For the first time in several years, U.S. home sale prices are rising in all 50 of the most populous U.S. metropolitan areas, according to Realtor.com.
In December 2024, the median price of an existing home in the U.S. jumped 6.3% year over year and currently stands at $427,670. That marked the first month since May 2022 that prices ticked up in all 50 metros.
Some metros are recording double-digit price growth. Here are the housing markets where prices won’t stop climbing.
1. Cleveland, OH
Change in the median home sale price in this metropolitan area: 15.0% increase between December 2023 and December 2024
Median home sale price in this metropolitan area: $229,900 as of December 2024
The benefits of Cleveland’s size include a major presence by professional sports, thanks to the NFL’s Cleveland Browns, NBA’s Cleveland Cavaliers and MLB’s Cleveland Guardians. The city is also home to the Rock & Roll Hall of Fame, the I.M. Pei-designed museum that celebrates all things rock and often hosts live concerts.
2. Milwaukee, WI
Change in the median home sale price in this metropolitan area: 14.5% increase between December 2023 and December 2024
Median home sale price in this metropolitan area: $320,000 as of December 2024
The downtown Milwaukee Theater District has 15,000 theater seats. That means the area ranks No. 1 for theater seats per capita in the United States.
3. Philadelphia, PA
Change in the median home sale price in this metropolitan area: 14.0% increase between December 2023 and December 2024
Median home sale price in this metropolitan area: $285,000 as of December 2024
The City of Brotherly Love is also a place that celebrates the arts. Mural Arts Philadelphia is the largest public art program in America. Each year, it helps to foster dozens of public art projects in communities across Pennsylvania’s largest city.
Other metros with soaring sale prices
Here are the rest of the places where the median sale price is rising faster than the national median price. Shown are the year-over-year change from December 2023 and the median sale price in December 2024:
- Miami, FL: 11.8% ($570,000)
- Chicago, IL: 11.1% ($340,000)
- Warren, MI: 10.3% ($300,000)
- Nassau County, NY: 10.0% ($715,000)
- Baltimore, MD: 10.0% ($385,000)
- West Palm Beach, FL: 9.2% ($510,000)
- New Brunswick, NJ: 9.1% ($540,000)
- Kansas City, MO: 9.0% ($327,000)
- Indianapolis, IN: 9.0% ($305,000)
- Virginia Beach, VA: 8.5% ($358,000)
- St. Louis, MO: 8.5%; ($255,000)
- Cincinnati, OH: 8.3% ($286,500)
- Boston, MA: 7.9% ($722,975)
- San Francisco, CA: 7.7% ($1,400,000)
- Newark, NJ: 7.6% ($565,000)
- Fort Lauderdale, FL: 7.1% ($455,000)
- Los Angeles, CA: 6.5% ($905,250)
- San Jose, CA: 6.4% ($1,489,000)
- Providence, RI: 6.4% ($479,000)
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