The 10 hottest U.S. neighborhoods in 2019 are on the costly coasts, with a median sale price of more than $1,000,000, or close to it.
Based on Redfin agent insights and data, the annual report shows which areas are seeing growing homebuyer interest. Despite recent slowdowns, the hottest 'hoods were located in Seattle, Washington, D.C., and coastal California, away from urban cores, but not too far from job centers. Six of the top 10 neighborhoods were in California, with Merriewood in Oakland ranked highest, 2nd; Seattle had three neighborhoods, with Bellevue taking the top spot, and D.C.'s AU Park and Chevy Chase ranked at 4th and 8th, respectively.
Although the hottest neighborhoods are all either on the West Coast or the East Coast, the list is more geographically diverse than it was last year. We released last year’s report in January 2018, and at that time nine of the 10 hottest neighborhoods were in the San Jose metro area—and the other one was in San Francisco. This year, just three of the neighborhoods are in the Bay Area, with two in Oakland, which has a median sale price of $718,613. That’s well above the national median, but significantly lower than the $1,085,000 median in San Jose.
Advertisement
Related Stories
New-Home Sales
Mortgage Rates Are Up but New-Home Sales Still Solid in March
Lack of existing home inventory drove a rise in new-home sales, despite higher interest rates in March
Labor + Trade Relations
Who's Earning What in Construction
Workers in construction management roles may earn a higher median wage, but on average, lower-paid occupations have experienced somewhat faster wage growth
Build to Rent
Build-to-Rent Is Booming, Particularly in These Metros
A recent report finds that the Phoenix metro leads with more than 4,000 build-to-rent units completed in 2023, and Texas is the leading state for build-to-rent development