Buyers in Indianapolis, Omaha and Seattle are Snapping Up Homes in 5 Days or Less - Redfin Real Estate News

Buyers in Indianapolis, Omaha and Seattle are Snapping Up Homes in 5 Days or Less

by
Updated on June 7th, 2021

Homes in Portland, OR and Denver are also selling in a handful of days. In Austin, 74% sold above list price. Nationwide, almost half of homes sold above list price. These and several other record-breaking measures made April a historic month for housing.

Note: Pandemic lockdowns significantly slowed homebuying and selling in April 2020, which means the year-over-year trends for home prices, pending sales, closed sales and new listings are somewhat exaggerated. For more context, we have added extra charts that zoom in on the last three years of home sales and new listings, without seasonal adjustments.

April was another history-making month for housing, with homes selling for higher prices and in fewer days since at least 2012, when Redfin began tracking national housing data. The following measures all hit new records:

  • The national median home-sale price hit a record high of $370,528, up 22% from 2020.
  • The number of homes for sale fell to a record low.
  • The typical home sold in just 19 days, a record low.
  • 49% of homes sold above their list price, a record high.
  • The average sale-to-list ratio, a measure of how close homes are selling to their asking prices, hit a record high of 101.6%.

“To put the scarcity of housing into context, there is plenty of room for supply to increase and demand to taper off, and we would still find ourselves in a historically strong seller’s market,” said Redfin Chief Economist Daryl Fairweather. “While Americans brace themselves for a lot of changes as workplaces and schools reopen, the story of the housing market will largely remain the same. There simply aren’t enough homes for sale in America for everyone with the desire and the means to buy one right now. Until new construction takes off–over the course of years, not months–home prices will continue to increase. This housing boom is nowhere close to over.”

Indianapolis is home to the country’s fastest housing market. The typical home in the Indianapolis metro went under contract after just four days on the market in April, down from 10 days a year earlier.

“I’m helping buyers understand the current market by advising them that it’s no longer unusual for a home to sell for up to $50,000 above asking price,” said Indianapolis Redfin agent Andrea Ratcliff. “Builders have waiting lists of at least a year and people are hesitant to sell their homes because there are so few options available for them to buy. Plus, remote workers are moving into the Indianapolis area, fueling even more homebuyer demand. Those factors are exacerbating our local housing shortage and fueling the competitive cycle.”

Homes in Denver, Omaha, NE, Portland, OR and Seattle also sold exceptionally fast in April, with half of all homes pending sale in just 5 days in each of those metros.

Three of the five most competitive markets of the month were in California. In Oakland, 81.5% of homes sold above list price, a higher share than any other metro. It’s followed by San Jose (78.2%), Tacoma, WA (73.7%), Austin (73.7%) and Sacramento (72.5%).

Market Summary April 2021 Month-Over-Month Year-Over-Year
Median sale price $370,500 5.1% 22.2%
Homes sold 608,883 3.6% 38.2%
New listings 728,538 6.0% 53.3%
All Homes for sale, seasonally-adjusted 1,361,100 -3.9% -27.0%
Median days on market 19 -7 -16
Months of supply 1.1 0 -1.9
Sold above list 48.9% 6.9 pts 20.8 pts
Median Off-Market Redfin Estimate $341,400 1.4% 16.7%
Average Sale-to-list 101.6% 1.0 pts 2.8 pts
Average 30-year fixed mortgage rate 3.06% -0.02 pts -0.25 pts
† – ‘pts’ = percentage point change

Median sale prices increased from a year earlier in all of the 85 largest metro areas Redfin tracks. The smallest increase was in Honolulu, where prices were up just 0.2% from a year ago. The largest price increases were in Austin, TX (+42%), Oxnard, CA (+26%) and Miami, FL (+26%).

Home Prices Up 22% in April, a Record High

Home Prices Up 22% in April, a Record High

The number of homes sold in April was up 34% from a year earlier, but only 8% from the same time in 2019. Compared to April 2020, home sales rose in all but one of the 85 largest metro areas Redfin tracks. The only metro area that saw home sales decline was Rochester, NY (-3%). The largest gains in sales were in places that had the most abrupt slowdown of home sales in April 2020, including San Francisco (+184%), San Jose (+150%) and Miami, FL (+120%).

