The Best Real Estate Markets 2013

Housing Predictor

When considering which real estate markets are the best, it is wise to look at home sales among other aspects as this number often reveals a thriving real estate market. Below is a list of the top 25 real estate markets in America today from the least to the greatest:

Oklahoma City, Oklahoma:

According to trulia.com, the median sales price for homes in Oklahoma City from April 13th to June 13th was $126,000. This represents an increase of 0.8 percent compared to the prior year. The average price per square foot was listed as $83, which is a 6.4 percent increase from the same period last year. Popular neighborhoods in Oklahoma City include Gatewood UCD, Woodland Park, Shepherd Historic District, the Greens, Cleveland UCD and Quail Creek. According to moneyjournal.com, the 2013 real estate market in Oklahoma City is forecasted to grow 4.3 percent.

Omaha, Nebraska:

According to trulia.com, the median sales price for homes in Omaha was $150,000. This is an increase of 5.6 percent compared to the previous year. The price per square foot for Omaha homes increased 13.7 percent from the previous year and is currently averaging $116 per square foot. Moneyjournal.com predicts an increase in the market of 4.5 percent in the year 2013.

El Paso, Texas:

The median home price in El Paso, Texas, increased 8.8 percent compared to the same period the previous year. The average list price for a home in El Paso is $194,499. The moneyjournal.com predicts a 5.3 percent growth in the El Paso’s real estate market in 2013.

Indianapolis, Indiana:

Trulia.com shows an increase of 48.6 percent in median home sales for the Indianapolis area. In addition, an increase of 12.1 percent was noted in cost per square foot. The current price being $65. Popular neighborhoods in which to reside in Indianapolis include Pine Ridge Estates, Irvington and Devington. The moneyjournal.com predicts an increase of 5.6 percent in Indianapolis’ real estate market in 2013.

Casper, Wyoming:

Tulia.com shows the median home sale price for Casper decreased slightly in late July and is currently $296,831. This represents a 1.6 decrease from the previous week. However, violent crime is down in the city, and according to the experts at moneyjournal.com, the Casper real estate market is expected to improve by 5.5 percent in 2013.

Los Angeles, California:

According to trulia.com, the price per square foot of homes in Los Angeles has increased by 32 percent compared to the same period last year and is currently at $371. Median home prices also increased by 37.5 percent. The median home sales price for Los Angeles is $440,000. Moneyjournal.com expects the Los Angles’ real estate market to improve by 5.9 percent in 2013.

Rapid City, South Dakota:

According to moneyjournal.com, Rapid City’s real estate market is expected to improve by 6.0 percent in 2013. However, in recent weeks, the average home price has declined slightly. Nevertheless, the city is still considered a booming real estate market.

Reno, Nevada:

According the trulia.com, the average home price in Nevada rose 31.9 percent compared to the same period last year. The current median sales price for a home in Nevada is $379,000. Popular neighborhoods in Reno include the North Valleys and the Northwest. Moneyjournal.com projects an increase in Reno’s real estate market of 6.2 percent during 2013.

Pittsburg, Pennsylvania:

According to trulia.com, the median home price in Pittsburg, PA, has risen by 5.2 percent or $7,000 compared to the same period a year ago. The number of home sales in the area increased by 11.3 percent. Currently, the average listing price for a home in Pittsburg is $204,851. The most popular neighborhoods in which to reside in Pittsburg are Shadyside and Mount Washington. These neighborhoods have an average home listing price from $330,627 to $485,801. Moneyjournal.com expects the real estate market in Pittsburg to grow by 6.8 percent in 2013.

Dallas, Texas:

The median home price in Dallas Texas is currently $73,300. This represents an increase of 15 percent or $9,575 from the previous year. According to Trulia.com, the most popular neighborhoods to reside in Dallas are Oak Lawn and Preston Hollow. Homes in these neighborhoods are listed from $624,179 to $995,247. The real estate market is projected to increase by 6.8 percent in 2013 according to moneyjournal.com.

