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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 |
| United States |
|
7.7% |
$188,500 |
$175,000 |
| Birmingham |
AL |
6.3% |
$147,800 |
$139,000 |
| Mobile |
AL |
3.6% |
$130,500 |
$126,000 |
| Montgomery |
AL |
0.3% |
$120,600 |
$120,200 |
| Little Rock |
AR |
1.2% |
$110,900 |
$109,600 |
| Phoenix |
AZ |
10.6% |
$172,700 |
$156,100 |
| Tucson |
AZ |
12.6% |
$179,900 |
$159,700 |
| Los Angeles Area |
CA |
24.0% |
$452,400 |
$364,800 |
| Orange County (Anaheim/Santa Ana) |
CA |
26.0% |
$643,600 |
$510,800 |
| Riverside/San Bernardino |
CA |
36.2% |
$311,700 |
$228,900 |
| Sacramento |
CA |
30.5% |
$329,700 |
$252,700 |
| San Diego |
CA |
32.5% |
$578,300 |
$436,500 |
| San Francisco Bay Area |
CA |
14.0% |
$646,300 |
$567,000 |
| Colorado Springs |
CO |
N/A |
N/A |
N/A |
| Denver |
CO |
N/A |
N/A |
$249,600 |
| Hartford |
CT |
10.6% |
$235,400 |
$212,900 |
| New Haven/Meriden |
CT |
13.6% |
$260,500 |
$229,400 |
| Washington |
DC/MD/VA |
22.3% |
$362,400 |
$296,200 |
| Wilmington |
DE/NJ/MD |
10.0% |
$194,700 |
$177,000 |
| Bradenton |
FL |
40.7% |
$248,000 |
$176,300 |
| Daytona Beach |
FL |
21.0% |
$155,600 |
$128,600 |
| Ft.Lauderdale/Hollywood/Pompano Beach |
FL |
23.5% |
$294,700 |
$238,700 |
| Ft. Myers/Cape Coral |
FL |
26.3% |
$194,800 |
$154,200 |
| Gainesville |
FL |
13.6% |
$166,900 |
$146,900 |
| Jacksonville |
FL |
11.7% |
$157,600 |
$141,100 |
| Melbourne/Titusville/PalmBay |
FL |
22.5% |
$165,800 |
$135,300 |
| Miami/Hialeah |
FL |
22.6% |
$290,900 |
$237,300 |
| Ocala |
FL |
18.6% |
$114,900 |
$96,900 |
| Orlando |
FL |
17.2% |
$180,500 |
$154,000 |
| Pensacola |
FL |
10.0% |
$133,800 |
$121,600 |
| Sarasota |
FL |
N/A |
$270,400 |
N/A |
| Tallahassee |
FL |
9.7% |
$155,600 |
$141,800 |
| Tampa/St.Petersburg/Clearwater |
FL |
11.2% |
$167,000 |
$150,200 |
| W. Palm Beach/BocaRaton/Delray Beach |
FL |
29.0% |
$321,500 |
$249,300 |
| Atlanta |
GA |
1.4% |
$159,700 |
$157,500 |
| Honolulu |
HI |
19.5% |
$469,000 |
$392,500 |
| Cedar Rapids |
IA |
3.8% |
$129,800 |
$125,100 |
| Des Moines |
IA |
4.3% |
$144,500 |
$138,500 |
| Waterloo/Cedar Falls |
IA |
-1.6% |
$96,700 |
$98,300 |
| Davenport/Moline/RockIsland |
IA/IL |
15.5% |
$119,500 |
$103,500 |
| Boise City |
ID |
3.3% |
$140,100 |
$135,600 |
| Aurora/Elgin |
IL |
7.3% |
$230,400 |
$214,800 |
| Champaign/Urbana/Rantoul |
IL |
8.6% |
$131,200 |
$120,800 |
| Chicago |
IL |
8.6% |
$270,400 |
$249,100 |
| Lake County |
