March Was the Hottest Month in Housing History

by Real estate financingMission+
36 minutes read

The housing market set a slew of records for prices, home-selling speed and competition in March, making it the hottest month for housing since at least 2012, when Redfin began tracking the national real estate data trends.

March was a month of records for the housing market, even considering the fact that year-over-year comparisons are now looking at the start of the pandemic.

  • The national median home-sale price hit a record high of $353,000, up 17% from 2020, a record high rate of growth.
  • The number of homes for sale fell to a record low, with a record year-over-year drop of 29%.
  • The typical home sold in just 25 days, a record low.
  • 42% 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, passing 100% for the first time.

The latest weekly data for April suggests that we may already be seeing the beginning of some seasonal slowing in the market, so March might be the most intense month for the housing market this year.

Note: Year-over-year comparisons of pending sales and new listings in this report are more a reflection of the fact that in March of 2020 stay-at-home-orders halted both home-buying and selling activity than of how the housing market has changed over the past year. Other measures like closed home sales and home prices were most impacted by this in April and May of last year, and will be reflected in the year-over-year data in the coming months.

“My family is looking for a home to buy in the Washington, D.C. area, so I know first-hand that the house hunt feels a lot like spinning the roulette wheel each week,” said Redfin Lead Economist Taylor Marr. “So why would we buy into the toughest market I’ve ever seen? Despite the intense competition and high prices we face, I still see more big gains to be made in home equity. Fundamentals like low mortgage rates and high demand for housing are fueling the record-high price gains, so I don’t believe that homes are overvalued. Waiting for the market to cool could take many months, and at that point we may have missed out on the opportunity to benefit from these super-low mortgage rates and price gains in the year ahead.”

Median sale prices increased from a year earlier in all but two of the 85 largest metro areas Redfin tracks. The only places prices didn’t increase were Honolulu, where they fell 4.7% from a year ago and San Francisco, where they were down 1.6%. The largest price increases were in Austin, TX (+28%), Fresno, CA (+23%) and North Port, FL (+23%), three popular destinations for newly-remote workers who have been leaving the most expensive metro areas during the pandemic in search of more affordable locales.

Home Prices Up 17% in March, a Record High

Market Summary March 2021 Month-Over-Month Year-Over-Year
Median sale price $353,000 5.3% 16.7%
Homes sold, seasonally-adjusted 597,300 -2.4% 10.1%
Pending sales, seasonally-adjusted 537,700 -5.5% 22.1%
New listings, seasonally-adjusted 527,100 -1.5% -7.1%
All Homes for sale, seasonally-adjusted 1,458,600 -3.0% -28.9%
Median days on market 25 -7 -19
Months of supply 1.1 -0.5 -1.5
Sold above list 42.0% 5.9 pts 16.6 pts
Median Off-Market Redfin Estimate $337,500 0.0% 15.4%
Average Sale-to-list 100.6% 0.8 pts 2.0 pts
Average 30-year fixed mortgage rate 3.08% 0.27 pts -0.37 pts
† – ‘pts’ = percentage point change

The number of homes sold in March was up from a year earlier in most of the 85 largest metro areas Redfin tracks, but 11 metros did see declines. The largest gains in sales were in New York (+58%), San Jose (+56%) and San Francisco (+55%). The metro areas where home sales fell the most were Rochester, NY (-9%), Grand Rapids, MI (-9%) and Dayton, OH (-7%). The number of homes for sale in all three of these metro areas has been falling by around 30% year over year for most of this year, so the drop in sales is likely due largely to a lack of supply.

Home Sales Up 10% in February From 2020

Active listings—the count of all homes that were for sale at any time during the month—fell 29% year over year to their lowest level on record. This was the largest year-over-year drop on record and the 20th-straight month of declines.

Decline in Homes for Sale Hit a Record Low in March

Only four of the 85 largest metros tracked by Redfin posted a year-over-year increase in the count of seasonally-adjusted active listings of homes for sale: San Francisco (+34%), San Jose (+20%), Oakland, CA (+8%) and Los Angeles (+3%).

