15 Cities Where Homes Are Selling Fastest

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Editor’s Note: This story originally appeared on Porch.

Whether they are millennials pursuing their dream of homeownership or work-at-home professionals seeking to relocate to more desirable locales, homebuyers across the nation are facing higher prices and reduced inventory.

As they say in the real estate business, the price of a home depends on “location, location, location,” which means the severity of this home shortage varies greatly across American cities, and across the 50 states.

After the coronavirus pandemic lockdowns of spring 2020 were gradually lifted, private home sales across the nation increased sharply. Yet, new housing starts fell by 40% that same spring and have only recently recovered to pre-pandemic levels. This has contributed to today’s hyper-competitive homebuying market.

To determine the cities where homes are selling fastest, researchers at Porch calculated the median days on the market in each location using sales data from 2021. The data used in the analysis is from Redfin. You can read more about our methodology at the end.

Following are the U.S. cities where homes sold fastest in 2021.

15. Oakland, CA

Oakland, California
yhelfman / Shutterstock.com
  • Median days on the market: 15
  • Share of listings off the market in less than 2 weeks: 58.8%
  • Median sale price: $894,359
  • Average sale-to-list price ratio: 114.9%

14. Bakersfield, CA

Bakersfield, California
Richard Thornton / Shutterstock.com
  • Median days on the market: 13
  • Share of listings off the market in less than 2 weeks: 60.1%
  • Median sale price: $325,561
  • Average sale-to-list price ratio: 100.8%

13. San Jose, CA

The skyline of San Jose, which has a lower median rent than median mortgage payment
stellamc / Shutterstock.com
  • Median days on the market: 12
  • Share of listings off the market in less than 2 weeks: 64.0%
  • Median sale price: $1,225,662
  • Average sale-to-list price ratio: 107.2%

12. Tulsa, OK

Tulsa Oklahoma
Sean Pavone / Shutterstock.com
  • Median days on the market: 12
  • Share of listings off the market in less than 2 weeks: 67.6%
  • Median sale price: $201,508
  • Average sale-to-list price ratio: 99.0%

11. San Diego, CA

Dancestrokes / Shutterstock.com
  • Median days on the market: 11
  • Share of listings off the market in less than 2 weeks: 63.8%
  • Median sale price: $754,396
  • Average sale-to-list price ratio: 102.1%

10. Tampa, FL

Tampa, Florida
Ilya Images / Shutterstock.com
  • Median days on the market: 11
  • Share of listings off the market in less than 2 weeks: 67.0%
  • Median sale price: $318,849
  • Average sale-to-list price ratio: 99.6%

9. Portland, OR

Portland skyline
Jon Bilous / Shutterstock.com
  • Median days on the market: 9
  • Share of listings off the market in less than 2 weeks: 67.8%
  • Median sale price: $531,007
  • Average sale-to-list price ratio: 103.3%

8. Fresno, CA

Fresno California
stellamc / Shutterstock.com
  • Median days on the market: 9
  • Share of listings off the market in less than 2 weeks: 68.5%
  • Median sale price: $335,523
  • Average sale-to-list price ratio: 99.9%

7. Sacramento, CA

Sacramento, California
Andrew Zarivny / Shutterstock.com
  • Median days on the market: 9
  • Share of listings off the market in less than 2 weeks: 69.7%
  • Median sale price: $448,584
  • Average sale-to-list price ratio: 103.5%

6. Seattle, WA

Seattle skyline
Checubus / Shutterstock.com
  • Median days on the market: 9
  • Share of listings off the market in less than 2 weeks: 72.7%
  • Median sale price: $782,236
  • Average sale-to-list price ratio: 103.7%

5. Oklahoma City, OK

Oklahoma City, Oklahoma
Austin Urton / Shutterstock.com
  • Median days on the market: 8
  • Share of listings off the market in less than 2 weeks: 71.1%
  • Median sale price: $226,298
  • Average sale-to-list price ratio: 100.2%

4. Denver, CO

Denver Colorado
Kevin Ruck / Shutterstock.com
  • Median days on the market: 7
  • Share of listings off the market in less than 2 weeks: 74.9%
  • Median sale price: $530,620
  • Average sale-to-list price ratio: 102.5%

3. Omaha, NE

Omaha, Nebraska traffic highways
Aspects and Angles / Shutterstock.com
  • Median days on the market: 6
  • Share of listings off the market in less than 2 weeks: 73.9%
  • Median sale price: $232,719
  • Average sale-to-list price ratio: 102.2%

2. Indianapolis, IN

Indianapolis
Rudy Balasko / Shutterstock.com
  • Median days on the market: 6
  • Share of listings off the market in less than 2 weeks: 74.4%
  • Median sale price: $205,616
  • Average sale-to-list price ratio: 100.5%

1. Aurora, CO

Aurora Colorado Traffic
Aaron Esterday / Shutterstock.com
  • Median days on the market: 5
  • Share of listings off the market in less than 2 weeks: 80.7%
  • Median sale price: $432,137
  • Average sale-to-list price ratio: 103.7%

Methodology

A man studies financial data at his computer
NicoElNino / Shutterstock.com

The data used in this analysis is from Redfin’s Data Center. To determine the locations where homes are selling fastest, researchers calculated median days on the market, with lower values ranked higher. In the event of a tie, the location with the greater share of listings off the market in two weeks or less was ranked higher.

All statistics were calculated based on sales data from January to October of 2021. To improve relevance, only cities with at least 100,000 residents were included. Notably, only cities and states with complete data from Redfin were included.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

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