IL |
4.5% |
$289,700 |
$277,100 |
| Peoria |
IL |
16.0% |
$113,000 |
$97,400 |
| Rockford |
IL |
5.6% |
$125,200 |
$118,600 |
| Springfield |
IL |
4.2% |
$98,300 |
$94,300 |
| Ft. Wayne |
IN |
3.0% |
$99,700 |
$96,800 |
| Gary/Hammond |
IN |
1.3% |
$125,600 |
$124,000 |
| Indianapolis |
IN |
0.7% |
$128,500 |
$127,600 |
| South Bend/Mishawaka |
IN |
2.9% |
$98,500 |
$95,700 |
| Topeka |
KS |
7.4% |
$109,700 |
$102,100 |
| Wichita |
KS |
0.9% |
$106,700 |
$105,700 |
| Lexington/Fayette |
KY |
2.1% |
$139,500 |
$136,600 |
| Louisville |
KY/IN |
-1.4% |
$132,500 |
$134,400 |
| Baton Rouge |
LA |
5.1% |
$130,800 |
$124,500 |
| New Orleans |
LA |
4.8% |
$143,500 |
$136,900 |
| Shreveport |
LA |
8.5% |
$111,600 |
$102,900 |
| Boston |
MA |
8.8% |
$398,900 |
$366,600 |
| Springfield |
MA |
8.8% |
$170,100 |
$156,400 |
| Worcester |
MA |
7.7% |
$283,500 |
$263,200 |
| Baltimore |
MD |
13.6% |
$250,500 |
$220,500 |
| Portland |
ME |
10.9% |
$237,400 |
$214,000 |
| Detroit |
MI |
N/A |
N/A |
N/A |
| Grand Rapids |
MI |
1.7% |
$133,800 |
$131,600 |
| Kalamazoo |
MI |
-3.0% |
$126,800 |
$130,700 |
| Lansing/East Lansing |
MI |
2.7% |
$139,200 |
$135,500 |
| Saginaw/Bay City/Midland |
MI |
N/A |
N/A |
N/A |
| Minneapolis/St. Paul |
MN/WI |
5.6% |
$219,800 |
$208,200 |
| Springfield |
MO |
12.6% |
$110,200 |
$97,900 |
| Saint Louis |
MO/IL |
4.1% |
$136,000 |
$130,700 |
| Kansas City |
MO/KS |
2.8% |
$152,300 |
$148,200 |
| Biloxi/Gulfport |
MS |
3.7% |
$115,800 |
$111,700 |
| Jackson |
MS |
5.1% |
$121,100 |
$115,200 |
| Greensboro/Winston-Salem/HighPoint |
NC |
2.5% |
$143,100 |
$139,600 |
| Raleigh/Durham |
NC |
2.2% |
$184,800 |
$180,900 |
| Charlotte/Gastonia/RockHill |
NC/SC |
N/A |
N/A |
$161,600 |
| Fargo/Moorhead |
ND/MN |
8.5% |
$124,600 |
$114,800 |
| Lincoln |
NE |
2.7% |
$139,600 |
$135,900 |
| Omaha |
NE/IA |
1.4% |
$134,100 |
$132,300 |
| Atlantic City |
NJ |
8.2% |
$198,500 |
$183,500 |
| Bergen/Passaic County |
NJ |
12.6% |
$432,200 |
$383,900 |
| Middlesex/Somerset/Hunterdon |
NJ |
9.2% |
$364,300 |
$333,600 |
| Monmouth/Ocean County |
NJ |
14.7% |
$343,500 |
$299,400 |
| Newark |
NJ |
10.7% |
$393,600 |
$355,400 |
| Trenton |
NJ |
6.9% |
$250,400 |
$234,300 |
| Albuquerque |
NM |
1.6% |
$144,500 |
$142,200 |
| Las Vegas |
NV |
53.7% |
$283,200 |
$184,300 |
| Reno |
NV |
N/A |
$299,200 |
N/A |
| Albany/Schenectady/Troy |
NY |
18.3% |
$174,000 |
$147,100 |
| Buffalo/Niagara Falls |
NY |
4.0% |
$94,200 |
$90,600 |
| Nassau/Suffolk County |