The biggest year-over-year declines in active housing supply in March were in Salt Lake City (-66%), Baton Rouge, LA (-59%) and Allentown, PA (-52%).

New listings of homes for sale fell 7% in March from a year earlier. Despite the ongoing decline in new listings of homes for sale, pending sales were still up 22% from 2020.

New Listings Down 7% From 2020 in March

The housing market was more competitive in March than any time since the start of Redfin’s national housing data in 2012.

The typical home that sold in March went under contract in 25 days—19 days fewer than a year earlier and the fastest pace on record.

Time on Market Falls to Record Low 25 Days in March

In March a record-high 42% of homes sold above list price, the largest share on record. If this measure follows the typical seasonal pattern, it may continue to hit new record highs in April, May and June.

Record High 42% of Homes Sold Over List Price in March

The average sale-to-list price ratio exceeded 100% for the first time on record in March. This measure also typically peaks in June, so we may see additional record highs for the next three months if the market does not cool down.

Average Sale to List Price Ratio Climbed to Over 100% in March, a Record High


Other March Highlights

Competition

  • Denver was the fastest market, with half of all homes pending sale in just 5 days, down from 9 days a year earlier. Tacoma, WA and Grand Rapids, MI were the next fastest markets with 5 and 6 median days on market, followed by Omaha, NE (6) and Portland, OR (6).
  • The most competitive market in March was Oakland, CA where 79.7% of homes sold above list price, followed by 72.7% in San Jose, CA, 69.5% in Tacoma, WA, 68.1% in Sacramento, CA, and 66.4% in Salt Lake City.

Prices

  • Austin, TX had the nation’s highest price growth, rising 28.2% since last year to $427,000. Fresno, CA had the second highest growth at 23.2% year-over-year price growth, followed by North Port, FL (22.8%), Sacramento, CA (20.9%), and Salt Lake City (20.4%).
  • 2 metros saw price declines in March including Urban Honolulu, HI (-4.7%), and San Francisco (-1.6%).

Sales

  • The New York City metro area led the nation in year-over-year sales growth, up 58.2%, followed by San Jose, CA, up 56.4%. San Francisco rounded out the top three with sales up 54.6% from a year ago.
  • Rochester, NY saw the largest decline in sales since last year, falling 9.4%. Home sales in Grand Rapids, MI and Dayton, OH declined by 8.9% and 7.3%, respectively.

Inventory

  • San Francisco had the highest increase in the number of homes for sale, up 34% year over year, followed by San Jose, CA (31%) and Oakland, CA (8%).
  • Salt Lake City had the largest decrease in overall active listings, falling 66.3% since last March. Baton Rouge, LA (-59%), Allentown, PA (-52%), and St. Louis (-49%) also saw far fewer homes available on the market than a year ago.

Redfin Estimate

  • Miami (91.1%) had the largest share of homes predicted to sell for below list price, according to Redfin Estimate data, followed by West Palm Beach, FL (88.0%) and Fort Lauderdale, FL (86.7%).
  • Oakland, CA (90.9%) had the largest share of homes predicted to sell at or above list price, followed by San Jose, CA (88.1%) and Portland, OR (79.8%).

