The Fastest Rising U.S. Housing Markets in 2024

This post is by Dorothy Neufeld from Visual Capitalist

See this visualization first on the Voronoi app.

This bar chart shows the U.S. housing markets with the fastest rising home prices in 2024.

The Fastest Rising U.S. Housing Markets in 2024

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. The U.S. housing market has been on a tear, with median sales prices rising more than 40% since February 2020. While cities in southern states like Florida have witnessed some of the strongest price growth, more affordable cities across the Midwest are also seeing growing demand as buyers seek out cheaper options. This graphic shows the U.S. metros with the fastest price growth, based on data from Redfin.

Hottest Housing Markets in America

Below, we rank the metropolitan areas with the fastest annual median sales price growth as of February 2024:
RankMetroMedian Sales Price Growth
Feb 2024 YoY
1Pittsburgh, PA+22.0%
2Fort Lauderdale, FL+18.0%
3Greensboro, NC+17.8%
4Meridian, ID+17.3%
5Toledo, OH+17.0%
6Boca Raton, FL+16.4%
7West Palm Beach, FL+16.1%
8Orlando, FL+15.9%
9Milwaukee, WI+15.6%
10Alexandria, VA+15.4%
U.S. average+6.5%
Pittsburgh, PA soars to the top of the list, with median sale prices jumping 22% over the year. Once known as a center for steel and iron manufacturing, the city has emerged as a hub for high-tech industries including robotics, software engineering, and healthcare. At a time when housing affordability is near record lows, buyers have flocked (Read more…)