It's a seller's market, and home prices are booming. The Hill notes that US housing price tags were on an upward climb for decades before COVID, but now that the pandemic is starting to wane, the spike is even more pronounced. Current home prices are coming in at more than 30% of what they were in 2020, and 16% higher as compared to last year. Looking at research data from Zillow, the media outlet determined the 10 American cities where median list prices for homes are the highest—the top five all in the Golden State:
- San Jose, Calif.: $1.4M (median home list price)
- Los Angeles: $998,300
- San Francisco: $978,478
- Ventura, Calif.: $943,967
- San Diego: $921,000
- Stamford, Conn.: $900,000
- Seattle: $782,997
- Boston: $746,000
- Honolulu: $721,667
- New York: $692,333
Retirees, meanwhile, might want to look for homes
here. (More
home prices stories.)