This is where homes are selling the fastest right now
Published 10:50 pm Monday, January 23, 2023
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This is where homes are selling the fastest right now
Homes have spent fewer and fewer days on the market over the past five years.
In summer 2021—peak season for residential real estate activity—the typical home in the U.S. sold in just 36 days, according to data from the St. Louis Federal Reserve Bank. The typical home took twice as long to sell in summer 2017. In November, the median number of days a home spent on the market was 37, about two weeks slower compared to the year before.
At a local level, a property that sits on the market for longer than the median length of time could signal to would-be buyers that there is something undesirable about the listing. When homes sell faster it can also be a sign that any given market is less buyer-friendly.
Stacker compiled a list of metros where homes are selling the fastest using data from Redfin. Metros are ranked by the least days listed for sale for the month of November and ties are broken by the highest November home sales. Metros with over 300 home sales in November were included.
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Carol Ann Mossa // Shutterstock
#50. Punta Gorda, FL metro area
– Median days on market: 31
– Total homes sold: 348
– Median sale price: $365,000
PhotosByMahin // Pixabay
#49. Detroit, MI metro area
– Median days on market: 31
– Total homes sold: 1,492
– Median sale price: $163,000
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#48. Cleveland, OH metro area
– Median days on market: 31
– Total homes sold: 2,069
– Median sale price: $192,500
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#47. Seattle, WA metro area
– Median days on market: 31
– Total homes sold: 2,162
– Median sale price: $700,000
ajay_suresh // Wikimedia Commons
#46. Warren, MI metro area
– Median days on market: 31
– Total homes sold: 2,357
– Median sale price: $259,900
Alycat // Wikimedia Commons
#45. Canton, OH metro area
– Median days on market: 30
– Total homes sold: 356
– Median sale price: $175,000
spablab // Flickr
#44. Providence, RI metro area
– Median days on market: 30
– Total homes sold: 1,360
– Median sale price: $405,000
ktr101 // Wikimedia
#43. Barnstable Town, MA metro area
– Median days on market: 29
– Total homes sold: 354
– Median sale price: $595,000
Sleepydre // Wikicommons
#42. Akron, OH metro area
– Median days on market: 29
– Total homes sold: 664
– Median sale price: $174,700
Chris Watson // Wikicommons
#41. Louisville, KY metro area
– Median days on market: 29
– Total homes sold: 1,138
– Median sale price: $240,000
Altairisfar // Wikicommons
#40. Mobile, AL metro area
– Median days on market: 28
– Total homes sold: 303
– Median sale price: $199,000
Woodlot // Wikimedia
#39. Gulfport, MS metro area
– Median days on market: 28
– Total homes sold: 417
– Median sale price: $225,000
lowahwyman // Wikimedia Commons
#38. Des Moines, IA metro area
– Median days on market: 28
– Total homes sold: 777
– Median sale price: $265,000
Sanibel Sun // WikiCommons
#37. Cape Coral, FL metro area
– Median days on market: 28
– Total homes sold: 1,400
– Median sale price: $384,945
Sean Pavone // Shutterstock
#36. St. Louis, MO metro area
– Median days on market: 28
– Total homes sold: 2,693
– Median sale price: $230,000
FloNight // Wikimedia Commons
#35. Lexington, KY metro area
– Median days on market: 27
– Total homes sold: 413
– Median sale price: $285,000
Joseph Sohm // Shutterstock
#34. Portland, ME metro area
– Median days on market: 27
– Total homes sold: 495
– Median sale price: $430,000
Epccedu // Wikimedia Commons
#33. El Paso, TX metro area
– Median days on market: 27
– Total homes sold: 726
– Median sale price: $246,000
Sherry V Smith // Shutterstock
#32. Virginia Beach, VA metro area
– Median days on market: 27
– Total homes sold: 1,936
– Median sale price: $309,450
JamesPatrick.pro // Shutterstock
#31. Davenport, IA metro area
– Median days on market: 26
– Total homes sold: 356
– Median sale price: $156,000
Doug Kerr // Wikimedia Commons
#30. Syracuse, NY metro area
