The housing market is heating up with Chicago, Phoenix and Denver expected to be among the nation’s 20 hottest in 2022.

The “hottest housing markets 2022” is a list of the top 20 cities with the hottest housing markets in 2022. The list is based on data from Zillow, Trulia and Realtor.com.

The exceptional demand that developed during the pandemic’s early phases about two years ago is still present in housing markets throughout the U.S. in 2022.

The National Association of Realtors estimates that house prices rose by 16.9% in 2021, the largest annual rise since 1999. Since the median sales price of an American house reached a new record high of $358,000 in December, this increased demand is placing pressure on the declining real estate supply and shows no signs of abating in the next year.

Every potential purchaser in America is impacted by house availability and affordability, so the data scientists at Insurify set out to uncover the housing areas that were seeing the most growth at the beginning of the year. The twenty hottest housing markets in 2022 were identified by Insurify’s research team using national real estate data.

Feverpitched/IstockPhoto, the source of the image.

Insights

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  • national medians. A whole 10% more than it was at the start of 2021, the median listing price of a property in the United States is $361,423. The typical home stays on the market for only 47.7 days, which is 16. percent less time than it did a year earlier.
  • Homes in a hot market are selling at unprecedented rates. Properties in the twenty hottest real estate cities are selling at astonishing rates while homes throughout the nation are flying off the market. In only 34.7 days—barely more than a month—the average house in the twenty most popular cities is up for sale. This selling rate is astonishingly 29 percent quicker than the national average rate.
  • large growth in niche markets. Small to medium-sized metro cities make up the majority of the twenty hottest markets in the nation. In actuality, none of the top 30 housing markets in the nation are included. According to the 2020 U.S. Census, Columbus, Ohio, which has 2,138,926 people, is the biggest metro area among the twenty hottest markets and ranks as the thirty-second largest metro area nationwide.

Picture source: istockphoto/fizkes.

Methodology

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The property market data from Realtor.com was used by the data scientists of Insurify, a home insurance comparison website, to identify the locations with the hottest housing markets in 2022. They assessed cities using Realtor.com’s Market Hotness Index, which assigns ratings to each metropolitan area based on the number of days a property has been on the market and the number of views it receives on the website. Market Hotness Scores for cities ranged from 1 to 100. A greater Market Hotness Score was awarded to cities where residences spent less days on the market and had more views per property, two indicators of increased demand. Conversely, metro regions with properties that spent longer time on the market and had fewer views per property, both signs of a weaker demand, had their Market Hotness Scores reduced.

Monthly statistics on these metrics are compiled by Realtor.com. The data scientists at Insurify assessed the average Market Hotness Score for each city throughout the months of October, November, and December of 2021 to adjust for monthly variations. The top twenty cities with the hottest housing markets going into 2022 were then determined using these average ratings. Realtor.com was used to acquire information on median property prices, median days on the market, and year over year % changes for both.

The 300 biggest metropolitan regions in the US were taken into account in this analysis.

The results of Insurify’s study of national real estate data are statistical patterns that are presented in this article. The results of this research are not intended to suggest a causal connection between the variables or even that one exists. Instead, this is a display of publically relevant statistical connections.

The 20 U.S. cities with the hottest housing markets are listed below:

DepositPhotos.com, source of the image.

North Carolina’s Hickory-Lenoir-Morganton is number 20.

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  • Score for home market hotness: 80.0
  • Home listing median price: $273,817 (24 percent less than the national average)
  • Days on market median: 43.5 (9 percent less than the national average)

Wellesenterprises/IstockPhoto is the source of the image.

19. California: Oxnard, Thousand Oaks, and Ventura

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  • Score for home market hotness: 80.4
  • $901,167 is the median listing price for homes (149 percent greater than the national average)
  • Days on market: 38.5 on average (19 percent less than the national average)

DepositPhotos.com, source of the image.

California’s Vallejo-Fairfield, 18.

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  • Score for home market hotness: 81.3
  • $594,333 is the median listing price for homes (64 percent greater than the national average)
  • Days on market, on average, 30.3 (36 percent less than the national average)

BackyardProduction/IstockPhoto is the source of the image.

Colorado Springs, Colorado, number 17

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  • Score for home market hotness: 81.6
  • $493,742 is the median listing price for homes (37 percent greater than the national average)
  • Average days on the market: 29.7 (38 percent less than the national average)

Jacob Boomsma of istockphoto provided the photo.

Florida’s North Port, Sarasota, and Bradenton

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  • Score for home market hotness: 81.8
  • Average cost to market a home: $500,400 (38 percent greater than the national average)
  • Days on market: 41.8 on average (12 percent less than the national average)

DepositPhotos.com, source of the image.