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 $237,500 5.6% 13.1%
Allentown, PA $240,000 4.3% 15.9%
Anaheim, CA $851,000 2.5% 13.3%
Atlanta, GA $300,000 5.3% 13.6%
Austin, TX $427,000 7.3% 28.2%
Bakersfield, CA $300,000 7.1% 19.2%
Baltimore, MD $315,000 5.0% 7.9%
Baton Rouge, LA $233,900 1.7% 8.3%
Birmingham, AL $247,900 4.2% 7.8%
Boston, MA $578,500 5.2% 10.2%
Bridgeport, CT $460,000 -2.1% 18.6%
Buffalo, NY $175,000 3.6% 13.5%
Camden, NJ $236,000 0.4% 18.0%
Charleston, SC $342,500 2.3% 17.7%
Charlotte, NC $312,900 4.3% 12.1%
Chicago, IL $300,000 9.1% 13.2%
Cincinnati, OH $221,000 5.2% 12.9%
Cleveland, OH $168,000 7.0% 6.4%
Columbus, OH $254,000 6.7% 10.0%
Dallas, TX $345,000 3.1% 14.8%
Dayton, OH $162,000 6.6% 5.2%
Denver, CO $495,000 5.1% 12.5%
Detroit, MI $160,000 6.7% 14.3%
El Paso, TX $185,000 -1.9% 9.5%
Elgin, IL $268,000 10.9% 15.2%
Fort Lauderdale, FL $322,000 2.2% 12.8%
Fort Worth, TX $287,000 1.1% 14.8%
Frederick, MD $468,800 9.0% 11.6%
Fresno, CA $345,000 1.5% 23.2%
Grand Rapids, MI $250,000 3.1% 12.6%
Greensboro, NC $201,200 6.5% 5.9%
Greenville, SC $250,000 2.9% 9.9%
Hartford, CT $250,000 0.0% 10.8%
Houston, TX $289,000 5.1% 15.6%
Indianapolis, IN $225,000 2.3% 7.4%
Jacksonville, FL $275,000 5.8% 11.7%
Kansas City, MO $260,500 5.0% 10.4%
Knoxville, TN $259,900 4.5% 16.0%
Lake County, IL $284,400 11.5% 11.5%
Las Vegas, NV $336,000 1.8% 13.9%
Los Angeles, CA $773,800 3.9% 17.2%
Louisville, KY $219,900 2.3% 8.3%
McAllen, TX $188,900 3.8% 16.1%
Memphis, TN $220,800 7.7% 10.4%
Miami, FL $390,000 4.0% 18.2%
Milwaukee, WI $246,000 6.4% 4.7%
Minneapolis, MN $330,000 4.8% 10.0%
Montgomery County, PA $370,000 5.7% 12.2%
Nashville, TN $345,000 3.0% 9.5%
Nassau County, NY $533,000 -0.5% 15.2%
New Brunswick, NJ $390,000 4.0% 16.4%
New Haven, CT $255,000 3.7% 16.2%
New Orleans, LA $264,400 4.9% 15.0%
New York, NY $624,000 4.9% 9.3%
Newark, NJ $425,000 3.7% 17.7%
North Port, FL $350,000 6.1% 22.8%
Oakland, CA $890,000 7.9% 17.4%
Oklahoma City, OK $218,000 3.8% 12.8%
Omaha, NE $245,000 2.7% 13.4%
Orlando, FL $300,000 0.3% 11.5%
Oxnard, CA $722,000 3.7% 16.5%
Philadelphia, PA $259,000 9.2% 9.5%
Phoenix, AZ $366,000 3.1% 20.0%
Pittsburgh, PA $210,000 6.3% 17.0%
Portland, OR $476,900 2.3% 13.8%
Providence, RI $339,900 4.6% 13.3%
Raleigh, NC $330,000 3.1% 8.9%
Richmond, VA $300,000 0.0% 11.3%
Riverside, CA $480,000 3.3% 20.3%
Rochester, NY $165,000 6.5% 10.0%
Sacramento, CA $520,000 6.1% 20.9%
Salt Lake City, UT $437,000 5.3% 20.4%
San Antonio, TX $265,000 1.1% 11.1%
San Diego, CA $700,000 2.2% 16.7%
San Francisco, CA $1,427,500 3.8% -1.6%
San Jose, CA $1,330,000 9.9% 10.8%
Seattle, WA $700,000 6.9% 18.5%
St. Louis, MO $214,000 7.0% 12.6%
Tacoma, WA $475,000 3.3% 17.2%
Tampa, FL $285,000 2.7% 16.3%
Tucson, AZ $285,000 5.9% 18.8%
Tulsa, OK $212,700 1.3% 16.8%
Urban Honolulu, HI $611,000 -4.5% -4.7%
Virginia Beach, VA $265,000 2.3% 8.2%
Warren, MI $243,500 7.7% 9.4%
Washington, DC $477,500 6.8% 9.0%
West Palm Beach, FL $350,000 0.0% 18.6%
Worcester, MA $325,900 8.6% 18.1%
National $353,000 5.3% 16.7%

