This New York Suburb Is America’s Most Competitive Housing Market

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If you had to guess what the most competitive housing market in the U.S. is, you’d likely choose a major metro area like San Francisco or New York — but a new Redfin analysis found that it’s actually a suburb in western New York State.

Based on the analysis of housing supply, sale-to-list ratio and average days on the market, Irondequoit, New York, a suburb of Rochester, is the most competitive housing market in the U.S. Homes there typically sell in just 8.5 days, and more than half (51.5%) of the homes sold sell for above their listing price.

Here’s a look at the other housing markets that round out Redfin’s list of the most competitive.

1. Irondequoit, New York

• Median sale price: $249,132
• Months of supply: 0.6
• Sale-to-list ratio: 119.3%
• Median days on market: 8.5
• Share of homes sold above list price: 51.5%

2. Sunnyvale, California

• Median sale price: $2,671,373
• Months of supply: 0.8
• Sale-to-list ratio: 110.2%
• Median days on market: 9.6
• Share of homes sold above list price: 37.4%

3. Santa Clara, California

• Median sale price: $1,988,297
• Months of supply: 0.8
• Sale-to-list ratio: 108.2%
• Median days on market: 10.1
• Share of homes sold above list price: 31.3%

4. Tonawanda Town, New York

• Median sale price: $269,978
• Months of supply: 0.8
• Sale-to-list ratio: 109.2%
• Median days on market: 11.3
• Share of homes sold above list price: 15.4%

5. Mountain View, California

• Median sale price: $2,654,896
• Months of supply: 0.9
• Sale-to-list ratio: 107.1%
• Median days on market: 10.3
• Share of homes sold above list price: 80.2%

6. North Tonawanda, New York

• Median sale price: $245,732
• Months of supply: 1
• Sale-to-list ratio: 108.4%
• Median days on market: 11.5
• Share of homes sold above list price: 36.7%

7. Crestwood, Missouri

• Median sale price: $340,845
• Months of supply: 0.8
• Sale-to-list ratio: 103.7%
• Median days on market: 9.8
• Share of homes sold above list price: 76.4%

8. Elizabethtown, Pennsylvania

• Median sale price: $343,385
• Months of supply: 0.9
• Sale-to-list ratio: 103.9%
• Median days on market: 10
• Share of homes sold above list price: 42.9%

9. Melrose, Massachusetts

• Median sale price: $1,003,400
• Months of supply: 0.9
• Sale-to-list ratio: 108.6%
• Median days on market: 13.9
• Share of homes sold above list price: 48.3%

10. San Mateo, California

• Median sale price: $2,026,814
• Months of supply: 1
• Sale-to-list ratio: 106.2%
• Median days on market: 12.1
• Share of homes sold above list price: 47.2%

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