Attempting to buy in the hottest markets on realtor.com® can be hazardous to your bank account. Over half of the hottest markets last month were in California, and our top-ranked market—San Francisco—has a median listing price of $1,199,950.
While you ponder that prodigious price, there is hope on the horizon. Two Midwest metros made their debut in April’s hottest real estate markets. Home to a couple of the nation’s largest universities, both Ann Arbor, MI, and Columbus, OH, graduated to the big time in real estate.
According to Jonathan Smoke, chief economist of realtor.com, “When Columbus, OH, is the 10th hottest market in the country, you know that the Midwest—and the U.S. overall—is back and doing well.”
It also means buyers can buy in a hot market without destroying their bank balance. The median list prices for homes in Columbus ($129,900) and Ann Arbor ($349,900) are refreshing when compared with the high prices in the West.
For a look at what you can buy right now in our hottest markets, we tracked down a cool home in each of the 10 cities. So turn up the air conditioning and enjoy the heat.
1. San Francisco, CA
Price: $1,100,000
Hot detail: “1923-built home faces Golden Gate Park greenery.”
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2. Vallejo, CA
Price: $949,999
Hot detail: “Beautiful one-of-a-kind Julia Morgan original … an opportunity to own a true piece of Vallejo history.”
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3. Denver, CO
Price: $849,999
Hot detail: “Great open floor plan for entertaining with top-of-the-line finishes and appliances.”
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4. Santa Rosa, CA
Price: $529,500
Hot detail: “Beautiful 1940’s Mediterranean-style bungalow with many updates.”
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5. San Jose, CA
Price: $1,799,000
Hot detail: “Brand new custom home. A classic Craftsman home with modern designer style and amenities.”
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6. Dallas, TX
Price: $550,000
Hot detail: “Pool recently resurfaced with new decking.”
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7. Santa Cruz, CA
Price: $899,000
Hot detail: “Built green using all reclaimed wood and natural materials.”
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8. Sacramento, CA
Price: $820,000
Hot detail: “Luxe master suite with huge walk-in closet and private balcony.”
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9. Ann Arbor, MI
Price: $225,000
Hot detail: “This absolutely darling colonial is picture perfect and all of the work has been done for you by the current owners.”
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10. Columbus, OH
Price: $350,000
Hot detail: “Moon Cottage, named after the original owners, is all about comfort, fun, and a casual view of life.”
