Metros where homes are selling for the most over asking price

Written by:
November 21, 2022
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 list price.

Stacker analyzed data from Redfin to see which metros had the most homes sold over asking price. Data shows sales for the week ending 11/06/22. Metros where fewer than 12 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.

In the first week of November 7,816 homes were sold across the 50 metro areas analyzed for a median sale price of just over $350,000.

You may also like: Comparing minimum wage to the cost of living in every state

1 / 50
Rina Pitucci // Flickr

#50. Harrisburg, PA metro area

- Average sale to list ratio: 1.002
- Total homes sold: 146
- Median sale price: $269,500

2 / 50
spablab // Flickr

#49. Providence, RI metro area

- Average sale to list ratio: 1.003
- Total homes sold: 323
- Median sale price: $410,000

3 / 50
formulanone // Wikimedia Commons

#48. Albertville, AL metro area

- Average sale to list ratio: 1.003
- Total homes sold: 26
- Median sale price: $253,000

4 / 50
Teemu008 /// Flickr

#47. Bloomington, IL metro area

- Average sale to list ratio: 1.003
- Total homes sold: 43
- Median sale price: $212,000

5 / 50
Real Window Creative // Shutterstock

#46. Wilmington, DE metro area

- Average sale to list ratio: 1.003
- Total homes sold: 164
- Median sale price: $327,450

You may also like: Best big cities to live in America

6 / 50
Forevaclevah // Wikimedia Commons

#45. New Brunswick, NJ metro area

- Average sale to list ratio: 1.003
- Total homes sold: 632
- Median sale price: $450,000

7 / 50
Bruce Emmerling // Wikicommons

#44. Baltimore, MD metro area

- Average sale to list ratio: 1.003
- Total homes sold: 607
- Median sale price: $335,000

8 / 50
JonClee86 // Wikicommons

#43. Omaha, NE metro area

- Average sale to list ratio: 1.004
- Total homes sold: 213
- Median sale price: $300,000

9 / 50
Joseph Sohm // Shutterstock

#42. Portland, ME metro area

- Average sale to list ratio: 1.004
- Total homes sold: 159
- Median sale price: $460,000

10 / 50
Smallbones // Wikimedia Commons

#41. York, PA metro area

- Average sale to list ratio: 1.004
- Total homes sold: 138
- Median sale price: $229,950

You may also like: Best lake towns to live in

11 / 50
Pixabay

#40. Lebanon, PA metro area

- Average sale to list ratio: 1.005
- Total homes sold: 43
- Median sale price: $250,900

12 / 50
Sean Pavone // Shutterstock

#39. Boston, MA metro area

- Average sale to list ratio: 1.005
- Total homes sold: 845
- Median sale price: $650,000

13 / 50
Wangkun Jia // Shutterstock

#38. Albany, NY metro area

- Average sale to list ratio: 1.006
- Total homes sold: 166
- Median sale price: $309,113

14 / 50
Artazum // Shutterstock

#37. Shelton, WA metro area

- Average sale to list ratio: 1.006
- Total homes sold: 25
- Median sale price: $425,000

15 / 50
Don Ramey Logan // Wikicommons

#36. San Jose, CA metro area

- Average sale to list ratio: 1.006
- Total homes sold: 206
- Median sale price: $1,377,500

You may also like: Iconic buildings from every state

16 / 50
AbeEzekowitz // Wikimedia Commons

#35. Joplin, MO metro area

- Average sale to list ratio: 1.006
- Total homes sold: 48
- Median sale price: $174,965

17 / 50
Max Pixel

#34. Milwaukee, WI metro area

- Average sale to list ratio: 1.007
- Total homes sold: 325
- Median sale price: $292,000

18 / 50
Jon Bilous // Shutterstock

#33. Frederick, MD metro area

- Average sale to list ratio: 1.007
- Total homes sold: 286
- Median sale price: $510,000

19 / 50
Creative Commons

#32. Oshkosh, WI metro area

- Average sale to list ratio: 1.007
- Total homes sold: 39
- Median sale price: $250,000

20 / 50
Roberto Galan // Shutterstock

#31. Hillsdale, MI metro area

- Average sale to list ratio: 1.007
- Total homes sold: 14
- Median sale price: $168,500

You may also like: How much the typical home cost in your state in 1950

21 / 50
Jmabel // Wikimedia Commons

#30. Albany, OR metro area

- Average sale to list ratio: 1.007
- Total homes sold: 23
- Median sale price: $370,000

22 / 50
Allison J. Hahn // Shutterstock

#29. Fort Polk South, LA metro area

- Average sale to list ratio: 1.008
- Total homes sold: 39
- Median sale price: $177,700

23 / 50
James Kirkikis // Shutterstock

#28. Keene, NH metro area

- Average sale to list ratio: 1.008
- Total homes sold: 20
- Median sale price: $257,450

24 / 50
Wangkun Jia // Shutterstock

#27. Concord, NH metro area

- Average sale to list ratio: 1.008
- Total homes sold: 32
- Median sale price: $438,600

