Home Prices Up 8% as Supply Fell 22% to a New All-Time Low in July

New listings surpassed 2019 levels for the first time since the pandemic began, up 3%, but failed to keep up with the rate of sales, up 5% year over year.

The national median home price rose 8.2% year over year to $323,800 in July. This is the third time in four months that prices have hit a new all-time high, as low mortgage rates continued to drive a spike in early homebuyer demand that has not been met with a matching surge in homes for sale.

“The housing market is intense right now,” said Albuquerque Redfin agent Jimmy Martinez. “We’ve got about half as many homes for sale as there were at this time last year, met by a big surge in people moving here from across the country in addition to lots of local homebuyers, all of which has pushed prices up dramatically from last year.”

The current rate of home price growth is the highest in over two years, and roughly on par with levels that were last seen between late 2016 and early 2018.

Median prices increased in all but one of the 85 largest metro areas Redfin tracks. The only area where prices fell was Honolulu (-4%). Meanwhile, Birmingham, AL (+16.8%), Bridgeport, CT (+16.5%) and Fort Lauderdale (+14.3%), saw the largest year-over-year increases.

“Home sales made a whopping recovery in July,” said Redfin chief economist Daryl Fairweather. “It may seem like the Twilight Zone for the housing market to be performing better than ever while the economy is in the tank, but it goes to show that we are in truly unprecedented times. The housing market was incredibly robust going into the pandemic with household debt at its lowest level in 40 years. The less debt someone has, the less likely they are to be worried about affording a mortgage, which is as inexpensive as it’s ever been due to record-low interest rates, making a home purchase very appealing to people who are lucky enough to be securely employed.”

Market Summary July 2020 Month-Over-Month Year-Over-Year
Median sale price $323,800 4.3% 8.2%
Homes sold, seasonally-adjusted 565,100 21.7% 4.9%
Pending sales, seasonally-adjusted 526,500 13.1% 16.5%
New listings, seasonally-adjusted 618,300 9.2% 2.7%
All Homes for sale, seasonally-adjusted 1,700,600 -2.2% -21.8%
Median days on market 35 -4 -2
Months of supply 1.6 -0.4 -1
Sold above list 29.6% 3.0 pts 4.3 pts
Median Off-Market Redfin Estimate $312,800 2.2% 4.0%
Average Sale-to-list 99.1% 0.4 pts 0.5 pts

† – “pts” = percentage point change

Home sales were up 4.9% in July from a year earlier on a seasonally-adjusted basis, a sharp improvement from the 13% drop in June, and the first year-over-year increase since the pandemic began in March.

Home sales increased in July from a year earlier in 67 of the 85 largest metro areas—nearly three times as many as in June. The largest gains in sales were in Bridgeport, CT (+34.9%), Baton Rouge, LA (+33.8%) and Lake County, IL (+26.4%). There are still a handful of markets where sales are falling though, with New York dominating the list of the biggest declines, led by Nassau County, NY (-38.9%), Buffalo, NY (-37.7%) and New York City (-35.2%).

Home Sales Back in the Black for July

Active listings—the count of all homes that were for sale at any time during the month—fell 21.8% year over year to their lowest level on record in July, the 11th-straight month of declines. The supply shortage is worsening because home sales are increasing at a faster rate than the number of homes being listed. At the same time, a growing share of homes is selling quickly, leaving few for sale from one month to the next.

Decline in Homes for Sale Matches Record Low in July

For the second month in a row, San Francisco was the only one of the 85 largest metros tracked by Redfin that posted a year-over-year increase in the count of seasonally-adjusted active listings of homes for sale. Active listings were up 50.9% there as expanding work-from-home policies continue to drive increased migration away from the city.

“A lot of people have been leaving the city of San Francisco since shelter-in-place began,” said Redfin San Francisco listing agent Joanna Rose. “Sellers want to leave the city and move into more suburban areas. They are fleeing city life for larger homes, bigger yards, home office setups, and so forth. A lot of San Francisco‘s highly tech-based workforce will be working from home for at least another year and they want out of their small city condos.”

