Metros where homes are selling for the most over asking price
Home sales have slowed considerably in the housing market this year. Stacker analyzed data from Redfin to see which metros had the most homes sold over asking price at the start of November.
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Metros where homes are selling for the most over asking pricePaul Brady Photography // Shutterstock
The Federal Reserve's efforts to curb inflation have pushed interest rates to levels unseen in more than two decades, and the number of homes selling each month has been on the decline for eight straight months now.
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 list price.
Stacker analyzed data from Redfin to see which metros had the most homes sold over asking price. Data shows sales for the week ending 11/06/22. Metros where fewer than 12 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.
In the first week of Nov. 7, 816 homes were sold across the 50 metro areas analyzed for a median sale price of just over $350,000.
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Paul Brady Photography // ShutterstockThe Federal Reserve's efforts to curb inflation have pushed interest rates to levels unseen in more than two decades, and the number of homes selling each month has been on the decline for eight straight months now.
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 list price.
Stacker analyzed data from Redfin to see which metros had the most homes sold over asking price. Data shows sales for the week ending 11/06/22. Metros where fewer than 12 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.
In the first week of Nov. 7, 816 homes were sold across the 50 metro areas analyzed for a median sale price of just over $350,000.
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Metros where homes are selling for the most over asking priceRina Pitucci // Flickr
- Average sale to list ratio: 1.002
- Total homes sold: 146
- Median sale price: $269,500
Rina Pitucci // Flickr- Average sale to list ratio: 1.002
- Total homes sold: 146
- Median sale price: $269,500
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Metros where homes are selling for the most over asking pricespablab // Flickr
- Average sale to list ratio: 1.003
- Total homes sold: 323
- Median sale price: $410,000
spablab // Flickr- Average sale to list ratio: 1.003
- Total homes sold: 323
- Median sale price: $410,000
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Metros where homes are selling for the most over asking priceformulanone // Wikimedia Commons
- Average sale to list ratio: 1.003
- Total homes sold: 26
- Median sale price: $253,000
formulanone // Wikimedia Commons- Average sale to list ratio: 1.003
- Total homes sold: 26
- Median sale price: $253,000
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Metros where homes are selling for the most over asking priceTeemu008 /// Flickr
- Average sale to list ratio: 1.003
- Total homes sold: 43
- Median sale price: $212,000
Teemu008 /// Flickr- Average sale to list ratio: 1.003
- Total homes sold: 43
- Median sale price: $212,000
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Metros where homes are selling for the most over asking priceReal Window Creative // Shutterstock
- Average sale to list ratio: 1.003
- Total homes sold: 164
- Median sale price: $327,450
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Real Window Creative // Shutterstock- Average sale to list ratio: 1.003
- Total homes sold: 164
- Median sale price: $327,450
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Metros where homes are selling for the most over asking priceForevaclevah // Wikimedia Commons
- Average sale to list ratio: 1.003
- Total homes sold: 632
- Median sale price: $450,000
Forevaclevah // Wikimedia Commons- Average sale to list ratio: 1.003
- Total homes sold: 632
- Median sale price: $450,000
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Metros where homes are selling for the most over asking priceBruce Emmerling // Wikicommons
- Average sale to list ratio: 1.003
- Total homes sold: 607
- Median sale price: $335,000
Bruce Emmerling // Wikicommons- Average sale to list ratio: 1.003
- Total homes sold: 607
- Median sale price: $335,000
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Metros where homes are selling for the most over asking priceJonClee86 // Wikicommons
- Average sale to list ratio: 1.004
- Total homes sold: 213
- Median sale price: $300,000
JonClee86 // Wikicommons- Average sale to list ratio: 1.004
- Total homes sold: 213
- Median sale price: $300,000
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Metros where homes are selling for the most over asking priceJoseph Sohm // Shutterstock
- Average sale to list ratio: 1.004
- Total homes sold: 159
- Median sale price: $460,000
Joseph Sohm // Shutterstock- Average sale to list ratio: 1.004
- Total homes sold: 159