Home Sales Up 38% Year Over Year

Home Sales Up 38% From 2020, Up 10% From 2019

Active listings—the count of all homes that were for sale at any time during the month—fell 27% year over year to their lowest level on record. But the annual decline in the number of homes for sale slowed slightly from last month.

Homes for Sale Fell 27% Year Over Year in April

Seasonally-Adjusted Homes for Sale Fell 27%

Only 12 of the 85 largest metros tracked by Redfin posted a year-over-year increase in the number of seasonally adjusted active listings of homes for sale: San Francisco (+54%), San Jose (+40%) and Oakland, CA (+27%) experienced the biggest gains.

The biggest year-over-year declines in active housing supply in April were in Salt Lake City (-70%), Baton Rouge, LA (-60%) and North Port, FL (-48%).

New listings of homes for sale were up 32% in April from a year earlier, but down 17% from the same time in 2019, offering little relief to homebuyers desperate for more choices.

New Listings Up 53% Year Over Year

New Listings of Homes for Sale Up 53% From 2020, Down 7% From 2019

The housing market was more competitive in April than any time since Redfin began tracking national housing data in 2012.

The typical home that sold in April went under contract in 19 days—16 days fewer than a year earlier and the fastest pace on record.

Time on Market Falls to Record Low 19 Days in April

Time on Market Falls to Record Low 19 Days in April

In April, 49% of homes sold above list price, the largest share on record. If this measure follows the typical seasonal pattern, it will likely hit new record highs again in May and June.

Record High 49% of Homes Sold Over List Price in April

Record High 49% of Homes Sold Over List Price in April

The average sale-to-list price ratio continued to surge well past 100% in April, hitting a record high of 101.6%. This measure also typically peaks in June, so are likely to see additional record highs for the next two months if the market continues to follow a typical seasonal pattern into summer.

Average Sale to List Price Ratio Climbed to Over 101% in April, a Record High

Average Sale to List Price Ratio Climbed to Over 101% in April, a Record High


Other April Highlights

Competition

Prices

  • Austin, TX had the nation’s highest price growth, rising 42.3% since last year to $465,000. Oxnard, CA had the second highest growth at 25.8% year-over-year price growth, followed by Miami (25.8%), Phoenix (24.9%), and Tacoma, WA (24.9%).
  • No metros saw price declines in April.

Sales

  • San Francisco led the nation in year-over-year sales growth, up 184%, followed by San Jose, CA, up 150%. Miami rounded out the top three with sales up 120% from a year ago.
  • Rochester, NY saw the largest decline in sales since last year, falling 2.7%. Home sales in NA and NA declined by NA and NA, respectively.

Inventory

Redfin Estimate

Below are market-by-market breakdowns for prices, inventory, new listings and sales for markets with populations of 750,000 or more. For downloadable data on all of the markets Redfin tracks, visit the Redfin Data Center. Refer to our metrics definition page for explanations of all the metrics used in this report.

