Home prices have been rising since the recession but they really surged this past year.
“Home prices have increased 6.5 percent over the past year from March 2017 to March 2018,” according to a new GOBankingRates study. And in some parts of the U.S., they have shot up even more. In San Jose, California, for example, median list prices rose 23 percent. That means they went up by over $184,000 in absolute dollars.
Here are 15 U.S. cities where the real estate market is especially hot, according to GOBankingRates, which used price data from Zillow. Cities are listed in ascending order of percent change between the median list price in 2017 and 2018.
Median list price in March 2017: $677,000
Median list price in March 2018: $749,000
Absolute dollars change: $72,000
Percent change: 10.6 percent
Median list price in March 2017: $899,900
Median list price in March 2018: $999,950
Absolute dollars change: $100,050
Percent change: 11.1 percent
Median list price in March 2017: $749,000
Median list price in March 2018: $852,500
Absolute dollars change: $103,500
Percent change: 13.8 percent
Median list price in March 2017: $364,900
Median list price in March 2018: $420,000
Absolute dollars change: $55,100
Percent change: 15.1 percent
Median list price in March 2017: $888,000
Median list price in March 2018: $1.02 million
Absolute dollars change: $138,000
Percent change: 15.5 percent
Median list price in March 2017: $269,950
Median list price in March 2018: $315,000
Absolute dollars change: $45,050
Percent change: 16.7 percent
Median list price in March 2017: $619,950
Median list price in March 2018: $725,950
Absolute dollars change: $106,000
Percent change: 17.1 percent
Median list price in March 2017: $225,000
Median list price in March 2018: $264,250
Absolute dollars change: $39,250
Percent change: 17.4 percent
Median list price in March 2017: $435,000
Median list price in March 2018: $520,000
Absolute dollars change: $85,000
Percent change: 19.5 percent
Median list price in March 2017: $209,000
Median list price in March 2018: $249,950
Absolute dollars change: $40,950
Percent change: 19.6 percent
Median list price in March 2017: $182,700
Median list price in March 2018: $219,900
Absolute dollars change: $37,200
Percent change: 20.4 percent
Median list price in March 2017: $799,950
Median list price in March 2018: $984,000
Absolute dollars change: $184,050
Percent change: 23.0 percent
Median list price in March 2017: $169,900
Median list price in March 2018: $210,500
Absolute dollars change: $40,600
Percent change: 23.9 percent
Median list price in March 2017: $1.20 million
Median list price in March 2018: $1.498 million
Absolute dollars change: $298,000
Percent change: 24.8 percent
Median list price in March 2017: $109,500
Median list price in March 2018: $139,888
Absolute dollars change: $30,388
Percent change: 27.8 percent
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