Homes Sold in November Went Off Market at the Fastest Pace in At Least 8 Years

Homes Sold in November Went Off Market at the Fastest Pace in At Least 8 Years

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The typical home that sold in November spent just 27 days on market, a new low, and 35% of homes sold above list price, a new high.

Home prices surged 14% and sales were up 23%; supply fell by as much to an all-time low.

The national median home price rose 14.0% year over year to $335,519 in November—the second-largest annual increase on record as far back as our data goes (2012), bested only by a 14.5% gain in July 2013. These near-record gains are fueled by an extreme imbalance between homebuying demand and the supply of homes for sale. Closed home sales surged 23% from a year earlier and pending sales were up 37%, while new listings were up just 8%.

“Neither the election nor the Thanksgiving holiday weekend curbed homebuyers’ appetite in November,” said Redfin chief economist Daryl Fairweather. “I personally bought a home last month because I knew if I didn’t seal the deal by then, I would have to wait until January for more new listings to hit the market to find one that checked all of my boxes. Plus, there is no guarantee mortgage rates will stay this low for much longer. And like most buyers this time of year, once I had it in my head that it was time to move, I wanted to be settled in my new home in time for the holidays.”

The housing market set multiple records in November for time on market, the share of homes sold above list price and the number of homes for sale. The rate of home price and sales growth are also both near their all-time highs, suggesting that November may be the hottest housing market on record.

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 (+1.8%). The largest price increases were in Bridgeport, CT (+22%), Newark, NJ (+22%) and Memphis, TN (+20%). Nationally, home price increases leveled off in November close to the all-time high.

“Memphis’ low cost of living is attracting a lot of newly-mobile people here from big cities,” said Redfin Memphis real estate agent David Taube. “Most homes receive multiple offers within a day or two of hitting the market. It’s stressful for local homebuyers, because now they have to offer well above list price to have a chance at competing with an out-of-towner’s offer.”

This is the second month in a row that the Bridgeport and Newark areas have seen the largest price gains in the nation as they continue to see an influx of newly work-from-home buyers moving from New York City in search of more space.

Home Price Gains in November Highest Since 2013

Market Summary November 2020 Month-Over-Month Year-Over-Year
Median sale price $335,500 0.2% 14.0%
Homes sold, seasonally-adjusted 668,000 0.8% 23.2%
Pending sales, seasonally-adjusted 628,800 2.8% 36.6%
New listings, seasonally-adjusted 657,800 -4.3% 8.0%
All Homes for sale, seasonally-adjusted 1,639,300 -2.1% -23.1%
Median days on market 27 -1 -18
Months of supply 1.6 0 -1.5
Sold above list 34.9% 0.1 pts 13.6 pts
Median Off-Market Redfin Estimate $319,600 -1.4% 10.0%
Average Sale-to-list 99.5% 0.0 pts 1.4 pts
Average 30-year fixed mortgage rate 2.77% -0.06 pts -0.93 pts
† – ‘pts’ = percentage point change

Home sales were up 23% in November from a year earlier on a seasonally-adjusted basis, down slightly from the record high of 25% set in October.

The number of homes sold in November was up from a year earlier in all but one of the 85 largest metro areas Redfin tracks. The largest gains in sales were in Bridgeport, CT (+65%), Lake County, IL (+45%) and Elgin, IL (+44%). The only market that saw a decrease in the number of homes sold was Honolulu (-0.8%).

Home Sales Surged 23% in November From 2019

Active listings—the count of all homes that were for sale at any time during the month—fell 23% year over year to their lowest level on record in November, the 16th-straight month of declines.

Decline in Homes for Sale Hit a Record Low in November

Only two 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: San Francisco (+72%) and New York City (+32%). The number of homes for sale continued to build up in these markets as growth in new listings (53% and 37% year over year, respectively) dwarfs increases in home sales (+23% and +21%).

Compared to a year ago, the biggest declines in active housing supply in November were in Kansas City, MO (-50%), Salt Lake City (-54%) and Elgin, IL (+45%).

