Berkeley tops list of homes sold above asking price

SAN FRANCISCO, Calif. (KRON) – The term “home sweet home” has become more important than ever during the coronavirus pandemic.

With this came immense competition for buyers looking for their new home.

In some cases, homes sold for more than $ 1 million above asking price within days of publication.

Realtor.com has compiled a list of the places where homes are selling the most above asking price as well as the places where homes are selling the most below asking price.

Realtor looked at sales in nearly 1,500 U.S. cities in the first three months of 2021 and compared the final sale price with the last known list price to see where homes were selling above (or below). what the owners were asking for.

Sell ​​above ask:

Tony Franzel for Realtor.com

1. Berkeley, California

Median List Price: $ 1.2 million
Average increase over demand: 19%

There was a house in Berkeley that sold for $ 1 million above demand, after receiving 29 offers.

2. Montclair, New Jersey

Median List Price: $ 829,050
Average increase over demand: 14%

The pandemic has prompted many New York residents to flee their expensive apartments and head for the suburbs.

3. Champagne, Illinois

Median List Price: $ 227,500
Average increase over demand: 13%

“Campaign is ideal for those who want to save money, while still being a short drive from the benefits of big cities,” according to realtor.com

It is also home to the University of Illinois at Urbana Champaign.

4. Clearfield, Utah

Median List Price: $ 389,550
Average increase over demand: 10%

Buyers from places like California and Arizona have fled to buy homes in Utah during the pandemic.

5. Olathe, KS

Median List Price: $ 471,850
Average increase over demand: 10%

This Kansas City suburb is popular with families and young professionals. Benefits include lush greenery, plenty of activities, and popular public schools.

Sell ​​below ask:

Realtor.com

1. North Miami Beach, Florida

Median List Price: $ 850,050
Average request reduction: 7%

Florida has become one of the most popular resettlement destinations during the pandemic, according to realtor.com. However, condos did not have the same appeal as single-family homes.

2. New castle, DE

Median List Price: $ 240,050
Average request reduction: 5%

3. New York, New York State

Median List Price: $ 1.45 million
Average request reduction: 5%

While the New York housing market is on the rise, it has not fully recovered, according to realtor.com.

4. Beverly Hills, California

Median List Price: $ 6.3 million
Average request reduction: 5%

The need for more space during the pandemic has led people to look beyond Beverly Hills.

5. Northbrook, Illinois

Median List Price: $ 627,000
Average request reduction: 4%

Northbrook, located just outside of Chicago, is a well-known suburb. However, since the pandemic, the need to be close to the city is no longer an unavoidable requirement for buyers.

About Martin Aaron

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