5 Places Where Home Prices Won’t Stop Climbing

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Wooden home in San Diego.
Gabriele Maltinti / Shutterstock.com

U.S. home sale prices shot up by 5% year over year during the four-week period ending Aug. 27.

That is the biggest increase in 10 months, according to an analysis of the 50 most populous metropolitan areas by real estate brokerage firm Redfin.

The median home sale price was about $380,000 as of late August. But some markets are especially hot.

Here are the top five metros where home prices won’t stop climbing. In all of these places, year-over-year sale price increases were in the double digits.

5. Providence, Rhode Island

Providence, Rhode Island
Jon Bilous / Shutterstock.com

Year-over-year change in the median home sale price in this metropolitan area: 11% increase as of late August

The biggest bug in the world is located on the roof of New England Pest Control in Providence. The huge blue termite is 58 feet long — or more than 900 times the size of a real termite.

4. Milwaukee

The Bronze Fonz statue
Nejdet Duzen / Shutterstock.com

Year-over-year change in the median home sale price in this metropolitan area: 12.1% increase as of late August

If you visit Milwaukee, be sure to take in the nightly lighting of one of the city’s most famous landmarks, the Daniel Hoan Memorial Bridge.

3. San Diego

San Diego, California
joseph-sohm / Shutterstock.com

Year-over-year change in the median home sale price in this metropolitan area: 12.3% increase as of late August

San Diego is one of two places in the world where you will find the Torrey pine tree, the rarest type of pine tree in the U.S. You can also find the tree on Santa Rosa Island, which is part of Channel Islands National Park.

2. Newark, New Jersey

Branchbrook Park in Newark, New Jersey
Andrew F. Kazmierski / Shutterstock.com

Year-over-year change in the median home sale price in this metropolitan area: 16.1% increase as of late August

Located just 8 miles from Manhattan, Newark has a rich history. It is home to North America’s fifth-largest cathedral, and you will find more than 4,000 cherry trees in Branch Brook Park.

1. Miami

Miami, Florida homes
Blue Rhino Media / Shutterstock.com

Year-over-year change in the median home sale price in this metropolitan area: 17.1% increase as of late August

Miami is the only major U.S. city founded by a woman, a local businesswoman named Julia Tuttle. She did so by convincing a developer to extend the Florida East Coast Railroad deep into South Florida.

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