Philadelphia, Pennsylvania:

Trulia.com lists the median home sale price in Philadelphia as $149,000. This is an increase of 6.5 percent from the previous year. The average price per square foot for homes in Philadelphia, is $1.31. This is an increase of 391.7 percent from the previous year. Moneyjournal.com predicts Philadelphia’s real estate market will improve by 7.0 percent in 2013.

Bismarck, North Dakota:

The average listing price for homes in Bismarck is $277,745, which is up 0.6 percent from the previous year. Moreover, Bismarck’s real estate market is expected to grow by 7.2 percent in 2013 according to moneyjournal.com.

Las Vegas, Nevada:

The median sales price for homes in Las Vegas increased an amazing 32.3 percent or $38,720 with the sale price averaging $158,720. One popular neighborhood in Las Vegas is Summerlin, which has average home listings ranging from $259,141 to $483,139. In 2013, moneyjournal.com expects Las Vegas’ market to grow by 7.4 percent.

Pleasanton, California:

According to trulia.com, the median home price in Pleasanton is $767,00, which is up 14.7 percent from the same time last year. The average price per square foot in Pleasanton has increased 19.8 percent from the previous year. According to moneyjournal.com, Pleasanton’s real estate market will grow by 7.6 percent in 2013.

Kansas City, Kansas:

The average price per square foot increased by 21.3 percent in Kansas City. Although the median home sales price has decreased slightly of late, moneyjournal.com predicts a growth of 8.1 percent for Kansas City in 2013.

Tucson, Arizona:

Compared to last years sales, the median home sale price, which is currently at $146,000, has increased by 15 percent or $19,000. In addition, an increase of 15.2 percent was noted in regards to the price per square foot. The most popular neighborhoods in which to reside include Sam Hughes and Rita Ranch. Homes in these neighborhoods are selling from between $179,749 and $352,498. Moneyjournal.com projects growth of 8.5 percent in Tucson’s real estate market in 2013.

Tampa, Florida:

The median sale price of homes in Tampa, Florida, which is currently $132,250, reveals an increase of 15.7 percent or $17,910 from the previous year. The experts at moneyjournal.com predict Tampa’s real estate market will grow by 8.7 percent in 2013.

Williston, North Dakota:

Moneyjournal.com forecasts an increase of 8.9 percent in Williston’s real estate market in 2013. The listing price for homes in Williston is $90,000.

San Jose, California:

The median sales price for a home in San Jose increased 34.8 percent or $158,500 from the previous year. The current median home selling price for the area is $606,500. Moneyjournal.com forecasts a 9.2 percent increase in San Jose’s real estate market in 2013.

San Francisco, California:

The median sales price is listed at $851,00 on trulia.com. This number is up 20.7 percent from previous years. In addition, moneyjournal.com predicts of 9.7 percent increase in San Francisco’s real estate market in 2013.

Houston, Texas:

Trulia.com currently lists Houston’s median home sales price at $98,000. The average cost per square foot of a home in Houston increased by 4.2 percent. Moneyjournal.com estimates the Houston’s real estate market will improve by 10.1 percent in 2013.

Orange County, California:

In 2013, Orange County’s real estate market is expected to increase 11.1 percent. Its current median home sales price is $600,000.

Palo Alto, California:

The median sales price for homes in Palo Alto is $1,437,500. This is an increase of 8.5 percent from the previous year. Popular neighborhoods in which to reside include Downtown North and Midtown. Homes in these areas of Palo Alto are listed from $1,497,371 to $1,757,375. Moneyjournal.com predicts a 12.2 percent increase in Palo Alto’s real estate market in 2013.

Phoenix, Arizona:

Moneyjournal.com is predicting an increase of 13.0 percent in 2013 for Phoenix’s real estate market. The median sales price for homes in the area is currently at $150,000, which is an increase of 30.5 percent from previous years.

Miami, Florida:

With the expectation of a 13.4 percent increase in their real estate market, Miami comes in as the leader in all real estate markets according to the experts at moneyjournal.com. The median sales price for homes in Miami is $164,450, which is an increase of 1.5 percent from the previous year.

The above list represents the best real estate markets in 2013.