What is the hottest real estate market 2022?

Best Real Estate Markets In The U.S. Austin, Texas (Metro Area) Median listing price: $620,000. ... Tampa, Florida. Median listing price: $388,800. ... Raleigh, North Carolina. Median listing price: $389,000. ... Nashville, Tennessee (Metro Area) ... Charlotte, North Carolina. ... San Antonio, Texas. ... Phoenix, Arizona. ... Jacksonville, Florida. More items... •

rocketmortgage.com - 10 Best Real Estate Markets In 2022 | Rocket Mortgage

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5. Charlotte, North Carolina

Median listing price: $385,000

$385,000 Time on market: 35

Charlotte continues to be one of the top places to live in North Carolina with access to mountains and beaches alike. The cost of living in Charlotte is 5% lower than the national average leaving room for outdoor lovers to experience this beautiful state in all its glory. Charlotte is also experiencing job growth with a 45.2% increase expected over the next 10 years. Top companies headquartered in Charlotte includes Bank of America, Wells Fargo, Amazon, LendingTree and more.

6. San Antonio, Texas

Median listing price: $285,000

$285,000 Time on market: 55 days

San Antonio is currently a buyer’s market, so if you’re looking to become a homeowner in one of the best places to live in Texas, now is the time. This city also offers plenty of fun activities and history to enjoy. San Antonio is rich in Spanish and Old West heritage as it is most famously known as the home of the Alamo. With over 300 days of sunshine per year, residents can expect consistent great weather. According to a new report from the U.S. Census Bureau, San Antonio is the nation’s eighth fastest-growing metro. The state is also experiencing an increase in six-figure jobs in the San Antonio – New Braunfels metro region.

7. Phoenix, Arizona

Median listing price: $459,000

$459,000 Time on market: 35 days

35 days Home value increase (over pre-pandemic levels): 30%

Phoenix home values have increased an astonishing amount over the last year – close to 30%. This increase is largely due to demand from a sudden influx of home buyers: remote workers and retirees who want more space for the money. While home prices are slightly above the national average, data from Payscale shows the cost of living in Phoenix is 5% below average, meaning your dollars will go further. A six-figure home price jump is enough to put Phoenix on the list of “hottest” real estate markets, but the largest town in Arizona has a lot to offer residents. With increasing tech jobs (Amazon, Uber, Shutterfly and Yelp have offices in Phoenix), over 200 golf courses, along with restaurants and nightlife, it’s easy to see why many move to Phoenix.

8. Jacksonville, Florida

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Median listing price: $289,900

$289,900 Time on market: 42 days

42 days Home value increase (over pre-pandemic levels): 5%

Jacksonville, Florida may not ring any bells when you think of a “major metro area,” but Jacksonville is actually one of the fastest-growing economic areas in the country, with over one million residents in the metro area. Jacksonville’s growth is attributed to its strong job growth, as employment opportunities continue to steadily increase month over month. Jacksonville is also incredibly affordable with the current Jacksonville cost of living at 5% below the national average, and the median list price of properties well below national averages. In this area, the average price per square foot on a three-bedroom, two-bath single family home is a comfy $182 per square foot.

9. Atlanta, Georgia

Median listing price: $400,000

$400,000 Time on market: 41

As the economic and cultural hub of Georgia, Atlanta continues to grow year after year, bringing more and more people to the city. With Atlanta’s cost of living just 1% lower than the national average, residents will have plenty of job opportunities in a variety of sectors (financial, real estate, medical, etc.). Not to mention, several Fortune 500 companies call this city home, including The Coca Cola Company, The Home Depot, Delta Air Lines and more.

10. Orlando, Florida

Median listing price: $350,000

$350,000 Time on market: 39

With the cost of living in Orlando 5% lower than the national average, this city continues to rank as one of the best places to live in Florida. Orlando is also one of the top vacation spots in the U.S. with temperatures rarely falling under 60 degrees. Residents of this city also don’t have to pay personal income tax or sales income tax, which can save people a lot of money year after year. While Orlando is known for its amusement parks, finding your own pocket of sunshine isn’t hard to come by with over 100 lakes less than an hour away (not to mention spacious golf courses and shopping centers).

rocketmortgage.com - 10 Best Real Estate Markets In 2022 | Rocket Mortgage

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