The 50 places where homes are taking the longest to sell
Published 5:00 pm Tuesday, February 6, 2024
The 50 places where homes are taking the longest to sell
The pace at which homes sell in the U.S. tends to ebb and flow over the calendar year, with homes selling fastest in the summer and slowest in the winter. But high home prices and mortgage interest rates are keeping many potential buyers on the sidelines.
The median number of days a home spent on the market in December was 43, two days less than the year before. Slowing home sales can indicate a given market is more buyer-friendly. It can also signal a mismatch between prospective homebuyers’ purchasing power and market conditions.
Stacker compiled a list of metros where homes took the longest to sell in December, using data from Redfin. Metros, which include the main city as well as its surrounding towns and suburbs, are ranked by the median number of days a home was listed before it sold. In the case of ties, metros with the most home sales overall were ranked higher. Metros with more than 300 home sales were included.
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#50. Gary, Indiana
– Median days on market: 49
– Median sale price: $260,000
– Total homes sold: 644
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#49. Charlotte, North Carolina
– Median days on market: 49
– Median sale price: $375,000
– Total homes sold: 2,550
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#48. Phoenix
– Median days on market: 49
– Median sale price: $445,000
– Total homes sold: 4,472
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#47. Madison, Wisconsin
– Median days on market: 50
– Median sale price: $377,700
– Total homes sold: 490
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#46. Elgin, Illinois
– Median days on market: 50
– Median sale price: $302,000
– Total homes sold: 603
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#45. Little Rock, Arkansas
– Median days on market: 51
– Median sale price: $215,000
– Total homes sold: 688
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#44. Memphis, Tennessee
– Median days on market: 51
– Median sale price: $257,990
– Total homes sold: 1,033
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#43. Fort Worth, Texas
– Median days on market: 51
– Median sale price: $350,000
– Total homes sold: 2,044
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#42. Jacksonville, Florida
– Median days on market: 53
– Median sale price: $373,000
– Total homes sold: 1,907
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#41. Reno, Nevada
– Median days on market: 54
– Median sale price: $526,070
– Total homes sold: 362
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#40. McAllen, Texas
– Median days on market: 55
– Median sale price: $239,000
– Total homes sold: 317
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#39. Tallahassee, Florida
– Median days on market: 55
– Median sale price: $294,000
– Total homes sold: 327
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#38. Augusta, Georgia
– Median days on market: 55
– Median sale price: $272,500
– Total homes sold: 601
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#37. Lake County, Illinois
– Median days on market: 55
– Median sale price: $310,000
– Total homes sold: 728
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#36. Lafayette, Louisiana
– Median days on market: 56
– Median sale price: $230,715
– Total homes sold: 311
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#35. Daphne, Alabama
– Median days on market: 56
– Median sale price: $395,000
– Total homes sold: 397
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#34. Ogden, Utah
– Median days on market: 56
– Median sale price: $459,000
– Total homes sold: 483
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#33. Tucson, Arizona
– Median days on market: 56
– Median sale price: $360,000
– Total homes sold: 862
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#32. Greenville, South Carolina
– Median days on market: 56
– Median sale price: $325,000
– Total homes sold: 947
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#31. Pittsburgh
– Median days on market: 56
– Median sale price: $217,000
– Total homes sold: 1,767
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#30. Clarksville, Tennessee
– Median days on market: 57
– Median sale price: $296,500
– Total homes sold: 386
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#29. Port St. Lucie, Florida
– Median days on market: 57
– Median sale price: $400,000
– Total homes sold: 707
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#28. Knoxville, Tennessee
– Median days on market: 57
– Median sale price: $366,450
– Total homes sold: 808
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#27. Boise City, Idaho
– Median days on market: 57
– Median sale price: $460,000
– Total homes sold: 811
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#26. Deltona, Florida
– Median days on market: 57
– Median sale price: $354,490
– Total homes sold: 1,064
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#25. Fort Lauderdale, Florida
– Median days on market: 57
– Median sale price: $425,000
– Total homes sold: 2,001
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#24. Chicago
– Median days on market: 57
– Median sale price: $306,500
– Total homes sold: 5,240
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#23. Birmingham, Alabama
– Median days on market: 59
– Median sale price: $284,000
– Total homes sold: 924
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#22. West Palm Beach, Florida
– Median days on market: 59
– Median sale price: $468,000
– Total homes sold: 1,807
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#21. Miami
– Median days on market: 59
– Median sale price: $512,000
– Total homes sold: 1,821
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#20. Nashville, Tennessee
– Median days on market: 59
– Median sale price: $450,000
– Total homes sold: 2,302
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#19. New York City
– Median days on market: 59
– Median sale price: $700,000
– Total homes sold: 4,183
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#18. Punta Gorda, Florida
– Median days on market: 61
– Median sale price: $350,000
– Total homes sold: 471
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#17. Huntsville, Alabama
– Median days on market: 61
– Median sale price: $315,000
– Total homes sold: 673
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#16. Palm Bay, Florida
– Median days on market: 61
– Median sale price: $350,000
– Total homes sold: 806
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#15. Charleston, South Carolina
– Median days on market: 61
– Median sale price: $420,000
– Total homes sold: 1,091
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#14. Killeen, Texas
– Median days on market: 62
– Median sale price: $261,562
– Total homes sold: 414
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#13. Asheville, North Carolina
– Median days on market: 62
– Median sale price: $445,000
– Total homes sold: 478
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#12. Panama City, Florida
– Median days on market: 63
– Median sale price: $369,900
– Total homes sold: 349
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#11. Spartanburg, South Carolina
– Median days on market: 63
– Median sale price: $287,760
– Total homes sold: 414
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#10. San Antonio
– Median days on market: 63
– Median sale price: $320,000
– Total homes sold: 2,106
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#9. Greeley, Colorado
– Median days on market: 66
– Median sale price: $475,000
– Total homes sold: 346
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#8. Fort Collins, Colorado
– Median days on market: 68
– Median sale price: $510,000
– Total homes sold: 357
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#7. Montgomery, Alabama
– Median days on market: 69
– Median sale price: $235,000
– Total homes sold: 302
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#6. Honolulu
– Median days on market: 69
– Median sale price: $728,000
– Total homes sold: 479
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#5. Pensacola, Florida
– Median days on market: 73
– Median sale price: $310,088
– Total homes sold: 634
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#4. New Orleans
– Median days on market: 75
– Median sale price: $265,000
– Total homes sold: 807
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#3. Crestview, Florida
– Median days on market: 77
– Median sale price: $405,000
– Total homes sold: 541
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#2. Austin, Texas
– Median days on market: 78
– Median sale price: $443,900
– Total homes sold: 2,164
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#1. Myrtle Beach, South Carolina
– Median days on market: 80
– Median sale price: $330,680
– Total homes sold: 1,329