- Median sale price: $460,000
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Metros where homes are selling for the most over asking priceSmallbones // Wikimedia Commons
- Average sale to list ratio: 1.004
- Total homes sold: 138
- Median sale price: $229,950
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Smallbones // Wikimedia Commons- Average sale to list ratio: 1.004
- Total homes sold: 138
- Median sale price: $229,950
You may also like: Best lake towns to live in
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Metros where homes are selling for the most over asking pricePixabay
- Average sale to list ratio: 1.005
- Total homes sold: 43
- Median sale price: $250,900
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Metros where homes are selling for the most over asking priceSean Pavone // Shutterstock
- Average sale to list ratio: 1.005
- Total homes sold: 845
- Median sale price: $650,000
Sean Pavone // Shutterstock- Average sale to list ratio: 1.005
- Total homes sold: 845
- Median sale price: $650,000
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Metros where homes are selling for the most over asking priceWangkun Jia // Shutterstock
- Average sale to list ratio: 1.006
- Total homes sold: 166
- Median sale price: $309,113
Wangkun Jia // Shutterstock- Average sale to list ratio: 1.006
- Total homes sold: 166
- Median sale price: $309,113
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Metros where homes are selling for the most over asking priceArtazum // Shutterstock
- Average sale to list ratio: 1.006
- Total homes sold: 25
- Median sale price: $425,000
Artazum // Shutterstock- Average sale to list ratio: 1.006
- Total homes sold: 25
- Median sale price: $425,000
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Metros where homes are selling for the most over asking priceDon Ramey Logan // Wikicommons
- Average sale to list ratio: 1.006
- Total homes sold: 206
- Median sale price: $1,377,500
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Don Ramey Logan // Wikicommons- Average sale to list ratio: 1.006
- Total homes sold: 206
- Median sale price: $1,377,500
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Metros where homes are selling for the most over asking priceAbeEzekowitz // Wikimedia Commons
- Average sale to list ratio: 1.006
- Total homes sold: 48
- Median sale price: $174,965
AbeEzekowitz // Wikimedia Commons- Average sale to list ratio: 1.006
- Total homes sold: 48
- Median sale price: $174,965
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Metros where homes are selling for the most over asking priceMax Pixel
- Average sale to list ratio: 1.007
- Total homes sold: 325
- Median sale price: $292,000
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Metros where homes are selling for the most over asking priceJon Bilous // Shutterstock
- Average sale to list ratio: 1.007
- Total homes sold: 286
- Median sale price: $510,000
Jon Bilous // Shutterstock- Average sale to list ratio: 1.007
- Total homes sold: 286
- Median sale price: $510,000
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Metros where homes are selling for the most over asking priceCreative Commons
- Average sale to list ratio: 1.007
- Total homes sold: 39
- Median sale price: $250,000
Creative Commons- Average sale to list ratio: 1.007
- Total homes sold: 39
- Median sale price: $250,000
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Metros where homes are selling for the most over asking priceRoberto Galan // Shutterstock
- Average sale to list ratio: 1.007
- Total homes sold: 14
- Median sale price: $168,500
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Roberto Galan // Shutterstock- Average sale to list ratio: 1.007
- Total homes sold: 14
- Median sale price: $168,500
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Metros where homes are selling for the most over asking priceJmabel // Wikimedia Commons
- Average sale to list ratio: 1.007
- Total homes sold: 23
- Median sale price: $370,000
Jmabel // Wikimedia Commons- Average sale to list ratio: 1.007
- Total homes sold: 23
- Median sale price: $370,000
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Metros where homes are selling for the most over asking priceAllison J. Hahn // Shutterstock
- Average sale to list ratio: 1.008
- Total homes sold: 39
- Median sale price: $177,700
Allison J. Hahn // Shutterstock- Average sale to list ratio: 1.008
- Total homes sold: 39
- Median sale price: $177,700
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Metros where homes are selling for the most over asking priceJames Kirkikis // Shutterstock
- Average sale to list ratio: 1.008
- Total homes sold: 20
- Median sale price: $257,450
James Kirkikis // Shutterstock- Average sale to list ratio: 1.008
- Total homes sold: 20
- Median sale price: $257,450
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Metros where homes are selling for the most over asking priceWangkun Jia // Shutterstock