Homes Sold

Redfin Metro Homes Sold Month-Over-Month Year-Over-Year
Albany, NY 883 21.5% 30.2%
Allentown, PA 734 28.8% 1.8%
Anaheim, CA 3,271 40.7% 36.2%
Atlanta, GA 10,313 33.2% 11.0%
Austin, TX 3,347 48.2% 5.2%
Bakersfield, CA 889 31.1% 27.4%
Baltimore, MD 3,866 25.2% 12.1%
Baton Rouge, LA 1,215 33.2% 35.5%
Birmingham, AL 1,555 28.4% 12.5%
Boston, MA 3,500 39.3% 10.5%
Bridgeport, CT 1,244 33.3% 45.5%
Buffalo, NY 793 -2.8% 5.6%
Camden, NJ 1,683 26.7% 8.1%
Charleston, SC 1,909 27.1% 23.4%
Charlotte, NC 4,487 34.9% 6.5%
Chicago, IL 9,358 51.2% 28.1%
Cincinnati, OH 2,585 27.7% 3.8%
Cleveland, OH 2,393 29.6% 2.2%
Columbus, OH 2,392 29.6% 2.3%
Dallas, TX 5,861 32.9% 0.9%
Dayton, OH 904 17.4% -7.3%
Denver, CO 5,098 30.3% 12.3%
Detroit, MI 1,668 14.5% 11.6%
El Paso, TX 926 29.0% 27.4%
Elgin, IL 1,007 45.5% 8.2%
Fort Lauderdale, FL 4,194 40.3% 32.9%
Fort Worth, TX 2,849 33.8% -1.5%
Frederick, MD 1,531 19.5% 4.6%
Fresno, CA 720 26.5% 6.5%
Grand Rapids, MI 1,085 23.2% -8.9%
Greensboro, NC 1,031 27.4% 22.0%
Greenville, SC 1,346 40.6% 11.8%
Hartford, CT 1,322 30.9% 11.3%
Houston, TX 9,666 55.1% 24.9%
Indianapolis, IN 2,762 22.6% -6.4%
Jacksonville, FL 3,078 23.4% 14.8%
Kansas City, MO 2,686 22.1% -3.7%
Knoxville, TN 1,277 26.8% 4.6%
Lake County, IL 1,212 40.1% 19.5%
Las Vegas, NV 4,811 33.6% 38.8%
Los Angeles, CA 7,144 41.2% 38.0%
Louisville, KY 1,319 28.1% 5.4%
McAllen, TX 356 44.7% 17.1%
Memphis, TN 1,072 23.6% 4.7%
Miami, FL 3,762 38.5% 41.9%
Milwaukee, WI 1,580 41.3% -1.9%
Minneapolis, MN 4,465 33.6% 4.5%
Montgomery County, PA 1,959 33.7% -0.5%
Nashville, TN 3,562 25.4% 6.0%
Nassau County, NY 2,747 9.0% 50.9%
New Brunswick, NJ 3,105 26.8% 24.3%
New Haven, CT 977 29.1% 27.2%
New Orleans, LA 1,525 29.5% 24.0%
New York, NY 6,655 24.6% 58.2%
Newark, NJ 2,158 24.8% 25.1%
North Port, FL 3,352 51.5% 47.1%
Oakland, CA 2,755 47.6% 42.6%
Oklahoma City, OK 2,125 37.0% 13.9%
Omaha, NE 949 24.9% -5.9%
Orlando, FL 5,208 34.2% 29.6%
Oxnard, CA 781 29.5% 18.0%
Philadelphia, PA 2,350 29.4% 25.5%
Phoenix, AZ 9,714 28.2% 14.2%
Pittsburgh, PA 2,157 41.8% 6.6%
Portland, OR 3,358 24.1% 8.1%
Providence, RI 1,671 27.3% 5.6%
Raleigh, NC 2,535 29.1% 1.8%
Richmond, VA 1,702 37.0% 8.0%
Riverside, CA 5,874 35.1% 23.3%
Rochester, NY 714 7.2% -9.4%
Sacramento, CA 2,682 32.2% 12.7%
Salt Lake City, UT 1,361 26.7% -1.1%
San Antonio, TX 3,067 36.3% 2.9%
San Diego, CA 3,372 26.1% 14.9%
San Francisco, CA 1,300 55.1% 54.6%
San Jose, CA 1,577 44.5% 56.4%
Seattle, WA 4,364 39.3% 17.2%
St. Louis, MO 3,396 28.8% 5.3%
Tacoma, WA 1,336 33.9% 15.8%
Tampa, FL 6,714 30.6% 17.9%
Tucson, AZ 1,889 32.2% 16.6%
Tulsa, OK 1,336 40.3% 21.1%
Urban Honolulu, HI 936 35.8% 37.8%
Virginia Beach, VA 2,651 30.2% 16.0%
Warren, MI 3,103 19.2% 2.6%
Washington, DC 6,796 31.0% 10.9%
West Palm Beach, FL 4,139 41.1% 33.0%
Worcester, MA 815 17.6% -1.0%
National 597,300 -2.4% 10.1%

