What are the top buyer’s markets in the US? And what are the top seller’s markets in the US?We have done plenty of research in order to give you a list of the 5 top buyer’s markets in the US as well as the 5 top seller’s markets in the US right now.
If you’re considering investing in real estate in any of these cities, the following are numbers and stats that you should take into consideration when planning your investment. If you’re a homebuyer, you should try to avoid purchasing properties in the top seller’s markets and try to focus on the top buyer’s markets.
So, without further ado, here are the top buyer’s and seller’s markets in the US:
Top Buyer’s Markets
These are the 5 top buyer’s markets in the US where real estate properties are selling at a lower price than their listing price.
These housing markets are a good choice for real estate investors who are looking to purchase a property for investment purposes. Real estate properties in these cities have been selling below their listing price, making homes more affordable for purchase, especially for investment purposes.
1. Chicago, Illinois
One of the top buyer’s markets in the US is Chicago, Illinois. With an unemployment rate of 4.7%, and a median sales price for single-family homes of $302,898, homes in Chicago sold for an average of $16,015 below their listing price. Houses typically spent an average of 108 days on the market, and the number of properties listed was 9,683.
Here are Mashvisor’s stats for investment properties in Chicago, Illinois:
- Median Property Price: $372,573
- Traditional Rental Properties Rental Income: $1,916
- Traditional Rental Properties Cap Rate: 2.45%
Short-term and Airbnb rentals in Chicago, Illinois had an average performance, and tied with traditional rentals in most aspects:
- Airbnb Rental Properties Rental Income: $1,695
- Airbnb Rental Properties Cap Rate: 2.06%
Related: The Ultimate Guide to the Airbnb Investment Property
2. Virginia Beach, Virginia
With an unemployment rate of 4%, Virginia Beach makes it to the top buyer’s markets in the US list. The median price for single-family homes in Virginia Beach was $255,737, and the average sales price was $11,959 below the listing price. Houses spent an average of 104 days on the market, and the average number of listed homes was 2,703.
Here are Mashvisor’s stats for investment properties in Virginia Beach, Virginia:
- Median Property Price: $300,853
- Traditional Rental Properties Rental Income: $1,542
- Traditional Rental Properties Cap Rate: 3.64%
Short-term rentals in Virginia Beach had an average performance:
- Airbnb Rental Properties Rental Income: $1,139
- Airbnb Rental Properties Cap Rate: 1.13%
3. Philadelphia, Pennsylvania
Philadelphia, with an unemployment rate of 4.4%, makes it to the list of top buyer’s markets in the US with an average sales price for single-family homes of $272,112. Homes sold for an average of $13,973 below their listing price. Houses spent 115 days on the market on average, and the average number of homes listed was 5,952.
Here are Mashvisor’s stats for investment properties in Philadelphia, Pennsylvania:
- Median Property Price: $246,494
- Traditional Rental Properties Rental Income: $1,346
- Traditional Rental Properties Cap Rate: 3.84%
Following the trend, Airbnb short-term rentals in Philadelphia had a low performance when compared with traditional rentals:
- Airbnb Rental Properties Rental Income: $767
- Airbnb Rental Properties Cap Rate: 1.52%
4. Jacksonville, Florida
Jacksonville, Florida is another city on the list of top buyer’s markets in the US. With a 3.3% unemployment rate, single-family homes sold for $255,144 on average, and the average home sold for $15,229 below its listing price. Houses were listed for an average of 102 days, and the average number of listed homes was 2,085.
Here are Mashvisor’s stats for investment properties in Jacksonville, Florida:
- Median Property Price: $224,887
- Traditional Rental Properties’ Rental Income: $1,169
- Traditional Rental Properties’ Cap Rate: 2.89%
The performance of short-term rentals in Jacksonville, Florida was below average:
- Airbnb Rental Properties Rental Income: $404
- Airbnb Rental Properties Cap Rate: 1.34%
5. Hartford, Connecticut
Hartford, Connecticut is the last city on our list of the top buyer’s markets in the US. With a 4.3% unemployment rate, the median sales price of single-family homes was $277,086, and homes sold for an average of $12,105 below their listing price. Houses were listed on the market for an average of 116 days, and the average number of listed homes was 559.
Here are Mashvisor’s stats for investment properties in Hartford, Connecticut:
- Median Property Price: $166,500
- Traditional Rental Properties Rental Income: $1,185
- Traditional Rental Properties Cap Rate: 4.65%
As for short-term or Airbnb rental properties, the harsh laws and regulations in Hartford, Connecticut have made it impossible to invest in Airbnb short-term rentals:
- Airbnb Rental Properties Rental Income: N/A
- Airbnb Rental Properties Cap Rate: N/A
Top Seller’s Markets
These are the 5 top seller’s markets in the US where real estate properties are selling above their listing price.