- Average sale to list ratio: 1.008
- Total homes sold: 32
- Median sale price: $438,600
Wangkun Jia // Shutterstock- Average sale to list ratio: 1.008
- Total homes sold: 32
- Median sale price: $438,600
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Metros where homes are selling for the most over asking priceNicholas // Wikimedia Commons
- Average sale to list ratio: 1.009
- Total homes sold: 67
- Median sale price: $227,000
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Nicholas // Wikimedia Commons- Average sale to list ratio: 1.009
- Total homes sold: 67
- Median sale price: $227,000
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Metros where homes are selling for the most over asking priceFotosForTheFuture // Shutterstock
- Average sale to list ratio: 1.009
- Total homes sold: 336
- Median sale price: $295,000
FotosForTheFuture // Shutterstock- Average sale to list ratio: 1.009
- Total homes sold: 336
- Median sale price: $295,000
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Metros where homes are selling for the most over asking priceJohn Phelan // Wikimedia
- Average sale to list ratio: 1.009
- Total homes sold: 212
- Median sale price: $396,500
John Phelan // Wikimedia- Average sale to list ratio: 1.009
- Total homes sold: 212
- Median sale price: $396,500
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Metros where homes are selling for the most over asking priceWilliam Silver // Shutterstock
- Average sale to list ratio: 1.010
- Total homes sold: 26
- Median sale price: $308,407
William Silver // Shutterstock- Average sale to list ratio: 1.010
- Total homes sold: 26
- Median sale price: $308,407
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Metros where homes are selling for the most over asking priceDoug Kerr // Wikimedia Commons
- Average sale to list ratio: 1.010
- Total homes sold: 121
- Median sale price: $182,000
Doug Kerr // Wikimedia Commons- Average sale to list ratio: 1.010
- Total homes sold: 121
- Median sale price: $182,000
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Metros where homes are selling for the most over asking priceE Pasqualli // Shutterstock
- Average sale to list ratio: 1.011
- Total homes sold: 14
- Median sale price: $222,000
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E Pasqualli // Shutterstock- Average sale to list ratio: 1.011
- Total homes sold: 14
- Median sale price: $222,000
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Metros where homes are selling for the most over asking priceRyan Stavely // Flickr
- Average sale to list ratio: 1.011
- Total homes sold: 27
- Median sale price: $305,000
Ryan Stavely // Flickr- Average sale to list ratio: 1.011
- Total homes sold: 27
- Median sale price: $305,000
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Metros where homes are selling for the most over asking priceMatt314 // Wikicommons
- Average sale to list ratio: 1.012
- Total homes sold: 73
- Median sale price: $780,000
Matt314 // Wikicommons- Average sale to list ratio: 1.012
- Total homes sold: 73
- Median sale price: $780,000
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Metros where homes are selling for the most over asking priceChris Rand//Wikicommons
- Average sale to list ratio: 1.012
- Total homes sold: 60
- Median sale price: $279,000
Chris Rand//Wikicommons- Average sale to list ratio: 1.012
- Total homes sold: 60
- Median sale price: $279,000
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Metros where homes are selling for the most over asking priceSean Pavone // Shutterstock
- Average sale to list ratio: 1.014
- Total homes sold: 118
- Median sale price: $420,000
Sean Pavone // Shutterstock- Average sale to list ratio: 1.014
- Total homes sold: 118
- Median sale price: $420,000
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Metros where homes are selling for the most over asking priceAmerica's Power // Wikicommons
- Average sale to list ratio: 1.014
- Total homes sold: 41
- Median sale price: $191,500
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America's Power // Wikicommons- Average sale to list ratio: 1.014
- Total homes sold: 41
- Median sale price: $191,500
You may also like: Best places to live in the Midwest
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Metros where homes are selling for the most over asking priceChristopher Boswell // Shutterstock
- Average sale to list ratio: 1.015
- Total homes sold: 72
- Median sale price: $343,300
Christopher Boswell // Shutterstock- Average sale to list ratio: 1.015
- Total homes sold: 72
- Median sale price: $343,300
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Metros where homes are selling for the most over asking priceSundry Photography // Shutterstock
- Average sale to list ratio: 1.015
- Total homes sold: 354
- Median sale price: $950,000
Sundry Photography // Shutterstock- Average sale to list ratio: 1.015
