.8% -44.7%
Birmingham, AL 4,031 -12.9% -21.5%
Boston, MA 9,158 -26.9% -7.7%
Bridgeport, CT 4,971 -16.7% -13.9%
Buffalo, NY 1,638 -23.0% -37.0%
Camden, NJ 4,108 -14.9% -34.6%
Charleston, SC 5,231 -9.6% -19.3%
Charlotte, NC 9,082 -16.9% -32.0%
Chicago, IL 25,660 -15.4% -20.3%
Cincinnati, OH 7,287 -13.5% -11.7%
Cleveland, OH 6,090 -17.5% -32.7%
Columbus, OH 6,018 -17.2% -18.4%
Dallas, TX 13,740 -15.9% -35.7%
Dayton, OH 2,390 -14.4% -18.3%
Denver, CO 6,157 -25.3% -33.7%
Detroit, MI 4,591 -14.4% -33.7%
El Paso, TX 2,527 -5.8% -25.1%
Elgin, IL 1,800 -18.4% -47.1%
Fort Lauderdale, FL 14,170 -6.1% -12.5%
Fort Worth, TX 6,167 -17.0% -33.7%
Frederick, MD 3,277 -16.5% -18.4%
Fresno, CA 1,271 -15.9% -39.1%
Grand Rapids, MI 1,989 -19.4% -37.6%
Greensboro, NC 1,734 -17.2% -40.3%
Greenville, SC 3,916 -9.1% -18.1%
Hartford, CT 4,495 -19.0% -23.1%
Houston, TX 24,639 -9.1% -23.2%
Indianapolis, IN 4,918 -19.6% -33.2%
Jacksonville, FL 6,316 -12.9% -30.0%
Kansas City, MO 4,048 -29.2% -50.8%
Knoxville, TN 3,612 -10.5% -19.9%
Lake County, IL 2,948 -16.6% -35.0%
Las Vegas, NV 10,682 -10.6% -14.1%
Los Angeles, CA 19,702 -13.6% 1.4%
Louisville, KY 3,104 -11.2% -19.4%
McAllen, TX 1,499 -2.9% -28.1%
Memphis, TN 2,700 -11.3% -26.5%
Miami, FL 17,408 -4.1% -15.9%
Milwaukee, WI 4,717 -19.5% -12.7%
Minneapolis, MN 9,090 -22.3% -21.4%
Montgomery County, PA 4,782 -19.3% -27.6%
Nashville, TN 8,870 -11.5% -29.9%
Nassau County, NY 9,251 -12.6% -21.2%
New Brunswick, NJ 8,849 -16.6% -30.2%
New Haven, CT 3,356 -18.7% -14.0%
New Orleans, LA 3,929 -9.7% -26.7%
New York, NY 39,406 -6.0% 27.7%
Newark, NJ 7,423 -14.3% -16.5%
North Port, FL 5,707 -9.8% -31.6%
Oakland, CA 3,799 -24.0% 7.6%
Oklahoma City, OK 4,350 -9.1% -28.3%
Omaha, NE 1,665 -15.7% -32.3%
Orlando, FL 10,716 -9.6% -16.3%
Oxnard, CA 1,955 -11.7% -13.5%
Philadelphia, PA 7,880 -12.5% -3.4%
Phoenix, AZ 17,710 -15.9% -18.0%
Pittsburgh, PA 7,794 -15.3% -20.1%
Portland, OR 5,105 -21.7% -32.4%
Providence, RI 4,694 -17.1% -24.6%
Raleigh, NC 5,727 -14.9% -26.5%
Richmond, VA 2,604 -20.0% -34.8%
Riverside, CA 12,510 -15.0% -30.9%
Rochester, NY 1,429 -30.6% -41.1%
Sacramento, CA 4,244 -54.6% -27.3%
Salt Lake City, UT 1,430 -42.8% -56.8%
San Antonio, TX 7,241 -15.0% -38.7%
San Diego, CA 5,588 -18.2% -23.4%
San Francisco, CA 3,314 -23.5% 76.7%
San Jose, CA 2,575 -21.1% 24.6%
Seattle, WA 5,889 -23.0% -7.9%
St. Louis, MO 6,442 -23.4% -39.9%
Tacoma, WA 1,595 -24.1% -22.5%
Tampa, FL 11,650 -10.4% -31.3%
Tucson, AZ 4,131 -11.3% -15.9%
Tulsa, OK 2,653 -13.7% -33.0%
Urban Honolulu, HI 3,267 -8.0% -21.7%
Virginia Beach, VA 5,389 -12.0% -25.8%
Warren, MI 7,017 -19.5% -32.8%
Washington, D.C. 14,253 -15.4% -5.0%
West Palm Beach, FL 13,970 -4.4% -11.3%
Worcester, MA 1,988 -23.1% -31.1%
National 1,642,800 -1.1% -22.3%

