WalletHub recently crunched the numbers on the best real estate markets comparing “300 cities of varying sizes across 24 key indicators of housing-market attractiveness and economic strength.” The current news of how well many markets are doing is a surprise considering where we were in March,” notes WalletHub’s Senior Analyst Jill Gonzalez.
In the overall ranking, the top five best places to buy a house in WalletHub’s 300 markets included Boise, ID, Seattle, WA, Frisco, TX, Nashville, TN, and Gilbert AZ. Boise consistently ranks in the best places to buy a home listings. Its quality of life is good combined with an affordable housing market. Currently, the median home value in Boise is $341,449. A move-in ready 4-bedroom single-family with a good-size yard was just listed at $369,000.
The findings are separated into 16 categories for a deeper dive. Berkeley, CA leads the list of Cities in the “Lowest Avg. Number of Days Until a House Is Sold” rankings. Other cities are San Francisco, Alexandria VA, San Jose, CA, Bellevue, and Renton WA. In Bellevue for $1,200000, you can own a 4-bedroom “move-in ready” 3,090 square foot home with expansive deck. In Berkeley, your money doesn’t go quite as far as in Bellevue. A 1,986 square foot home on 2,822 square foot lot is currently listed at $1,425,000.
If you are a buyer, you may be able to negotiate a good deal in the cities with the “Highest Avg. Number of Days Until a House is Sold.” These include New York, Miami, Yonkers, NY, Paterson NJ, and Miami Beach. Take Miami Beach where homes are moving slowly. In the Lakeview Miami Beach neighborhood, a 2,311 square foot “Art Deco Chic Family Residence” saw a $50,000 price cut to $1,200,000 at the beginning of August. It been on the market for almost 200 days. WalletHub’s Gonzalez speaks to buyers. “With record-low mortgage rates, this is a golden opportunity to buy especially in some areas.”