Compared to a year ago, the biggest declines in active housing supply in July were in Tulsa (-57.7%), Allentown, PA (-54.5%) and Kansas City, MO (-52.2%).

The number of new listings of homes for sale increased 2.7% in July from a year earlier, the first such increase since February and only the second in the past 14 months. However, homes are still being purchased at a much faster rate than new homes are being listed for sale. Pending sales were up 16.5% from July 2019.

More New Listings in July Than a Year Earlier

As a result of the imbalance between the number of homebuyers and sellers in the market, measures of competition such as time on market and the share of homes sold above list price trended toward an increasingly competitive market in July.

The typical home that sold in July went under contract in 35 days—one day less than a year earlier. The share of homes that found a buyer within two weeks of listing hit a record in July at 48.5%—up from just 35.7% in July 2019 and the highest level since we began measuring it in 2012.

Time on Market Fell in July

In July 29.6% of homes sold above list price up from 25.3% a year earlier.

Share of Homes Sold Above List Price Shot up in July

Other July Highlights

Competition

Prices

Sales

Inventory

  • San Francisco was the only metro with a year-over-year increase in the number of homes for sale, up 51% from 2019 in July.
  • Tulsa, OK had the largest decrease in overall active listings, falling 57.7% since last July. Allentown, PA (-54%), Kansas City, MO (-52%), and Salt Lake City (-52%) also saw far fewer homes available on the market than a year ago.

Redfin Estimate

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.

