Home prices have jumped since the pandemic, and are still climbing higher in some metropolitan areas
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The median home price in the U.S is currently $441,738, according to Redfin. That’s up more than $140,000 from prices in May 2020. And some markets are particularly hot right now.
Redfin compiled a list of the 9 metro areas with the fastest-growing sale prices for homes right now.Â
Continue reading to see which areas made the list — and how much a home there costs.
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Prices are up 12.9% year-over-year in the Birmingham metro area. The median home in Birmingham is selling for $199,900, according to Redfin.
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Prices are up 13.2% year-over-year in the Philadelphia metro area. The median home in Philadelphia is selling for $297,500, according to Redfin.
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Prices are up 14.1% year-over-year in the Detroit metro area. The median home in Detroit is selling for $95,000, according to Redfin.
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Prices are up 16.7% year-over-year in the Montgomery metro area. The median home in Montgomery is selling for $224,000, according to Redfin.
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Prices are up 16.8% year-over-year in the Baltimore metro area. The median home in Baltimore is selling for $224,900, according to Redfin.
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Prices are up 17% year-over-year in the Pittsburgh metro area. The median home in Pittsburgh is selling for $272,500, according to Redfin.
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Prices are up 24.2% year-over-year in the Honolulu metro area. The median home in Honolulu is selling for $590,000, according to Redfin.
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Prices are up 28.1% year-over-year in the Rochester metro area. The median home in Rochester is selling for $180,000, according to Redfin.
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Prices are up 33.6% year-over-year in the Baton Rouge metro area. The median home in Baton Rogue is selling for $247,450, according to Redfin.
