Looking to buy a home that won’t break the bank? It may be right next door.
The October report from Realtor.com ranking the “Hottest Housing Markets” in the country includes three Ohio communities in the top 20.
Akron came in ninth, Canton-Massillon is 12th and Toledo is 20th. Dayton and Columbus fell out of the top 20 from the previous report.
“Midwest markets, such as the list’s markets in Ohio and Illinois, appeal to today’s buyers because of their affordability in light of today’s still-high home prices and upper 6% mortgage rates,” Hannah Jones, a senior economic research analyst, said in the report.
The report found the average home in Ohio costs $252,000 or less.
The median list price for a home in Akron was $228,000, with properties on the market for 36 days.
The median list price in Canton-Massillon was $252,000, with properties on the market for 33 days.
The median list price in Toledo was $249,000, with properties on the market for 35 days.
Here’s the full list of the hottest housing markets in order of ranking:
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Manchester-Nashua, New Hampshire
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Springfield, Massachusetts
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Hartford-West Hartford-East Hartford, Connecticut
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Concord, New Hampshire, and Rockford, Illinois (tie)
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Worchester, Massachusetts
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Lancaster, Pennsylvania
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Oshkosh-Neenah, Wisconsin
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Akron
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Racine, Wisconsin
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Erie, Pennsylvania
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Canton-Massillon, Ohio
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Providence-Warwick, Rhode Island
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Rochester, New York
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New Haven-Milford, Connecticut
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Boston-Cambridge-Newton, Massachusetts, and Norwich-New London, Connecticut (tie)
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Milwaukee-Waukesha-West Allis, Wisconsin
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Janesville-Beloit, Wisconsin
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Reading, Pennsylvania, and Toledo (tie)
To read the full report, go to: October 2024 Hottest Housing Markets—Realtor.com.
This article originally appeared on The Repository: Akron, Canton-Massillon and Toledo among ‘Hottest Housing Markets’
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