New England ousts the south of hottest housing markets

New England ousts the south of hottest housing markets

Both before and during the pandemic, migration patterns showed a preference for affordability and warmer climates. More people moved to Texas and Florida and southern cities like Atlanta, Charlotte and Nashville than to coastal destinations.

But Realtor.com’s 2022 Hottest Zip Codes Report shows a surprising twist: More than half of the most popular zip codes for home buyers are in New England.

The annual report compares how quickly homes in different zip codes sold from January through June 2022 and how many people viewed each listing in that zip code. The survey only includes zip codes with at least 15 active listings per month. In addition, the analysis narrows the field to only the most popular zip code in a metropolitan area so that the list is not dominated by one metropolitan area.

In the top 10 most popular zip codes on the list, homes sold in an average of eight days and received nearly four times more buyer views than a typical listing in the United States. Nine of the top 10 are on the list for the first time in the survey’s eight-year history.

Demand and supply of housing are starting to come into balance

Affordability continues to drive these housing markets, with most buyers seeking from areas outside the zip code of more expensive markets. But rather than leave the state, most buyers look for homes in a more affordable location that still offers the convenience for an occasional commute to an East Coast city.

According to Realtor.com, the median list price for a home in Boston in June was $759,000, $895,000 in New York City and $619,000 in Washington, DC. Buyers from Boston, New York or Washington, DC were among the top five sources of buyer searches in these top 10 markets, according to Realtor.com.

The hottest zip codes of 2022 in order are:

1. 14618 Brighton, NY – Suburban Rochester – June median list price $275,000

2. 03062 Nashua, NH – 47 miles from Boston – June average list price $536,000

3. 43085 Worthington, Ohio – Suburban Columbus – June median list price $467,000

4. 03038 Derry, NH – 42 miles to Boston – June average list price $447,000

5. 04062 Windham, Maine – 113 miles to Boston – June average list price $505,000

6. 18017 Bethlehem, Pa. – 69 miles to Philadelphia – average list price in June $424,000

7. 37604 Johnson City, Tenn. – June median list price $329,000

8. 03106 Hooksett, NH – 59 miles from Boston – June average list price $482,000

9. 02760 North Attleboro, Mass. – 43 miles to Boston – June median list price $587,000

10. 04210 Auburn, Maine – 136 miles to Boston – June average list price $267,000

To see the full report, click here.

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