The number of new listings of homes for sale increased 8% in November from a year earlier, a slight dip from the seven-year high in October. Increases in new listings are still being heavily outpaced by increases in pending sales, which were up 37% year over year in November.

More New Listings in November Than a Year Earlier

Measures of competition such as time on market and the share of homes sold above list price hit new records in November as they continued to run against the typical seasonal trend. This ongoing market dynamic is a reflection of the severe imbalance between the number of homebuyers and sellers in the market.

The typical home that sold in November went under contract in 27 days—18 days less than a year earlier–a new all-time low since the beginning of Redfin’s data in 2012.

Time on Market Fell in November, Defying Seasonality

Typically during the last few months of the year homes spend more time on the market and the share of homes that sell above list price declines. This year the ongoing pandemic and recession has thrown the housing market into disarray, completely upending the typical seasonal trends.

In November 35% of homes sold above list price—the highest level in our data, which goes back through 2012—up from 21% a year earlier.

Share of Homes Sold Above List Price Hit a Record High


Other November Highlights

Competition

Prices

  • Bridgeport, CT had the nation’s highest price growth, rising 22.4% since last year to $465,000. Newark, NJ had the second highest growth at 21.6% year-over-year price growth, followed by Memphis, TN (20.3%), Cincinnati (20.1%), and Camden, NJ (20%).
  • No metros saw price declines in November.

Sales

  • Bridgeport, CT led the nation in year-over-year sales growth, up 64.7%, followed by Lake County, IL, up 44.7%. Elgin, IL rounded out the top three with sales up 44.4% from a year ago.
  • Only one metro area saw a decline in home sales from a year ago: Honolulu, where sales were down 0.8%.

