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