post image

Exploring the Top 10 U.S. Metro Areas for Homebuyers in 2024

In the ever-evolving landscape of real estate, savvy homebuyers are seeking the most promising cities to invest in property. According to Realtor.com, the following U.S. metro areas are positioned as the top picks for homebuyers in 2024.

1. Toledo, OH - The Pinnacle of Real Estate Potential

Toledo, Ohio, claims the top spot as the best city in the U.S. to buy a house in 2024. Projections indicate a substantial 14% year-over-year increase in the sale price of homes currently on the market. Additionally, the median sale price of existing homes slated to be listed in 2024 is expected to rise by an impressive 8.3% year-over-year. With an average home value of $113,033, marking a 5.6% increase over the past year, Toledo offers not only affordability but also a rich industrial history, particularly in the auto-manufacturing and glass industries. The city proudly hosts the headquarters of the iconic Jeep brand.

⁠2. Oxnard/Thousand Oaks/Ventura, CA - California Dreaming of Homeownership

Securing the second position is the Oxnard/Thousand Oaks/Ventura metropolitan area in California. Anticipating an 18% year-over-year surge in existing home sales, this California gem promises an enviable real estate market. The median sale price of existing homes is projected to rise by 3.3%. With an average home value of $833,491, reflecting a 3.0% increase over the past year, this metropolitan area, part of the Greater Los Angeles region, combines access to uncrowded beaches with quality housing options.

⁠3. Rochester, NY - Flourishing in the Flour City ⁠Rochester, New York, secures its place as one of the top U.S. metro areas for homebuyers in 2024. Known as the Flour City, Rochester boasts a real estate market with a promising outlook. Homebuyers can anticipate a robust housing market characterized by steady growth and an inviting community atmosphere.

⁠4. San Diego/Chula Vista/Carlsbad, CA - Southern California's Real Estate Appeal ⁠San Diego, Chula Vista, and Carlsbad, forming a dynamic trio in Southern California, emerge as prime choices for homebuyers in 2024. The region anticipates a robust 10% year-over-year increase in existing home sales. The median sale price of existing homes is expected to climb by 5.2%, offering a promising outlook for those seeking a slice of Southern California's real estate charm. With a rich cultural scene, stunning coastal views, and a thriving economy, this metropolitan area caters to a diverse range of lifestyles.

⁠5. Riverside/San Bernardino/Ontario, CA - The Inland Empire's Real Estate Resilience ⁠opportunity for homebuyersopportunity for homebuyers. The median sale price of existing homes is expected to experience a 6.1% rise, reflecting the area's capacity for growth and stability.

6. Bakersfield, CA - Affordability Meets Potential ⁠Bakersfield, California, makes its mark as an affordable yet promising location for homebuyers in 2024. Projections indicate a 7% year-over-year increase in existing home sales, with the median sale price expected to rise by 5.8%. Known for its affordability and strong sense of community, Bakersfield offers an attractive proposition for those seeking an affordable entry point into the California housing market.

⁠7. Springfield, MA - New England's Housing Gem ⁠Springfield, Massachusetts, emerges as a gem in New England's real estate landscape. Anticipating a 9% year-over-year increase in existing home sales, Springfield promises a thriving market. The median sale price of existing homes is expected to climb by 3.7%, highlighting the city's blend of affordability and historic charm.

⁠8. Worcester, MA-CT - A Tale of Two States, One Promising Market

Worcester, straddling the border of Massachusetts and Connecticut, stands out as a promising market for homebuyers in 2024. Projections indicate a 10% year-over-year increase in existing home sales. The median sale price of existing homes is expected to rise by 5.5%, showcasing the region's appeal as an affordable yet thriving real estate destination.

⁠9. Grand Rapids/Kentwood, MI - Midwest's Real Estate Gem ⁠Grand Rapids and Kentwood, situated in the heart of Michigan, shine as a real estate gem in the Midwest. The region anticipates a 6% year-over-year increase in existing home sales, with the median sale price expected to rise by 4.2%. Known for its vibrant arts scene, strong job market, and quality of life, this metropolitan area offers a compelling proposition for homebuyers.

⁠10. Los Angeles/Long Beach/Anaheim, CA - Iconic Yet Accessible Real Estate Los Angeles, Long Beach, and Anaheim, forming a triad of iconic Southern California cities, maintain their allure for homebuyers in 2024. Projections indicate a 9% year-over-year increase in existing home sales. The median sale price of existing homes is expected to rise by 3.8%, presenting a balanced blend of accessibility and the unmistakable Southern California lifestyle. ⁠

In summary, these additional metro areas underscore the diverse opportunities available to homebuyers in 2024. From the coastal charm of Southern California to the historic allure of New England, each city brings its unique character to the forefront, promising a dynamic and fulfilling homeownership experience.

Leave a comment

Your email will not be published

0 Comments

Be the first one to comment this post!

Contact Us

Contact us

Loan officers ready to help you

We have loan officers ready to guide you through the most suited home loan option for you and which documentation you should provide.

Find a Loan Officer >>

Growing
next to you

We are a California-based lender with an increasing presence in 20+ states. Check if we are licensed in yours.

See Licensed States >>

By using our site, you agree to use our cookies. For more information, read our Privacy Policy