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