realestate

Hidden Gems: 6 Unlikely Metros Driving Housing Growth

Affordable prices and ample inventory available.

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.

Aerial view of growing housing market in unexpected cities.