Metro East Update: Home Prices Continue to Rise in April 2024

By Dennis Norman, on May 15th, 2024

The real estate market in the metro east area is showing no signs of slowing down. According to the latest data from MORE, REALTORS®, homes in the metro east update sold for a median price of $183,711 during April 2024. This represents a 5.58% increase from April 2023, when the median sold price was $174,000.

However, there was a slight decrease of 0.40% compared to March 2024, when the median sold price was $184,450. The median list price also saw a significant increase, rising by 8.79% from $170,000 in April 2023 to $184,950 in April 2024.

The number of home sales in the metro east update also saw a significant increase, with 626 homes sold in April 2024 compared to 510 in April 2023. This represents a 22.75% increase, indicating a strong demand for homes in the area.

As the chart below, available exclusively from MORE, REALTORS®, illustrates, the metro east real estate market continues to be a hot market for both buyers and sellers. With rising home prices and a high number of sales, it’s a great time to be a part of the metro east real estate market.

If you’re considering buying or selling a home in the metro east area, don’t hesitate to contact MORE, REALTORS® for expert guidance and assistance. Our team of experienced real estate agents will help you navigate the market and make the most informed decisions. Stay tuned for more updates on the metro east real estate market.

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