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

By Dennis Norman, on December 9th, 2024

As of November 2024, the real estate market in the metro east area showed strong growth with an increase in median sold prices. According to data exclusively available from MORE, REALTORS®, homes in the metro east update sold for a median price of $206000, a significant 21.18% increase from November 2023 when the median sold price was $170000. This also marks a slight decrease of 0.96% from October 2024, when the median sold price was $208000.

The median list price in the metro east update also saw a significant increase of 20.59% from $170000 in November 2023 to $205000 in November 2024. However, there was a decrease in the number of home sales, with 537 recorded in November 2024 compared to 575 in November 2023.

These numbers indicate a strong seller’s market in the metro east update, with high demand and rising prices. It is important for buyers to act quickly and work with a reputable real estate agent, such as MORE, REALTORS®, to navigate the competitive market.

For homeowners looking to sell, now may be a great time to take advantage of the high demand and rising prices. Contact MORE, REALTORS® for a personalized market analysis and expert guidance on selling your home in the metro east area. With our extensive knowledge and experience, we can help you achieve your real estate goals in this thriving market.

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