These 20 Cities Are Hot Seller’s Markets, Study Finds

Do you live in one of the best cities for selling your home?

For many Americans, the primary investment they make over the course of their lives is purchasing a home. That’s why it’s so important for most people to get a good price when they do ultimately sell.

new GOBankingRates study found certain cities have especially hot markets for sellers.

Click through to learn the real estate myths you need to know before you sell your home.

To find the best places to sell a home in the U.S., the study examined the 200 most populous cities in the country and identified the 20 cities ranked as most favorable to sellers, based on Zillow’s Buyer-Seller Index. The study also compiled the average number of days a home was on the market in each city and the median list price.

If you own a house in one of these cities, current conditions would indicate you’re sitting in the cat bird’s seat when it comes time to sell.

Where Are the Best Places to Sell a Home?
©GOBankingRates

One clear takeaway from the study: If you’re looking to sell your home, the best region for doing so is the Southwest by a considerable margin. Of the 20 best places to sell a home, 13 are in California, Texas or Arizona.

The East Coast, meanwhile, is not as well represented — just six Atlantic states finished among the best. But, both coasts are doing considerably better than the middle of the country. No Midwestern communities finished in the top 20.

Here’s a look at the 20 cities that offer the best places in America to sell your home.

CityStateBuyer-Seller IndexDays on MarketMedian List Price
1OntarioCA0.2060$419,825
2ArlingtonTX0.3147$220,000
3GilbertAZ0.3256$329,900
4Jersey CityNJ0.3596$450,000
5Elk GroveCA0.545$415,900
6San AntonioTX0.7164$230,995
7RichmondVA0.7764$220,000
8FremontCA0.841$950,000
9HialeahFL0.8993$299,000
10TempeAZ0.9757$284,999
11PasadenaCA172$879,000
12Chula VistaCA152.5$519,900
13SpringfieldMA172$144,900
14ArlingtonVA1.0463$745,000
15Moreno ValleyCA1.1860$317,900
16SeattleWA1.2838$699,000
17GlendaleCA1.3357.5$809,500
18GreenvilleSC1.4367$260,000
19San DiegoCA1.551$660,000
20Garden GroveCA1.5655$592,500

 

Click through to read insider tips about selling your home.

Methodology: To determine the best places to sell a home, GOBankingRates analyzed the 200 most populous cities in U.S. using the following factors: Zillow’s Buyer-Seller Index, which accounts for the percentage of homes with a price cut in a given area, the number of days a home is on the market and a home’s sale-to-list-price ratio. The lower the value, the greater the seller’s market. Days on market, the lower the number the better. Median list price, via Zillow, as of January 2018.