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Metros where homes are selling for the most over asking price

The Federal Reserve’s efforts to curb inflation have pushed interest rates to levels unseen in more than two decades, and the number of home sales has been on the decline since its pandemic peak.

But homes are still selling, even if slowly. And they’re still increasing in price, even if that increase has been slowed just a bit too. In fact, some are still selling for slightly more than the list price. Because of the market change, only 22 metros have homes selling at or over asking.

Stacker analyzed data from Redfin to see which metros had the most homes sold over asking price. Data shows sales for the month of February 2023. Metros where fewer than 300 homes were sold were excluded from this list, and the metros are ranked based on the average sale-to-list ratio. This is a mean ratio of the home sale price divided by the list price. Values were rounded to the nearest hundredth of a percent.

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Smallbones // Wikimedia Commons

#22. Montgomery County, PA metro area

– Average sale to list ratio: 1.00
– Median list price: $440,000
– Median sale price: $399,900
– Total homes sold: 1,035

Andrew Bossi // Wikimedia

#21. Washington, DC metro area

– Average sale to list ratio: 1.00
– Median list price: $549,970
– Median sale price: $505,000
– Total homes sold: 3,473

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#20. Boston, MA metro area

– Average sale to list ratio: 1.00
– Median list price: $699,000
– Median sale price: $594,183
– Total homes sold: 1,782

Smallbones // Wikimedia Commons

#19. York, PA metro area

– Average sale to list ratio: 1.00
– Median list price: $264,500
– Median sale price: $235,000
– Total homes sold: 344

Stephen Zimmermann // Wikimedia Commons

#18. Buffalo, NY metro area

– Average sale to list ratio: 1.00
– Median list price: $199,950
– Median sale price: $191,000
– Total homes sold: 535

JonClee86 // Wikicommons

#17. Omaha, NE metro area

– Average sale to list ratio: 1.00
– Median list price: $300,000
– Median sale price: $275,000
– Total homes sold: 713

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#16. Providence, RI metro area

– Average sale to list ratio: 1.00
– Median list price: $425,000
– Median sale price: $401,000
– Total homes sold: 807

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#15. Albany, NY metro area

– Average sale to list ratio: 1.00
– Median list price: $265,000
– Median sale price: $260,500
– Total homes sold: 437

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#14. Grand Rapids, MI metro area

– Average sale to list ratio: 1.00
– Median list price: $299,900
– Median sale price: $285,750
– Total homes sold: 688

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#13. Virginia Beach, VA metro area

– Average sale to list ratio: 1.00
– Median list price: $325,000
– Median sale price: $310,000
– Total homes sold: 1,788

Canva

#12. Newark, NJ metro area

– Average sale to list ratio: 1.00
– Median list price: $499,000
– Median sale price: $450,000
– Total homes sold: 1,125

en:User:Paul.h // Wikimedia

#11. San Francisco, CA metro area

– Average sale to list ratio: 1.00
– Median list price: $1,436,000
– Median sale price: $1,420,000
– Total homes sold: 497

Adam Moss // Wikimedia Commons

#10. Camden, NJ metro area

– Average sale to list ratio: 1.00
– Median list price: $299,900
– Median sale price: $295,000
– Total homes sold: 858

Paul Brady Photography // Shutterstock

#9. Madison, WI metro area

– Average sale to list ratio: 1.00
– Median list price: $394,900
– Median sale price: $359,900
– Total homes sold: 369

John Phelan // Wikimedia

#8. Worcester, MA metro area

– Average sale to list ratio: 1.00
– Median list price: $389,900
– Median sale price: $380,000
– Total homes sold: 475

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#7. Frederick, MD metro area

– Average sale to list ratio: 1.00
– Median list price: $515,895
– Median sale price: $503,705
– Total homes sold: 866

Ron Cogswell//Wikicommons

#6. Richmond, VA metro area

– Average sale to list ratio: 1.00
– Median list price: $354,950
– Median sale price: $351,225
– Total homes sold: 1,107

Don Ramey Logan // Wikicommons

#5. San Jose, CA metro area

– Average sale to list ratio: 1.01
– Median list price: $1,400,000
– Median sale price: $1,250,000
– Total homes sold: 593

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#4. Portland, ME metro area

– Average sale to list ratio: 1.01
– Median list price: $498,950
– Median sale price: $445,250
– Total homes sold: 310

John Phelan // Wikimedia

#3. Hartford, CT metro area

– Average sale to list ratio: 1.01
– Median list price: $299,900
– Median sale price: $290,000
– Total homes sold: 697

BayAreaMetro // Wikimedia Commons

#2. Oakland, CA metro area

– Average sale to list ratio: 1.02
– Median list price: $874,450
– Median sale price: $815,500
– Total homes sold: 1,118

Theresa Marconi // Wikimedia Commons

#1. Rochester, NY metro area

– Average sale to list ratio: 1.04
– Median list price: $179,900
– Median sale price: $180,200
– Total homes sold: 458