15 Cities Where Homes Are Selling the Fastest

woman child sold home
Andy Dean Photography / Shutterstock.com

This story originally appeared on Roofstock.

COVID-19 has brought tremendous volatility to many economic sectors, and one area where the effects have been felt most strongly is real estate.

In most areas, the onset of the pandemic last spring temporarily brought the real estate market to a standstill. Economic uncertainty was high as businesses shut down, making both buyers and sellers hesitant to enter the market, while stay-at-home orders and health and safety fears made it harder to arrange showings, inspections, and in-person meetings during the closing process.

As time has gone on, however, demand in the real estate market has picked up in a dramatic way. With the transition to working and schooling from home, families are increasingly seeking out homes with more space and amenities. Moreover, government efforts to stimulate the economy have kept interest rates low and provided relief to households through expanded unemployment benefits and direct payments. Simultaneously, shifts in consumer behavior have pushed savings rates higher over the last year. This combination of factors has given more buyers the desire and the means to look for homes.

West Coast and Southwest homes are selling the fastest

Monkey Business Images / Shutterstock.com

And as with all real estate, location matters. Demand—and with it, the speed of sales—are especially high in Western and Southwestern states that have been experiencing the highest rates of population growth. This includes the three states where homes are selling the fastest: Washington, Nevada, and Arizona.

Many of the metros where homes are selling fastest show similar patterns, but there is additional nuance at the local level. Among small and midsize metros where homes are moving off the market quickly, many are just outside of larger metros with high demand, like Logan, Utah near Salt Lake City or Vallejo, California near San Francisco. This may be an indication that more workers are choosing rural and suburban locales where they can commute or work remotely while enjoying a lower cost of living. But among the major metros, COVID-19 has appeared to exacerbate existing trends in hot markets, meaning higher demand, lower supply, and faster time to sell.

To find the locations where homes are selling the fastest, our researchers used Realtor.com data to calculate the median number of days property listings in each metro were on the market, from the initial listing to the closing date. For comparison, the researchers also examined the year-over-year change and the change in median list price.

Keep reading to see the large metros where homes are selling the fastest.

15. Las Vegas-Henderson-Paradise, NV

Las Vegas neighborhood with desert hills beyond.
Christopher Boswell / Shutterstock.com
  • Median days on the market: 47
  • Change in median days on the market (YoY): -3.3%
  • Median list price: $336,525
  • Change in median list price (YoY): +5.6%
  • Median household income: $62,107
  • Population: 2,266,715

14. Louisville/Jefferson County, KY-IN

Louisville Kentucky
Sean Pavone / Shutterstock.com
  • Median days on the market: 47
  • Change in median days on the market (YoY): -8.4%
  • Median list price: $267,311
  • Change in median list price (YoY): +0.7%
  • Median household income: $61,172
  • Population: 1,266,389

13. Phoenix-Mesa-Chandler, AZ

Phoenix, Arizona
f11photo / Shutterstock.com
  • Median days on the market: 45
  • Change in median days on the market (YoY): -10.7%
  • Median list price: $403,842
  • Change in median list price (YoY): +7.8%
  • Median household income: $67,896
  • Population: 4,948,203

12. Columbus, OH

Columbus, Ohio
Randall Vermillion / Shutterstock.com
  • Median days on the market: 44
  • Change in median days on the market (YoY): -9.3%
  • Median list price: $310,359
  • Change in median list price (YoY): +8.9%
  • Median household income: $67,207
  • Population: 2,122,271

11. Minneapolis-St. Paul-Bloomington, MN-WI

Minneapolis
Nick Lundgren / Shutterstock.com
  • Median days on the market: 43
  • Change in median days on the market (YoY): -6.9%
  • Median list price: $362,035
  • Change in median list price (YoY): +1.2%
  • Median household income: $83,698
  • Population: 3,640,043

10. San Diego-Chula Vista-Carlsbad, CA

Dancestrokes / Shutterstock.com
  • Median days on the market: 40
  • Change in median days on the market (YoY): +1.8%
  • Median list price: $767,596
  • Change in median list price (YoY): +8.7%
  • Median household income: $83,985
  • Population: 3,338,330

