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Top housing markets
Third-quarter numbers are in. See how your town stacks up.
Housing prices continue to defy forecasts of a slowdown.
Nationally, median home prices gained 7.7 percent in the third quarter versus the same period in 2003, according to a National Association of Realtors (NAR) report.
The median price was $188,500, which means that half the homes tracked cost more and half cost less. Of the 127 markets tracked, 45 areas had growth of more than 10 percent.
The NAR is projecting that existing-home prices will increase 5.3 percent in 2005.
Over the past 12 months, Las Vegas home values showed the biggest gains. The median price of an existing single-family home in and around Sin City shot up 53.7 percent. In Bradenton, Fla. prices were up 40.7 percent, and in Riverside and San Bernardino counties near Los Angeles prices were up 36.2 percent.
Not all markets have seen these kinds of gains. In nearly 40 metro areas, prices inched up less than 3 percent. In 11 metros, prices declined.
| Metropolitan Area |
State |
Percent
Change |
Median Value |
| Q3 2004 |
Q3 2003 |
| Las Vegas |
NV |
53.7% |
$283,200 |
$184,300 |
| Bradenton |
FL |
40.7% |
$248,000 |
$176,300 |
| Riverside/San Bernardino |
CA |
36.2% |
$311,700 |
$228,900 |
| San Diego |
CA |
32.5% |
$578,300 |
$436,500 |
| Sacramento |
CA |
30.5% |
$329,700 |
$252,700 |
| W. Palm Beach/BocaRaton/Delray Beach |
FL |
29.0% |
$321,500 |
$249,300 |
| Norfolk/VirginiaBch/Newport News |
VA |
27.3% |
$182,200 |
$143,100 |
| Ft. Myers/Cape Coral |
FL |
26.3% |
$194,800 |
$154,200 |
| Orange County (Anaheim/Santa Ana) |
CA |
26.0% |
$643,600 |
$510,800 |
| Los Angeles Area |
CA |
24.0% |
$452,400 |
$364,800 |
| Ft.Lauderdale/Hollywood/Pompano Beach |
FL |
23.5% |
$294,700 |
$238,700 |
| Miami/Hialeah |
FL |
22.6% |
$290,900 |
$237,300 |
| Melbourne/Titusville/PalmBay |
FL |
22.5% |
$165,800 |
$135,300 |
| Washington |
DC/MD/VA |
22.3% |
$362,400 |
$296,200 |
| Daytona Beach |
FL |
21.0% |
$155,600 |
$128,600 |
| Honolulu |
HI |
19.5% |
$469,000 |
$392,500 |
| Ocala |
FL |
18.6% |
$114,900 |
$96,900 |
| Albany/Schenectady/Troy |
NY |
18.3% |
$174,000 |
$147,100 |
| Providence |
RI |
17.6% |
$283,900 |
$241,400 |
| Oklahoma City |
OK |
17.5% |
$125,800 |
$107,100 |
| Orlando |
FL |
17.2% |
$180,500 |
$154,000 |
| Peoria |
IL |
16.0% |
$113,000 |
$97,400 |
| Davenport/Moline/RockIsland |
IA/IL |
15.5% |
$119,500 |
$103,500 |
| Monmouth/Ocean County |
NJ |
14.7% |
$343,500 |
$299,400 |
| San Francisco Bay Area |
CA |
14.0% |
$646,300 |
$567,000 |
| New Haven/Meriden |
CT |
13.6% |
$260,500 |
$229,400 |
| Gainesville |
FL |
13.6% |
$166,900 |
$146,900 |
| Baltimore |
MD |
13.6% |
$250,500 |
$220,500 |
| Nassau/Suffolk County |
NY |
12.8% |
$422,200 |
$374,400 |
| Tucson |
AZ |