NY |
12.8% |
$422,200 |
$374,400 |
| Rochester |
NY |
8.3% |
$114,900 |
$106,100 |
| Syracuse |
NY |
-1.9% |
$102,700 |
$104,700 |
| New York/N. NewJersey/Long Island |
NY/NJ/CT |
10.3% |
$405,400 |
$367,400 |
| Akron |
OH |
1.1% |
$122,900 |
$121,600 |
| Canton |
OH |
-1.9% |
$119,300 |
$121,600 |
| Cleveland |
OH |
N/A |
N/A |
N/A |
| Columbus |
OH |
0.1% |
$151,100 |
$151,000 |
| Dayton/Springfield |
OH |
-0.8% |
$118,500 |
$119,400 |
| Toledo |
OH |
-3.0% |
$114,100 |
$117,600 |
| Youngstown/Warren |
OH |
N/A |
N/A |
N/A |
| Cincinnati |
OH/KY/IN |
2.3% |
$146,100 |
$142,800 |
| Oklahoma City |
OK |
17.5% |
$125,800 |
$107,100 |
| Tulsa |
OK |
2.3% |
$115,800 |
$113,200 |
| Eugene/Springfield |
OR |
5.2% |
$165,900 |
$157,700 |
| Portland |
OR |
9.6% |
$215,100 |
$196,200 |
| Pittsburgh |
PA |
3.1% |
$116,000 |
$112,500 |
| Philadelphia |
PA/NJ |
8.9% |
$198,100 |
$181,900 |
| Providence |
RI |
17.6% |
$283,900 |
$241,400 |
| Charleston |
SC |
7.0% |
$184,000 |
$172,000 |
| Columbia |
SC |
N/A |
N/A |
$129,100 |
| Greenville/Spartanburg |
SC |
-0.2% |
$132,700 |
$133,000 |
| Sioux Falls |
SD |
5.1% |
$129,600 |
$123,300 |
| Knoxville |
TN |
3.1% |
$135,000 |
$130,900 |
| Nashville |
TN |
3.0% |
$149,000 |
$144,600 |
| Memphis |
TN/AR/MS |
1.6% |
$140,000 |
$137,800 |
| Chattanooga |
TN/GA |
4.3% |
$125,800 |
$120,600 |
| Amarillo |
TX |
0.9% |
$98,100 |
$97,200 |
| Austin/San Marcos |
TX |
0.4% |
$158,700 |
$158,100 |
| Beaumont/Port Arthur |
TX |
2.0% |
$95,300 |
$93,400 |
| Corpus Christi |
TX |
7.8% |
$116,900 |
$108,400 |
| Dallas |
TX |
-1.6% |
$140,300 |
$142,600 |
| El Paso |
TX |
0.0% |
$95,100 |
$95,100 |
| Ft. Worth/Arlington |
TX |
N/A |
N/A |
N/A |
| Houston |
TX |
-1.2% |
$137,500 |
$139,200 |
| San Antonio |
TX |
3.9% |
$126,500 |
$121,800 |
| Salt Lake City/Ogden |
UT |
N/A |
$161,300 |
N/A |
| Norfolk/VirginiaBch/Newport News |
VA |
27.3% |
$182,200 |
$143,100 |
| Richmond/Petersburg |
VA |
9.5% |
$174,600 |
$159,400 |
| Richland/Kennewick/Pasco |
WA |
1.5% |
$150,800 |
$148,600 |
| Seattle |
WA |
10.1% |
$303,900 |
$276,100 |
| Spokane |
WA |
8.7% |
$132,400 |
$121,800 |
| Tacoma |
WA |
12.1% |
$204,600 |
$182,500 |
| Appleton/Oshkosh/Neenah |
WI |
1.0% |
$122,100 |
$120,900 |
| Green Bay |
WI |
-0.1% |
$144,800 |
$145,000 |
| Madison |
WI |
10.2% |
$213,900 |
$194,100 |
| Milwaukee |
WI |
10.0% |
$205,100 |
$186,500 |
| Charleston |
WV |
9.0% |
$119,700 |
$109,800 |
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