Median Sale Price

Redfin Metro Median Sale Price Month-Over-Month Year-Over-Year
Albany, NY $241,000 8.0% 7.1%
Allentown, PA $239,900 4.3% 9.0%
Anaheim, CA $763,000 0.4% 5.2%
Atlanta, GA $278,000 3.0% 9.0%
Austin, TX $355,000 4.4% 10.9%
Bakersfield, CA $270,000 1.9% 8.4%
Baltimore, MD $320,000 3.2% 6.8%
Baton Rouge, LA $222,000 3.3% 6.2%
Birmingham, AL $246,500 2.9% 16.8%
Boston, MA $555,000 2.8% 4.7%
Bridgeport, CT $492,800 1.6% 16.5%
Buffalo, NY $180,000 9.1% 6.5%
Camden, NJ $230,000 5.1% 9.5%
Charlotte, NC $293,000 1.1% 8.6%
Chicago, IL $282,500 4.6% 7.4%
Cincinnati, OH $222,500 3.5% 13.3%
Cleveland, OH $175,000 1.2% 2.9%
Columbus, OH $254,900 2.0% 10.9%
Dallas, TX $324,000 2.9% 8.0%
Dayton, OH $170,000 0.6% 9.7%
Denver, CO $455,000 3.4% 7.0%
Detroit, MI $165,000 4.4% 13.8%
El Paso, TX $179,900 2.8% 9.0%
Elgin, IL $254,700 2.1% 10.9%
Fort Lauderdale, FL $320,000 3.2% 14.3%
Fort Worth, TX $265,000 1.9% 6.0%
Frederick, MD $448,400 3.1% 6.8%
Fresno, CA $318,500 2.7% 13.7%
Grand Rapids, MI $237,800 2.5% 10.3%
Greensboro, NC $205,000 2.5% 12.0%
Greenville, SC $237,000 0.9% 5.3%
Hartford, CT $257,200 5.0% 9.2%
Houston, TX $270,500 2.9% 8.2%
Indianapolis, IN $225,000 2.3% 12.5%
Jacksonville, FL $265,000 3.9% 8.2%
Kansas City, MO $255,500 2.2% 10.1%
Knoxville, TN $249,000 5.1% 12.7%
Lake County, IL $268,000 8.5% 6.1%
Las Vegas, NV $310,000 0.6% 8.8%
Los Angeles, CA $700,000 6.9% 7.7%
Louisville, KY $235,000 9.3% 9.3%
McAllen, TX $175,500 5.1% 6.4%
Memphis, TN $220,000 2.3% 5.3%
Miami, FL $340,000 0.0% 7.9%
Milwaukee, WI $260,000 3.8% 14.0%
Minneapolis, MN $313,000 2.5% 9.8%
Montgomery County, PA $360,000 3.6% 7.9%
Nashville, TN $328,800 2.8% 9.1%
Nassau County, NY $482,500 2.2% 1.6%
New Brunswick, NJ $365,000 2.8% 9.0%
New Haven, CT $255,000 6.2% 10.9%
New Orleans, LA $260,000 7.0% 11.3%
New York, NY $530,000 1.9% 1.0%
Newark, NJ $415,000 3.8% 8.9%
North Port, FL $312,000 7.8% 13.5%
Oakland, CA $819,000 2.5% 9.9%
Oklahoma City, OK $207,000 1.0% 11.3%
Omaha, NE $240,000 4.3% 9.1%
Orlando, FL $280,000 0.4% 8.5%
Oxnard, CA $659,000 2.3% 7.2%
Philadelphia, PA $249,900 0.0% 10.6%
Phoenix, AZ $320,000 3.2% 13.5%
Pittsburgh, PA $200,800 0.9% 9.4%
Portland, OR $439,900 2.3% 8.6%
Providence, RI $325,000 3.7% 10.2%
Raleigh, NC $313,000 3.3% 6.8%
Richmond, VA $289,000 5.1% 9.1%
Riverside, CA $420,000 2.9% 10.5%
Rochester, NY $175,000 8.7% 6.4%
Sacramento, CA $465,000 4.5% 10.7%
Salt Lake City, UT $380,000 2.4% 9.2%
San Antonio, TX $260,000 4.0% 8.8%
San Diego, CA $645,000 5.9% 10.3%
San Francisco, CA $1,475,000 -4.8% 3.5%
San Jose, CA $1,200,000 2.1% 6.7%
Seattle, WA $625,000 1.6% 11.2%
St. Louis, MO $215,000 2.4% 13.2%
Tacoma, WA $426,500 4.0% 13.5%
Tampa, FL $265,000 2.7% 10.7%
Tucson, AZ $252,000 2.9% 8.2%
Tulsa, OK $201,200 3.2% 10.2%
Honolulu, HI $600,000 1.1% -4.0%
Virginia Beach, VA $274,900 7.8% 10.0%
Warren, MI $247,100 4.7% 9.8%
Washington, DC $470,000 6.8% 11.4%
West Palm Beach, FL $325,000 3.7% 14.0%
Worcester, MA $321,800 7.3% 12.9%
National $323,800 4.3% 8.2%