Median Sale Price

Redfin Metro Median Sale Price Month-Over-Month Year-Over-Year
Albany, NY $252,000 7.2% 14.5%
Allentown, PA $249,900 4.1% 14.4%
Anaheim, CA $893,000 5.1% 20.7%
Atlanta, GA $312,000 4.0% 15.6%
Austin, TX $465,000 9.1% 42.3%
Bakersfield, CA $303,700 1.2% 18.6%
Baltimore, MD $327,200 3.9% 9.1%
Baton Rouge, LA $240,000 2.4% 11.4%
Birmingham, AL $251,800 2.1% 7.7%
Boston, MA $605,000 4.3% 12.0%
Bridgeport, CT $485,000 5.4% 18.3%
Buffalo, NY $185,000 5.7% 10.8%
Camden, NJ $247,100 5.1% 12.8%
Charleston, SC $350,000 2.2% 19.1%
Charlotte, NC $324,000 3.2% 14.6%
Chicago, IL $314,600 4.9% 14.4%
Cincinnati, OH $235,000 5.9% 19.1%
Cleveland, OH $176,000 4.8% 5.1%
Columbus, OH $265,000 4.3% 15.2%
Dallas, TX $361,000 4.6% 19.9%
Dayton, OH $178,000 10.3% 14.1%
Denver, CO $523,200 5.7% 20.1%
Detroit, MI $175,000 11.3% 11.5%
El Paso, TX $191,000 3.3% 15.4%
Elgin, IL $277,400 3.5% 16.4%
Fort Lauderdale, FL $330,000 3.0% 13.8%
Fort Worth, TX $295,000 3.1% 14.3%
Frederick, MD $485,000 3.2% 8.3%
Fresno, CA $345,000 1.5% 19.6%
Grand Rapids, MI $270,000 8.0% 22.7%
Greensboro, NC $215,000 6.7% 10.3%
Greenville, SC $249,900 0.0% 8.9%
Hartford, CT $267,500 7.0% 13.3%
Houston, TX $295,000 2.1% 16.8%
Indianapolis, IN $235,000 4.4% 10.8%
Jacksonville, FL $291,100 6.6% 16.4%
Kansas City, MO $269,000 3.5% 13.6%
Knoxville, TN $265,000 2.0% 16.7%
Lake County, IL $315,000 11.7% 23.5%
Las Vegas, NV $345,000 3.0% 17.3%
Los Angeles, CA $792,800 2.3% 22.0%
Louisville, KY $226,500 3.4% 11.3%
McAllen, TX $190,000 0.6% 16.2%
Memphis, TN $235,000 6.8% 8.5%
Miami, FL $415,000 6.4% 25.8%
Milwaukee, WI $259,400 5.9% 8.0%
Minneapolis, MN $339,900 3.0% 10.7%
Montgomery County, PA $375,000 1.3% 10.3%
Nashville, TN $358,100 3.8% 13.7%
Nassau County, NY $551,500 3.1% 16.1%
New Brunswick, NJ $400,000 2.6% 15.9%
New Haven, CT $259,000 1.6% 14.0%
New Orleans, LA $270,000 2.3% 14.9%
New York, NY $635,000 1.6% 10.4%
Newark, NJ $450,000 5.9% 10.5%
North Port, FL $355,000 1.4% 21.6%
Oakland, CA $950,000 6.7% 18.8%
Oklahoma City, OK $215,000 -0.9% 11.7%
Omaha, NE $248,000 1.2% 11.2%
Orlando, FL $310,000 3.3% 12.7%
Oxnard, CA $780,000 8.3% 25.8%
Philadelphia, PA $266,200 2.8% 7.3%
Phoenix, AZ $381,000 3.7% 24.9%
Pittsburgh, PA $205,000 -2.4% 7.9%
Portland, OR $490,000 3.0% 17.8%
Providence, RI $350,000 3.0% 14.4%
Raleigh, NC $350,000 6.1% 12.9%
Richmond, VA $310,000 3.3% 12.7%
Riverside, CA $485,000 1.0% 22.8%
Rochester, NY $179,900 11.0% 15.3%
Sacramento, CA $530,000 1.9% 23.3%
Salt Lake City, UT $445,000 2.3% 23.6%
San Antonio, TX $275,000 3.8% 14.6%
San Diego, CA $729,000 4.1% 19.5%
San Francisco, CA $1,520,000 6.3% 6.9%
San Jose, CA $1,355,000 2.1% 12.9%
Seattle, WA $720,000 2.9% 20.0%
St. Louis, MO $217,500 2.1% 8.8%
Tacoma, WA $497,000 4.6% 24.9%
Tampa, FL $295,000 3.5% 17.6%
Tucson, AZ $291,500 3.1% 20.5%
Tulsa, OK $219,900 3.5% 18.9%
Urban Honolulu, HI $630,000 3.0% 0.2%
Virginia Beach, VA $280,000 5.7% 10.9%
Warren, MI $261,000 5.3% 12.4%
Washington, DC $502,500 5.3% 11.9%
West Palm Beach, FL $355,000 2.9% 16.4%
Worcester, MA $340,800 4.8% 16.3%
National $370,500 5.1% 22.2%