9. Denver-Aurora-Lakewood, CO

Denver Colorado
Kevin Ruck / Shutterstock.com
  • Median days on the market: 40
  • Change in median days on the market (YoY): -1.4%
  • Median list price: $539,343
  • Change in median list price (YoY): +6.8%
  • Median household income: $85,641
  • Population: 2,967,239

8. Rochester, NY

Rochester New York
TarnPisessith / Shutterstock.com
  • Median days on the market: 40
  • Change in median days on the market (YoY): -9.1%
  • Median list price: $237,036
  • Change in median list price (YoY): +10.8%
  • Median household income: $62,104
  • Population: 1,069,644

7. Sacramento-Roseville-Folsom, CA

Sacramento, California
Andrew Zarivny / Shutterstock.com
  • Median days on the market: 40
  • Change in median days on the market (YoY): -10.6%
  • Median list price: $523,192
  • Change in median list price (YoY): +7.7%
  • Median household income: $76,706
  • Population: 2,363,730

6. Seattle-Tacoma-Bellevue, WA

Seattle, Washington
Sean Pavone / Shutterstock.com
  • Median days on the market: 39
  • Change in median days on the market (YoY): -7.3%
  • Median list price: $617,868
  • Change in median list price (YoY): +3.2%
  • Median household income: $94,027
  • Population: 3,979,845

5. Washington-Arlington-Alexandria, DC-VA-MD-WV

Washington, D.C.
orhan-cam / Shutterstock.com
  • Median days on the market: 39
  • Change in median days on the market (YoY): -12.4%
  • Median list price: $507,790
  • Change in median list price (YoY): +8.0%
  • Median household income: $105,659
  • Population: 6,280,697

4. Salt Lake City, UT

Salt Lake City, Utah
f11photo / Shutterstock.com
  • Median days on the market: 37
  • Change in median days on the market (YoY): -13.7%
  • Median list price: $491,641
  • Change in median list price (YoY): +13.5%
  • Median household income: $80,196
  • Population: 1,232,696

3. San Francisco-Oakland-Berkeley, CA

San Francisco, California
IM_photo / Shutterstock.com
  • Median days on the market: 36
  • Change in median days on the market (YoY): +2.4%
  • Median list price: $999,365
  • Change in median list price (YoY): +9.3%
  • Median household income: $114,696
  • Population: 4,731,803

2. San Jose-Sunnyvale-Santa Clara, CA

San Jose California
Uladzik Kryhin / Shutterstock.com
  • Median days on the market: 35
  • Change in median days on the market (YoY): -7.2%
  • Median list price: $1,196,303
  • Change in median list price (YoY): +8.0%
  • Median household income: $130,865
  • Population: 1,990,660

1. Nashville-Davidson–Murfreesboro–Franklin, TN

Nashville, Tennessee
jdross75 / Shutterstock.com
  • Median days on the market: 35
  • Change in median days on the market (YoY): -11.4%
  • Median list price: $387,495
  • Change in median list price (YoY): +5.0%
  • Median household income: $70,262
  • Population: 1,933,860

Detailed Findings & Methodology

Sean Locke Photography / Shutterstock.com

The data used in this analysis is from Realtor.com’s Real Estate Data: Inventory-Monthly and the U.S. Census Bureau’s 2019 American Community Survey. To determine the locations where homes are selling fastest, researchers calculated the median number of days property listings were on the market in 2020. Time spent on the market is defined as the time between the initial listing of a property and either its closing date or the date it is taken off the market. A lower number of days on the market corresponds to homes selling faster.

In the event of a tie, the location with the greatest decrease in median days on the market was ranked higher. All real estate data shown is for 2020, and was calculated by averaging the monthly values for January–December of 2020. Only single-family homes, condos, and townhomes were included in the analysis.

To improve relevance, only metropolitan areas with at least 100,000 residents were included. Additionally, metros were grouped into cohorts based on population size: small (100,000–349,999), midsize (350,000–999,999), and large (1,000,000 or more).