Homes Sold

Redfin Metro Homes Sold Month-Over-Month Year-Over-Year
Albany, NY 883 34.2% -18.4%
Allentown, PA 1,072 76.0% 2.2%
Anaheim, CA 3,021 39.1% 4.6%
Atlanta, GA 11,500 8.5% 6.7%
Austin, TX 4,169 6.1% 12.8%
Bakersfield, CA 908 15.4% 4.2%
Baltimore, MD 4,742 13.3% 9.9%
Baton Rouge, LA 1,353 12.1% 33.8%
Birmingham, AL 1,677 -2.6% 5.1%
Boston, MA 5,340 31.8% -5.8%
Bridgeport, CT 1,750 59.2% 34.9%
Buffalo, NY 774 15.5% -37.7%
Camden, NJ 2,103 20.2% 5.6%
Charlotte, NC 5,155 6.6% 11.9%
Chicago, IL 10,821 32.1% 7.3%
Cincinnati, OH 3,461 10.6% 8.6%
Cleveland, OH 3,286 20.0% 9.1%
Columbus, OH 3,259 9.0% 1.7%
Dallas, TX 8,171 12.3% 19.4%
Dayton, OH 1,253 7.3% -1.0%
Denver, CO 6,840 16.7% 22.3%
Detroit, MI 2,174 31.5% 2.5%
El Paso, TX 931 5.7% 18.0%
Elgin, IL 1,462 28.5% 16.8%
Fort Lauderdale, FL 3,002 20.3% -12.5%
Fort Worth, TX 3,970 10.7% 14.8%
Frederick, MD 1,979 20.7% 7.0%
Fresno, CA 843 1.7% -5.1%
Grand Rapids, MI 1,784 22.4% 5.0%
Greensboro, NC 1,043 9.3% 7.2%
Greenville, SC 1,387 -3.7% 16.1%
Hartford, CT 1,868 26.5% 15.2%
Houston, TX 10,876 14.3% 17.5%
Indianapolis, IN 3,863 10.3% 7.3%
Jacksonville, FL 3,208 10.1% 16.1%
Kansas City, MO 4,120 8.6% 9.5%
Knoxville, TN 1,580 9.0% 12.6%
Lake County, IL 1,672 32.8% 26.4%
Las Vegas, NV 3,922 36.6% -0.1%
Los Angeles, CA 6,275 35.6% -4.2%
Louisville, KY 1,717 6.0% 7.2%
McAllen, TX 343 -0.9% 17.1%
Memphis, TN 1,396 12.0% 3.6%
Miami, FL 2,429 20.5% -13.5%
Milwaukee, WI 2,302 17.1% 0.0%
Minneapolis, MN 6,992 11.2% 2.3%
Montgomery County, PA 2,980 69.2% 1.8%
Nashville, TN 4,491 9.0% 10.4%
Nassau County, NY 1,900 -0.5% -38.9%
New Brunswick, NJ 3,615 30.8% 1.2%
New Haven, CT 1,233 27.6% 9.5%
New Orleans, LA 1,565 6.1% 10.5%
New York, NY 3,775 13.9% -35.2%
Newark, NJ 2,544 32.0% -4.9%
North Port, FL 2,432 19.0% 22.0%
Oakland, CA 2,788 27.8% 6.0%
Oklahoma City, OK 2,571 3.0% 9.7%
Omaha, NE 1,602 2.4% 10.9%
Orlando, FL 4,520 15.6% -1.2%
Oxnard, CA 880 31.0% 1.4%
Philadelphia, PA 2,461 55.8% -2.5%
Phoenix, AZ 9,898 7.5% 9.1%
Pittsburgh, PA 3,204 77.2% 22.8%
Portland, OR 4,315 22.2% 10.8%
Providence, RI 2,206 27.0% -2.5%
Raleigh, NC 3,048 5.4% 10.6%
Richmond, VA 1,952 0.9% -1.9%
Riverside, CA 6,004 28.3% 10.5%
Rochester, NY 936 18.5% -28.4%
Sacramento, CA 3,522 19.9% 9.3%
Salt Lake City, UT 2,073 6.1% 7.8%
San Antonio, TX 3,773 7.0% 11.9%
San Diego, CA 3,771 20.1% 7.6%
San Francisco, CA 1,054 31.6% 1.0%
San Jose, CA 1,498 24.4% 11.1%
Seattle, WA 4,943 13.2% 4.9%
St. Louis, MO 4,546 8.4% 8.5%
Tacoma, WA 1,545 8.1% -4.7%
Tampa, FL 6,657 8.1% 8.4%
Tucson, AZ 1,821 7.1% 8.7%
Tulsa, OK 1,602 9.4% 16.7%
Honolulu, HI 779 30.5% -11.9%
Virginia Beach, VA 3,132 10.1% 16.5%
Warren, MI 4,746 39.8% 13.0%
Washington, DC 7,866 10.4% 5.4%
West Palm Beach, FL 3,273 28.5% 1.0%
Worcester, MA 1,248 21.4% 2.8%
National 565,100 21.7% 4.9%