12.6% |
$179,900 |
$159,700 |
| Springfield |
MO |
12.6% |
$110,200 |
$97,900 |
| Bergen/Passaic County |
NJ |
12.6% |
$432,200 |
$383,900 |
| Tacoma |
WA |
12.1% |
$204,600 |
$182,500 |
| Jacksonville |
FL |
11.7% |
$157,600 |
$141,100 |
| Tampa/St.Petersburg/Clearwater |
FL |
11.2% |
$167,000 |
$150,200 |
| Portland |
ME |
10.9% |
$237,400 |
$214,000 |
| Newark |
NJ |
10.7% |
$393,600 |
$355,400 |
| Phoenix |
AZ |
10.6% |
$172,700 |
$156,100 |
| Hartford |
CT |
10.6% |
$235,400 |
$212,900 |
| New York/N. NewJersey/Long Island |
NY/NJ/CT |
10.3% |
$405,400 |
$367,400 |
| Madison |
WI |
10.2% |
$213,900 |
$194,100 |
| Seattle |
WA |
10.1% |
$303,900 |
$276,100 |
| Wilmington |
DE/NJ/MD |
10.0% |
$194,700 |
$177,000 |
| Pensacola |
FL |
10.0% |
$133,800 |
$121,600 |
| Milwaukee |
WI |
10.0% |
$205,100 |
$186,500 |
| Tallahassee |
FL |
9.7% |
$155,600 |
$141,800 |
| Portland |
OR |
9.6% |
$215,100 |
$196,200 |
| Richmond/Petersburg |
VA |
9.5% |
$174,600 |
$159,400 |
| Middlesex/Somerset/Hunterdon |
NJ |
9.2% |
$364,300 |
$333,600 |
| Charleston |
WV |
9.0% |
$119,700 |
$109,800 |
| Philadelphia |
PA/NJ |
8.9% |
$198,100 |
$181,900 |
| Springfield |
MA |
8.8% |
$170,100 |
$156,400 |
| Boston |
MA |
8.8% |
$398,900 |
$366,600 |
| Spokane |
WA |
8.7% |
$132,400 |
$121,800 |
| Chicago |
IL |
8.6% |
$270,400 |
$249,100 |
| Champaign/Urbana/Rantoul |
IL |
8.6% |
$131,200 |
$120,800 |
| Shreveport |
LA |
8.5% |
$111,600 |
$102,900 |
| Fargo/Moorhead |
ND/MN |
8.5% |
$124,600 |
$114,800 |
| Rochester |
NY |
8.3% |
$114,900 |
$106,100 |
| Atlantic City |
NJ |
8.2% |
$198,500 |
$183,500 |
| Corpus Christi |
TX |
7.8% |
$116,900 |
$108,400 |
| Worcester |
MA |
7.7% |
$283,500 |
$263,200 |
| United States |
|
7.7% |
$188,500 |
$175,000 |
| Topeka |
KS |
7.4% |
$109,700 |
$102,100 |
| Aurora/Elgin |
IL |
7.3% |
$230,400 |
$214,800 |
| Charleston |
SC |
7.0% |
$184,000 |
$172,000 |
| Trenton |
NJ |
6.9% |
$250,400 |
$234,300 |
| Birmingham |
AL |
6.3% |
$147,800 |
$139,000 |
| Rockford |
IL |
5.6% |
$125,200 |
$118,600 |
| Minneapolis/St. Paul |
MN/WI |
5.6% |
$219,800 |
$208,200 |
| Eugene/Springfield |
OR |
5.2% |
$165,900 |
$157,700 |
| Sioux Falls |
SD |
5.1% |
$129,600 |
$123,300 |
| Jackson |
MS |
5.1% |
$121,100 |
$115,200 |
| Baton Rouge |
LA |
5.1% |
$130,800 |
$124,500 |
| New Orleans |
LA |
4.8% |
$143,500 |
$136,900 |
| Lake County |
IL |
4.5% |
$289,700 |
$277,100 |
| Des Moines |
IA |
4.3% |
$144,500 |
$138,500 |
| Chattanooga |
TN/GA |
4.3% |
$125,800 |
$120,600 |
| Springfield |
IL |
4.2% |
$98,300 |
$94,300 |
| Saint Louis |
MO/IL |
4.1% |
$136,000 |
$130,700 |
| Buffalo/Niagara Falls |
NY |
4.0% |
$94,200 |
$90,600 |
| San Antonio |
TX |
3.9% |
$126,500 |
$121,800 |
| Cedar Rapids |
IA |
3.8% |
$129,800 |
$125,100 |
| Biloxi/Gulfport |
MS |
3.7% |
$115,800 |
$111,700 |
| Mobile |
