Want to buy a house that won’t break the bank? It could be right next door.
Realtor.com’s October report, which ranks the nation’s “hottest housing markets,” includes three Ohio communities in the top 20.
Akron was ninth, Canton-Massillon 12th and Toledo 20th. Dayton and Columbus dropped out of the top 20 in the previous report.
“Midwest markets, such as those listed in Ohio and Illinois, appeal to today’s buyers because of their affordability in light of today’s still-high home prices and highest mortgage rates of 6%,” said Hannah Jones, a senior economic research analyst. the report.
The report shows that the average home in Ohio costs $252,000 or less.
The average list price for a home in Akron was $228,000, with properties on the market for 36 days.
The average list price in Canton-Massillon was $252,000, with properties on the market for 33 days.
The average list price in Toledo was $249,000, with properties on the market for 35 days.
Here is the complete list of the hottest housing markets in order of ranking:
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Manchester-Nashua, New Hampshire
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Springfield, MA
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Hartford-West Hartford-East Hartford, Connecticut
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Concord, New Hampshire and Rockford, Illinois (tie)
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Worchester, MA
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Lancaster, Pa
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Oshkosh-Neenah, Wisconsin
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Akron
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Racine, Wis
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Erie, Pa
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Canton-Massillon, Ohio
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Providence-Warwick, Rhode Island
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Rochester, New York
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New Haven-Milford, Connecticut
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Boston-Cambridge-Newton, Massachusetts, and Norwich-New London, Connecticut (tie)
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Milwaukee-Waukesha-West Allis, Wisconsin
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Janesville-Beloit, Wisconsin
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Reading, Pennsylvania and Toledo (tie)
To read the full report, visit: October 2024 Hottest Housing Markets – Realtor.com.
This article originally appeared on The Repository: Akron, Canton-Massillon and Toledo under ‘Hottest Housing Markets’