25 / 50
Nicholas // Wikimedia Commons

#26. Reading, PA metro area

- Average sale to list ratio: 1.009
- Total homes sold: 67
- Median sale price: $227,000

You may also like: Metros where people owe more than their homes are worth

26 / 50
FotosForTheFuture // Shutterstock

#25. Camden, NJ metro area

- Average sale to list ratio: 1.009
- Total homes sold: 336
- Median sale price: $295,000

27 / 50
John Phelan // Wikimedia

#24. Worcester, MA metro area

- Average sale to list ratio: 1.009
- Total homes sold: 212
- Median sale price: $396,500

28 / 50
William Silver // Shutterstock

#23. St. Marys, GA metro area

- Average sale to list ratio: 1.010
- Total homes sold: 26
- Median sale price: $308,407

29 / 50
Doug Kerr // Wikimedia Commons

#22. Syracuse, NY metro area

- Average sale to list ratio: 1.010
- Total homes sold: 121
- Median sale price: $182,000

30 / 50
E Pasqualli // Shutterstock

#21. Bennington, VT metro area

- Average sale to list ratio: 1.011
- Total homes sold: 14
- Median sale price: $222,000

You may also like: What the 50 biggest cities in America looked like 50 years ago

31 / 50
Ryan Stavely // Flickr

#20. Staunton, VA metro area

- Average sale to list ratio: 1.011
- Total homes sold: 27
- Median sale price: $305,000

32 / 50
Matt314 // Wikicommons

#19. Santa Rosa, CA metro area

- Average sale to list ratio: 1.012
- Total homes sold: 73
- Median sale price: $780,000

33 / 50
Chris Rand//Wikicommons

#18. Green Bay, WI metro area

- Average sale to list ratio: 1.012
- Total homes sold: 60
- Median sale price: $279,000

34 / 50
Sean Pavone // Shutterstock

#17. Manchester, NH metro area

- Average sale to list ratio: 1.014
- Total homes sold: 118
- Median sale price: $420,000

35 / 50
America's Power // Wikicommons

#16. Topeka, KS metro area

- Average sale to list ratio: 1.014
- Total homes sold: 41
- Median sale price: $191,500

You may also like: Best places to live in the Midwest

36 / 50
Christopher Boswell // Shutterstock

#15. Trenton, NJ metro area

- Average sale to list ratio: 1.015
- Total homes sold: 72
- Median sale price: $343,300

37 / 50
Sundry Photography // Shutterstock

#14. Oakland, CA metro area

- Average sale to list ratio: 1.015
- Total homes sold: 354
- Median sale price: $950,000

38 / 50
Mihai_Andritoiu // Shutterstock

#13. Newark, NJ metro area

- Average sale to list ratio: 1.016
- Total homes sold: 489
- Median sale price: $465,000

39 / 50
John Phelan // Wikimedia Commons

#12. Springfield, MA metro area

- Average sale to list ratio: 1.017
- Total homes sold: 150
- Median sale price: $315,000

40 / 50
Sean Pavone // Shutterstock

#11. Augusta, ME metro area

- Average sale to list ratio: 1.018
- Total homes sold: 37
- Median sale price: $252,000

You may also like: Oldest cities in America

41 / 50
Alycat // Wikimedia Commons

#10. Canton, OH metro area

- Average sale to list ratio: 1.019
- Total homes sold: 92
- Median sale price: $167,450

42 / 50
Smallbones // Wikimedia Commons

#9. Lancaster, PA metro area

- Average sale to list ratio: 1.019
- Total homes sold: 118
- Median sale price: $325,000

43 / 50
John Phelan // Wikimedia

#8. Hartford, CT metro area

- Average sale to list ratio: 1.020
- Total homes sold: 308
- Median sale price: $312,406

44 / 50
Royalbroil // Wikimedia Commons

#7. Appleton, WI metro area

- Average sale to list ratio: 1.022
- Total homes sold: 52
- Median sale price: $258,700

45 / 50
Canva

#6. Ruidoso, NM metro area

- Average sale to list ratio: 1.022
- Total homes sold: 13
- Median sale price: $369,000

You may also like: 50 best beach towns to live in

46 / 50
Albert Pego // Shutterstock

#5. Burlington, VT metro area

- Average sale to list ratio: 1.026
- Total homes sold: 61
- Median sale price: $415,500

47 / 50
Stephen Zimmermann // Wikimedia Commons

#4. Buffalo, NY metro area

- Average sale to list ratio: 1.032
- Total homes sold: 175
- Median sale price: $250,000

48 / 50
User:OHWiki // Wikimedia Commons

#3. Marion, OH metro area

- Average sale to list ratio: 1.057
- Total homes sold: 18
- Median sale price: $154,200

49 / 50
Andre Carrotflower // Wikimedia Commons

#2. Batavia, NY metro area

- Average sale to list ratio: 1.067
- Total homes sold: 18
- Median sale price: $198,000

50 / 50
Theresa Marconi // Wikimedia Commons

#1. Rochester, NY metro area

- Average sale to list ratio: 1.088
- Total homes sold: 202
- Median sale price: $206,500

You may also like: Best places to retire in America

Trending Now