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 $236,000 -2.3% 5.6%
Allentown, PA $245,500 0.2% 17.5%
Anaheim, CA $794,500 -0.1% 10.3%
Atlanta, GA $282,500 -0.9% 14.1%
Austin, TX $365,000 -0.8% 17.7%
Bakersfield, CA $286,000 1.4% 14.4%
Baltimore, MD $321,500 0.5% 16.9%
Baton Rouge, LA $232,500 -0.6% 17.4%
Birmingham, AL $236,000 -0.4% 12.4%
Boston, MA $550,000 0.0% 12.2%
Bridgeport, CT $465,000 -6.1% 22.4%
Buffalo, NY $185,000 -0.6% 16.4%
Camden, NJ $240,000 2.1% 20.0%
Charleston, SC $325,000 0.0% 19.9%
Charlotte, NC $299,900 1.3% 14.0%
Chicago, IL $270,000 -1.8% 11.3%
Cincinnati, OH $219,000 1.9% 20.1%
Cleveland, OH $173,000 -2.3% 15.3%
Columbus, OH $241,000 -3.6% 14.7%
Dallas, TX $324,600 0.2% 12.3%
Dayton, OH $160,000 -5.3% 14.4%
Denver, CO $459,900 -1.9% 10.3%
Detroit, MI $160,000 0.0% 14.3%
El Paso, TX $180,000 -1.6% 7.1%
Elgin, IL $260,000 1.2% 10.6%
Fort Lauderdale, FL $320,800 5.2% 16.6%
Fort Worth, TX $269,000 -0.7% 11.2%
Frederick, MD $450,000 0.0% 5.9%
Fresno, CA $320,000 -2.1% 10.7%
Grand Rapids, MI $234,900 -1.4% 14.0%
Greensboro, NC $205,000 0.0% 17.1%
Greenville, SC $246,000 -1.6% 13.7%
Hartford, CT $256,000 -1.5% 15.7%
Houston, TX $270,000 1.5% 10.7%
Indianapolis, IN $221,800 0.8% 18.5%
Jacksonville, FL $265,500 1.0% 13.0%
Kansas City, MO $250,500 0.2% 13.9%
Knoxville, TN $250,000 -2.0% 14.7%
Lake County, IL $256,500 -6.7% 10.6%
Las Vegas, NV $321,000 1.3% 11.5%
Los Angeles, CA $720,000 -2.0% 12.5%
Louisville, KY $225,800 -0.6% 18.8%
McAllen, TX $185,000 2.8% 15.7%
Memphis, TN $220,000 -6.4% 20.3%
Miami, FL $355,000 1.4% 12.7%
Milwaukee, WI $241,000 -2.0% 10.6%
Minneapolis, MN $310,000 -1.6% 10.5%
Montgomery County, PA $360,000 -1.4% 12.5%
Nashville, TN $335,000 -0.5% 8.9%
Nassau County, NY $534,900 0.9% 17.6%
New Brunswick, NJ $380,100 -0.8% 15.0%
New Haven, CT $250,000 -2.0% 17.9%
New Orleans, LA $256,000 0.4% 8.9%
New York, NY $555,000 0.9% 9.9%
Newark, NJ $435,000 1.2% 21.6%
North Port, FL $318,000 -2.2% 13.6%
Oakland, CA $840,000 2.4% 16.7%
Oklahoma City, OK $209,900 -2.4% 14.1%
Omaha, NE $237,900 1.7% 13.8%
Orlando, FL $290,000 2.1% 13.1%
Oxnard, CA $708,500 2.6% 16.1%
Philadelphia, PA $249,900 4.1% 15.2%
Phoenix, AZ $335,000 -0.9% 16.7%
Pittsburgh, PA $193,500 -3.2% 10.0%
Portland, OR $450,000 0.0% 9.0%
Providence, RI $330,800 -1.3% 11.8%
Raleigh, NC $320,000 1.6% 8.5%
Richmond, VA $289,000 -2.0% 12.5%
Riverside, CA $442,500 0.8% 16.4%
Rochester, NY $172,000 -2.5% 14.7%
Sacramento, CA $473,000 -1.3% 14.0%
Salt Lake City, UT $392,000 1.7% 13.6%
San Antonio, TX $258,000 -0.4% 13.4%
San Diego, CA $660,500 0.4% 10.1%
San Francisco, CA $1,400,000 -1.8% 1.8%
San Jose, CA $1,200,000 -3.4% 11.5%
Seattle, WA $630,000 -0.8% 13.1%
St. Louis, MO $210,000 -1.2% 15.4%
Tacoma, WA $440,000 3.0% 17.3%
Tampa, FL $275,000 2.2% 15.1%
Tucson, AZ $265,000 0.0% 17.8%
Tulsa, OK $205,000 -1.5% 19.5%
Urban Honolulu, HI $627,500 5.9% 9.1%
Virginia Beach, VA $270,000 1.9% 14.9%
Warren, MI $240,500 -0.7% 13.2%
Washington, D.C. $450,000 -1.7% 8.4%
West Palm Beach, FL $325,000 -1.7% 11.3%
Worcester, MA $324,500 -0.2% 18.0%
National $335,500 0.2% 14.0%

