Special Report

This Is the City Where Homes Are Selling Fastest

TrongNguyen / iStock via Getty Images

The U.S. real estate market is on fire. This is driven by low mortgage rates, solid incomes among middle and upper-class Americans, and the desire of people to move out of America’s largest cities, particularly on the East and West Coasts, often due to worries about the spread of COVID-19. 

Realtor.com data shows median list prices have increased by over 12% from June 2020 to June 2021. In some markets, the number is much higher. Inventory in many markets has dropped due to brisk sales. This tightening has driven some home prices even higher and caused bidding wars for some houses. The demand for homes, however, is uneven from city to city.

Realtor.com looked at the markets where homes are selling the fastest. Its analysis for June covers nearly 400 major metropolitan areas. The median number of days a home was on the market during the month was 37.0. 

The market with the fastest home sales pace is Ogden-Clearfield, Utah where the median number of days on the market is 9.0. The northern Utah metro area has seen its population grow by 8.2% in the last five years, well more than double the U.S. growth rate of 2.9%. The median listing price is $497,775.

Click here to see the city where homes are selling fastest

To determine the city where homes are selling the fastest, 24/7 Wall St. reviewed data on real estate from market site realtor.com, a subsidiary of Move, Inc. Metropolitan areas were ranked based on the median days on the market as of June 2021, the median number of days between the initial listing of a property and either its closing date or the date it is taken off the market. Data on median list price, median square footage, and number of active listings also came from realtor.com. Supplemental data on population and median household income came from the U.S. Census Bureau’s 2019 American Community Survey.

lippyjr / Getty Images

28. Fairbanks, AK (tied)
> Median days on market: 17.0
> Change in median days on market, June 2020 – June 2021: +7.1%
> Median listing price, June 2021: $249,950 (+7.1% from June 2020)
> 5-yr. population change -2.5%

[in-text-ad]

DenisTangneyJr / iStock via Getty Images

28. Logan, UT-ID (tied)
> Median days on market: 17.0
> Change in median days on market, June 2020 – June 2021: +56.0%
> Median listing price, June 2021: $529,950 (+56.0% from June 2020)
> 5-yr. population change +8.3%

DenisTangneyJr / Getty Images

28. Fresno, CA (tied)
> Median days on market: 17.0
> Change in median days on market, June 2020 – June 2021: +15.9%
> Median listing price, June 2021: $400,000 (+15.9% from June 2020)
> 5-yr. population change +3.4%

Sean Pavone / Getty Images

23. Portland-South Portland, ME (tied)
> Median days on market: 16.5
> Change in median days on market, June 2020 – June 2021: +14.0%
> Median listing price, June 2021: $472,900 (+14.0% from June 2020)
> 5-yr. population change +2.9%

[in-text-ad-2]

SeanPavonePhoto / Getty Images

23. Worcester, MA-CT (tied)
> Median days on market: 16.5
> Change in median days on market, June 2020 – June 2021: +11.9%
> Median listing price, June 2021: $429,000 (+11.9% from June 2020)
> 5-yr. population change +1.8%

SweetyMommy / iStock via Getty Images

23. St. George, UT (tied)
> Median days on market: 16.5
> Change in median days on market, June 2020 – June 2021: +43.4%
> Median listing price, June 2021: $649,000 (+43.4% from June 2020)
> 5-yr. population change +16.9%

[in-text-ad]

23. Elkhart-Goshen, IN (tied)
> Median days on market: 16.5
> Change in median days on market, June 2020 – June 2021: -10.5%
> Median listing price, June 2021: $238,450 (-10.5% from June 2020)
> 5-yr. population change +2.2%

gnagel / Getty Images

23. Jefferson City, MO (tied)
> Median days on market: 16.5
> Change in median days on market, June 2020 – June 2021: +0.0%
> Median listing price, June 2021: $199,900 (+0.0% from June 2020)
> 5-yr. population change +0.9%

dszc / Getty Images

21. Austin-Round Rock-Georgetown, TX (tied)
> Median days on market: 16.0
> Change in median days on market, June 2020 – June 2021: +34.4%
> Median listing price, June 2021: $523,950 (+34.4% from June 2020)
> 5-yr. population change +14.6%

[in-text-ad-2]

Courtesy of the City of Burlington, NC

21. Burlington, NC (tied)
> Median days on market: 16.0
> Change in median days on market, June 2020 – June 2021: -1.1%
> Median listing price, June 2021: $279,230 (-1.1% from June 2020)
> 5-yr. population change +8.8%

SeanPavonePhoto / Getty Images

19. Columbia, SC (tied)
> Median days on market: 15.5
> Change in median days on market, June 2020 – June 2021: +2.0%
> Median listing price, June 2021: $254,950 (+2.0% from June 2020)
> 5-yr. population change +4.8%

[in-text-ad]

DEREK556 / Getty Images

19. Vallejo, CA (tied)
> Median days on market: 15.5
> Change in median days on market, June 2020 – June 2021: +16.1%
> Median listing price, June 2021: $577,000 (+16.1% from June 2020)
> 5-yr. population change +3.8%

traveler1116 / Getty Images

14. Columbus, OH (tied)
> Median days on market: 15.0
> Change in median days on market, June 2020 – June 2021: -9.8%
> Median listing price, June 2021: $299,900 (-9.8% from June 2020)
> 5-yr. population change +6.4%

peeterv / Getty Images

14. Rapid City, SD (tied)
> Median days on market: 15.0
> Change in median days on market, June 2020 – June 2021: +2.0%
> Median listing price, June 2021: $365,500 (+2.0% from June 2020)
> 5-yr. population change -1.2%