New Listings

Redfin Metro New Listings Month-Over-Month Year-Over-Year
Albany, NY 1,358 -0.4% 4.4%
Allentown, PA 651 -24.9% -45.0%
Anaheim, CA 3,695 17.3% 10.6%
Atlanta, GA 11,318 1.4% -4.9%
Austin, TX 4,465 12.3% 13.3%
Bakersfield, CA 997 8.8% -6.6%
Baltimore, MD 4,864 5.2% 5.6%
Baton Rouge, LA 776 -22.5% -35.3%
Birmingham, AL 1,627 4.5% -6.0%
Boston, MA 6,319 -6.2% 28.1%
Bridgeport, CT 2,334 -0.3% 76.6%
Buffalo, NY 1,635 8.8% 5.4%
Camden, NJ 2,290 10.0% 7.1%
Charlotte, NC 3,763 -5.3% -22.6%
Chicago, IL 13,707 5.1% 14.6%
Cincinnati, OH 3,667 5.6% 4.5%
Cleveland, OH 3,501 3.5% -1.8%
Columbus, OH 3,482 7.0% -1.1%
Dallas, TX 8,056 0.2% 0.0%
Dayton, OH 1,384 4.1% -0.1%
Denver, CO 6,810 3.8% 18.0%
Detroit, MI 2,716 2.8% -8.1%
El Paso, TX 995 -5.1% -4.5%
Elgin, IL 1,491 2.9% 9.7%
Fort Lauderdale, FL 3,685 3.4% -2.3%
Fort Worth, TX 3,935 1.4% -3.0%
Frederick, MD 1,999 2.5% 12.5%
Fresno, CA 936 19.7% -3.3%
Grand Rapids, MI 1,856 1.9% -0.7%
Greensboro, NC 775 -0.1% -24.9%
Greenville, SC 1,494 12.4% -0.3%
Hartford, CT 2,129 -0.2% 17.6%
Houston, TX 11,658 7.6% 4.6%
Indianapolis, IN 3,486 6.1% -7.1%
Jacksonville, FL 2,925 -3.0% -6.1%
Kansas City, MO 1,915 -35.4% -51.2%
Knoxville, TN 1,280 -4.5% -10.6%
Lake County, IL 1,793 1.9% 8.2%
Las Vegas, NV 4,396 19.9% -0.8%
Los Angeles, CA 8,381 16.0% 5.1%
Louisville, KY 1,725 2.3% -7.1%
McAllen, TX 377 -3.3% -24.9%
Memphis, TN 1,352 -1.7% -13.7%
Miami, FL 3,782 -1.3% -1.0%
Milwaukee, WI 2,446 1.0% 5.6%
Minneapolis, MN 7,305 5.4% 5.1%
Montgomery County, PA 3,339 -3.5% 22.8%
Nashville, TN 4,666 -1.9% 3.6%
Nassau County, NY 4,521 1.3% 26.3%
New Brunswick, NJ 5,181 10.7% 29.8%
New Haven, CT 1,504 3.9% 20.4%
New Orleans, LA 1,666 4.7% 3.6%
New York, NY 12,172 17.9% 65.0%
Newark, NJ 3,500 1.5% 33.2%
North Port, FL 2,375 11.1% 20.9%
Oakland, CA 3,130 10.7% 7.3%
Oklahoma City, OK 2,596 -1.0% 1.4%
Omaha, NE 1,459 -2.9% -1.4%
Orlando, FL 4,977 5.0% 4.5%
Oxnard, CA 936 8.1% -5.6%
Philadelphia, PA 3,388 4.9% 20.5%
Phoenix, AZ 8,977 11.7% 13.0%
Pittsburgh, PA 3,385 1.0% 16.5%
Portland, OR 4,694 16.3% 11.5%
Providence, RI 2,517 7.4% 5.0%
Raleigh, NC 3,076 12.7% 14.6%
Richmond, VA 1,958 -0.6% -2.7%
Riverside, CA 5,971 11.8% -4.5%
Rochester, NY 1,475 -3.8% 0.4%
Sacramento, CA 3,576 7.3% -1.5%
Salt Lake City, UT 928 -41.1% -51.8%
San Antonio, TX 3,759 6.6% -4.9%
San Diego, CA 4,139 14.3% 8.2%
San Francisco, CA 1,708 12.7% 76.8%
San Jose, CA 1,683 11.5% 19.4%
Seattle, WA 5,978 14.5% 24.6%
St. Louis, MO 2,890 -21.3% -35.9%
Tacoma, WA 1,848 23.8% 11.8%
Tampa, FL 6,296 6.7% -0.2%
Tucson, AZ 1,636 10.4% 2.8%
Tulsa, OK 685 -36.6% -54.7%
Honolulu, HI 830 5.5% -29.8%
Virginia Beach, VA 3,143 12.0% 10.6%
Warren, MI 5,272 -1.2% -2.0%
Washington, DC 8,663 13.2% 20.3%
West Palm Beach, FL 3,751 1.6% 12.7%
Worcester, MA 1,286 -8.3% -3.5%
National 618,300 9.2% 2.7%