Homes Sold

Redfin Metro Homes Sold Month-Over-Month Year-Over-Year
Albany, NY 1,039 -7.1% 22.1%
Allentown, PA 1,043 -9.9% 17.3%
Anaheim, CA 2,857 -16.0% 26.0%
Atlanta, GA 9,110 -14.1% 16.3%
Austin, TX 3,211 -11.0% 16.7%
Bakersfield, CA 827 -7.0% 21.1%
Baltimore, MD 4,099 -11.4% 27.9%
Baton Rouge, LA 1,025 -7.8% 43.4%
Birmingham, AL 1,386 -14.8% 18.2%
Boston, MA 4,537 -12.5% 12.4%
Bridgeport, CT 1,525 -15.8% 64.7%
Buffalo, NY 1,190 -20.2% 7.5%
Camden, NJ 1,804 -16.4% 18.5%
Charleston, SC 1,593 -16.2% 25.9%
Charlotte, NC 3,997 -15.3% 13.2%
Chicago, IL 8,405 -20.3% 27.0%
Cincinnati, OH 2,753 -15.0% 14.8%
Cleveland, OH 2,534 -21.9% 11.4%
Columbus, OH 2,652 -15.5% 11.0%
Dallas, TX 5,657 -17.0% 20.9%
Dayton, OH 1,022 -15.3% 15.0%
Denver, CO 5,045 -18.9% 24.6%
Detroit, MI 1,821 -21.1% 13.0%
El Paso, TX 823 -13.3% 23.9%
Elgin, IL 1,155 -12.0% 44.4%
Fort Lauderdale, FL 3,006 -11.9% 17.5%
Fort Worth, TX 2,765 -18.6% 10.8%
Frederick, MD 1,679 -11.4% 28.2%
Fresno, CA 763 -13.5% 10.4%
Grand Rapids, MI 1,402 -17.4% 3.5%
Greensboro, NC 841 -19.4% 11.7%
Greenville, SC 1,130 -15.8% 23.1%
Hartford, CT 1,633 -16.4% 30.8%
Houston, TX 8,203 -12.4% 24.4%
Indianapolis, IN 3,146 -13.7% 19.1%
Jacksonville, FL 2,487 -16.3% 14.3%
Kansas City, MO 3,147 -15.2% 17.9%
Knoxville, TN 1,211 -15.4% 10.2%
Lake County, IL 1,273 -19.3% 44.7%
Las Vegas, NV 3,753 -5.8% 25.5%
Los Angeles, CA 6,202 -11.7% 12.4%
Louisville, KY 1,396 -10.1% 11.9%
McAllen, TX 292 -18.7% 2.8%
Memphis, TN 1,034 -16.7% 2.6%