Homes Sold

Redfin Metro Homes Sold Month-Over-Month Year-Over-Year
Albany, NY 832 -8.8% 25.9%
Allentown, PA 735 -1.5% 25.6%
Anaheim, CA 3,492 6.4% 103.1%
Atlanta, GA 10,106 -4.7% 29.2%
Austin, TX 3,430 0.4% 33.1%
Bakersfield, CA 862 -4.5% 41.3%
Baltimore, MD 4,268 8.7% 31.9%
Baton Rouge, LA 1,184 -4.1% 39.5%
Birmingham, AL 1,664 4.0% 24.7%
Boston, MA 4,115 15.9% 31.8%
Bridgeport, CT 1,314 4.1% 54.4%
Buffalo, NY 732 -13.3% 1.2%
Camden, NJ 1,683 -1.3% 20.8%
Charleston, SC 1,890 -1.7% 42.7%
Charlotte, NC 4,298 -6.1% 25.1%
Chicago, IL 10,388 10.3% 42.7%
Cincinnati, OH 2,696 2.3% 14.1%
Cleveland, OH 2,417 0.8% 12.4%
Columbus, OH 2,651 10.2% 21.5%
Dallas, TX 6,248 4.7% 27.4%
Dayton, OH 1,011 8.5% 24.7%
Denver, CO 5,358 4.7% 42.7%
Detroit, MI 1,724 -1.1% 65.0%
El Paso, TX 889 -3.6% 27.0%
Elgin, IL 1,081 6.4% 14.5%
Fort Lauderdale, FL 3,995 -8.1% 87.5%
Fort Worth, TX 3,077 5.8% 24.3%
Frederick, MD 1,924 24.1% 41.2%
Fresno, CA 793 7.0% 27.5%
Grand Rapids, MI 1,162 3.0% 22.1%
Greensboro, NC 909 -14.1% 26.6%
Greenville, SC 1,348 -0.6% 36.4%
Hartford, CT 1,446 8.9% 19.8%
Houston, TX 9,815 0.8% 55.3%
Indianapolis, IN 3,035 8.1% 12.0%
Jacksonville, FL 2,993 -5.1% 32.8%
Kansas City, MO 3,162 16.6% 8.9%
Knoxville, TN 1,300 -0.5% 12.7%
Lake County, IL 1,358 10.9% 43.1%
Las Vegas, NV 4,632 -4.4% 94.8%
Los Angeles, CA 7,452 4.3% 94.8%
Louisville, KY 1,377 2.7% 15.7%
McAllen, TX 323 -14.8% 21.0%
Memphis, TN 1,053 -3.7% 5.1%
Miami, FL 3,821 -3.9% 119.9%
Milwaukee, WI 1,834 12.6% 11.6%
Minneapolis, MN 5,184 14.8% 9.4%
Montgomery County, PA 2,208 11.1% 25.0%
Nashville, TN 3,713 1.5% 27.6%
Nassau County, NY 2,524 -10.8% 69.5%
New Brunswick, NJ 3,093 -2.4% 28.9%
New Haven, CT 1,033 5.2% 41.1%
New Orleans, LA 1,651 5.8% 60.3%
New York, NY 6,104 -10.4% 101.4%
Newark, NJ 2,121 -3.5% 27.5%
North Port, FL 2,990 -11.2% 81.2%
Oakland, CA 3,267 17.6% 114.1%
Oklahoma City, OK 2,177 1.5% 26.9%
Omaha, NE 1,108 12.4% 7.3%
Orlando, FL 5,111 -3.6% 70.8%
Oxnard, CA 910 16.1% 74.7%
Philadelphia, PA 2,566 8.0% 67.4%
Phoenix, AZ 9,634 -2.3% 41.2%
Pittsburgh, PA 2,256 2.8% 35.3%
Portland, OR 3,787 10.4% 44.1%
Providence, RI 1,732 1.7% 25.1%
Raleigh, NC 2,561 -0.1% 17.7%
Richmond, VA 1,729 1.5% 8.7%
Riverside, CA 5,766 -2.4% 61.4%
Rochester, NY 762 -0.8% -2.7%
Sacramento, CA 2,981 8.4% 58.4%
Salt Lake City, UT 1,497 7.6% 21.2%
San Antonio, TX 3,062 -3.0% 14.2%
San Diego, CA 3,731 8.7% 61.6%
San Francisco, CA 1,458 9.4% 183.7%
San Jose, CA 2,026 27.3% 150.4%
Seattle, WA 4,909 11.2% 64.5%
St. Louis, MO 3,657 7.1% 19.7%
Tacoma, WA 1,531 12.6% 52.6%
Tampa, FL 6,696 -1.5% 50.4%
Tucson, AZ 1,776 -8.3% 31.1%
Tulsa, OK 1,415 4.6% 31.6%
Urban Honolulu, HI 997 6.1% 75.8%
Virginia Beach, VA 2,872 6.7% 28.3%
Warren, MI 3,228 3.2% 59.8%
Washington, DC 8,025 17.0% 42.4%
West Palm Beach, FL 4,001 -7.5% 82.2%
Worcester, MA 852 3.1% 6.4%
National 576,400 -4.2% 34.0%

