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Homebuyers are starting to really feel reduction from skyrocketing residence costs spurred by the COVID-19 pandemic.
For the fifth month in a row, year-over-year value development slowed in November, however a scarcity of houses available on the market is retaining costs excessive.
The median sale value in November was $430,107, 5.4% increased than the 12 months earlier than, in keeping with Redfin.
Of houses that offered, 26.5% went for above its checklist value and the typical value distinction was 1.2% under asking.
Stacker analyzed information from Redfin to see the place houses offered for essentially the most over the asking value.
Metros, which embody the primary metropolis in addition to its surrounding city and suburbs, are ranked on the typical sale-to-list ratio, which is the distinction between what a house was listed for and the way a lot a purchaser paid.
Metros with fewer than 300 residence gross sales are excluded from this checklist.
Additionally proven are the metro space’s median itemizing costs for houses available on the market and median sale costs for houses that offered throughout that month.
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Desk of Contents
#25. Richmond, Virginia
– Common value distinction: 0.20% over asking
— Median checklist value: $387,500
— Median sale value: $399,700
– Complete houses offered: 1,310
— Share that offered above checklist: 37.3%
#24. Montgomery County, Pennsylvania
– Common value distinction: 0.29% over asking
— Median checklist value: $465,000
— Median sale value: $483,450
– Complete houses offered: 1,723
— Share that offered above checklist: 41.2%
#23. Windfall, Rhode Island
– Common value distinction: 0.32% over asking
— Median checklist value: $475,000
— Median sale value: $495,000
– Complete houses offered: 1,200
— Share that offered above checklist: 49.3%
#22. Frederick, Maryland
– Common value distinction: 0.38% over asking
— Median checklist value: $506,929
— Median sale value: $570,000
– Complete houses offered: 1,008
— Share that offered above checklist: 41.4%
#21. Rockingham County, New Hampshire
– Common value distinction: 0.60% over asking
— Median checklist value: $569,900
— Median sale value: $580,000
– Complete houses offered: 447
— Share that offered above checklist: 50.1%
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#20. New Brunswick, New Jersey
– Common value distinction: 0.61% over asking
— Median checklist value: $524,900
— Median sale value: $550,000
– Complete houses offered: 2,219
— Share that offered above checklist: 47.0%
#19. Manchester, New Hampshire
– Common value distinction: 0.63% over asking
— Median checklist value: $479,900
— Median sale value: $481,000
– Complete houses offered: 401
— Share that offered above checklist: 50.6%
#18. Boston
– Common value distinction: 0.78% over asking
— Median checklist value: $699,900
— Median sale value: $710,000
– Complete houses offered: 3,051
— Share that offered above checklist: 48.1%
#17. Springfield, Massachusetts
– Common value distinction: 0.82% over asking
— Median checklist value: $339,700
— Median sale value: $340,000
– Complete houses offered: 505
— Share that offered above checklist: 49.9%
#16. Studying, Pennsylvania
– Common value distinction: 0.88% over asking
— Median checklist value: $269,900
— Median sale value: $278,000
– Complete houses offered: 357
— Share that offered above checklist: 44.5%
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#15. Worcester, Massachusetts
– Common value distinction: 0.98% over asking
— Median checklist value: $429,900
— Median sale value: $455,000
– Complete houses offered: 791
— Share that offered above checklist: 52.0%
#14. Albany, New York
– Common value distinction: 1.06% over asking
— Median checklist value: $315,000
— Median sale value: $320,000
– Complete houses offered: 795
— Share that offered above checklist: 49.2%
#13. Camden, New Jersey
– Common value distinction: 1.07% over asking
— Median checklist value: $350,000
— Median sale value: $355,000
– Complete houses offered: 1,074
— Share that offered above checklist: 50.5%
#12. Nassau County, New York
– Common value distinction: 1.15% over asking
— Median checklist value: $699,990
— Median sale value: $695,000
– Complete houses offered: 1,899
— Share that offered above checklist: 54.1%
#11. New Haven, Connecticut
– Common value distinction: 1.49% over asking
— Median checklist value: $350,000
— Median sale value: $369,000
– Complete houses offered: 745
— Share that offered above checklist: 52.8%
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#10. Bridgeport, Connecticut
– Common value distinction: 1.71% over asking
— Median checklist value: $570,000
— Median sale value: $630,000
– Complete houses offered: 755
— Share that offered above checklist: 52.1%
#9. Lancaster, Pennsylvania
– Common value distinction: 2.09% over asking
— Median checklist value: $319,900
— Median sale value: $333,750
– Complete houses offered: 421
— Share that offered above checklist: 43.5%
#8. Oakland, California
– Common value distinction: 2.58% over asking
— Median checklist value: $849,000
— Median sale value: $957,000
– Complete houses offered: 1,603
— Share that offered above checklist: 53.6%
#7. Syracuse, New York
– Common value distinction: 2.63% over asking
— Median checklist value: $225,000
— Median sale value: $241,500
– Complete houses offered: 517
— Share that offered above checklist: 59.6%
#6. Hartford, Connecticut
– Common value distinction: 3.04% over asking
— Median checklist value: $345,000
— Median sale value: $360,000
– Complete houses offered: 1,087
— Share that offered above checklist: 64.5%
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#5. San Jose, California
– Common value distinction: 3.54% over asking
— Median checklist value: $1,425,000
— Median sale value: $1,528,500
– Complete houses offered: 1,059
— Share that offered above checklist: 58.6%
#4. San Francisco
– Common value distinction: 3.60% over asking
— Median checklist value: $1,300,000
— Median sale value: $1,484,000
– Complete houses offered: 859
— Share that offered above checklist: 53.0%
#3. Newark, New Jersey
– Common value distinction: 3.79% over asking
— Median checklist value: $549,000
— Median sale value: $590,061
– Complete houses offered: 1,524
— Share that offered above checklist: 64.8%
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#2. Buffalo, New York
– Common value distinction: 4.06% over asking
— Median checklist value: $229,900
— Median sale value: $251,400
– Complete houses offered: 870
— Share that offered above checklist: 60.8%
#1. Rochester, New York
– Common value distinction: 8.70% over asking
— Median checklist value: $200,000
— Median sale value: $243,000
– Complete houses offered: 930
— Share that offered above checklist: 68.1%