All Homes for Sale

Redfin Metro All Homes for Sale Month-Over-Month Year-Over-Year
Albany, NY 3,230 -3.1% -28.6%
Allentown, PA 1,697 -20.6% -54.5%
Anaheim, CA 10,236 5.7% -20.8%
Atlanta, GA 31,656 -6.7% -18.6%
Austin, TX 9,862 -3.5% -18.4%
Bakersfield, CA 2,340 -4.1% -24.8%
Baltimore, MD 12,027 -3.5% -26.0%
Baton Rouge, LA 3,156 -13.2% -38.4%
Birmingham, AL 5,172 -3.4% -24.0%
Boston, MA 14,710 -0.7% -11.9%
Bridgeport, CT 7,692 6.6% -5.2%
Buffalo, NY 2,939 2.0% -23.5%
Camden, NJ 5,760 -4.0% -33.7%
Charlotte, NC 12,594 -8.5% -28.1%
Chicago, IL 36,759 1.1% -17.6%
Cincinnati, OH 10,076 1.6% -15.7%
Cleveland, OH 8,573 -0.9% -30.2%
Columbus, OH 8,856 2.9% -14.8%
Dallas, TX 22,625 -6.2% -21.4%
Dayton, OH 3,236 1.3% -18.0%
Denver, CO 13,047 -4.3% -14.1%
Detroit, MI 6,915 -2.5% -18.1%
El Paso, TX 3,038 -8.4% -20.8%
Elgin, IL 3,545 -4.4% -23.4%
Fort Lauderdale, FL 15,973 -0.8% -9.5%
Fort Worth, TX 10,187 -5.4% -17.1%
Frederick, MD 4,765 -1.5% -18.4%
Fresno, CA 1,862 -3.0% -33.8%
Grand Rapids, MI 3,618 -3.5% -19.8%
Greensboro, NC 2,420 -9.9% -32.8%
Greenville, SC 5,019 -2.4% -15.6%
Hartford, CT 6,315 0.6% -20.5%
Houston, TX 33,703 -3.6% -17.3%
Indianapolis, IN 6,817 -3.7% -28.1%
Jacksonville, FL 9,433 -6.8% -16.8%
Kansas City, MO 5,361 -24.7% -52.2%
Knoxville, TN 4,617 -3.6% -17.2%
Lake County, IL 5,090 -0.9% -24.0%
Las Vegas, NV 13,361 1.4% -20.7%
Los Angeles, CA 23,327 6.2% -16.7%
Louisville, KY 4,002 -2.5% -22.6%
McAllen, TX 1,701 -10.1% -29.0%
Memphis, TN 3,555 -3.6% -25.2%
