Metros where homes are selling for the most over asking price
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 homes selling each month has been on the decline for eight straight months now.
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 30 metros have homes that are 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 week ending Dec. 25, 2022. Metros where fewer than 15 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.
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Canva
#30. Monroe, LA metro area
– Average sale to list ratio: 1.0
– Total homes sold: 22
– Median sale price: $194,700
Canva
#29. Wilmington, DE metro area
– Average sale to list ratio: 1.0
– Total homes sold: 110
– Median sale price: $310,000
Tradewinds // Wikimedia Commons
#28. New Bern, NC metro area
– Average sale to list ratio: 1.0
– Total homes sold: 28
– Median sale price: $265,500
tochichi//Wikicommons
#27. Rapid City, SD metro area
– Average sale to list ratio: 1.0
– Total homes sold: 19
– Median sale price: $325,000
Ildar Sagdejev // Wikimedia
#26. Burlington, NC metro area
– Average sale to list ratio: 1.001
– Total homes sold: 30
– Median sale price: $242,750
spablab // Flickr
#25. Providence, RI metro area
– Average sale to list ratio: 1.001
– Total homes sold: 266
– Median sale price: $407,500
Teemu008 /// Flickr
#24. Bloomington, IL metro area
– Average sale to list ratio: 1.001
– Total homes sold: 33
– Median sale price: $165,000
Library of Congress
#23. Auburn, AL metro area
– Average sale to list ratio: 1.002
– Total homes sold: 25
– Median sale price: $320,000
Bruce Emmerling // Wikicommons
#22. Baltimore, MD metro area
– Average sale to list ratio: 1.002
– Total homes sold: 495
– Median sale price: $335,000
Bobak Ha’Eri // Wikimedia Commons
#21. Wausau, WI metro area
– Average sale to list ratio: 1.004
– Total homes sold: 16
– Median sale price: $239,500
Albert Pego // Shutterstock
#20. Burlington, VT metro area
– Average sale to list ratio: 1.006
– Total homes sold: 40
– Median sale price: $366,000
Canva
#19. Newark, NJ metro area
– Average sale to list ratio: 1.006
– Total homes sold: 352
– Median sale price: $440,500
Doug Kerr // Wikimedia Commons
#18. Syracuse, NY metro area
– Average sale to list ratio: 1.007
– Total homes sold: 93
– Median sale price: $185,000
Wangkun Jia // Shutterstock
#17. Albany, NY metro area
– Average sale to list ratio: 1.007
– Total homes sold: 122
– Median sale price: $297,500
Bill Golladay // Wikipedia Commons
#16. Warner Robins, GA metro area
– Average sale to list ratio: 1.008
– Total homes sold: 49
– Median sale price: $260,000
Wtoc11 // Flickr
#15. Hinesville, GA metro area
– Average sale to list ratio: 1.009
– Total homes sold: 24
– Median sale price: $265,825
Canva
#14. Concord, NH metro area
– Average sale to list ratio: 1.009
– Total homes sold: 35
– Median sale price: $355,000
Visit Beloit // Wikimedia Commons
#13. Janesville, WI metro area
– Average sale to list ratio: 1.010
– Total homes sold: 29
– Median sale price: $197,500
John Phelan // Wikimedia
#12. Hartford, CT metro area
– Average sale to list ratio: 1.010
– Total homes sold: 209
– Median sale price: $290,000
John Phelan // Wikimedia Commons
#11. Springfield, MA metro area
– Average sale to list ratio: 1.012
– Total homes sold: 107
– Median sale price: $315,000
Joseph Sohm // Shutterstock
#10. Portland, ME metro area
– Average sale to list ratio: 1.013
– Total homes sold: 91
– Median sale price: $429,900
Wisconsin Department of Natural Resources // Flickr
#9. Sheboygan, WI metro area
– Average sale to list ratio: 1.013
– Total homes sold: 15
– Median sale price: $240,000
Smallbones // Wikimedia Commons
#8. Lancaster, PA metro area
– Average sale to list ratio: 1.014
– Total homes sold: 68
– Median sale price: $293,000
John Phelan // Wikicommons
#7. Lewiston, ME metro area
– Average sale to list ratio: 1.015
– Total homes sold: 17
– Median sale price: $305,000
Royalbroil // Wikimedia Commons
#6. Appleton, WI metro area
– Average sale to list ratio: 1.021
– Total homes sold: 37
– Median sale price: $318,000
Stephen Zimmermann // Wikimedia Commons
#5. Buffalo, NY metro area
– Average sale to list ratio: 1.021
– Total homes sold: 95
– Median sale price: $215,000
Potomac Sun Photography // Wikimedia
#4. California, MD metro area
– Average sale to list ratio: 1.026
– Total homes sold: 18
– Median sale price: $380,000
Creative Commons
#3. Oshkosh, WI metro area
– Average sale to list ratio: 1.026
– Total homes sold: 33
– Median sale price: $242,000
Theresa Marconi // Wikimedia Commons
#2. Rochester, NY metro area
– Average sale to list ratio: 1.049
– Total homes sold: 137
– Median sale price: $219,000
jmd41280 // Flickr
#1. Chambersburg, PA metro area
– Average sale to list ratio: 1.074
– Total homes sold: 25
– Median sale price: $210,000