New Listings

Redfin Metro New Listings Month-Over-Month Year-Over-Year
Albany, NY 1,149 53.2% 25.8%
Allentown, PA 542 25.8% -37.9%
Anaheim, CA 3,619 23.5% 27.5%
Atlanta, GA 11,189 26.3% -6.1%
Austin, TX 4,111 65.0% -0.6%
Bakersfield, CA 1,023 29.2% 11.3%
Baltimore, MD 4,860 44.2% 1.1%
Baton Rouge, LA 608 -12.0% -48.5%
Birmingham, AL 1,461 16.4% -11.7%
Boston, MA 6,021 60.9% 17.5%
Bridgeport, CT 1,862 62.8% 24.6%
Buffalo, NY 1,152 60.9% 24.9%
Camden, NJ 2,126 41.0% 5.3%
Charleston, SC 1,967 25.8% 1.4%
Charlotte, NC 3,074 -4.3% -41.7%
Chicago, IL 12,440 46.5% 11.7%
Cincinnati, OH 3,187 46.2% 0.5%
Cleveland, OH 3,057 39.1% 7.3%
Columbus, OH 2,855 45.9% -0.1%
Dallas, TX 6,967 52.0% -6.8%
Dayton, OH 1,207 45.8% 2.3%
Denver, CO 5,459 27.4% -8.7%
Detroit, MI 2,151 45.8% 13.8%
El Paso, TX 989 0.8% 3.8%
Elgin, IL 1,230 45.0% -6.5%
Fort Lauderdale, FL 3,705 10.8% -0.9%
Fort Worth, TX 3,334 52.3% -4.6%
Frederick, MD 2,133 59.8% 7.0%
Fresno, CA 862 21.9% -3.7%
Grand Rapids, MI 1,362 47.7% -6.1%
Greensboro, NC 665 11.2% -36.3%
Greenville, SC 1,297 14.5% -13.0%
Hartford, CT 1,911 64.6% 10.9%
Houston, TX 10,835 41.5% 1.4%
Indianapolis, IN 3,254 51.8% -9.5%
Jacksonville, FL 3,292 19.9% -8.9%
Kansas City, MO 3,598 49.0% -1.3%
Knoxville, TN 1,022 8.3% -25.9%
Lake County, IL 1,523 42.9% 0.8%
Las Vegas, NV 4,575 18.6% 3.6%
Los Angeles, CA 8,476 21.4% 36.5%
Louisville, KY 1,597 55.5% 3.8%
McAllen, TX 471 28.7% 5.4%
Memphis, TN 1,224 43.2% -6.3%
Miami, FL 4,584 16.3% 32.0%
Milwaukee, WI 2,047 51.9% 0.4%
Minneapolis, MN 6,361 40.5% -9.0%
Montgomery County, PA 2,896 61.1% 13.0%
Nashville, TN 3,765 18.4% -13.3%
Nassau County, NY 3,525 48.1% 19.4%
New Brunswick, NJ 4,185 56.2% 23.2%
New Haven, CT 1,392 51.8% 18.5%
New Orleans, LA 1,789 28.5% 6.2%
New York, NY 10,401 62.2% 55.3%
Newark, NJ 3,141 70.4% 21.6%
North Port, FL 2,768 15.6% 13.3%
Oakland, CA 3,282 24.9% 40.4%
Oklahoma City, OK 2,445 55.5% 3.3%
Omaha, NE 1,319 44.8% -17.5%
Orlando, FL 4,879 18.6% -1.6%
Oxnard, CA 969 25.5% 21.4%
Philadelphia, PA 3,492 55.8% 33.6%
Phoenix, AZ 9,386 13.5% -7.8%
Pittsburgh, PA 2,790 60.2% 35.9%
Portland, OR 3,941 36.7% -1.0%
Providence, RI 2,258 58.6% 6.4%
Raleigh, NC 2,560 15.8% -13.6%
Richmond, VA 2,012 45.1% -8.0%
Riverside, CA 6,102 19.8% 16.1%
Rochester, NY 1,120 61.2% 4.4%
Sacramento, CA 3,162 30.0% 0.8%
Salt Lake City, UT 687 -29.0% -66.1%
San Antonio, TX 3,330 46.1% -8.2%
San Diego, CA 3,682 19.8% 4.8%
San Francisco, CA 1,260 -1.2% 46.5%
San Jose, CA 2,001 23.4% 51.4%
Seattle, WA 5,481 45.5% 7.5%
St. Louis, MO 2,192 0.4% -46.5%
Tacoma, WA 1,669 37.7% 3.2%
Tampa, FL 6,462 17.6% -1.7%
Tucson, AZ 1,866 11.1% -2.6%
Tulsa, OK 1,583 63.0% 4.9%
Urban Honolulu, HI 782 7.7% -15.3%
Virginia Beach, VA 3,232 39.2% 8.8%
Warren, MI 3,945 52.5% 13.9%
Washington, DC 9,026 48.7% 6.2%
West Palm Beach, FL 4,026 13.1% 11.9%
Worcester, MA 1,266 74.9% 0.3%
National 527,100 -1.5% -7.1%