For real estate investors looking to purchase properties for investments, these cities are among the worst markets for buyers due to the high property prices that are often higher than the listing price for the property.
Also Read: Is It a Buyer’s Market or a Seller’s Market?
1. San Francisco, California
The San Francisco, California real estate market is one of the top seller’s markets in the US. With a 3% unemployment rate and a median price for single-family homes of $940,221, real estate properties in San Francisco have been selling at an average of $27,702 above their listing price. Houses in San Francisco were listed on the market for an average of 56 days, with an average of 3,086 homes listed.
Here are Mashvisor’s stats for investment properties in San Francisco, California:
- Median Property Price: $1,456,738
- Traditional Rental Properties Rental Income: $4,575
- Traditional Rental Properties Cap Rate: 1.61%
As for short-term or Airbnb rental properties, San Francisco’s laws and regulations have caused the performance of Airbnb rental properties to not be worth the investment:
- Airbnb Rental Properties Rental Income: $467
- Airbnb Rental Properties Cap Rate: -0.2%
2. San Jose, California
San Jose, California is another one of the top seller’s markets in the US. With a 3% unemployment rate, the median sales price of single-family homes in San Jose was $1.3 million, and homes sold for an average of $24,963 above their listing price. Homes were typically listed for sale for an average of 60 days, with the average number of homes listed at 1,314.
Here are Mashvisor’s stats for investment properties in San Jose, California:
- Median Property Price: $1,013,720
- Traditional Rental Properties Rental Income: $3,226
- Traditional Rental Properties Cap Rate: 3.07%
Short-term Airbnb rental properties have also been performing very bad in San Jose, and they are among the worst short-term rentals performances nationwide:
- Airbnb Rental Properties Rental Income: $162
- Airbnb Rental Properties Cap Rate: 0.01%
3. Seattle, Washington
Seattle, Washington has also made it on the list for the top seller’s markets in the US. With a 4% unemployment rate, the median sales price for single-family homes in Seattle was $547,816, which is an average of $5,473 above the listing price of properties. Houses were listed on the market for an average of 64 days, with the average number of homes listed at 4,083.
Here are Mashvisor’s stats for investment properties in Seattle, Washington:
- Median Property Price: $856,435
- Traditional Rental Properties Rental Income: $2,372
- Traditional Rental Properties Cap Rate: 1.97%
Seattle, Washington has been performing relatively well for Airbnb rental properties in comparison to other seller’s markets:
- Airbnb Rental Properties Rental Income: $2,281
- Airbnb Rental Properties Cap Rate: 1.63%
4. Portland, Oregon
Another city on the list of top seller’s markets in the US is Portland, Oregon. With 3.9% unemployment rate, the median single-family home price was $415,046, and the average home sold for $5,473 below its listing price. Houses were typically listed for sale for an average of 74 days, with the average number of homes listed at 3,483.
Here are Mashvisor’s stats for investment properties in Portland, Oregon:
- Median Property Price: $490,674
- Traditional Rental Properties Rental Income: $2,040
- Traditional Rental Properties Cap Rate: 2.03%
Portland, Oregon is another city on this list of top seller’s markets in the US where short-termAirbnb rentals performed relatively well in comparison to traditional rental properties:
- Airbnb Rental Properties Rental Income: $1,237
- Airbnb Rental Properties Cap Rate: 1.36%
Related: How to Buy a Rental Property in a Seller’s Market
5. Dallas, Texas
Dallas, Texas makes it to the top seller’s markets in the US list with a 3% unemployment rate and a median sales price for single-family homes of $448,360. Homes in Dallas sold for an average of $4,187 below their listing price, and houses were listed for an average of 66 days before being sold. The average number of homes listed in Dallas, Texas was 9,834.
Here are Mashvisor’s stats for investment properties in Dallas, Texas:
- Median Property Price: $360,472
- Traditional Rental Properties Rental Income: $1,981
- Traditional Rental Properties Cap Rate: 2.44%
Short-term and Airbnb rentals in Dallas, Texas had an average performance:
- Airbnb Rental Properties Rental Income: $824
- Airbnb Rental Properties Cap Rate: 1.37%
Final Notes
If you’re looking to buy investment properties in any of these areas, along with their stats, data, and analytics, head over to Mashvisor and type in the name of the city that you want to invest in.
Learn: A Step-By-Step Guide to Real Estate Market Analysis
With Mashvisor, you can find the best performing investment properties within each location based on accurate readings and historical data. Find investment properties with readily calculated cap rate and cash on cash return values to know what return on investment to expect before you even start investing in real estate.
Source: Real Estate Market Exclusive: Here are Top Cities to Buy and Sell Homes