T
he holiday season has brought a surge in homebuyers as many opt to move during the winter months, just after summer when schools let out. Families appreciate the time off from school and work to unpack and settle into their dream homes. Currently, some unexpected areas are experiencing a real estate boom due to low prices and high inventory.
According to Realtor.com data, available housing levels rose over 30% year-over-year in the third quarter of 2024, and this trend continues. The six hottest real estate markets share one common trait: affordable homes with plenty of options. From Ohio to Massachusetts, here are the top six markets:
6. Springfield, Massachusetts
Median Home Price: $393,000
Located just over the Connecticut border, Springfield offers a unique blend of affordability and charm. With median home prices below the national average, this city is an attractive option for families.
5. Kalamazoo-Portage, Michigan
Median Home Price: $360,000
Kalamazoo boasts an impressive museum network, including the Air Zoo Aerospace and Science Museum. Homes here sell at a relatively affordable price of $360,000.
4. Manchester-Nashua, New Hampshire
Median Home Price: $563,000
This area is not only one of the hottest markets but also where homes sell the fastest nationwide. While prices are slightly higher than other cities on this list, residents enjoy a wonderful community and easy access to nature.
3. Milwaukee-Waukesha-West Allis, Wisconsin
Median Home Price: $390,000
Milwaukee's blend of urban life and natural beauty makes it an attractive option for homebuyers. The city is known for its breweries and passionate sports fans.
2. Akron, Ohio
Median Home Price: $230,000
Akron offers a range of affordable homes, including townhomes and single-family units. Residents enjoy a thriving arts community and lively minor league sports games.
1. Canton-Masillon, Ohio
Median Home Price: $259,000
The greater Canton area takes the top spot as this quarter's hottest market. With prices well below the national average, some homes even list for under $165,000. This area is perfect for families and retirees alike, with attractions like the Pro Football Hall of Fame.
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