New Listings

Redfin Metro New Listings Month-Over-Month Year-Over-Year
Albany, NY 1,285 11.0% 148.1%
Allentown, PA 602 -17.3% 102.7%
Anaheim, CA 3,571 -1.3% 89.0%
Atlanta, GA 11,531 0.6% 24.4%
Austin, TX 4,538 10.7% 35.0%
Bakersfield, CA 1,050 1.8% 66.7%
Baltimore, MD 5,559 13.8% 67.8%
Baton Rouge, LA 573 -38.1% -35.7%
Birmingham, AL 1,787 13.7% 24.3%
Boston, MA 6,843 13.4% 113.8%
Bridgeport, CT 2,030 7.9% 157.3%
Buffalo, NY 1,254 9.0% 165.7%
Camden, NJ 2,333 10.0% 89.8%
Charleston, SC 2,016 1.5% 38.2%
Charlotte, NC 3,037 -24.4% -19.4%
Chicago, IL 13,450 4.2% 92.0%
Cincinnati, OH 3,447 7.3% 27.2%
Cleveland, OH 3,255 6.2% 43.0%
Columbus, OH 3,293 13.5% 30.4%
Dallas, TX 7,667 7.8% 23.5%
Dayton, OH 1,343 10.4% 46.1%
Denver, CO 6,333 14.9% 51.1%
Detroit, MI 2,327 7.4% 222.7%
El Paso, TX 1,028 3.5% 33.2%
Elgin, IL 1,371 6.9% 52.5%
Fort Lauderdale, FL 3,673 -8.5% 67.1%
Fort Worth, TX 3,602 6.6% 13.4%
Frederick, MD 2,489 16.8% 80.5%
Fresno, CA 949 6.6% 47.1%
Grand Rapids, MI 1,421 2.1% 98.5%
Greensboro, NC 701 -9.3% -8.6%
Greenville, SC 1,406 4.8% 14.1%
Hartford, CT 2,095 8.8% 94.0%
Houston, TX 12,023 10.9% 45.2%
Indianapolis, IN 3,917 18.6% 39.6%
Jacksonville, FL 3,488 5.3% 29.9%
Kansas City, MO 4,198 9.4% 39.5%
Knoxville, TN 1,206 5.3% 0.4%
Lake County, IL 1,835 16.1% 78.7%
Las Vegas, NV 4,744 2.8% 64.2%
Los Angeles, CA 8,243 -2.9% 88.7%
Louisville, KY 1,668 5.3% 27.9%
McAllen, TX 454 -3.6% 59.9%
Memphis, TN 1,398 14.7% 29.1%
Miami, FL 4,219 -9.5% 104.4%
Milwaukee, WI 2,388 12.2% 49.2%
Minneapolis, MN 7,074 9.5% 27.0%
Montgomery County, PA 3,346 14.9% 207.8%
Nashville, TN 3,808 0.8% -2.0%
Nassau County, NY 4,045 14.2% 269.1%
New Brunswick, NJ 4,365 2.9% 160.8%
New Haven, CT 1,455 4.1% 115.9%
New Orleans, LA 1,823 -0.6% 64.2%
New York, NY 11,215 6.8% 393.2%
Newark, NJ 3,323 6.3% 152.1%
North Port, FL 2,642 -5.8% 90.1%
Oakland, CA 3,637 9.0% 107.0%
Oklahoma City, OK 2,498 2.3% 23.5%
Omaha, NE 1,562 13.3% 27.0%
Orlando, FL 5,076 2.2% 47.3%
Oxnard, CA 950 -0.8% 76.3%
Philadelphia, PA 3,772 8.0% 259.2%
Phoenix, AZ 9,664 -3.4% 17.2%
Pittsburgh, PA 3,135 12.0% 304.0%
Portland, OR 4,648 15.8% 50.8%
Providence, RI 2,366 2.3% 71.1%
Raleigh, NC 2,706 2.0% 16.7%
Richmond, VA 2,184 7.5% 21.3%
Riverside, CA 6,292 2.2% 67.9%
Rochester, NY 1,408 25.7% 146.2%
Sacramento, CA 3,510 9.6% 38.8%
Salt Lake City, UT 685 -50.7% -61.3%
San Antonio, TX 3,640 9.1% 17.8%
San Diego, CA 3,902 3.6% 54.5%
San Francisco, CA 1,290 -10.5% 88.9%
San Jose, CA 2,107 4.8% 120.9%
Seattle, WA 5,893 7.2% 60.4%
St. Louis, MO 2,358 -28.9% -32.4%
Tacoma, WA 1,727 3.2% 43.2%
Tampa, FL 6,629 0.6% 49.0%
Tucson, AZ 1,861 -2.0% 37.2%
Tulsa, OK 1,733 8.9% 47.6%
Urban Honolulu, HI 779 -10.0% 21.0%
Virginia Beach, VA 3,351 3.1% 39.2%
Warren, MI 4,440 15.2% 231.1%
Washington, DC 10,423 15.5% 68.4%
West Palm Beach, FL 3,990 -2.2% 104.0%
Worcester, MA 1,434 13.4% 62.6%
National 537,600 -4.6% 32.5%