Miami, FL 2,408 -20.7% 4.6%
Milwaukee, WI 1,923 -17.6% 22.3%
Minneapolis, MN 5,764 -20.2% 19.1%
Montgomery County, PA 2,604 -9.2% 27.1%
Nashville, TN 3,377 -17.2% 8.4%
Nassau County, NY 3,099 -12.9% 24.3%
New Brunswick, NJ 3,735 -19.7% 27.4%
New Haven, CT 1,191 -15.0% 39.3%
New Orleans, LA 1,277 -13.3% 19.2%
New York, NY 5,065 -12.7% 21.3%
Newark, NJ 2,678 -8.2% 39.9%
North Port, FL 2,343 -4.2% 38.6%
Oakland, CA 2,800 -0.9% 37.6%
Oklahoma City, OK 1,853 -16.8% 11.5%
Omaha, NE 1,244 -12.8% 12.4%
Orlando, FL 4,084 -8.4% 18.1%
Oxnard, CA 823 -11.2% 30.8%
Philadelphia, PA 2,401 -9.2% 22.1%
Phoenix, AZ 8,696 -8.7% 25.7%
Pittsburgh, PA 2,343 -16.0% 18.8%
Portland, OR 3,624 -14.6% 21.2%
Providence, RI 2,111 -10.7% 16.6%
Raleigh, NC 2,453 -11.0% 15.1%
Richmond, VA 1,716 -15.0% 17.9%
Riverside, CA 5,349 -11.9% 27.4%
Rochester, NY 1,146 -15.2% 8.6%
Sacramento, CA 3,034 -12.5% 27.3%
Salt Lake City, UT 1,598 -16.8% 11.1%
San Antonio, TX 2,773 -14.8% 13.1%
San Diego, CA 3,357 -10.8% 22.3%
San Francisco, CA 1,175 -7.6% 22.8%
San Jose, CA 1,476 -8.0% 29.4%
Seattle, WA 4,446 -20.3% 25.5%
St. Louis, MO 3,739 -13.6% 24.7%
Tacoma, WA 1,456 -12.3% 24.2%
Tampa, FL 5,498 -9.9% 10.6%
Tucson, AZ 1,453 -17.4% 9.5%
Tulsa, OK 1,222 -21.9% 13.9%
Urban Honolulu, HI 724 -14.0% -0.8%
Virginia Beach, VA 2,357 -14.5% 16.1%
Warren, MI 3,653 -19.5% 12.0%
Washington, D.C. 6,645 -14.0% 29.7%
West Palm Beach, FL 2,844 -18.4% 21.6%
Worcester, MA 1,144 -14.3% 15.1%
National 668,000 0.8% 23.2%

