13 Hottest Housing Markets in the U.S. To Watch Right Now

Whether you're shopping for a home or trying to sell your current home, getting a feel for the market conditions can help you navigate your experience. 

For example, smart homeowners making a move can use market information to get the most out of their houses. Although home prices fell nationally in September, some markets are heating up thanks to a combination of high demand and scarce inventory.

Here are the hottest housing markets in the U.S. right now.

In the Manchester-Nashua market, the median listing price sits at $563,000. And homes fly off the market in a median of 25 days, which is one day longer than the median of this time last year.

The Manchester-Nashua market isn’t the only New Hampshire area heating up. In Concord, homes with a median listing price of $552,000 leave the market in a median of 31 days.

Rockford's median home price is $223,000. The city’s hottest rating has skyrocketed in the last year. Homes are currently on the market for a median of 29 days, two fewer than this time last year.

Springfield, Massachusetts, has seen the market heat up. With a median listing price of $393,000, homes sit on the market for a median of 28 days. That’s three days faster than this time last year.

Other cities in Massachusetts are also seeing a hotter real estate market. For example, Worcester is seeing homes fly off the market in a median of 30 days.

Hartford’s median home price sits at $412,000. The market is heating up fast, with homes sitting on the market for an average of 33 days, which is five days faster than this time last year.

Other hot markets in Connecticut include Norwich and New London. Homes there stay on the market for an average of 39 days.

The picturesque town of Providence is home to a relatively hot real estate market. Homes in the area are listed for an average of $568,000. And once listed, they don’t stick around for too long, with a median market time of 35 days.

Akron boasts a hot real estate market, with a median home price of $230,000. In Akron, houses are flying off the market in a median of 36 days.

But Akron isn’t the only place in eastern Ohio with a steaming real estate market. Canton and Massillon also have hot markets, with homes staying on the market for a median of 32 days.

Racine is home to a fast-paced real estate market, with homes only staying on the market for a median of 36 days. In nearby Milwaukee, homes don’t stay on the market much longer, with a median sales time of 31 days.

In Racine, the median list price is $323,000. That’s significantly less than the median list price of $390,000 in the Milwaukee area.

Erie’s relatively affordable median home price of $240,000 may be one reason for a heating market. Homes stay on the market in this Pennsylvania city for a median of 39 days, which is five days faster than this time last year.

Boston, and nearby Cambridge and Newton, have a median home price of $840,000. In the capital city area of Massachusetts, homes only stay on the market for an average of 31 days.

In Upstate New York, Rochester boasts a hot real estate market, with homes staying on the market for a median of just 38 days. The median list price in this market is $283,000.

Peoria, Illinois homes are listed for a median price of $173,000. In this hot market, houses only stay on the market for a median of 38 days.

With a median list price of $249,000, homes in Toledo only sit on the market for 35 days. As the market heats up in this northern Ohio city, other areas around the state are also heating up. 

For example, homes only sit for a median of 37 days in nearby Columbus.

In terms of larger markets, Kansas City is one of the hottest. Homes in the area sit on the market for a median of 52 days, which is four days faster than this time last year.

For buyers, shopping for a home in a hot market can be nerve-wracking due to the increased competition. But sellers in these markets appreciate the speedy sale. 

As a homeowner on either side of the transaction, you may need to get creative to keep more cash in your wallet during the process.