All Homes for Sale

Redfin Metro All Homes for Sale Month-Over-Month Year-Over-Year
Albany, NY 2,604 -0.2% -8.3%
Allentown, PA 1,360 -9.1% -29.5%
Anaheim, CA 7,804 -2.1% 0.1%
Atlanta, GA 21,527 -2.3% -36.9%
Austin, TX 7,771 12.2% -19.1%
Bakersfield, CA 1,971 -1.5% -15.8%
Baltimore, MD 9,737 8.5% -16.6%
Baton Rouge, LA 1,822 -23.4% -59.5%
Birmingham, AL 4,384 2.3% -21.4%
Boston, MA 12,085 11.7% 18.5%
Bridgeport, CT 5,423 7.4% -4.5%
Buffalo, NY 2,001 4.5% 0.9%
Camden, NJ 4,509 5.6% -20.0%
Charleston, SC 5,493 0.5% -21.3%
Charlotte, NC 8,499 -13.3% -42.0%
Chicago, IL 27,334 1.6% -11.4%
Cincinnati, OH 8,081 7.8% -8.6%
Cleveland, OH 6,630 2.7% -17.1%
Columbus, OH 6,875 12.0% -9.5%
Dallas, TX 14,095 2.5% -35.3%
Dayton, OH 2,520 9.4% -13.5%
Denver, CO 8,405 8.5% -19.2%
Detroit, MI 4,619 3.6% -12.4%
El Paso, TX 2,439 -5.6% -31.6%
Elgin, IL 2,098 4.3% -37.4%
Fort Lauderdale, FL 12,797 -9.3% -19.0%
Fort Worth, TX 6,493 0.4% -34.8%
Frederick, MD 4,094 12.4% -1.8%
Fresno, CA 1,538 3.6% -25.3%
Grand Rapids, MI 2,215 -0.8% -15.1%
Greensboro, NC 1,691 -10.8% -42.9%
Greenville, SC 3,803 -4.3% -26.3%
Hartford, CT 4,780 5.6% -14.9%
Houston, TX 25,011 -0.4% -27.8%
Indianapolis, IN 5,977 9.8% -18.6%
Jacksonville, FL 6,958 1.2% -31.8%
Kansas City, MO 7,090 5.2% -17.1%
Knoxville, TN 3,360 -2.5% -30.0%
Lake County, IL 3,254 6.9% -29.6%
Las Vegas, NV 9,418 -4.1% -21.5%
Los Angeles, CA 20,416 -2.3% 12.5%
Louisville, KY 3,061 1.6% -21.4%
McAllen, TX 1,452 -3.5% -29.8%
Memphis, TN 2,858 6.5% -18.5%
Miami, FL 16,736 -7.0% -14.0%
Milwaukee, WI 5,631 10.9% -5.3%
Minneapolis, MN 11,985 7.3% -16.1%
Montgomery County, PA 5,924 10.9% 4.4%
Nashville, TN 8,161 -1.5% -39.5%
Nassau County, NY 9,527 4.6% -7.4%
New Brunswick, NJ 9,203 3.6% -19.4%
New Haven, CT 3,525 3.4% -8.8%
New Orleans, LA 4,236 -3.4% -20.2%
New York, NY 38,548 5.3% 15.6%
Newark, NJ 7,996 9.8% -3.1%
North Port, FL 4,455 -11.5% -48.2%
Oakland, CA 5,288 4.2% 27.3%
Oklahoma City, OK 4,239 -3.5% -31.9%
Omaha, NE 2,282 9.0% -21.8%
Orlando, FL 9,241 -8.3% -29.4%
Oxnard, CA 2,051 1.8% -9.3%
Philadelphia, PA 8,893 5.9% 26.9%
Phoenix, AZ 18,369 -3.8% -26.0%
Pittsburgh, PA 8,357 6.9% 5.0%
Portland, OR 6,822 6.5% -19.9%
Providence, RI 4,835 3.0% -12.7%
Raleigh, NC 5,791 -1.3% -33.1%
Richmond, VA 3,385 4.8% -26.3%
Riverside, CA 12,697 -2.4% -25.2%
Rochester, NY 1,982 10.8% -0.9%
Sacramento, CA 5,291 5.4% -21.9%
Salt Lake City, UT 1,297 -39.9% -69.8%
San Antonio, TX 7,020 -3.3% -40.8%
San Diego, CA 6,422 -0.3% -17.8%
San Francisco, CA 3,054 -7.9% 53.5%
San Jose, CA 3,636 1.5% 40.1%
Seattle, WA 8,061 4.6% 0.0%
St. Louis, MO 6,074 -16.0% -44.9%
Tacoma, WA 2,231 -1.2% -16.1%
Tampa, FL 10,647 -6.9% -37.4%
Tucson, AZ 4,304 -5.3% -19.6%
Tulsa, OK 2,913 3.0% -28.6%
Urban Honolulu, HI 2,939 -9.0% -25.6%
Virginia Beach, VA 6,125 1.3% -20.4%
Warren, MI 7,396 9.9% -3.5%
Washington, DC 17,975 10.1% 3.0%
West Palm Beach, FL 11,010 -17.0% -28.3%
Worcester, MA 2,431 13.3% -10.6%
National 1,361,100 -3.9% -27.0%

