The 60 Strongest Housing Markets to Watch as 2025 Approaches
As we head into 2025, certain housing markets are thriving, showing strong price growth and seller advantages despite national trends.
New York City, Newark, Providence, Hartford, Cleveland, Las Vegas, Buffalo, Chicago
New York City: The housing market is buzzing as we look toward 2025. Nationally, home prices have climbed by about 2.3% over the past year. While that’s a bit slower than the usual growth, some areas are really standing out.
In fact, out of the 200 biggest metro areas, 60 are seeing home prices jump by 4.7% or more each year. That’s pretty impressive! Even though places like Texas and Florida are seeing a bit of a slowdown, many markets in the Northeast and Midwest are still thriving.
Take New York City-Newark, for example, where prices have shot up by 7%. Other cities like Providence and Hartford are also doing well, with increases around 6.7%. Even Cleveland and Las Vegas are holding their own with solid growth.
On the flip side, some Sunbelt cities are feeling the pinch. They’re facing challenges like rising home insurance costs and a lot of new homes hitting the market, which is making it tougher for sellers. It’s a different story in the Northeast and Midwest, where the market is tighter and sellers have the upper hand.
So, will these 60 markets keep their seller-friendly vibes into 2025? Generally, housing trends change slowly. Unless something drastic happens, it looks like sellers will continue to have the advantage in these areas as we move into spring 2025.