- Total homes sold: 354
- Median sale price: $950,000
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Metros where homes are selling for the most over asking priceMihai_Andritoiu // Shutterstock
- Average sale to list ratio: 1.016
- Total homes sold: 489
- Median sale price: $465,000
Mihai_Andritoiu // Shutterstock- Average sale to list ratio: 1.016
- Total homes sold: 489
- Median sale price: $465,000
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Metros where homes are selling for the most over asking priceJohn Phelan // Wikimedia Commons
- Average sale to list ratio: 1.017
- Total homes sold: 150
- Median sale price: $315,000
John Phelan // Wikimedia Commons- Average sale to list ratio: 1.017
- Total homes sold: 150
- Median sale price: $315,000
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Metros where homes are selling for the most over asking priceSean Pavone // Shutterstock
- Average sale to list ratio: 1.018
- Total homes sold: 37
- Median sale price: $252,000
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Sean Pavone // Shutterstock- Average sale to list ratio: 1.018
- Total homes sold: 37
- Median sale price: $252,000
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Metros where homes are selling for the most over asking priceAlycat // Wikimedia Commons
- Average sale to list ratio: 1.019
- Total homes sold: 92
- Median sale price: $167,450
Alycat // Wikimedia Commons- Average sale to list ratio: 1.019
- Total homes sold: 92
- Median sale price: $167,450
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Metros where homes are selling for the most over asking priceSmallbones // Wikimedia Commons
- Average sale to list ratio: 1.019
- Total homes sold: 118
- Median sale price: $325,000
Smallbones // Wikimedia Commons- Average sale to list ratio: 1.019
- Total homes sold: 118
- Median sale price: $325,000
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Metros where homes are selling for the most over asking priceJohn Phelan // Wikimedia
- Average sale to list ratio: 1.020
- Total homes sold: 308
- Median sale price: $312,406
John Phelan // Wikimedia- Average sale to list ratio: 1.020
- Total homes sold: 308
- Median sale price: $312,406
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Metros where homes are selling for the most over asking priceRoyalbroil // Wikimedia Commons
- Average sale to list ratio: 1.022
- Total homes sold: 52
- Median sale price: $258,700
Royalbroil // Wikimedia Commons- Average sale to list ratio: 1.022
- Total homes sold: 52
- Median sale price: $258,700
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Metros where homes are selling for the most over asking priceCanva
- Average sale to list ratio: 1.022
- Total homes sold: 13
- Median sale price: $369,000
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Canva- Average sale to list ratio: 1.022
- Total homes sold: 13
- Median sale price: $369,000
You may also like: 50 best beach towns to live in
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Metros where homes are selling for the most over asking priceAlbert Pego // Shutterstock
- Average sale to list ratio: 1.026
- Total homes sold: 61
- Median sale price: $415,500
Albert Pego // Shutterstock- Average sale to list ratio: 1.026
- Total homes sold: 61
- Median sale price: $415,500
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Metros where homes are selling for the most over asking priceStephen Zimmermann // Wikimedia Commons
- Average sale to list ratio: 1.032
- Total homes sold: 175
- Median sale price: $250,000
Stephen Zimmermann // Wikimedia Commons- Average sale to list ratio: 1.032
- Total homes sold: 175
- Median sale price: $250,000
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Metros where homes are selling for the most over asking priceUser:OHWiki // Wikimedia Commons
- Average sale to list ratio: 1.057
- Total homes sold: 18
- Median sale price: $154,200
User:OHWiki // Wikimedia Commons- Average sale to list ratio: 1.057
- Total homes sold: 18
- Median sale price: $154,200
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Metros where homes are selling for the most over asking priceAndre Carrotflower // Wikimedia Commons
- Average sale to list ratio: 1.067
- Total homes sold: 18
- Median sale price: $198,000
Andre Carrotflower // Wikimedia Commons- Average sale to list ratio: 1.067
- Total homes sold: 18
- Median sale price: $198,000
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Metros where homes are selling for the most over asking priceTheresa Marconi // Wikimedia Commons
- Average sale to list ratio: 1.088
- Total homes sold: 202
- Median sale price: $206,500
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Theresa Marconi // Wikimedia Commons- Average sale to list ratio: 1.088
- Total homes sold: 202
- Median sale price: $206,500
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