Median Off-Market Redfin Estimate

Redfin Metro Estimate Month-Over-Month Year-Over-Year
Albany, NY $217,600 1.1% 10.7%
Allentown, PA $235,900 0.9% 11.8%
Anaheim, CA $814,300 2.1% 11.1%
Atlanta, GA $261,600 1.5% 12.9%
Austin, TX $354,200 4.0% 18.4%
Bakersfield, CA $216,700 0.0% 11.5%
Baltimore, MD $298,400 1.1% 10.6%
Baton Rouge, LA $141,100 1.2% 9.7%
Birmingham, AL $149,600 0.9% 11.7%
Boston, MA $571,100 1.2% 9.3%
Bridgeport, CT $420,200 0.8% 7.9%
Buffalo, NY $168,400 1.3% 12.7%
Camden, NJ $234,400 1.2% 14.6%
Charleston, SC $262,400 1.4% 10.7%
Charlotte, NC $243,700 1.7% 16.7%
Chicago, IL $276,200 0.8% 6.0%
Cincinnati, OH $183,900 1.1% 11.8%
Cleveland, OH $157,000 1.3% 12.1%
Columbus, OH $221,300 0.6% 12.0%
Dallas, TX $285,300 1.7% 11.1%
Dayton, OH $140,000 2.2% 12.2%
Denver, CO $456,500 1.6% 9.0%
Detroit, MI $115,400 1.0% 10.8%
Elgin, IL $247,300 0.9% 7.5%
Fort Lauderdale, FL $299,600 1.1% 9.2%
Fort Worth, TX $243,200 1.5% 10.8%
Frederick, MD $449,600 1.0% 8.5%
Fresno, CA $294,900 1.6% 13.4%
Grand Rapids, MI $199,300 2.2% 16.3%
Greensboro, NC $156,600 1.0% 13.9%
Greenville, SC $178,500 1.2% 12.1%
Hartford, CT $239,400 0.8% 7.5%
Houston, TX $218,600 1.2% 10.2%
Indianapolis, IN $184,800 1.0% 12.4%
Jacksonville, FL $238,300 1.0% 12.8%
Kansas City, MO $202,600 1.1% 10.5%
Knoxville, TN $202,000 1.6% 14.2%
Lake County, IL $234,500 1.0% 7.8%
Las Vegas, NV $312,500 1.9% 9.9%
Los Angeles, CA $715,000 1.4% 10.7%
Louisville, KY $193,900 1.0% 10.6%
Memphis, TN $169,100 1.4% 16.3%
Miami, FL $343,500 1.1% 9.4%
Milwaukee, WI $225,000 1.1% 12.4%
Minneapolis, MN $297,000 1.0% 9.1%
Montgomery County, PA $356,500 1.1% 10.3%
Nashville, TN $303,800 1.0% 9.4%
Nassau County, NY $538,100 0.8% 12.0%
New Brunswick, NJ $385,900 1.0% 12.0%
New Haven, CT $244,000 1.4% 10.1%
New Orleans, LA $186,400 1.1% 10.2%
