The 20 Hottest Real Estate Markets in the U.S. in 2017

The housing market is on fire for 2017. Real estate agents have been busier than ever in brokering buying and selling, according to the most recent data released in June of this year. Inventory for professionals has been on a steady decline, indicating that there is a serious shortage of houses and other type dwellings. The nationwide median home price is over $275,000 which reflects a 9% increase in value over the past year. Although this is not the case in every market, it is a trend that is spreading further throughout the United States. There are simply fewer homes up for sale when compared with the data from the previous year.

The majority of homes that are placed on the market are selling in record time. In 2016, the average time that a property sat on the market was 60 days and a year later it is 55. New homes are being listed with over 530,000 added in the past year, however, there are fewer on the market in comparison because they are selling so fast. It appears that there is a market for new construction to ramp up its efforts.

Here are the top 20 hottest real estate markets in the United States as set by the shortest average length of time that houses sit on the market:

1. Grand Rapids, MI

Grand Rapids Michigan homes remain on the market for an average of 13 days before they are purchased. This is the fastest moving market on our list of the top 20. As of the latest figures the median listing price is $188,000 with a $105 per square foot price. There are approximately 800 active home listings for sale in the various neighborhoods listed below with their median home price breakdown.

  • Creston – $134,000
  • West Grand – $128,000
  • South East End – $128,000
  • Westside Connection -N/A

2. San Jose, CA

San Jose homes are only on the market for an average of 17 days upon listing. The median price is $876,000 with an average cost per square foot of $540. There are about 1,606 homes currently listed among the most popular neighborhoods listed with their median price per neighborhood below.

  • Blossom Valley Homes – $848,000
  • Downtown San Jose Homes for – $796,000
  • Willow Glen Homes – $1,502,000
  • Silver Creek Homes – $1,798,000

3. Columbus, OH

Columbus, Ohio homes listed on the market spend an average time of 19 days before they are sold. There are currently 3,031 active home listings with a median listing price of $174,000. The average price per square foot is $110. These listings are referred to below according to each respective neighborhood of the area and their median home listing prices.

  • Grandview Heights Homes – $348,000
  • German Village Homes – $608,000
  • Downtown Columbus Homes – $424,000
  • Sharon Heights Homes – $194,000

4. Kennewick, WA

Kennewick, Washington is one of the three cities in the area that make up what is known as the Tri-Cities. Residential properties in this city are only on the market for an average of 20 days after listing. The median cost of homes in Kennewick is $278,000, with a price per square foot of $135. The adjacent cities that make up the trio are Richland and Pasco. Popular neighborhoods in Kennewick are listed below. The figures for the median home prices were not available.

  • Columbia View
  • Ivy Glades
  • River Homes
  • Kellys River Park Estates

5. Vallejo, CA

Residential properties listed in Vallejo, California are only on the market for an average of 22 days. Homes are scooped up so quickly that it is difficult for realtors to keep their inventory of homes to show up. The median home price is $374,000. There are currently only 230 homes for sale throughout the various neighborhoods of the city. The cost per square foot is $245. Here are the associated neighborhoods along with a breakdown of the median home listing price for each.

  • North Vallejo – $348,000
  • Vallejo Heights – $254,000
  • Glen Cove – $444,000
  • Westwood – $558,000

6. San Diego, CA

Home listings in San Diego, California spend an average time on the market of 27 days before they are purchased. Th median residential listing price is $638,000 with a square foot cost of $420. The hottest real estate market neighborhoods in San Diego are listed below with their respective median home listing prices.

  • Rancho Bernardo Homes – $598,000
  • Carmel Valley Homes – $1,074,000
  • City Heights Homes – $346,000
  • Pacific Beach Homes – $838,000

7. Yuba City, CA

Homes that are listed in Yuba City, California spend an average of just 27 days on the market prior to purchase. Homes go very quickly and it is difficult for realtors to maintain their stock of homes to sell. The median home listing price is $302,000 with a cost of $160 per square foot. There are only 329 active home listings in the Yuba City area neighborhoods. Below is a listing of each neighborhood and their respective median home listing prices.

  • Blue Oaks Homes – $508,000
  • Natomas Park Homes – $422,000
  • Sundance Lake Homes – $368,000
  • Westlake Homes – $562,000

8. Sacramento, CA

Home listing in the Sacramento, California area are only on the market for an average of 29 days before they are purchased. The median listing price is $328,000 with price per square foot of $215. There are currently 3,154 active home listings on the market in the hottest neighborhoods which are listed below with the median home listing price for each.

  • Florin Homes-N/A
  • East Sacramento Homes – $576,000
  • Parkway Homes – $258,000
  • South Natomas Homes – $278,000

9. Denver, CO

Denver, Colorado, also known as the mile high city is number nine on the list of the fastest selling residential properties in the United States. Residences which are listed only spend an average of 28 days on the market before they are purchased. The median home listing price is $508,000 for the city with a cost per square foot of $265. There are currently around 3,483 active home listings in Denver. Here is a listing of the most popular neighborhoods with the best real estate markets in the city, and their median home listing prices.

  • Downtown Denver Homes for Sale – $596,000
  • Park Hill Homes for Sale – $498,000
  • Stapleton Homes for Sale – $568,000
  • Green Valley Ranch Homes –  for Sale

10. Midland, TX

Midland, Texas homes which are listed on the market only spend an average of 34 days before they are purchased. The median home listing price is $278,000 with a cost per square foot of $130. There are currently 1,048 active home listings in the various neighborhoods of Midland, with the hottest real estate markets. Below is a list of each neighborhood and their respective median home listing prices.

