Metros where homes are selling for the most over asking price
Published 6:30 pm Tuesday, February 7, 2023
Paul Brady Photography // Shutterstock
Metros where homes are selling for the most over asking price
The Federal Reserve’s efforts to curb inflation have pushed interest rates to levels unseen in more than two decades, and the number of home sales has been on the decline for eight straight months.
But homes are still selling, even if slowly. And they’re still increasing in price, even if that increase has been slowed just a bit too. In fact, some are still selling for slightly more than the list price. Because of the market change, only 23 metros have homes selling at or over asking.
Stacker analyzed data from Redfin to see which metros had the most homes sold over asking price. Data shows sales for the month of December 2022. Metros where fewer than 300 homes were sold were excluded from this list, and the metros are ranked based on the average sale-to-list ratio. This is a mean ratio of the home sale price divided by the list price. Values were rounded to the nearest hundredth of a percent.
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Jdcollins13 // Wikimedia Commons
#23. Jacksonville, NC metro area
– Average sale-to-list ratio: 1.00
– Median list price: $245,000
– Median sale price: $252,000
– Total homes sold: 400
spablab // Flickr
#22. Providence, RI metro area
– Average sale-to-list ratio: 1.00
– Median list price: $399,999
– Median sale price: $405,000
– Total homes sold: 1,360
JonClee86 // Wikicommons
#21. Omaha, NE metro area
– Average sale-to-list ratio: 1.00
– Median list price: $265,000
– Median sale price: $265,000
– Total homes sold: 847
Adam Moss // Wikimedia Commons
#20. Camden, NJ metro area
– Average sale-to-list ratio: 1.00
– Median list price: $280,000
– Median sale price: $280,000
– Total homes sold: 1,204
Kristin Nador // Flickr
#19. Wichita, KS metro area
– Average sale-to-list ratio: 1.00
– Median list price: $209,900
– Median sale price: $220,000
– Total homes sold: 567
Christian Hinkle // Shutterstock
#18. Frederick, MD metro area
– Average sale-to-list ratio: 1.00
– Median list price: $425,000
– Median sale price: $485,000
– Total homes sold: 1,025
Sherry V Smith // Shutterstock
#17. Virginia Beach, VA metro area
– Average sale-to-list ratio: 1.00
– Median list price: $300,000
– Median sale price: $309,450
– Total homes sold: 1,936
Sean Pavone // Shutterstock
#16. Boston, MA metro area
– Average sale-to-list ratio: 1.00
– Median list price: $599,900
– Median sale price: $604,800
– Total homes sold: 3,253
BayAreaMetro // Wikimedia Commons
#15. Oakland, CA metro area
– Average sale-to-list ratio: 1.00
– Median list price: $799,000
– Median sale price: $845,000
– Total homes sold: 1,461
Ron Cogswell//Wikicommons
#14. Richmond, VA metro area
– Average sale-to-list ratio: 1.00
– Median list price: $325,460
– Median sale price: $345,000
– Total homes sold: 1,222
Carol M Highsmith // Wikimedia Commons
#13. Rockingham County, NH metro area
– Average sale-to-list ratio: 1.00
– Median list price: $499,900
– Median sale price: $465,000
– Total homes sold: 441
Joseph Sohm // Shutterstock
#12. Portland, ME metro area
– Average sale-to-list ratio: 1.00
– Median list price: $439,900
– Median sale price: $430,000
– Total homes sold: 495
John Phelan // Wikimedia
#11. Worcester, MA metro area
– Average sale-to-list ratio: 1.00
– Median list price: $374,950
– Median sale price: $389,900
– Total homes sold: 881
John Phelan // Wikimedia Commons
#10. New Haven, CT metro area
– Average sale-to-list ratio: 1.00
– Median list price: $299,000
– Median sale price: $288,750
– Total homes sold: 798
Smallbones // Wikimedia Commons
#9. Lancaster, PA metro area
– Average sale-to-list ratio: 1.00
– Median list price: $275,000
– Median sale price: $290,102
– Total homes sold: 410
Sean Pavone // Shutterstock
#8. Manchester, NH metro area
– Average sale-to-list ratio: 1.00
– Median list price: $420,000
– Median sale price: $437,000
– Total homes sold: 368
Wangkun Jia // Shutterstock
#7. Albany, NY metro area
– Average sale-to-list ratio: 1.01
– Median list price: $262,000
– Median sale price: $280,000
– Total homes sold: 746
John Phelan // Wikimedia Commons
#6. Springfield, MA metro area
– Average sale-to-list ratio: 1.01
– Median list price: $279,000
– Median sale price: $295,250
– Total homes sold: 522
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#5. Newark, NJ metro area
– Average sale-to-list ratio: 1.01
– Median list price: $450,000
– Median sale price: $457,000
– Total homes sold: 1,782
Doug Kerr // Wikimedia Commons
#4. Syracuse, NY metro area
– Average sale-to-list ratio: 1.01
– Median list price: $149,900
– Median sale price: $186,000
– Total homes sold: 552
John Phelan // Wikimedia
#3. Hartford, CT metro area
– Average sale-to-list ratio: 1.01
– Median list price: $269,900
– Median sale price: $285,000
– Total homes sold: 1,096
Stephen Zimmermann // Wikimedia Commons
#2. Buffalo, NY metro area
– Average sale-to-list ratio: 1.02
– Median list price: $180,000
– Median sale price: $215,000
– Total homes sold: 925
Theresa Marconi // Wikimedia Commons
#1. Rochester, NY metro area
– Average sale-to-list ratio: 1.05
– Median list price: $149,900
– Median sale price: $200,000
– Total homes sold: 934