Metros where homes are selling for the most over asking price

Paul Brady Photography // Shutterstock The Federal Reserve’s efforts to curb inflation have pushed interest rates to levels unseen in more than two decades, and the number of home sales has been on the decline since its pandemic peak. But homes are still selling, even if slowly. And they’re still increasing in price, even if that increase has been slowed just a bit too. In fact, some are still selling for slightly more than the list price. Because of the market change, only 22 metros have homes selling at or over asking. Stacker analyzed data from Redfin to see which metros had the most homes sold over asking price. Data shows sales for the month of February 2023. Metros where fewer than 300 homes were sold were excluded from this list, and the metros are ranked based on the average sale-to-list ratio. This is a mean ratio of the home sale price divided by the list price. Values were rounded to the nearest hundredth of a percent. You may also like: States with the lowest property taxes #22. Montgomery County, PA metro area Smallbones // Wikimedia Commons – Average sale to list ratio: 1.00 – Median list price: $440,000 – Median sale price: $399,900 – Total homes sold: 1,035 #21. Washington, DC metro area Andrew Bossi // Wikimedia – Average sale to list ratio: 1.00 – Median list price: $549,970 – Median sale price: $505,000 – Total homes sold: 3,473 #20. Boston, MA metro area Sean Pavone // Shutterstock – Average sale to list ratio: 1.00 – Median list price: $699,000 – Median sale price: $594,183 – Total homes sold: 1,782 #19. York, PA metro area Smallbones // Wikimedia Commons – Average sale to list ratio: 1.00 – Median list price: $264,500 – Median sale price: $235,000 – Total homes sold: 344 #18. Buffalo, NY metro area Stephen Zimmermann // Wikimedia Commons – Average sale to list ratio: 1.00 – Median list price: $199,950 – Median sale price: $191,000 – Total homes sold: 535 #17. Omaha, NE metro area JonClee86 // Wikicommons – Average sale to list ratio: 1.00 – Median list price: $300,000 – Median sale price: $275,000 – Total homes sold: 713 #16. Providence, RI metro area spablab // Flickr – Average sale to list ratio: 1.00 – Median list price: $425,000 – Median sale price: $401,000 – Total homes sold: 807 #15. Albany, NY metro area Wangkun Jia // Shutterstock – Average sale to list ratio: 1.00 – Median list price: $265,000 – Median sale price: $260,500 – Total homes sold: 437 #14. Grand Rapids, MI metro area Grguy2011 // Wikimedia Commons – Average sale to list ratio: 1.00 – Median list price: $299,900 – Median sale price: $285,750 – Total homes sold: 688 #13. Virginia Beach, VA metro area Sherry V Smith // Shutterstock – Average sale to list ratio: 1.00 – Median list price: $325,000 – Median sale price: $310,000 – Total homes sold: 1,788 #12. Newark, NJ metro area Canva – Average sale to list ratio: 1.00 – Median list price: $499,000 – Median sale price: $450,000 – Total homes sold: 1,125 #11. San Francisco, CA metro area en:User:Paul.h // Wikimedia – Average sale to list ratio: 1.00 – Median list price: $1,436,000 – Median sale price: $1,420,000 – Total homes sold: 497 #10. Camden, NJ metro area Adam Moss // Wikimedia Commons – Average sale to list ratio: 1.00 – Median list price: $299,900 – Median sale price: $295,000 – Total homes sold: 858 #9. Madison, WI metro area Paul Brady Photography // Shutterstock – Average sale to list ratio: 1.00 – Median list price: $394,900 – Median sale price: $359,900 – Total homes sold: 369 #8. Worcester, MA metro area John Phelan // Wikimedia – Average sale to list ratio: 1.00 – Median list price: $389,900 – Median sale price: $380,000 – Total homes sold: 475 #7. Frederick, MD metro area Christian Hinkle // Shutterstock – Average sale to list ratio: 1.00 – Median list price: $515,895 – Median sale price: $503,705 – Total homes sold: 866 #6. Richmond, VA metro area Ron Cogswell//Wikicommons – Average sale to list ratio: 1.00 – Median list price: $354,950 – Median sale price: $351,225 – Total homes sold: 1,107 #5. San Jose, CA metro area Don Ramey Logan // Wikicommons – Average sale to list ratio: 1.01 – Median list price: $1,400,000 – Median sale price: $1,250,000 – Total homes sold: 593 #4. Portland, ME metro area Joseph Sohm // Shutterstock – Average sale to list ratio: 1.01 – Median list price: $498,950 – Median sale price: $445,250 – Total homes sold: 310 #3. Hartford, CT metro area John Phelan // Wikimedia – Average sale to list ratio: 1.01 – Median list price: $299,900 – Median sale price: $290,000 – Total homes sold: 697 #2. Oakland, CA metro area BayAreaMetro // Wikimedia Commons – Average sale to list ratio: 1.02 – Median list price: $874,450 – Median sale price: $815,500 – Total homes sold: 1,118 #1. Rochester, NY metro area Theresa Marconi // Wikimedia Commons – Average sale to list ratio: 1.04 – Median list price: $179,900 – Median sale price: $180,200 – Total homes sold: 458