The 50 places where homes are selling the fastest
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The 50 places where homes are selling the fastest
The pace at which homes sell in the U.S. tends to ebb and flow over the calendar year, with homes selling the fastest in the summer and slowest in the winter. But in 2023, things are more muted as high home prices and mortgage interest rates spook potential buyers. In May, the median number of days a home spent on the market was 31, two weeks longer compared to the year before.
At a local level, a property that sits on the market for longer than the median length of time could signal to potential buyers that there is something undesirable about the listing. When homes sell faster, it can be a sign that any given market is less buyer-friendly, and decisions must be made quickly. Many places on this list have a median sale price below the national median of $418,387, a sign affordability is a top priority for buyers.
Stacker compiled a list of metros where homes are selling the fastest, using data from Redfin. Metros are ranked by the fewest median days listed for sale in May, with ties broken by the number of home sales. Metros with over 300 home sales in May were included.
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#50. Modesto, California
– Median days on market: 14
– Total homes sold: 353
– Median sale price: $460,000
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#49. Wilmington, North Carolina
– Median days on market: 14
– Total homes sold: 570
– Median sale price: $445,000
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#48. Akron, Ohio
– Median days on market: 14
– Total homes sold: 758
– Median sale price: $201,250
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#47. Fayetteville, North Carolina
– Median days on market: 14
– Total homes sold: 790
– Median sale price: $284,950
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#46. Tulsa, Oklahoma
– Median days on market: 14
– Total homes sold: 1,285
– Median sale price: $269,250
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#45. Bremerton, Washington
– Median days on market: 13
– Total homes sold: 351
– Median sale price: $545,000
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#44. Flint, Michigan
– Median days on market: 13
– Total homes sold: 433
– Median sale price: $205,000
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#43. Rockingham County, New Hampshire
– Median days on market: 12
– Total homes sold: 438
– Median sale price: $519,500
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#42. Springfield, Missouri
– Median days on market: 12
– Total homes sold: 632
– Median sale price: $269,900
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#41. Wilmington, Delaware
– Median days on market: 12
– Total homes sold: 648
– Median sale price: $325,000
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#40. San Jose, California
– Median days on market: 12
– Total homes sold: 1,209
– Median sale price: $1,478,500
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#39. Oakland, California
– Median days on market: 12
– Total homes sold: 2,048
– Median sale price: $950,000
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#38. San Diego
– Median days on market: 12
– Total homes sold: 2,256
– Median sale price: $850,000
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#37. South Bend, Indiana
– Median days on market: 11
– Total homes sold: 352
– Median sale price: $207,500
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#36. Davenport, Iowa
– Median days on market: 11
– Total homes sold: 383
– Median sale price: $187,500
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#35. Anchorage, Alaska
– Median days on market: 11
– Total homes sold: 460
– Median sale price: $395,000
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#34. Portland, Maine
– Median days on market: 11
– Total homes sold: 569
– Median sale price: $480,000
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#33. Sacramento, California
– Median days on market: 11
– Total homes sold: 2,119
– Median sale price: $565,000
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#32. Warren, Michigan
– Median days on market: 11
– Total homes sold: 2,894
– Median sale price: $300,000
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#31. Barnstable Town, Massachusetts
– Median days on market: 10
– Total homes sold: 381
– Median sale price: $649,000
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#30. Lincoln, Nebraska
– Median days on market: 10
– Total homes sold: 412
– Median sale price: $286,000
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#29. Jacksonville, North Carolina
– Median days on market: 10
– Total homes sold: 514
– Median sale price: $275,000
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#28. Spokane, Washington
– Median days on market: 10
– Total homes sold: 669
– Median sale price: $423,998
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#27. Albany, New York
– Median days on market: 10
– Total homes sold: 672
– Median sale price: $293,000
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#26. Allentown, Pennsylvania
– Median days on market: 10
– Total homes sold: 719
– Median sale price: $310,000
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#25. Buffalo, New York
– Median days on market: 10
– Total homes sold: 783
– Median sale price: $230,000
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#24. Frederick, Maryland
– Median days on market: 10
– Total homes sold: 1,352
– Median sale price: $575,000
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#23. Richmond, Virginia
– Median days on market: 10
– Total homes sold: 1,580
– Median sale price: $370,000
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#22. Portland, Oregon
– Median days on market: 10
– Total homes sold: 2,568
– Median sale price: $555,000
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#21. Cedar Rapids, Iowa
– Median days on market: 9
– Total homes sold: 328
– Median sale price: $191,000
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#20. Roanoke, Virginia
– Median days on market: 9
– Total homes sold: 332
– Median sale price: $290,000
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#19. Manchester, New Hampshire
– Median days on market: 9
– Total homes sold: 363
– Median sale price: $459,900
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#18. Lynchburg, Virginia
– Median days on market: 8
– Total homes sold: 302
– Median sale price: $284,900
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#17. Charlottesville, Virginia
– Median days on market: 8
– Total homes sold: 319
– Median sale price: $463,750
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#16. Olympia, Washington
– Median days on market: 8
– Total homes sold: 329
– Median sale price: $504,000
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#15. Rochester, New York
– Median days on market: 8
– Total homes sold: 774
– Median sale price: $232,504
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#14. Tacoma, Washington
– Median days on market: 8
– Total homes sold: 955
– Median sale price: $544,990
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#13. Omaha, Nebraska
– Median days on market: 8
– Total homes sold: 1,208
– Median sale price: $307,000
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#12. Indianapolis
– Median days on market: 8
– Total homes sold: 3,003
– Median sale price: $300,000
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#11. Denver
– Median days on market: 8
– Total homes sold: 4,384
– Median sale price: $590,000
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#10. Reading, Pennsylvania
– Median days on market: 6
– Total homes sold: 371
– Median sale price: $260,000
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#9. Lancaster, Pennsylvania
– Median days on market: 6
– Total homes sold: 420
– Median sale price: $309,175
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#8. Fort Wayne, Indiana
– Median days on market: 6
– Total homes sold: 492
– Median sale price: $247,500
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#7. Wichita, Kansas
– Median days on market: 6
– Total homes sold: 792
– Median sale price: $230,000
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#6. Grand Rapids, Michigan
– Median days on market: 6
– Total homes sold: 1,022
– Median sale price: $330,000
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#5. Cincinnati
– Median days on market: 6
– Total homes sold: 2,316
– Median sale price: $289,502
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#4. Seattle
– Median days on market: 6
– Total homes sold: 3,166
– Median sale price: $800,000
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#3. Rockford, Illinois
– Median days on market: 5
– Total homes sold: 347
– Median sale price: $170,000
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#2. York, Pennsylvania
– Median days on market: 5
– Total homes sold: 524
– Median sale price: $267,000
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#1. Harrisburg, Pennsylvania
– Median days on market: 5
– Total homes sold: 547
– Median sale price: $260,000
Data reporting by Elena Cox. Story editing by Jeff Inglis. Copy editing by Paris Close.
