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Homebuyers are starting to really feel reduction from skyrocketing residence costs spurred by the COVID-19 pandemic.
For the fifth month in a row, year-over-year value development slowed in November, however a scarcity of properties available on the market is holding costs excessive.
The median sale value in November was $430,107, 5.4% greater than the 12 months earlier than, in response to Redfin.
Of properties that offered, 26.5% went for above its listing value and the common value distinction was 1.2% under asking.
Stacker analyzed knowledge from Redfin to see the place properties offered for essentially the most over the asking value.
Metros, which embody the primary metropolis in addition to its surrounding city and suburbs, are ranked on the common sale-to-list ratio, which is the distinction between what a house was listed for and the way a lot a purchaser paid.
Metros with fewer than 300 residence gross sales are excluded from this listing.
Additionally proven are the metro space’s median itemizing costs for properties available on the market and median sale costs for properties that offered throughout that month.
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Desk of Contents
#25. Richmond, Virginia
– Common value distinction: 0.20% over asking
— Median listing value: $387,500
— Median sale value: $399,700
– Whole properties offered: 1,310
— Share that offered above listing: 37.3%
#24. Montgomery County, Pennsylvania
– Common value distinction: 0.29% over asking
— Median listing value: $465,000
— Median sale value: $483,450
– Whole properties offered: 1,723
— Share that offered above listing: 41.2%
#23. Windfall, Rhode Island
– Common value distinction: 0.32% over asking
— Median listing value: $475,000
— Median sale value: $495,000
– Whole properties offered: 1,200
— Share that offered above listing: 49.3%
#22. Frederick, Maryland
– Common value distinction: 0.38% over asking
— Median listing value: $506,929
— Median sale value: $570,000
– Whole properties offered: 1,008
— Share that offered above listing: 41.4%
#21. Rockingham County, New Hampshire
– Common value distinction: 0.60% over asking
— Median listing value: $569,900
— Median sale value: $580,000
– Whole properties offered: 447
— Share that offered above listing: 50.1%
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#20. New Brunswick, New Jersey
– Common value distinction: 0.61% over asking
— Median listing value: $524,900
— Median sale value: $550,000
– Whole properties offered: 2,219
— Share that offered above listing: 47.0%
#19. Manchester, New Hampshire
– Common value distinction: 0.63% over asking
— Median listing value: $479,900
— Median sale value: $481,000
– Whole properties offered: 401
— Share that offered above listing: 50.6%
#18. Boston
– Common value distinction: 0.78% over asking
— Median listing value: $699,900
— Median sale value: $710,000
– Whole properties offered: 3,051
— Share that offered above listing: 48.1%
#17. Springfield, Massachusetts
– Common value distinction: 0.82% over asking
— Median listing value: $339,700
— Median sale value: $340,000
– Whole properties offered: 505
— Share that offered above listing: 49.9%
#16. Studying, Pennsylvania
– Common value distinction: 0.88% over asking
— Median listing value: $269,900
— Median sale value: $278,000
– Whole properties offered: 357
— Share that offered above listing: 44.5%
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#15. Worcester, Massachusetts
– Common value distinction: 0.98% over asking
— Median listing value: $429,900
— Median sale value: $455,000
– Whole properties offered: 791
— Share that offered above listing: 52.0%
#14. Albany, New York
– Common value distinction: 1.06% over asking
— Median listing value: $315,000
— Median sale value: $320,000
– Whole properties offered: 795
— Share that offered above listing: 49.2%
#13. Camden, New Jersey
– Common value distinction: 1.07% over asking
— Median listing value: $350,000
— Median sale value: $355,000
– Whole properties offered: 1,074
— Share that offered above listing: 50.5%
#12. Nassau County, New York
– Common value distinction: 1.15% over asking
— Median listing value: $699,990
— Median sale value: $695,000
– Whole properties offered: 1,899
— Share that offered above listing: 54.1%
#11. New Haven, Connecticut
– Common value distinction: 1.49% over asking
— Median listing value: $350,000
— Median sale value: $369,000
– Whole properties offered: 745
— Share that offered above listing: 52.8%
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#10. Bridgeport, Connecticut
– Common value distinction: 1.71% over asking
— Median listing value: $570,000
— Median sale value: $630,000
– Whole properties offered: 755
— Share that offered above listing: 52.1%
#9. Lancaster, Pennsylvania
– Common value distinction: 2.09% over asking
— Median listing value: $319,900
— Median sale value: $333,750
– Whole properties offered: 421
— Share that offered above listing: 43.5%
#8. Oakland, California
– Common value distinction: 2.58% over asking
— Median listing value: $849,000
— Median sale value: $957,000
– Whole properties offered: 1,603
— Share that offered above listing: 53.6%
#7. Syracuse, New York
– Common value distinction: 2.63% over asking
— Median listing value: $225,000
— Median sale value: $241,500
– Whole properties offered: 517
— Share that offered above listing: 59.6%
#6. Hartford, Connecticut
– Common value distinction: 3.04% over asking
— Median listing value: $345,000
— Median sale value: $360,000
– Whole properties offered: 1,087
— Share that offered above listing: 64.5%
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#5. San Jose, California
– Common value distinction: 3.54% over asking
— Median listing value: $1,425,000
— Median sale value: $1,528,500
– Whole properties offered: 1,059
— Share that offered above listing: 58.6%
#4. San Francisco
– Common value distinction: 3.60% over asking
— Median listing value: $1,300,000
— Median sale value: $1,484,000
– Whole properties offered: 859
— Share that offered above listing: 53.0%
#3. Newark, New Jersey
– Common value distinction: 3.79% over asking
— Median listing value: $549,000
— Median sale value: $590,061
– Whole properties offered: 1,524
— Share that offered above listing: 64.8%
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#2. Buffalo, New York
– Common value distinction: 4.06% over asking
— Median listing value: $229,900
— Median sale value: $251,400
– Whole properties offered: 870
— Share that offered above listing: 60.8%
#1. Rochester, New York
– Common value distinction: 8.70% over asking
— Median listing value: $200,000
— Median sale value: $243,000
– Whole properties offered: 930
— Share that offered above listing: 68.1%