Miami, FL 19,676 -3.1% -8.3%
Milwaukee, WI 7,170 2.6% -7.8%
Minneapolis, MN 16,065 -1.0% -14.4%
Montgomery County, PA 8,279 -1.0% -17.3%
Nashville, TN 13,594 -9.9% -15.6%
Nassau County, NY 13,614 6.7% -15.4%
New Brunswick, NJ 13,754 2.2% -23.2%
New Haven, CT 4,474 2.9% -20.0%
New Orleans, LA 5,103 -5.4% -15.9%
New York, NY 43,291 16.3% -1.0%
Newark, NJ 10,389 2.4% -16.8%
North Port, FL 7,533 -6.6% -14.2%
Oakland, CA 6,135 2.6% -14.1%
Oklahoma City, OK 6,313 -2.4% -16.2%
Omaha, NE 2,768 -7.0% -18.3%
Orlando, FL 13,385 -3.3% -11.8%
Oxnard, CA 2,841 0.7% -20.4%
Philadelphia, PA 9,529 4.5% -6.9%
Phoenix, AZ 22,231 -7.4% -17.2%
Pittsburgh, PA 11,655 6.9% -4.1%
Portland, OR 9,487 1.4% -21.5%
Providence, RI 6,405 0.5% -24.8%
Raleigh, NC 8,489 -2.6% -13.4%
Richmond, VA 4,165 -4.3% -24.7%
Riverside, CA 16,557 -4.6% -29.9%
Rochester, NY 2,729 -4.8% -22.5%
Sacramento, CA 7,491 -4.9% -22.7%
Salt Lake City, UT 2,619 -30.2% -51.7%
San Antonio, TX 10,562 -7.8% -23.9%
San Diego, CA 8,895 0.1% -22.7%
San Francisco, CA 3,932 15.3% 50.9%
San Jose, CA 3,753 2.9% -12.9%
Seattle, WA 10,595 5.5% -16.9%
St. Louis, MO 8,983 -13.3% -37.0%
Tacoma, WA 3,087 7.7% -19.7%
Tampa, FL 15,367 -7.8% -23.4%
Tucson, AZ 4,846 -6.0% -16.5%
Tulsa, OK 2,123 -28.0% -57.7%
Honolulu, HI 3,874 0.1% -22.0%
Virginia Beach, VA 7,386 -3.1% -26.3%
Warren, MI 12,065 -0.7% -17.9%
Washington, DC 19,245 1.3% -13.6%
West Palm Beach, FL 16,004 -1.1% -6.0%
Worcester, MA 3,079 -7.1% -28.9%
National 1,700,600 -2.2% -21.8%

