Workplace flexibility, a by-product of the pandemic, opened the door for many of us to consider relocating to places we otherwise couldn’t. Even with many workers returning to offices over the past year, the cross-market shopping trend is expected to continue. If you’re one of the many who will be looking to move, you’ll want to check out these Realtor.com Top 10 US Markets to watch in 2023.
“These are areas where your housing dollars really stretch further,” says Realtor.com Chief Economist Danielle Hale. “If you’re a seller, it means you can expect buyers. If you’re a buyer, you can expect competition. And if you’re a homeowner, you can expect prices to rise, which gives you more equity in your home.”
Interested in more than the numbers? See which of their top 10 also ranked as a 2023 Best Place to Live!
1. Hartford, Connecticut
- Median home list price Nov. 2022: $372,000
- 2023 projected home price growth: 8.5%
- 2023 projected home sales growth: 6.5%
More than affordable, Hartford also ranks #11 on the US News Best Places to Live for Quality of Life list.
2. El Paso, Texas
- Median home list price Nov. 2022: $290,500
- 2023 projected home price growth: 5.4%
- 2023 projected home sales growth: 8.9%
With Texas ranked as the #1 top growth state on U-Haul’s Annual Growth Index, it’s no surprise that El Paso is high on the list.
3. Louisville, Kentucky
- Median home list price Nov. 2022: $290,000
- 2023 projected home price growth: 8.4%
- 2023 projected home sales growth: 5.2%
Louisville also ranks #8 on Realtor.com’s 2022 cheapest mansions list, making it a desirable option for those buyers craving more space.
4. Worcester, Massachusetts
- Median home list price Nov. 2022: $447,500
- 2023 projected home price growth: 10.6%
- 2023 projected home sales growth: 2.5%
Worcester is less than 50 miles from Boston and considerably more affordable. Perhaps that’s why it also ranks #33 on the 2023 US News Best Places to Retire list.
5. Buffalo, New York
- Median home list price Nov. 2022: $239,000
- 2023 projected home price growth: 6.0%
- 2023 projected home sales growth: 6.3%
Located in Western New York State near the United States border with Canada, Buffalo also ranked #19 on Realtor.com’s Top 10 Cheapest US Cities for Homebuyers.
6. Augusta, Georgia
- Median home list price Nov. 2022: $318,900
- 2023 projected home price growth: 5.7%
- 2023 projected home sales growth: 6.2%
Augusta was ranked #10 on Realtor.com’s Top 10 Cheapest US Cities for Homebuyers. Along with affordability, Augusta has great appeal as a medical, tech, and military hub.
7. Grand Rapids, Michigan
- Median home list price Nov. 2022: $358,000
- 2023 projected home price growth: 10%
- 2023 projected home sales growth: 1.6%
Grand Rapids appears on plenty of sought after real estate lists, including coming in at #18 on the US News Best Places to Live for Quality of Life list.
8. Columbia, South Carolina
- Median home list price Nov. 2022: $300,000
- 2023 projected home price growth: 3.6%
- 2023 projected home sales growth: 7.7%
The capital of South Carolina, Columbia was #9 on Realtor.com’s Top 10 Cheapest US Cities for Homebuyers list.
9. Chattanooga, Tennessee
- Median home list price Nov. 2022: $397,000
- 2023 projected home price growth: 8.2%
- 2023 projected home sales growth: 2.9%
Chattanooga provides a great outdoors lifestyle, helping Tennessee rank as the #6 top growth state on U-Haul’s Annual Growth Index.
10. Toledo, Ohio
- Median home list price Nov. 2022: $161,000
- 2023 projected home price growth: 6.7%
- 2023 projected home sales growth: 4.2%
Toledo also ranked #2 on Zillow’s 10 Best Metros for First Time Home Buyers in 2023.
Any State, Any Home. We’ve got you covered.
No matter where your move may take you, Westwood is licensed in all 50 states and here to help you protect what matters most. As one of the largest personal lines agencies in the US, Westwood works with some of the country’s best insurance companies. That’s an advantage for our customers, who benefit from a wide choice of products and pricing. Get a quote or contact us today.
