The Top Housing Markets of 2024, Per Realtor.com

Home affordability has become a big problem in 2023, as buyers have grappled with high mortgage rates, high sales prices, and low inventory. There could be some relief around the corner, according to new data from Realtor.com; the company released its forecasted list of the top housing markets in the country that are "poised to see the strongest combined increase in home sales and listing prices in the coming year."

In other words, they're good places to be working in real estate!

Five of the top ten markets are in California. To conduct the analysis, Realtor.com examined forecasted 2024 existing home sales compared to 2023, forecasted 2024 existing home sales compared to averages in years 2017 through 2019, forecasted 2024 existing home sales median sales price compared to 2023, forecasted 2024 existing home sales median sales price compared to averages in years 2017 through 2019, and combined forecasted 2024 existing home sales and price growth.

The Top Markets for Real Estate in 2024

So where will agents see opportunities to thrive in 2024? Here are the top forecasted markets for next year, according to the real estate data giant.

1. Toledo, Ohio

• November 2023 median home price: $200,000
• Forecasted 2024 home sales change: +14.0%
• Forecasted 2024 home price change: +8.3%
• Forecasted 2024 combined sales and price change: +22.3%

2. Oxnard et al, Calif.

• November 2023 median home price: $1,037,000
• Forecasted 2024 home sales change: +18.0%
• Forecasted 2024 home price change: +3.3%
• Forecasted 2024 combined sales and price change: +21.3%

3. Rochester, NY

• November 2023 median home price: $239,000
• Forecasted 2024 home sales change: +6.2%
• Forecasted 2024 home price change: +10.4%
• Forecasted 2024 combined sales and price change: +16.6%

4. San Diego et al, Calif.

• November 2023 median home price: $995,000
• Forecasted 2024 home sales change: +11.0%
• Forecasted 2024 home price change: +5.4%
• Forecasted 2024 combined sales and price change: +16.3%

5. Riverside, et al Calif.

• November 2023 median home price: $585,000
• Forecasted 2024 home sales change: +13.8%
• Forecasted 2024 home price change: +2.0%
• Forecasted 2024 combined sales and price change: +15.8%

6. Bakersfield, Calif.

• November 2023 median home price: $385,000
• Forecasted 2024 home sales change: +13.4%
• Forecasted 2024 home price change: +2.3%
• Forecasted 2024 combined sales and price change: +15.7%

7. Springfield, Mass.

• November 2023 median home price: $350,000
• Forecasted 2024 home sales change: +10.5%
• Forecasted 2024 home price change: +4.2%
• Forecasted 2024 combined sales and price change: +14.7%

8. Worcester, Mass.-Conn.

• November 2023 median home price: $475,000
• Forecasted 2024 home sales change: +9.1%
• Forecasted 2024 home price change: +4.8%
• Forecasted 2024 combined sales and price change: +13.9%

9. Grand Rapids et al, Mich.

• November 2023 median home price: $390,000
• Forecasted 2024 home sales change: +6.1%
• Forecasted 2024 home price change: +7.2%
• Forecasted 2024 combined sales and price change: +13.3%

10. Los Angeles et al, Calif.

• November 2023 median home price: $1,150,000
• Forecasted 2024 home sales change: +9.2%
• Forecasted 2024 home price change: +3.5%
• Forecasted 2024 combined sales and price change: +12.7

Related reading

• Realtor.com 2024 Housing Forecast: Housing Affordability Finally Begins to Turnaround
• Home Trends: What's In (and Out) for 2024
• What Are 2023's Top Housing Markets?