[in-text-ad-2]

Davel5957 / Getty Images

14. Cheyenne, WY (tied)
> Median days on market: 15.0
> Change in median days on market, June 2020 – June 2021: +10.1%
> Median listing price, June 2021: $407,450 (+10.1% from June 2020)
> 5-yr. population change +3.2%

LawrenceSawyer / Getty Images

14. Topeka, KS (tied)
> Median days on market: 15.0
> Change in median days on market, June 2020 – June 2021: +4.9%
> Median listing price, June 2021: $159,950 (+4.9% from June 2020)
> 5-yr. population change -0.8%

[in-text-ad]

SeanPavonePhoto / Getty Images

14. Raleigh-Cary, NC (tied)
> Median days on market: 15.0
> Change in median days on market, June 2020 – June 2021: +7.0%
> Median listing price, June 2021: $411,095 (+7.0% from June 2020)
> 5-yr. population change +11.9%

benedek / Getty Images

12. Nashville-Davidson–Murfreesboro–Franklin, TN (tied)
> Median days on market: 14.5
> Change in median days on market, June 2020 – June 2021: +10.2%
> Median listing price, June 2021: $429,900 (+10.2% from June 2020)
> 5-yr. population change +7.9%

DenisTangneyJr / Getty Images

12. Provo-Orem, UT (tied)
> Median days on market: 14.5
> Change in median days on market, June 2020 – June 2021: +25.7%
> Median listing price, June 2021: $550,000 (+25.7% from June 2020)
> 5-yr. population change +13.4%

[in-text-ad-2]

DenisTangneyJr / iStock via Getty Images

10. Lewiston-Auburn, ME (tied)
> Median days on market: 14.0
> Change in median days on market, June 2020 – June 2021: +7.0%
> Median listing price, June 2021: $262,000 (+7.0% from June 2020)
> 5-yr. population change +0.8%

Davel5957 / Getty Images

10. Fort Wayne, IN (tied)
> Median days on market: 14.0
> Change in median days on market, June 2020 – June 2021: +1.0%
> Median listing price, June 2021: $238,750 (+1.0% from June 2020)
> 5-yr. population change -3.3%

[in-text-ad]

f11photo / Getty Images

9. Denver-Aurora-Lakewood, CO
> Median days on market: 12.0
> Change in median days on market, June 2020 – June 2021: +9.8%
> Median listing price, June 2021: $599,516 (+9.8% from June 2020)
> 5-yr. population change +7.7%

SWKrullImaging / Getty Images

6. Colorado Springs, CO (tied)
> Median days on market: 11.5
> Change in median days on market, June 2020 – June 2021: +4.2%
> Median listing price, June 2021: $494,940 (+4.2% from June 2020)
> 5-yr. population change +8.6%

Davel5957 / Getty Images

6. Rochester, NY (tied)
> Median days on market: 11.5
> Change in median days on market, June 2020 – June 2021: -1.9%
> Median listing price, June 2021: $242,839 (-1.9% from June 2020)
> 5-yr. population change -1.3%

[in-text-ad-2]

DenisTangneyJr / Getty Images

6. Clarksville, TN-KY (tied)
> Median days on market: 11.5
> Change in median days on market, June 2020 – June 2021: +8.5%
> Median listing price, June 2021: $287,450 (+8.5% from June 2020)
> 5-yr. population change +11.3%

4kodiak / Getty Images

4. Salt Lake City, UT (tied)
> Median days on market: 11.0
> Change in median days on market, June 2020 – June 2021: +15.7%
> Median listing price, June 2021: $569,950 (+15.7% from June 2020)
> 5-yr. population change +6.9%

[in-text-ad]

red7255 / Getty Images

4. Huntsville, AL (tied)
> Median days on market: 11.0
> Change in median days on market, June 2020 – June 2021: +6.9%
> Median listing price, June 2021: $317,450 (+6.9% from June 2020)
> 5-yr. population change +7.0%

DavidByronKeener / Getty Images

3. Idaho Falls, ID
> Median days on market: 10.5
> Change in median days on market, June 2020 – June 2021: +24.6%
> Median listing price, June 2021: $429,000 (+24.6% from June 2020)
> 5-yr. population change +9.5%

DenisTangneyJr / Getty Images

2. Manchester-Nashua, NH
> Median days on market: 10.0
> Change in median days on market, June 2020 – June 2021: +1.3%
> Median listing price, June 2021: $409,950 (+1.3% from June 2020)
> 5-yr. population change +2.9%

[in-text-ad-2]

johnnya123 / Getty Images

1. Ogden-Clearfield, UT
> Median days on market: 9.0
> Change in median days on market, June 2020 – June 2021: +10.6%
> Median listing price, June 2021: $497,775 (+10.6% from June 2020)
> 5-yr. population change +8.2%

The #1 Thing to Do Before You Claim Social Security (Sponsor)

Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.

A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.

Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.

 

Have questions about retirement or personal finance? Email us at [email protected]!

By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.

By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.