  • Wilshire Park Homes – $162,000
  • Wedgewood Park Homes – $256,000
  • Fannin Terrace Homes – $308,000
  • Crestgate Homes – $288,000

11. San Francisco, CA

Homes which are listed for sale in San Francisco, California spend an average of 35 days on the market before they are sold. The median home listing price is $1,198,000, with a price per square foot of $980. There are currently just 1,126 active home listings available in this large city. They are found throughout the various neighborhoods throughout the city. Below you will find a listing of the neighborhoods and the median price for homes in each respective area.

  • Lower Pacific Heights Homes – $998,000
  • Pacific Heights Homes – $2,674,000
  • South Beach Homes – $1,596,000
  • Outer Sunset Homes – $994,000

12. Modesto, CA

Homes that are listed for sale in Modesto, California are only on the market for an average of 35 days before they are purchased. The median price of a home in this city is $320,000 with a price per square foot of $180.There are 1,003 active residential listings which are scattered throughout the various neighborhoods of the city. Below is a list of each neighborhood and their respective median home prices, where available.

  • Modesto Homes – $238,000
  • Sierra Homes – N/A
  • Wittfield Park Homes – $296,000
  • Brystrom Homes – $218,000

13. Santa Rosa, CA

Homes which are place on the real estate market for sale in Santa Rosa, California only remain on the market for an average of 36 days. The median listing price for residential properties which include homes is $628,000 with a cost per square foot of $370. There are currently 432 active listings for home in Santa Rosa and they are distributed among the various neighborhoods in the city. Below is a listing of each neighborhood and their respective median home prices.

  • Oakmont Village Homes – $768,000
  • Wright Area Action Group Homes – $534,000
  • Northwest Santa Rosa Homes – $508,000
  • Junior College Homes – $824,000

14. Stockton, CA

Stockton California homes which are listed on the real estate market sell within 36 of the listing on average. The median cost of homes in this city is $294,000 with a cost per foot of $170. There are currently 1,339 active home listings distributed throughout the various neighborhoods in the city. Below is a list of each neighborhood and their respective median home prices. We’ve provided this breakdown so you can see which neighborhoods on average are the most affordable.

  • Pacific Homes – $258,000
  • Lakeview Homes – $298,000
  • Valley Oak Homes – $294,000
  • Seaport Homes – $212,000

15. Boston, MA

Homes which are listed for sale in the real estate market in Boston, Massachusetts spend an average of 35 days on the market before they are purchased. The median listing price of a home in this city is $1,356,000 with a cost per square foot of $1,110. There are currently 1,102 active listings for sale in Boston. Below is a listing of the various neighborhoods that exist within the city and a breakdown of their respective median listing prices.

  • Back Bay Homes – $1,748,000
  • Beacon Hill Homes – $2,274,000
  • South End Homes – $1,224,000
  • Back Bay East Homes – $2,248,000

16. Colorado Springs, CO

Home listings in Colorado Springs, Colorado spend an average of 36 days on the market before they are purchased. This is a relatively short period of time. The median home listing price in the ity is $318,000 with a price per square foot of $125. There are currently just 3,305 active home listings for sale in Colorado Springs, Colorado. Below is a list of the neighborhoods that exist within the city. We’ve also included the median home price listing for each area.

  • Stetson Hills Homes – $264,000
  • Village Seven Homes – $248,000
  • Briargate Homes – $328,000
  • Ridgeview Homes – $312,000

17. Waco, TX

Homes which are listed for sale in the city off Waco, Texas are only present as listings for an average of 37 days before they are purchased. Homes go quickly in this largely populated area and there is consistently a housing shortage in the area. The median price of a home listing in Waco is $164,000, with a cost per foot of $90. This is one of the more affordable places to purchase residential property in the United States. There are currently only 794 active home listings on the market for the city. They are dispersed throughout the various neighborhoods in the city. Below is a list of each neighborhood and the median price of home listings in the area.

  • North Lake Waco Homes – $210,000
  • Mountainview Homes -$198,000
  • Landon Branch Homes – $250,000
  • Austin Avenue Homes – $338,000

18. Dallas, TX

Homes that are listed for sale in the real estate market in Dallas, Texas are on the market for an average of 47 days before they are purchased. the median residential listign price is 4498,000, with a cost of $220 per square foot. There are currently just 5,120 active home listings in the city. They are divided up among the various neighborhoods that exist within the city. Below is a breakdown of each neighborhood along with their respective median home listing prices.

  • Lake Highlands Homes – $398,000
  • Oak Lawn Homes – $532,000
  • Mountain Creek Homes – $218,000
  • Cedar Crest Homes – $104,000

19. Detroit, MI

Home listings which are place in the Detroit, Michigan real estate market are there for an average of 65 days before they are sold. The median listing price of a home in Detroit is $30,000, with a cost per square foot of $30. This is one of the most affordable markets in the United States because of the decline of the city. If affordable home ownership is what you’re looking for, then you can pick up a home for a fraction of its selling price during the boom. Even though the town is in decline, there are currently only 1,759 active home listings for sale. Below is a list of the neighborhoods within the city and their median home listing price.

  • Palmer Park Homes – $338,000
  • Ferndale Homes – $158,000
  • Durfee Homes – $28,000
  • Finney Homes – $38,000

20. Fort Wayne, IN

Fort Wayne, Indiana is number 20 on our top twenty listings of hottest real estate markets in the U.S. Homes for sale in Fort Wayne spend 276 days on the market on average. The median listing price for a home is jut $138,000, with a price per square foot of $70. There are currently only 1,200 active home listings available. They are found within the neighborhoods that make up the city. Below is a listing of each neighborhood found in Fort Wayne, along with their median home listing prices.

  • Northside Homes – $74,000
  • Arlington Park Homes – $154,000
  • Pine Valley Homes – $168,000
  • Southwood Park Homes – $98,000

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