The top U.S. cities to buy a house in 2024 were determined by Realtor.com, a real estate broker, using sales and price growth projections from December of last year.
The top 50 metropolitan areas in the country were analyzed for the annual report, and the list that emerged included half of California’s metros.
“These markets generally fall into two camps: affordable metros in the Midwest and Northeast, and high-priced Western metros,” Hannah Jones, Realtor.com’s Senior Economic Research Analyst, said.
Because they provide more reasonably priced options than other regions of the country, the Midwest and Northeast markets on the list are anticipated to remain popular this year.
Jones continued, “These areas promise more bang for your buck and desirable quality of life amenities.” However, many people still struggle with affordability.
According to Realtor.com, even though prices and sales are predicted to rise over the previous year, they will still be below levels seen before the pandemic.
According to Realtor.com, Toledo, Ohio is the greatest place to buy a home in the United States in 2024.
It is anticipated that the median sale price of existing homes scheduled to go up for sale in 2024 will increase by 8.3% year over year, while the sale price of homes currently on the market will rise by 14% year over year.
Zillow estimates that the average home value in Toledo is $113,033, up 5.6% from the previous year.
The headquarters of Jeep are located in this Ohio city, which has long served as a center for the glass and automotive industries.
Oxnard/Thousand Oaks/Ventura, California, are the second-best places in the United States to buy a home.
Existing home sales are expected to rise by 18% year over year in the California metropolitan area. The report projects a 3.3% increase in the median sale price of existing homes.
Zillow reports that the average home value in Oxnard/Thousand Oaks/Ventura is $833,491, a 3.0% increase over the previous year.
Miles of uncrowded beaches and high-quality housing are available to residents of Oxnard, Thousand Oaks, and Ventura, which are all part of the Greater Los Angeles metropolitan area.
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