All Homes for Sale

Redfin Metro All Homes for Sale Month-Over-Month Year-Over-Year
Albany, NY 2,536 6.2% -22.6%
Allentown, PA 1,197 -1.3% -52.1%
Anaheim, CA 7,868 9.5% -10.6%
Atlanta, GA 21,409 5.5% -38.6%
Austin, TX 6,896 28.4% -28.8%
Bakersfield, CA 1,967 5.0% -21.7%
Baltimore, MD 8,881 16.1% -31.1%
Baton Rouge, LA 1,920 -13.0% -59.4%
Birmingham, AL 4,045 3.6% -29.2%
Boston, MA 10,750 25.7% -9.6%
Bridgeport, CT 4,947 14.2% -21.8%
Buffalo, NY 1,892 21.8% -23.7%
Camden, NJ 4,230 12.9% -34.9%
Charleston, SC 5,451 7.6% -25.7%
Charlotte, NC 8,538 -5.6% -44.5%
Chicago, IL 26,206 11.6% -24.4%
Cincinnati, OH 7,483 14.6% -17.0%
Cleveland, OH 6,398 10.3% -25.9%
Columbus, OH 6,087 15.2% -20.0%
Dallas, TX 13,342 9.9% -42.1%
Dayton, OH 2,293 12.2% -25.2%
Denver, CO 7,664 11.6% -30.9%
Detroit, MI 4,377 7.7% -32.9%
El Paso, TX 2,506 -1.8% -32.6%
Elgin, IL 1,916 11.8% -48.5%
Fort Lauderdale, FL 13,134 -2.7% -25.3%
Fort Worth, TX 6,307 12.0% -37.8%
Frederick, MD 3,654 24.4% -19.0%
Fresno, CA 1,434 8.1% -34.9%
Grand Rapids, MI 2,194 20.1% -31.4%
Greensboro, NC 1,640 -9.8% -47.8%
Greenville, SC 3,907 2.5% -25.6%
Hartford, CT 4,390 15.7% -28.5%
Houston, TX 24,963 6.5% -30.3%
Indianapolis, IN 5,261 15.8% -33.0%
Jacksonville, FL 6,819 2.1% -36.7%
Kansas City, MO 6,335 12.7% -31.3%
Knoxville, TN 3,258 -0.1% -32.9%
Lake County, IL 2,926 12.4% -41.8%
Las Vegas, NV 9,692 0.1% -24.3%
Los Angeles, CA 20,667 6.9% 2.8%
Louisville, KY 3,041 14.6% -25.5%
McAllen, TX 1,500 3.7% -32.6%
Memphis, TN 2,704 11.0% -26.4%
