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Metros where homes are selling for the most over asking price


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.

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Rina Pitucci // Flickr

#50. Harrisburg, PA metro area

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



spablab // Flickr

#49. Providence, RI metro area

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



formulanone // Wikimedia Commons

#48. Albertville, AL metro area

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



Teemu008 /// Flickr

#47. Bloomington, IL metro area

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



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

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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



Bruce Emmerling // Wikicommons

#44. Baltimore, MD metro area

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



JonClee86 // Wikicommons

#43. Omaha, NE metro area

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



Joseph Sohm // Shutterstock

#42. Portland, ME metro area

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



Smallbones // Wikimedia Commons

#41. York, PA metro area

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

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Pixabay

#40. Lebanon, PA metro area

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



Sean Pavone // Shutterstock

#39. Boston, MA metro area

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



Wangkun Jia // Shutterstock

#38. Albany, NY metro area

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



Artazum // Shutterstock

#37. Shelton, WA metro area

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



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

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AbeEzekowitz // Wikimedia Commons

#35. Joplin, MO metro area

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



Max Pixel

#34. Milwaukee, WI metro area

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



Jon Bilous // Shutterstock

#33. Frederick, MD metro area

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



Creative Commons

#32. Oshkosh, WI metro area

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



Roberto Galan // Shutterstock

#31. Hillsdale, MI metro area

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

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Jmabel // Wikimedia Commons

#30. Albany, OR metro area

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



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



James Kirkikis // Shutterstock

#28. Keene, NH metro area

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



Wangkun Jia // Shutterstock

#27. Concord, NH metro area

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



Nicholas // Wikimedia Commons

#26. Reading, PA metro area

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

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FotosForTheFuture // Shutterstock

#25. Camden, NJ metro area

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



John Phelan // Wikimedia

#24. Worcester, MA metro area

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



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



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



E Pasqualli // Shutterstock

#21. Bennington, VT metro area

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

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Ryan Stavely // Flickr

#20. Staunton, VA metro area

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



Matt314 // Wikicommons

#19. Santa Rosa, CA metro area

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



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



Sean Pavone // Shutterstock

#17. Manchester, NH metro area

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



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

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Christopher Boswell // Shutterstock

#15. Trenton, NJ metro area

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



Sundry Photography // Shutterstock

#14. Oakland, CA metro area

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



Mihai_Andritoiu // Shutterstock

#13. Newark, NJ metro area

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



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



Sean Pavone // Shutterstock

#11. Augusta, ME metro area

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

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Alycat // Wikimedia Commons

#10. Canton, OH metro area

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



Smallbones // Wikimedia Commons

#9. Lancaster, PA metro area

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



John Phelan // Wikimedia

#8. Hartford, CT metro area

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



Royalbroil // Wikimedia Commons

#7. Appleton, WI metro area

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



Canva

#6. Ruidoso, NM metro area

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

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Albert Pego // Shutterstock

#5. Burlington, VT metro area

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



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



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



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



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

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