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