Newark, NJ $412,000 0.9% 12.8%
North Port, FL $264,700 1.8% 11.8%
Oakland, CA $873,300 2.0% 12.3%
Oklahoma City, OK $160,300 1.0% 11.2%
Omaha, NE $210,700 1.5% 11.4%
Orlando, FL $257,900 1.2% 9.5%
Oxnard, CA $661,800 1.3% 9.5%
Philadelphia, PA $214,400 1.3% 12.2%
Phoenix, AZ $320,000 2.4% 17.4%
Pittsburgh, PA $148,900 -0.2% 13.2%
Portland, OR $440,900 1.4% 10.5%
Providence, RI $332,800 1.2% 13.7%
Raleigh, NC $284,400 1.4% 10.9%
Richmond, VA $256,900 -0.2% 9.1%
Riverside, CA $383,900 2.0% 16.4%
Rochester, NY $159,100 1.8% 10.4%
Sacramento, CA $469,400 3.0% 13.6%
Salt Lake City, UT $405,200 1.9% 14.8%
San Antonio, TX $203,200 1.1% 10.7%
San Diego, CA $686,400 1.9% 13.5%
San Francisco, CA $1,394,300 1.9% 1.7%
San Jose, CA $1,281,700 2.6% 10.8%
Seattle, WA $642,300 2.5% 14.4%
St. Louis, MO $167,000 -1.9% 5.8%
Tacoma, WA $428,200 2.1% 17.8%
Tampa, FL $248,700 1.5% 13.0%
Tucson, AZ $235,600 1.8% 16.3%
Tulsa, OK $144,900 0.2% 10.1%
Urban Honolulu, HI $749,400 2.0% 7.0%
Virginia Beach, VA $253,500 0.1% 9.4%
Warren, MI $232,300 1.2% 10.8%
Washington, DC $437,400 1.1% 9.6%
West Palm Beach, FL $303,700 1.3% 10.2%
Worcester, MA $313,200 1.3% 12.4%
National $341,400 1.4% 16.7%
Avatar

Tim Ellis

Tim Ellis has been analyzing the real estate market since 2005, and worked at Redfin as a housing market analyst from 2010 through 2013 and again starting in 2018. In his free time, he runs the independently-operated Seattle-area real estate website Seattle Bubble, and produces the "Dispatches from the Multiverse" improvised comedy sci-fi podcast.

Email Tim

Be the first to see the latest real estate news:

  • This field is for validation purposes and should be left unchanged.

By submitting your email you agree to Redfin’s Terms of Use and Privacy Policy

Scroll to Top