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Read Next
9 Affordable Ways to Make Your Home Look Expensive
9 Affordable Ways to Make Your Home Look Expensive

These products from Amazon add elegance to your home without the expense.

9 Ways to Get Affordable Vet Care
9 Ways to Get Affordable Vet Care

Medical care for your furry friends can be expensive. Here are some tips to get affordable vet care.

5 Ways to Save up $500,000 in 15 Years
5 Ways to Save up $500,000 in 15 Years

Even if you’re behind in preparing for retirement, there’s still a way to pull together a solid nest egg if you focus.

15 Painless Ways You Can Cut Costs in 2021
15 Painless Ways You Can Cut Costs in 2021

Follow these tips to save, so you’ll have money for things that really matter.

The 5 Worst Home Upgrades for the Money
The 5 Worst Home Upgrades for the Money

These home improvement projects basically never pay off.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Most Popular
10 Things Frugal People Never Buy
10 Things Frugal People Never Buy

If you’re a true tightwad, the mere thought of spending money on these items gives you the willies.

10 Useless Purchases You Need to Stop Making
10 Useless Purchases You Need to Stop Making

You might as well flush your money down the loo if you spend it on these things.

7 Social Security Benefits You May Be Overlooking
7 Social Security Benefits You May Be Overlooking

There’s more to Social Security than retirement benefits.

7 Social Security Rules Everyone Should Know by Now
7 Social Security Rules Everyone Should Know by Now

Confusion over Social Security is a shame, considering how many of us will need this money badly.

If You Find This Thrift Shopping, Buy It
If You Find This Thrift Shopping, Buy It

They don’t make coffee makers like this anymore.

3 Ways to Get Microsoft Office for Free
3 Ways to Get Microsoft Office for Free

With a little ingenuity, you can cut Office costs to zero.

14 Things You Should Stop Buying in 2021
14 Things You Should Stop Buying in 2021

These convenient household products come with hidden costs that you might not have considered.

The 6 Best Investing Apps for Beginners
The 6 Best Investing Apps for Beginners

If you’re looking to ease into investing in the coronavirus economy with just a little money, check out these easy-to-use tools.

Is Writing a Check Still Safe?
Is Writing a Check Still Safe?

Every time you pay by check, you hand your bank account numbers to a stranger.

8 Things You Should Replace to Improve Your Life Today
8 Things You Should Replace to Improve Your Life Today

Being frugal isn’t smart if you put off replacing these items.

9 Mistakes People Make When Cleaning With Vinegar
9 Mistakes People Make When Cleaning With Vinegar

Cleaning with vinegar can save you a lot of money, but using it like this can cost you.

7 Kirkland Signature Items to Avoid at Costco
7 Kirkland Signature Items to Avoid at Costco

Even if it seems you save a bundle buying Costco’s Kirkland Signature brand products, they may not be the bargain they appear to be.

13 Amazon Purchases We Are Loving Right Now
13 Amazon Purchases We Are Loving Right Now

These practical products make everyday life a little easier.

7 Income Tax Breaks That Retirees Often Overlook
7 Income Tax Breaks That Retirees Often Overlook

Did you realize all these tax credits and deductions exist — or that they apply to retirees?

10 Cars You Are Most Likely to Keep for 15 Years
10 Cars You Are Most Likely to Keep for 15 Years

The cars that owners hold onto the longest have one thing in common, a new study shows.

10 Things Successful Retirees Do Differently
10 Things Successful Retirees Do Differently

These habits and characteristics can help put you on the track to success.

6 Ways to Protect Your Retirement Accounts From Hackers
6 Ways to Protect Your Retirement Accounts From Hackers

Imagine having $245,000 stolen from your retirement account — and not being reimbursed.

7 Costly Health Problems That Strike After Age 50
7 Costly Health Problems That Strike After Age 50

As we age, our bodies wear down. Here is how to cut costs associated with some common ailments.

7 Hidden Sections of Amazon Every Shopper Should Know
7 Hidden Sections of Amazon Every Shopper Should Know

These little-known departments of Amazon are gold mines for deal-seekers and impulse shoppers alike.

View More Articles

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Add a Comment

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.