15. North Carolina’s Durham-Chapel Hill

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  • Score for home market hotness: 83.6
  • Home listing median price: $465,330 (29 percent greater than the national average)
  • Days on market median: 35.7 (25 percent less than the national average)

Sean Pavone/Istockphoto provided the image.

Columbus, Ohio, at 14

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  • Score for home market hotness: 83.8
  • median cost to market a home: $289,850 (20 percent less than the national average)
  • Days on market median: 36.0 (25 percent less than the national average)

DepositPhotos.com, source of the image.

Jefferson City, Missouri, is 13.

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  • Score for home market hotness: 86.0
  • Average cost to list a home: $185,617 (49 percent less than the national average)
  • Days on market median: 37.2 (22 percent less than the national average)

Photo courtesy of Deposit Photos.

Rapid City, South Dakota, at 12

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  • Score for home market hotness: 86.1
  • Home listing median price: $376,400 (4 percent greater than the national average)
  • Days on market on average: 38.0 (20 percent less than the national average)

James Gabbert/istockphoto provided the photo.

11. Worcester, Connecticut-Massachusetts

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  • Score for home market hotness: 87.5
  • Home listing median price: $393,117 (9 percent greater than the national average)
  • Days on market median: 37.0 (22 percent less than the national average)

DepositPhotos.com, source of the image.

Raleigh, North Carolina, number ten

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  • Hotness of the domestic market: 87.9
  • $423,300 is the average list cost of homes (17 percent greater than the national average)
  • Days on market on average: 24.8 (48 percent less than the national average)

Mark Howard/istockphoto, source of the image.

Springfield, Massachusetts, at No. 9

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  • Hotness of the domestic market: 88.4
  • Home listing median price: $311,483 (14 percent less than the national average)
  • Days on market: 35.2 on average (26 percent less than the national average)

Photo courtesy of Deposit Photos.

Topeka, Kansas (8.

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  • Hotness of the domestic market: 88.6
  • Home listing median price: $174,550 (52 percent less than the national average)
  • Days on market, on average, were 36.5, which is 24% less than the national average.

ChrisBoswell/istockphoto is credit for the image.

Indiana’s Lafayette-West Lafayette 7.

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  • Hotness of the domestic market: 88.8
  • median cost to market a home: $226,600 (37 percent less than the national average)
  • Days on market: 35.5 on average (26 percent less than the national average)

Rodrigo A. Rodriguez Fuentes/iStock is the source of the image.

6. California: Santa Maria-Santa Barbara

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  • Score for home market hotness: 89.2
  • $1,371,500 is the median list price for homes (279 percent greater than the national average)
  • Days on market on average: 37.8 (21 percent less than the national average)

DepositPhotos.com, source of the image.

Elkhart-Goshen, Indiana, No. 5

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  • Score for home market hotness: 90.4
  • Home listing median price: $219,633 (39 percent less than the national average)
  • Days on market median: 34.8 (27 percent less than the national average)

DepositPhotos.com, source of the image.

Fort Wayne, Indiana, no. 4

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  • Score for home market hotness: 91.2
  • Home listing median price: $228,283 (37 percent less than the national average)
  • Days on market median: 33.5 (30 percent less than the national average)

ChrisBoswell/istockphoto is credit for the image.

Rochester, New York, third

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  • Score for home market hotness: 94.6
  • Home listing median price: $203,300 (44 percent less than the national average)
  • Market days on average: 29.3 (39 percent less than the national average)

DepositPhotos.com, source of the image.

Burlington, North Carolina, second

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  • Score for home market hotness: 96.2
  • median cost to market a home: $289,583 (20 percent less than the national average)
  • Days on market: 28.5 on average (40 percent less than the national average)

Google Maps, source of the image

First, New Hampshire’s Manchester-Nashua

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  • Score for home market hotness: 97.2
  • $427,400 is the median listing price for homes (18 percent greater than the national average)
  • Days on market: 31.0 on average (35 percent less than the national average)

Data Identification

You may use the data, statistics, and data visualizations on this page without charge, however we do ask that you link back to this page and credit Insurify for any full or partial usage. Many thanks!

MediaFeed.org syndicated this item after it first published on Insurify.com.

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AlertMe

Zillow has released their list of the 20 cities with the hottest housing markets in 2022. The list was compiled by analyzing factors such as home value, rental rates, and population growth. Reference: zillow hottest housing markets 2022.

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  • 20 hottest real estate markets 2022
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  • hottest real estate markets in the u.s. 2021
  • hottest real estate markets in florida
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