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Top 10 Real Estate Markets of 2024

December 22, 2023

3 min Read

Written by Heather Taylor

Edited by Levi Leidy

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Which steady real estate markets will buyers flock to in 2024? According to the Realtor.com 2024 Forecast, 10 housing markets have been identified as the next homebuying hot spots. Of the 10 housing markets, five are in California where many of these markets are predicted to rebound next year.

To determine which housing markets are anticipated to fare better than others, the Realtor.com economics team predicted home sale prices and the number of existing-home sales in the 100 largest U.S. metropolitan areas. In descending order, here are the top 10 real estate markets of 2024.

10. Los Angeles, California

November median home list price: $1,150,000
Forecasted 2024 home sales price change: 3.5%
Forecasted 2024 home sales change: 9.2%

9. Grand Rapids, Michigan

November median home list price: $390,000
Forecasted 2024 home sales price change: 7.2%
Forecasted 2024 home sales change: 6.1%

8. Worcester, Massachusetts

November median home list price: $475,000
Forecasted 2024 home sales price change: 4.8%
Forecasted 2024 home sales change: 9.1%

7. Springfield, Massachusetts

November median home list price: $350,000
Forecasted 2024 home sales price change: 4.2%
Forecasted 2024 home sales change: 10.5%

6. Bakersfield, California

November median home list price: $385,000
Forecasted 2024 home sales price change: 2.3%
Forecasted 2024 home sales change: 13.4%

5. Riverside, California

November median home list price: $585,000
Forecasted 2024 home sales price change: 2%
Forecasted 2024 home sales change: 13.8%

4. San Diego, California

November median home list price: $995,000
Forecasted 2024 home sales price change: 5.4%
Forecasted 2024 home sales change: 11%

3. Rochester, New York

November median home list price: $239,000
Forecasted 2024 home sales price change: 10.4%
Forecasted 2024 home sales change: 6.2%

2. Oxnard, California

November median home list price: $1,037,000
Forecasted 2024 home sales price change: 3.3%
Forecasted 2024 home sales change: 18%

1. Toledo, Ohio

November median home list price: $200,000
Forecasted 2024 home sales price change: 8.3%
Forecasted 2024 home sales change: 14%

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