The 10 Best Real Estate Markets of 2024
Which steady real estate markets will buyers flock to in 2024? According to the Realtor.com 2024 Forecast, 10 housing markets have been identified as the next homebuying hot spots. Of the 10 housing markets, five are in California where many of these markets are predicted to rebound next year.
To determine which housing markets are anticipated to fare better than others, the Realtor.com economics team predicted home sale prices and the number of existing-home sales in the 100 largest U.S. metropolitan areas. In descending order, here are the top 10 real estate markets of 2024.
Los Angeles, California
November median home list price: $1,150,000
Forecasted 2024 home sales price change: 3.5%
Forecasted 2024 home sales change: 9.2%\n9. Grand Rapids, Michigan\nNovember median home list price: $390,000\nForecasted 2024 home sales price change: 7.2%\nForecasted 2024 home sales change: 6.1%\n8. Worcester, Massachusetts\nNovember median home list price: $475,000\nForecasted 2024 home sales price change: 4.8%\nForecasted 2024 home sales change: 9.1%\n7. Springfield, Massachusetts\nNovember median home list price: $350,000\nForecasted 2024 home sales price change: 4.2%\nForecasted 2024 home sales change: 10.5%\n6. Bakersfield, California\nNovember median home list price: $385,000\nForecasted 2024 home sales price change: 2.3%\nForecasted 2024 home sales change: 13.4%\n5. Riverside, California\nNovember median home list price: $585,000\nForecasted 2024 home sales price change: 2%\nForecasted 2024 home sales change: 13.8%\n4. San Diego, California\nNovember median home list price: $995,000\nForecasted 2024 home sales price change: 5.4%\nForecasted 2024 home sales change: 11%\n3. Rochester, New York\nNovember median home list price: $239,000\nForecasted 2024 home sales price change: 10.4%\nForecasted 2024 home sales change: 6.2%\n2. Oxnard, California\nNovember median home list price: $1,037,000\nForecasted 2024 home sales price change: 3.3%\nForecasted 2024 home sales change: 18%\n1. Toledo, Ohio\nNovember median home list price: $200,000\nForecasted 2024 home sales price change: 8.3%\nForecasted 2024 home sales change: 14%”
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