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