– Median days on market: 26
– Total homes sold: 552
– Median sale price: $186,000
Caleb Long // Wikimedia
#29. Tulsa, OK metro area
– Median days on market: 26
– Total homes sold: 956
– Median sale price: $235,000
Smallbones // Wikimedia Commons
#28. Montgomery County, PA metro area
– Median days on market: 26
– Total homes sold: 1,588
– Median sale price: $411,000
John Phelan // Wikimedia Commons
#27. Springfield, MA metro area
– Median days on market: 25
– Total homes sold: 522
– Median sale price: $295,250
Wikimedia Commons
#26. Oklahoma City, OK metro area
– Median days on market: 25
– Total homes sold: 1,467
– Median sale price: $235,000
Sean Pavone // Shutterstock
#25. Boston, MA metro area
– Median days on market: 25
– Total homes sold: 3,253
– Median sale price: $604,800
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#24. Worcester, MA metro area
– Median days on market: 24
– Total homes sold: 881
– Median sale price: $389,900
Frank K. // Wikicommons
#23. Anchorage, AK metro area
– Median days on market: 23
– Total homes sold: 363
– Median sale price: $350,000
Brandonrush // Wikicommons
#22. Fayetteville, AR metro area
– Median days on market: 23
– Total homes sold: 744
– Median sale price: $332,843
Michlaovic // Wikimedia
#21. Jackson, MS metro area
– Median days on market: 22
– Total homes sold: 394
– Median sale price: $239,450
Sean Pavone // Shutterstock
#20. Indianapolis, IN metro area
– Median days on market: 22
– Total homes sold: 2,257
– Median sale price: $270,000
Sanfranman59 // Wikimedia
#19. Wilmington, NC metro area
– Median days on market: 21
– Total homes sold: 461
– Median sale price: $405,000
Alexbaumgarner // Wikimedia
#18. Rockford, IL metro area
– Median days on market: 20
– Total homes sold: 309
– Median sale price: $161,000
Wangkun Jia // Shutterstock
#17. Albany, NY metro area
– Median days on market: 20
– Total homes sold: 746
– Median sale price: $280,000
JonClee86 // Wikicommons
#16. Omaha, NE metro area
– Median days on market: 20
– Total homes sold: 847
– Median sale price: $265,000
Diego Delso // Wikimedia Commons
#15. Fort Wayne, IN metro area
– Median days on market: 19
– Total homes sold: 395
– Median sale price: $210,000
Paul Leiby // Wikimedia Commons
#14. Allentown, PA metro area
– Median days on market: 19
– Total homes sold: 722
– Median sale price: $280,000
Ron Cogswell//Wikicommons
#13. Richmond, VA metro area
– Median days on market: 19
– Total homes sold: 1,222
– Median sale price: $345,000
Smallbones // Wikimedia Commons
#12. Scranton, PA metro area
– Median days on market: 18
– Total homes sold: 410
– Median sale price: $169,575
Jose Kevo // Wikicommons
#11. Springfield, MO metro area
– Median days on market: 18
– Total homes sold: 475
– Median sale price: $234,995
Grguy2011 // Wikimedia Commons
#10. Grand Rapids, MI metro area
– Median days on market: 17
– Total homes sold: 847
– Median sale price: $270,000
davidwilson1949 // Flickr
#9. Fayetteville, NC metro area
– Median days on market: 16
– Total homes sold: 698
– Median sale price: $249,000
Jdcollins13 // Wikimedia Commons
#8. Jacksonville, NC metro area
– Median days on market: 15
– Total homes sold: 400
– Median sale price: $252,000
Smallbones // Wikimedia Commons
#7. York, PA metro area
– Median days on market: 15
– Total homes sold: 432
– Median sale price: $249,900
Kristin Nador // Flickr
#6. Wichita, KS metro area
– Median days on market: 14
– Total homes sold: 567
– Median sale price: $220,000
Stephen Zimmermann // Wikimedia Commons
#5. Buffalo, NY metro area
– Median days on market: 14
– Total homes sold: 925
– Median sale price: $215,000
Nicholas // Wikimedia Commons
#4. Reading, PA metro area
– Median days on market: 12
– Total homes sold: 359
– Median sale price: $230,000
Smallbones // Wikimedia Commons
#3. Lancaster, PA metro area
– Median days on market: 11
– Total homes sold: 410
– Median sale price: $290,102
Rina Pitucci // Flickr
#2. Harrisburg, PA metro area
– Median days on market: 11
– Total homes sold: 537
– Median sale price: $247,000
Theresa Marconi // Wikimedia Commons
#1. Rochester, NY metro area
– Median days on market: 11
– Total homes sold: 934
– Median sale price: $200,000