New Listings

Redfin Metro New Listings Month-Over-Month Year-Over-Year
Albany, NY 838 -30.9% 33.2%
Allentown, PA 447 -48.1% -35.4%
Anaheim, CA 2,330 -30.9% 24.1%
Atlanta, GA 7,699 -26.2% -0.3%
Austin, TX 2,603 -27.4% 8.3%
Bakersfield, CA 753 -27.6% 6.4%
Baltimore, MD 3,432 -31.2% 13.3%
Baton Rouge, LA 575 -25.5% -33.0%
Birmingham, AL 1,133 -26.3% 1.0%
Boston, MA 3,548 -42.2% 26.7%
Bridgeport, CT 1,089 -36.9% 47.8%
Buffalo, NY 862 -26.8% 16.8%
Camden, NJ 1,649 -27.0% 14.6%
Charleston, SC 1,268 -24.9% 0.1%
Charlotte, NC 2,579 -36.8% -19.1%
Chicago, IL 7,038 -34.0% 19.0%
Cincinnati, OH 2,315 -32.0% 8.5%
Cleveland, OH 2,174 -29.5% 9.8%
Columbus, OH 2,147 -31.6% 8.9%
Dallas, TX 4,830 -27.2% -7.0%
Dayton, OH 947 -26.3% 21.6%
Denver, CO 3,348 -40.7% 3.9%
Detroit, MI 1,692 -25.8% -4.7%
El Paso, TX 789 -14.8% 18.5%
Elgin, IL 705 -39.4% 2.6%
Fort Lauderdale, FL 3,018 -21.6% -11.7%
Fort Worth, TX 2,446 -22.5% -3.5%
Frederick, MD 1,396 -36.9% 21.7%
Fresno, CA 646 -23.6% -8.6%
Grand Rapids, MI 956 -42.3% -5.0%
Greensboro, NC 532 -24.3% -29.9%
Greenville, SC 1,023 -22.6% 9.4%
Hartford, CT 1,339 -34.5% 22.7%
Houston, TX 7,895 -22.2% 7.6%
Indianapolis, IN 2,510 -26.5% 16.2%
Jacksonville, FL 2,221 -26.1% -0.1%
Kansas City, MO 1,310 -57.0% -45.2%
Knoxville, TN 1,004 -28.9% -3.6%
Lake County, IL 856 -35.2% 9.2%
Las Vegas, NV 3,306 -21.3% 12.2%
Los Angeles, CA 5,997 -30.5% 21.5%
Louisville, KY 1,250 -27.4% 16.5%
McAllen, TX 424 -14.9% 17.1%
Memphis, TN 982 -22.7% -5.6%
Miami, FL 3,356 -13.8% -5.4%
Milwaukee, WI 1,287 -39.4% 9.5%
Minneapolis, MN 3,587 -43.1% 5.9%
Montgomery County, PA 1,899 -37.1% 5.4%
Nashville, TN 3,097 -21.6% 0.5%
Nassau County, NY 2,636 -30.2% 13.1%
New Brunswick, NJ 2,862 -32.8% 12.9%
New Haven, CT 981 -27.3% 36.8%
New Orleans, LA 1,302 -14.7% 11.1%
New York, NY 6,654 -31.0% 36.7%
Newark, NJ 2,025 -35.7% 17.8%
North Port, FL 2,135 -16.7% -8.7%
Oakland, CA 2,162 -36.5% 53.0%
Oklahoma City, OK 1,779 -15.0% 8.7%
Omaha, NE 810 -37.2% -3.9%
Orlando, FL 3,794 -21.2% -0.4%
Oxnard, CA 639 -30.4% 12.5%
Philadelphia, PA 2,470 -25.9% 14.9%
Phoenix, AZ 7,255 -29.5% 2.7%
Pittsburgh, PA 1,806 -32.4% 3.4%
Portland, OR 2,429 -39.8% 6.8%
Providence, RI 1,710 -33.5% 14.9%
Raleigh, NC 1,853 -31.8% -2.9%
Richmond, VA 1,378 -28.5% 16.5%
Riverside, CA 4,678 -26.5% 4.5%
Rochester, NY 812 -34.8% 3.6%
San Antonio, TX 2,619 -20.7% -3.3%
San Diego, CA 2,623 -32.6% 13.7%
San Francisco, CA 968 -45.5% 52.9%
San Jose, CA 1,071 -42.8% 59.4%
Seattle, WA 2,958 -42.5% 27.9%
St. Louis, MO 1,800 -50.2% -34.1%
Tacoma, WA 1,023 -34.3% 28.7%
Tampa, FL 4,935 -25.1% -5.8%
Tucson, AZ 1,369 -25.9% -3.4%
Tulsa, OK 1,112 -24.7% 15.4%
Urban Honolulu, HI 690 -18.1% -14.9%
Virginia Beach, VA 2,200 -26.1% 18.6%
Warren, MI 2,931 -31.1% 9.2%
Washington, D.C. 5,698 -34.6% 28.3%
West Palm Beach, FL 3,303 -14.0% -0.4%
Worcester, MA 896 -35.2% 5.8%
National 657,800 -4.3% 8.0%