Miami, FL 17,564 0.8% -18.1%
Milwaukee, WI 4,932 16.9% -18.2%
Minneapolis, MN 11,002 18.7% -24.3%
Montgomery County, PA 5,311 22.4% -26.5%
Nashville, TN 8,257 1.6% -39.3%
Nassau County, NY 9,033 8.7% -26.0%
New Brunswick, NJ 8,796 15.2% -34.6%
New Haven, CT 3,311 12.9% -21.3%
New Orleans, LA 4,269 5.5% -25.4%
New York, NY 36,525 8.7% -6.0%
Newark, NJ 7,367 18.5% -22.3%
North Port, FL 4,952 -7.1% -48.0%
Oakland, CA 4,989 18.6% 8.3%
Oklahoma City, OK 4,395 14.3% -31.8%
Omaha, NE 1,995 18.5% -36.2%
Orlando, FL 9,870 -2.5% -28.9%
Oxnard, CA 2,046 13.7% -19.9%
Philadelphia, PA 8,356 13.3% -2.9%
Phoenix, AZ 18,155 3.1% -27.7%
Pittsburgh, PA 7,748 13.7% -18.9%
Portland, OR 6,271 20.2% -27.5%
Providence, RI 4,620 15.9% -26.0%
Raleigh, NC 5,655 2.4% -37.3%
Richmond, VA 3,181 18.0% -34.2%
Riverside, CA 12,768 5.2% -31.9%
Rochester, NY 1,726 19.7% -31.0%
Sacramento, CA 4,950 19.9% -28.3%
Salt Lake City, UT 1,329 -21.5% -66.3%
San Antonio, TX 7,099 4.9% -43.1%
San Diego, CA 6,302 10.2% -24.7%
San Francisco, CA 3,064 3.0% 33.7%
San Jose, CA 3,552 15.5% 31.3%
Seattle, WA 7,663 27.2% -9.0%
St. Louis, MO 5,822 -7.0% -48.8%
Tacoma, WA 2,244 28.3% -18.8%
Tampa, FL 11,180 -0.8% -39.8%
Tucson, AZ 4,432 4.5% -22.7%
Tulsa, OK 2,802 19.3% -35.0%
Urban Honolulu, HI 3,051 -2.0% -28.1%
Virginia Beach, VA 5,944 10.8% -26.9%
Warren, MI 6,822 16.6% -29.7%
Washington, DC 16,307 19.9% -12.0%
West Palm Beach, FL 12,812 -3.2% -26.3%
Worcester, MA 2,121 23.7% -30.7%
National 1,458,600 -3.0% -28.9%

