If you live in one of these 5 markets, your house gained the most value in the last year

  • The national median listing price of a home increased 11.1% year-over-year in September, and was $350,000 at the end of the month, according to a report by Realtor.com.
  • Per the report, which analyzed the 50 largest US metro areas, home prices are continuing to shoot up, even as we enter the fall.
  • Of the 5 housing markets that saw the largest year-over-year home price increases, all by double-digit percentages, 3 are located in the Northeastern part of the country. 
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As a result of the coronavirus pandemic, the single-family housing sector has been booming. 

Prospective homebuyers are on the hunt for larger spaces, affordable prices, and areas where social distancing is made easier. These desires have put a spotlight on suburban and suburban-like markets outside of major cities, and have driven up home prices. 

According to a report by Realtor.com, the national median listing price in September was $350,000, an 11.1% increase compared to September 2019. 

Some regional housing markets have seen double-digit price growth, too.

Per the report, which looked at the 50 largest metro areas in the US, five housing markets saw the largest year-over-year price increases in September, and three are located in the Northeast. Northeastern markets saw home prices grow an average of 12.8% compared to 10.9% in Midwestern metros, 8.7% in Western metros, and 7.2% in Southern metros.

Keep reading for a list of the five metros that saw the highest year-over-year price growth in September, and how much a typical home is there. 

5. The Buffalo-Cheektowaga-Niagara Falls metro area

Median listing price, year-over-year change: 15%

Median listing price: $230,000

Median days on the market, year-over-year change: N/A

4. The Indianapolis-Carmel-Anderson metro area

Median listing price, year-over-year change: 15.2%

Median listing price: $286,000

Median days on the market, year-over-year change: -10

3. The Philadelphia-Camden-Wilmington metro area

Median listing price, year-over-year change: 15.6%

Median listing price: $344,000

Median days on the market, year-over-year change: -20

2. The Boston-Cambridge-Newton metro area

Median listing price, year-over-year change: 16.4%

Median listing price: $677,000

Median days on the market, year-over-year change: -18

1. The Cincinnati metro area

Median listing price, year-over-year change: 16.9%

Median listing price: $318,000

Median days on the market, year-over-year change: -11

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