Median Off-Market Redfin Estimate

Redfin Metro Estimate Month-Over-Month Year-Over-Year
Albany, NY $211,400 0.9% 8.4%
Allentown, PA $227,800 1.2% 9.4%
Anaheim, CA $773,100 0.9% 7.4%
Atlanta, GA $249,200 1.2% 9.9%
Austin, TX $322,500 1.1% 9.7%
Bakersfield, CA $211,300 0.1% 11.5%
Baltimore, MD $288,600 0.9% 8.4%
Baton Rouge, LA $136,600 0.9% 7.8%
Birmingham, AL $144,000 1.1% 10.2%
Boston, MA $555,800 0.6% 7.7%
Bridgeport, CT $408,900 1.0% 5.2%
Buffalo, NY $162,300 0.8% 10.0%
Camden, NJ $224,200 1.3% 11.0%
Charlotte, NC $227,700 1.2% 13.5%
Chicago, IL $271,600 -0.2% 4.7%
Cincinnati, OH $177,500 0.9% 10.0%
Cleveland, OH $152,000 0.8% 9.9%
Columbus, OH $214,000 0.7% 10.9%
Dallas, TX $272,200 1.1% 6.7%
Dayton, OH $133,600 0.7% 9.6%
Denver, CO $436,200 0.6% 7.6%
Detroit, MI $111,300 1.1% 9.0%
Elgin, IL $241,500 0.5% 5.4%
Fort Lauderdale, FL $288,400 1.0% 8.3%
Fort Worth, TX $233,700 0.8% 8.0%
Frederick, MD $436,000 0.8% 6.5%
Fresno, CA $281,200 0.9% 10.3%
Grand Rapids, MI $185,600 0.9% 11.7%
Greensboro, NC $150,800 1.7% 12.7%
Greenville, SC $171,300 0.8% 10.1%
Hartford, CT $233,900 0.7% 5.6%
Houston, TX $211,300 1.1% 8.3%
Indianapolis, IN $178,400 0.7% 11.1%
Jacksonville, FL $224,900 0.9% 9.1%
Kansas City, MO $195,600 0.7% 9.1%
Knoxville, TN $193,400 1.2% 11.1%
Lake County, IL $229,200 0.6% 6.0%
Las Vegas, NV $298,300 0.7% 6.5%
Los Angeles, CA $687,100 1.1% 8.4%
Louisville, KY $188,400 0.9% 8.9%
Memphis, TN $161,700 0.9% 13.6%
Miami, FL $329,800 0.7% 5.6%
Milwaukee, WI $220,800 0.3% 13.3%
Minneapolis, MN $289,300 0.6% 7.6%
Montgomery County, PA $345,500 0.8% 7.9%
Nashville, TN $294,900 0.9% 9.4%
Nassau County, NY $518,800 1.2% 8.1%
New Brunswick, NJ $371,600 1.3% 8.8%
New Haven, CT $235,800 1.0% 7.3%
New Orleans, LA $181,300 0.8% 8.1%
Newark, NJ $396,600 1.8% 9.8%
North Port, FL $250,900 1.1% 8.1%
Oakland, CA $829,200 0.8% 8.9%
Oklahoma City, OK $155,600 0.7% 9.2%
Omaha, NE $203,200 0.8% 8.9%
Orlando, FL $248,600 1.2% 8.0%
Oxnard, CA $638,200 1.3% 7.8%
Philadelphia, PA $207,300 1.0% 11.6%
Phoenix, AZ $299,300 1.5% 13.1%
Pittsburgh, PA $146,100 1.0% 11.3%
Portland, OR $422,600 0.7% 7.4%
Providence, RI $320,100 1.2% 11.3%
Raleigh, NC $273,500 0.7% 8.6%
Richmond, VA $252,700 0.8% 9.0%
Riverside, CA $362,300 1.6% 11.6%
Rochester, NY $154,300 0.5% 8.3%
Sacramento, CA $438,600 0.0% 8.0%
Salt Lake City, UT $384,800 1.2% 11.3%
San Antonio, TX $196,600 0.6% 8.2%
San Diego, CA $653,300 1.1% 10.6%
San Francisco, CA $1,361,900 -0.4% 0.7%
San Jose, CA $1,206,600 0.6% 8.1%
Seattle, WA $603,900 1.0% 11.1%
St. Louis, MO $168,200 0.6% 8.2%
Tacoma, WA $403,800 2.0% 15.7%
Tampa, FL $237,000 1.3% 10.3%
Tucson, AZ $222,500 1.2% 12.4%
Tulsa, OK $141,800 0.9% 10.3%
Urban Honolulu, HI $718,400 0.6% 2.8%
Virginia Beach, VA $248,200 0.8% 8.7%
Warren, MI $225,400 0.6% 8.3%
Washington, D.C. $423,900 0.8% 7.2%
West Palm Beach, FL $290,600 0.8% 7.0%
Worcester, MA $303,100 1.1% 10.4%
National $318,100 -0.2% 14.5%
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Tim Ellis

Tim Ellis has been analyzing the real estate market since 2005, and worked at Redfin as a housing market analyst from 2010 through 2013 and again starting in 2018. In his free time, he runs the independently-operated Seattle-area real estate website Seattle Bubble, and produces the "Dispatches from the Multiverse" improvised comedy sci-fi podcast.

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