All Homes for Sale

Redfin Metro All Homes for Sale Month-Over-Month Year-Over-Year
Albany, NY 2,881 -14.5% -27.6%
Allentown, PA 1,513 -28.4% -50.3%
Anaheim, CA 8,312 -15.2% -13.5%
Atlanta, GA 23,876 -13.3% -32.0%
Austin, TX 7,986 -16.7% -18.5%
Bakersfield, CA 2,079 -13.9% -20.8%
Baltimore, MD 9,857 -14.2% -29.5%
Baton Rouge, LA 2,508 -14.7% -46.8%
Birmingham, AL 4,473 -12.0% -21.0%
Boston, MA 12,479 -18.0% -8.1%
Bridgeport, CT 5,867 -14.2% -12.2%
Buffalo, NY 2,082 -20.1% -34.5%
Camden, NJ 4,776 -11.8% -31.7%
Charleston, SC 5,748 -10.5% -18.5%
Charlotte, NC 10,345 -16.4% -30.7%
Chicago, IL 30,278 -12.4% -19.1%
Cincinnati, OH 8,405 -11.8% -11.7%
Cleveland, OH 7,228 -13.8% -29.7%
Columbus, OH 7,230 -13.2% -17.1%
Dallas, TX 15,825 -15.9% -34.3%
Dayton, OH 2,786 -10.2% -16.3%
Denver, CO 8,108 -25.2% -30.1%
Detroit, MI 5,314 -13.9% -31.2%
El Paso, TX 2,664 -9.9% -25.1%
Elgin, IL 2,197 -21.8% -44.7%
Fort Lauderdale, FL 14,668 -7.2% -12.5%
Fort Worth, TX 7,234 -14.5% -29.7%
Frederick, MD 3,920 -15.6% -20.9%
Fresno, CA 1,483 -14.8% -39.7%
Grand Rapids, MI 2,455 -22.6% -36.0%
Greensboro, NC 1,907 -18.3% -40.9%
Greenville, SC 4,253 -7.5% -16.1%
Hartford, CT 5,407 -14.2% -20.4%
Houston, TX 26,764 -9.7% -23.0%
Indianapolis, IN 5,971 -13.6% -29.3%
Jacksonville, FL 7,202 -11.1% -28.1%
Kansas City, MO 4,774 -29.3% -50.0%
Knoxville, TN 4,032 -8.7% -18.5%
Lake County, IL 3,528 -15.3% -34.3%
Las Vegas, NV 11,889 -10.1% -14.6%
Los Angeles, CA 22,487 -10.8% -2.2%
Louisville, KY 3,477 -9.7% -23.3%
McAllen, TX 1,535 -2.2% -29.9%
Memphis, TN 3,009 -11.4% -26.0%
Miami, FL 18,086 -5.2% -15.6%
Milwaukee, WI 5,790 -17.9% -9.5%
Minneapolis, MN 11,697 -22.3% -19.8%
Montgomery County, PA 5,897 -18.6% -25.6%
Nashville, TN 9,992 -12.2% -28.7%
Nassau County, NY 10,569 -12.9% -20.9%
New Brunswick, NJ 10,547 -16.2% -27.5%
New Haven, CT 4,011 -13.6% -11.8%
New Orleans, LA 4,268 -5.8% -25.6%
New York, NY 43,416 -3.6% 26.6%
Newark, NJ 8,781 -12.1% -15.4%
North Port, FL 6,258 -8.9% -27.7%
Oakland, CA 4,967 -19.7% -2.6%
Oklahoma City, OK 4,765 -9.3% -27.6%
Omaha, NE 1,955 -20.4% -33.0%
Orlando, FL 11,632 -10.2% -15.3%
Oxnard, CA 2,194 -13.9% -17.5%
Philadelphia, PA 9,112 -8.8% -3.3%
Phoenix, AZ 20,530 -12.6% -15.1%
Pittsburgh, PA 9,139 -12.4% -15.5%
Portland, OR 6,485 -22.1% -30.5%
Providence, RI 5,624 -13.3% -23.7%
Raleigh, NC 6,559 -14.9% -25.1%
Richmond, VA 3,302 -15.1% -32.7%
Riverside, CA 14,305 -12.1% -29.6%
Rochester, NY 1,987 -24.7% -31.8%
San Antonio, TX 8,249 -13.5% -33.8%
San Diego, CA 6,719 -15.8% -23.5%
San Francisco, CA 4,318 -14.8% 57.1%
San Jose, CA 3,250 -19.8% 8.3%
Seattle, WA 7,639 -24.0% -13.5%
St. Louis, MO 7,431 -24.9% -40.2%
Tacoma, WA 2,094 -21.3% -20.6%
Tampa, FL 12,720 -11.6% -30.4%
Tucson, AZ 4,566 -10.3% -14.8%
Tulsa, OK 3,073 -11.6% -27.4%
Urban Honolulu, HI 3,403 -7.7% -24.2%
Virginia Beach, VA 5,967 -11.6% -27.2%
Warren, MI 8,701 -16.9% -29.7%
Washington, D.C. 16,795 -13.8% -7.4%
West Palm Beach, FL 14,478 -6.0% -9.5%
Worcester, MA 2,547 -18.3% -30.2%
National 1,639,300 -2.1% -23.1%