Median Off-Market Redfin Estimate

Redfin Metro Estimate Month-Over-Month Year-Over-Year
Albany, NY $200,200 0.6% -8.8%
Allentown, PA $215,000 0.9% -0.1%
Anaheim, CA $741,200 0.5% 1.8%
Atlanta, GA $236,400 0.9% 2.7%
Austin, TX $306,200 1.1% -3.2%
Bakersfield, CA $199,600 1.0% -11.6%
Baltimore, MD $274,500 0.7% 3.7%
Baton Rouge, LA $130,700 0.5% -23.6%
Birmingham, AL $137,300 0.6% -10.3%
Boston, MA $533,000 0.8% 7.3%
Bridgeport, CT $394,800 0.5% -30.7%
Buffalo, NY $153,900 0.8% -5.5%
Camden, NJ $209,600 1.1% 4.2%
Charlotte, NC $215,000 1.1% 3.9%
Chicago, IL $264,100 0.6% 6.4%
Cincinnati, OH $168,700 0.9% -3.1%
Cleveland, OH $144,100 1.1% 1.9%
Columbus, OH $203,000 0.9% 3.4%
Dallas, TX $261,100 0.8% -0.9%
Dayton, OH $128,400 0.8% 5.7%
Denver, CO $425,800 0.7% 2.7%
Detroit, MI $108,500 2.0% 3.7%
Elgin, IL $232,900 0.6% 1.7%
Fort Lauderdale, FL $277,300 0.5% 2.9%
Fort Worth, TX $223,900 0.8% 1.1%
Frederick, MD $419,300 0.6% 3.2%
Fresno, CA $264,800 0.8% 1.3%
Grand Rapids, MI $176,200 1.3% 4.9%
Greensboro, NC $139,500 1.7% -4.5%
Greenville, SC $163,800 0.9% -13.7%
Hartford, CT $226,600 0.6% -28.7%
Houston, TX $201,300 0.8% -5.5%
Indianapolis, IN $168,600 0.9% 1.0%
Jacksonville, FL $215,900 0.7% -3.9%
Kansas City, MO $186,600 0.6% -2.0%
Knoxville, TN $181,900 1.1% 2.7%
Lake County, IL $220,200 1.4% -2.9%
Las Vegas, NV $288,400 0.4% 2.8%
Los Angeles, CA $654,200 0.5% 3.1%
Louisville, KY $180,000 0.8% 2.7%
Memphis, TN $151,600 1.5% 3.9%
Miami, FL $318,400 0.4% 5.4%
Milwaukee, WI $210,800 1.3% 7.7%
Minneapolis, MN $277,900 0.8% 3.3%
Montgomery County, PA $328,400 0.5% 2.1%
Nashville, TN $282,900 0.8% 6.1%
Nassau County, NY $486,000 0.6% 6.8%
New Brunswick, NJ $349,600 0.8% 5.0%
New Orleans, LA $173,300 1.1% -6.7%
Newark, NJ $371,700 0.4% 0.5%
North Port, FL $239,800 0.6% -9.5%
Oakland, CA $786,100 0.4% 1.3%
Oklahoma City, OK $148,900 0.7% -2.6%
Omaha, NE $193,000 1.1% 7.2%
Orlando, FL $239,200 0.7% 0.3%
Oxnard, CA $606,500 0.6% 0.0%
Philadelphia, PA $195,500 0.8% 4.7%
Phoenix, AZ $279,200 0.9% 0.7%
Pittsburgh, PA $133,800 0.9% -10.7%
Portland, OR $406,200 0.8% 0.6%
Providence, RI $300,200 0.9% 0.4%
Raleigh, NC $262,700 0.7% -3.9%
Richmond, VA $241,500 1.0% 5.0%
Riverside, CA $336,100 0.8% -9.6%
Rochester, NY $147,500 0.6% -2.7%
Sacramento, CA $419,100 0.7% 0.3%
Salt Lake City, UT $362,800 0.8% 7.7%
San Antonio, TX $186,600 0.7% -6.6%
San Diego, CA $615,500 0.8% 2.3%
San Francisco, CA $1,373,300 0.0% 2.6%
San Jose, CA $1,163,600 0.1% -1.5%
Seattle, WA $576,100 0.7% 0.7%
St. Louis, MO $161,500 0.9% -2.0%
Tacoma, WA $376,900 1.1% 2.6%
Tampa, FL $224,900 0.8% 0.6%
Tucson, AZ $208,500 0.8% -5.2%
Tulsa, OK $134,700 0.9% -7.4%
Honolulu, HI $702,500 0.1% 1.4%
Virginia Beach, VA $236,700 0.8% 3.7%
Warren, MI $214,100 1.2% 2.2%
Washington, DC $406,800 0.8% 2.7%
West Palm Beach, FL $280,500 0.6% 3.1%
Worcester, MA $287,400 1.1% -1.5%
National $312,800 2.2% 4.0%

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