Top cities for buying and selling homes in 2027
Whether you plan a big move to a new town, a shorter move across town or are just curious about where your homebuying dollar stretches furthest, see which city markets are budget-friendly. And if you’re selling a home, check out markets where that home might move more quickly than you expect, and why.
When you’re ready to take the next step, Rate’s Same Day Mortgage could help make your homebuying journey fast and stress-free.*
Top buyer-friendly markets
Indianapolis, Indiana
In Indiana’s state capital and largest city, the market is still affordable for first-time and repeat homebuyers. Indy’s relatively low unemployment rate owes its success to industries such as transportation, education and health services, and manufacturing. The median home sale price here is $256,633, and more than 50% of properties sell for less than the asking price, Zillow says.
Atlanta, Georgia
With a median home sale price of $423,333, Atlanta is Georgia's largest city and one of the largest metropolitan regions in the country. It offers potential buyers, particularly first-time homebuyers, a community built around headquarters of some of the world's largest corporations. It is also a hub for major media operations, as well as information technology and film production. More than 60% of homes in Atlanta sell under list price.
Charlotte, North Carolina
As North Carolina's largest city, the median home sale price of $421,667 in Charlotte makes it attractive for first-time and repeat buyers. The city is home to one of the largest banking centers in the nation, as well as home to headquarters of many major corporations. It's also a hub of the country's motorsports industry. Zillow reports that more than 53% of homes in Charlotte sell for under list price.
Jacksonville, Florida
The largest city in Florida, Jacksonville along the state's Atlantic coastline is home to as many as 500 distinct neighborhoods for homebuyers to choose from. As a key port city, Jacksonville supports rail and transportation logistics related to shipping services. The city is also a center for banking and other financial services. Homes here sell for a median price of $286,667, and nearly 60% of homes in Jacksonville sell for less than the asking price, Zillow says.
Oklahoma City, Oklahoma
Oklahoma’s capital and largest city by population, Oklahoma City boasts a particularly affordable cost of living and an expanding job market that includes information technology and health services. The median home sale price here is $226,667, and Zillow reports that nearly 55% of homes sell for less than the asking price.
Top cities for home sellers
Hartford, Connecticut
Homes in Connecticut’s capital sell quickly compared to other markets, and the high demand works in favor of sellers eager to capitalize on the value of their properties. Hartford is home to a number of insurance companies as part of a job market that also includes education and health services. Homes here sell for a median price of $274,833 and stay on the market for a brief 17 days, Zillow’s most recent reports show.
Buffalo, New York
It’s a chilly place in wintertime, but Buffalo’s median home sale price of $261,300 makes it attractive for first-time and repeat buyers. Strong demand and home values up 2.9% from a year ago make Buffalo an improving market for home sellers. More than 73% of homes here sell for more than the asking price, Zillow reports, a positive sign for sellers looking to get the most for their properties.
New York, New York
Home values are up nearly 3% over last year in The Big Apple. It's a place everyone knows or at least is familiar with, built around many industries, particularly banking and finance, media and hospitality. The city's five boroughs offer potential homebuyers a wide variety of neighborhoods and communities to choose from. The median home sale price here is $818,333, and nearly 23% of properties sell for more than the asking price, Zillow says.
Providence, Rhode Island
The smallest state’s capital and largest city offers a competitive housing market in a desirable location. The city boasts a number of hospitals and institutions of higher learning that help to drive the local economy. Homes here sell for a median price of $467,704 and as Zillow reports, nearly 54% of properties sell for more than the asking price.
San Jose, California
Home inventories in this city at the southern edge of the San Francisco Bay are about 27% lower than they were before the pandemic, a good sign for sellers looking to get the most from their properties in a market feeling a housing shortage. San Jose is home to some of the biggest tech companies in the world, with an economy reliant on Silicon Valley and related industries. According to Zillow, homes here sell for a median price of $1,346,167, and more than 56% sell for more than the asking price.
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*Rate’s Same Day Mortgage promotion offers qualified customers who provide certain required financial information/documentation within 24 hours of locking a rate on a mortgage loan the opportunity to receive a loan approval within 1 business day of timely submission of documentation and does not suggest that the borrower will receive funding on the same day as their application submission. For purposes of this offer, documents provided after 1 pm local time or on a weekend or company holiday will be deemed submitted the next business day. Rate cannot guarantee that a loan will be approved or that a closing will occur within a specific timeframe. Not eligible for all loan types or residence types. Self-employed borrowers are not eligible. Borrower's interest rate will depend upon the specific characteristics of borrower's loan transaction, credit profile and other criteria. Not available in all states. Restrictions apply. Visit rate.com/same-day-mortgage for terms and conditions.