Median Off-Market Redfin Estimate

Redfin Metro Estimate Month-Over-Month Year-Over-Year
Albany, NY $215,300 0.8% 10.4%
Allentown, PA $233,900 1.0% 11.8%
Anaheim, CA $797,200 1.6% 9.5%
Atlanta, GA $257,600 1.1% 12.1%
Austin, TX $340,600 2.6% 15.0%
Bakersfield, CA $216,600 1.3% 13.1%
Baltimore, MD $295,200 1.0% 10.3%
Baton Rouge, LA $139,400 1.1% 8.8%
Birmingham, AL $148,300 1.3% 12.3%
Boston, MA $564,300 0.7% 8.7%
Bridgeport, CT $416,600 0.6% 7.1%
Buffalo, NY $166,200 1.5% 12.7%
Camden, NJ $231,500 1.2% 13.9%
Charleston, SC $258,900 1.1% 9.9%
Charlotte, NC $239,700 1.2% 16.4%
Chicago, IL $274,000 0.4% 5.9%
Cincinnati, OH $181,900 0.9% 11.6%
Cleveland, OH $155,000 1.0% 11.7%
Columbus, OH $219,900 1.6% 12.5%
Dallas, TX $280,600 1.2% 9.5%
Dayton, OH $137,000 0.7% 11.2%
Denver, CO $449,100 1.5% 8.1%
Detroit, MI $114,300 1.0% 10.9%
Elgin, IL $245,100 0.5% 7.2%
Fort Lauderdale, FL $296,200 0.9% 8.8%
Fort Worth, TX $239,700 1.1% 9.8%
Frederick, MD $445,000 0.7% 8.0%
Fresno, CA $290,100 1.4% 12.6%
Grand Rapids, MI $195,000 1.8% 15.0%
Greensboro, NC $155,000 1.1% 14.2%
Greenville, SC $176,400 0.9% 11.8%
Hartford, CT $237,400 0.5% 7.0%
Houston, TX $216,000 0.8% 9.2%
Indianapolis, IN $182,900 0.9% 12.3%
Jacksonville, FL $235,800 2.1% 12.3%
Kansas City, MO $200,300 0.9% 10.0%
Knoxville, TN $198,900 1.2% 13.2%
Lake County, IL $232,100 0.6% 7.4%
Las Vegas, NV $306,500 1.2% 8.3%
Los Angeles, CA $705,200 1.1% 9.9%
Louisville, KY $191,900 0.6% 10.1%
Memphis, TN $166,700 1.2% 15.8%
Miami, FL $339,800 1.0% 9.1%
Milwaukee, WI $222,700 0.4% 13.8%
Minneapolis, MN $294,100 0.6% 8.7%
Montgomery County, PA $352,800 0.8% 9.8%
Nashville, TN $300,800 0.8% 9.3%
Nassau County, NY $533,700 0.7% 11.4%
New Brunswick, NJ $382,200 0.9% 11.4%
New Haven, CT $240,500 0.7% 9.2%
New Orleans, LA $184,500 0.6% 9.9%
Newark, NJ $408,400 0.8% 12.1%
North Port, FL $260,000 1.6% 10.4%
Oakland, CA $856,100 1.6% 11.4%
Oklahoma City, OK $158,800 0.8% 10.9%
Omaha, NE $207,700 1.1% 10.5%
Orlando, FL $254,800 0.9% 9.1%
Oxnard, CA $653,400 1.1% 9.1%
Philadelphia, PA $211,700 0.8% 11.9%
Phoenix, AZ $312,600 1.9% 15.9%
Pittsburgh, PA $149,200 0.8% 14.0%
Portland, OR $434,800 1.3% 9.8%
Providence, RI $329,000 1.0% 13.3%
Raleigh, NC $280,600 1.1% 10.2%
Richmond, VA $257,500 0.6% 10.2%
Riverside, CA $376,200 1.8% 14.6%
Rochester, NY $156,400 0.5% 9.7%
Sacramento, CA $455,900 1.2% 11.2%
Salt Lake City, UT $397,700 1.5% 13.5%
San Antonio, TX $201,000 0.9% 9.9%
San Diego, CA $673,300 1.9% 12.3%
San Francisco, CA $1,367,700 0.6% 0.6%
San Jose, CA $1,249,200 2.0% 10.4%
Seattle, WA $626,800 2.0% 13.3%
St. Louis, MO $170,200 0.2% 8.7%
Tacoma, WA $419,300 1.6% 17.0%
Tampa, FL $245,100 1.4% 12.2%
Tucson, AZ $231,400 1.6% 15.1%
Tulsa, OK $144,600 0.8% 10.8%
Urban Honolulu, HI $735,100 0.6% 5.4%
Virginia Beach, VA $253,300 0.7% 10.2%
Warren, MI $229,500 0.8% 10.4%
Washington, DC $432,700 0.8% 9.2%
West Palm Beach, FL $299,800 1.0% 9.3%
Worcester, MA $309,100 0.7% 11.8%
National $337,500 0.0% 15.4%

Source

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