AL |
3.6% |
$130,500 |
$126,000 |
| Boise City |
ID |
3.3% |
$140,100 |
$135,600 |
| Pittsburgh |
PA |
3.1% |
$116,000 |
$112,500 |
| Knoxville |
TN |
3.1% |
$135,000 |
$130,900 |
| Nashville |
TN |
3.0% |
$149,000 |
$144,600 |
| Ft. Wayne |
IN |
3.0% |
$99,700 |
$96,800 |
| South Bend/Mishawaka |
IN |
2.9% |
$98,500 |
$95,700 |
| Kansas City |
MO/KS |
2.8% |
$152,300 |
$148,200 |
| Lincoln |
NE |
2.7% |
$139,600 |
$135,900 |
| Lansing/East Lansing |
MI |
2.7% |
$139,200 |
$135,500 |
| Greensboro/Winston-Salem/HighPoint |
NC |
2.5% |
$143,100 |
$139,600 |
| Tulsa |
OK |
2.3% |
$115,800 |
$113,200 |
| Cincinnati |
OH/KY/IN |
2.3% |
$146,100 |
$142,800 |
| Raleigh/Durham |
NC |
2.2% |
$184,800 |
$180,900 |
| Lexington/Fayette |
KY |
2.1% |
$139,500 |
$136,600 |
| Beaumont/Port Arthur |
TX |
2.0% |
$95,300 |
$93,400 |
| Grand Rapids |
MI |
1.7% |
$133,800 |
$131,600 |
| Memphis |
TN/AR/MS |
1.6% |
$140,000 |
$137,800 |
| Albuquerque |
NM |
1.6% |
$144,500 |
$142,200 |
| Richland/Kennewick/Pasco |
WA |
1.5% |
$150,800 |
$148,600 |
| Omaha |
NE/IA |
1.4% |
$134,100 |
$132,300 |
| Atlanta |
GA |
1.4% |
$159,700 |
$157,500 |
| Gary/Hammond |
IN |
1.3% |
$125,600 |
$124,000 |
| Little Rock |
AR |
1.2% |
$110,900 |
$109,600 |
| Akron |
OH |
1.1% |
$122,900 |
$121,600 |
| Appleton/Oshkosh/Neenah |
WI |
1.0% |
$122,100 |
$120,900 |
| Wichita |
KS |
0.9% |
$106,700 |
$105,700 |
| Amarillo |
TX |
0.9% |
$98,100 |
$97,200 |
| Indianapolis |
IN |
0.7% |
$128,500 |
$127,600 |
| Austin/San Marcos |
TX |
0.4% |
$158,700 |
$158,100 |
| Montgomery |
AL |
0.3% |
$120,600 |
$120,200 |
| Columbus |
OH |
0.1% |
$151,100 |
$151,000 |
| El Paso |
TX |
0.0% |
$95,100 |
$95,100 |
| Green Bay |
WI |
-0.1% |
$144,800 |
$145,000 |
| Greenville/Spartanburg |
SC |
-0.2% |
$132,700 |
$133,000 |
| Dayton/Springfield |
OH |
-0.8% |
$118,500 |
$119,400 |
| Houston |
TX |
-1.2% |
$137,500 |
$139,200 |
| Louisville |
KY/IN |
-1.4% |
$132,500 |
$134,400 |
| Waterloo/Cedar Falls |
IA |
-1.6% |
$96,700 |
$98,300 |
| Dallas |
TX |
-1.6% |
$140,300 |
$142,600 |
| Syracuse |
NY |
-1.9% |
$102,700 |
$104,700 |
| Canton |
OH |
-1.9% |
$119,300 |
$121,600 |
| Toledo |
OH |
-3.0% |
$114,100 |
$117,600 |
| Kalamazoo |
MI |
-3.0% |
$126,800 |
$130,700 |
| Youngstown/Warren |
OH |
N/A |
N/A |
N/A |
| Sarasota |
FL |
N/A |
$270,400 |
N/A |
| Salt Lake City/Ogden |
UT |
N/A |
$161,300 |
N/A |
| Saginaw/Bay City/Midland |
MI |
N/A |
N/A |
N/A |
| Reno |
NV |
N/A |
$299,200 |
N/A |
| Ft. Worth/Arlington |
TX |
N/A |
N/A |
N/A |
| Detroit |
MI |
N/A |
N/A |
N/A |
| Denver |
CO |
N/A |
N/A |
$249,600 |
| Columbia |
SC |
N/A |
N/A |
$129,100 |
| Colorado Springs |
CO |
N/A |
N/A |
N/A |
| Cleveland |
OH |
N/A |
N/A |
N/A |
| Charlotte/Gastonia/RockHill |
NC/SC |
N/A |
N/A |
$161,600 |
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