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Real Estate Market Updates
Quick snapshots of today’s hottest real estate markets.
Last updated 3/23 from National Association of Realtors. Find active listings below through Sotheby’s.
Chicago, IL
Due to higher mortgage rates and home prices, the monthly mortgage payment is higher by $605.
Now: $1,675 | A Year Earlier: $1,070
On average, homebuyers are around 40 with an income of $103,704. Median property value is $275,409 and 77.9% of recent buyers financed their home purchase.
New York, NY
Due to higher mortgage rates and home prices, the monthly mortgage payment is higher by $1,885.
Now: $5,396 | A Year Earlier: $3,511
On average, homebuyers are around 41 with an income of $121,786. Median property value is $464,347 and 78.2% of recent buyers financed their home purchase.
Washington, D.C.
Due to higher mortgage rates and home prices, the monthly mortgage payment is higher by $1,314.
Now: $3,814 | A Year Earlier: $2,500
On average, homebuyers are around 40 with an income of $133,242. Median property value is $446,990 and 87.4% of recent buyers financed their home purchase.
San Francisco, CA
Due to higher mortgage rates and home prices, the monthly mortgage payment is higher by $2,677.
Now: $7,552 | A Year Earlier: $4,875
On average, homebuyers are around 40 with an income of $199,147. Median property value is $998.903 and 81.7% of recent buyers financed their home purchase.
Denver, CO
Due to higher mortgage rates and home prices, the monthly mortgage payment is higher by $1,163.
Now: $3,183 | A Year Earlier: $2,021
On average, homebuyers are around 39 with an income of $110,209. Median property value is $456,875 and 86.1% of recent buyers financed their home purchase.
Austin, TX
Due to higher mortgage rates and home prices, the monthly mortgage payment is higher by $485.
Now: $1,273 | A Year Earlier: $788
On average, homebuyers are around 39 with an income of $113,631. Median property value is $335,298 and 82.7% of recent buyers financed their home purchase.