Median Off-Market Redfin Estimate

Redfin Metro Estimate Month-Over-Month Year-Over-Year
Albany, NY $209,500 1.2% 0.8%
Allentown, PA $225,100 1.0% 4.1%
Anaheim, CA $766,400 1.0% 5.8%
Atlanta, GA $246,300 1.1% 6.8%
Austin, TX $318,900 1.4% 3.8%
Bakersfield, CA $211,100 1.0% 1.1%
Baltimore, MD $286,100 1.0% 6.5%
Baton Rouge, LA $135,300 1.3% -11.0%
Birmingham, AL $142,400 0.7% 0.1%
Boston, MA $552,500 0.7% 8.6%
Bridgeport, CT $404,900 1.1% 4.3%
Buffalo, NY $161,100 0.9% 3.1%
Camden, NJ $221,400 1.4% 8.3%
Charlotte, NC $224,900 1.1% 8.5%
Chicago, IL $272,200 0.8% 6.3%
Cincinnati, OH $175,900 1.0% 3.5%
Cleveland, OH $150,800 1.0% 4.4%
Columbus, OH $212,500 1.0% 7.1%
Dallas, TX $269,300 0.9% 2.6%
Dayton, OH $132,600 0.7% 6.9%
Denver, CO $433,500 0.6% 5.3%
Detroit, MI $110,200 1.4% 2.4%
Elgin, IL $240,400 0.8% 4.2%
Fort Lauderdale, FL $285,700 0.8% 6.1%
Fort Worth, TX $231,700 0.9% 3.1%
Frederick, MD $432,500 0.8% 5.6%
Fresno, CA $278,700 1.2% 7.2%
Grand Rapids, MI $184,000 1.0% 8.5%
Greensboro, NC $148,200 1.7% 4.6%
Greenville, SC $170,000 0.9% -2.2%
Hartford, CT $232,300 0.9% 4.9%
Houston, TX $209,000 1.1% 2.0%
Indianapolis, IN $177,200 1.2% 7.1%
Jacksonville, FL $222,900 0.8% 2.7%
Kansas City, MO $194,100 1.0% 5.0%
Knoxville, TN $191,100 1.1% 6.9%
Lake County, IL $227,900 0.7% 2.2%
Las Vegas, NV $296,100 0.8% 5.3%
Los Angeles, CA $679,700 1.1% 6.9%
Louisville, KY $186,700 0.8% 6.3%
Memphis, TN $160,200 1.4% 10.1%
Miami, FL $327,400 0.7% 4.9%
Milwaukee, WI $220,100 0.6% 10.9%
Minneapolis, MN $287,700 0.6% 5.7%
Montgomery County, PA $342,700 1.0% 6.1%
Nashville, TN $292,300 0.9% 7.2%
Nassau County, NY $512,700 1.2% 6.3%
New Brunswick, NJ $366,800 1.4% 6.6%
New Haven, CT $233,600 1.2% 6.4%
New Orleans, LA $179,900 1.0% 0.2%
Newark, NJ $389,700 1.5% 4.6%
North Port, FL $248,100 1.0% -0.5%
Oakland, CA $822,400 1.2% 7.2%
Oklahoma City, OK $154,500 0.7% 3.9%
Omaha, NE $201,500 0.4% 8.3%
Orlando, FL $245,500 0.7% 3.8%
Oxnard, CA $630,200 1.4% 5.0%
Philadelphia, PA $205,300 1.0% 8.5%
Phoenix, AZ $295,000 1.8% 7.9%
Pittsburgh, PA $144,700 1.0% 1.0%
Portland, OR $419,700 0.8% 5.1%
Providence, RI $316,200 1.4% 7.3%
Raleigh, NC $271,500 0.8% 2.2%
Richmond, VA $250,600 0.9% 6.9%
Riverside, CA $356,600 1.7% 1.9%
Rochester, NY $153,600 0.7% 3.7%
Sacramento, CA $438,500 1.1% 6.3%
Salt Lake City, UT $380,200 1.1% 9.9%
San Antonio, TX $195,600 1.0% 0.4%
San Diego, CA $646,200 1.1% 8.1%
San Francisco, CA $1,368,000 -0.2% 1.7%
San Jose, CA $1,200,000 0.8% 6.2%
Seattle, WA $598,200 0.7% 7.0%
St. Louis, MO $167,300 0.8% 3.5%
Tacoma, WA $395,700 1.2% 9.9%
Tampa, FL $234,100 1.0% 5.0%
Tucson, AZ $219,800 1.4% 4.4%
Tulsa, OK $140,500 0.9% 2.4%
Urban Honolulu, HI $714,400 0.9% 2.2%
Virginia Beach, VA $246,100 1.0% 6.9%
Warren, MI $224,100 0.9% 6.4%
Washington, D.C. $420,700 0.9% 5.6%
West Palm Beach, FL $288,200 0.8% 5.0%
Worcester, MA $299,800 1.3% 5.4%
National $319,600 -1.4% 10.0%
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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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