Cities Where Homes Sell the Fastest: A Closer Look at the Top 5 Markets with Low Days on Market
In this article, we'll delve into the top 5 cities with the lowest days on market, analyzing their median sale prices, homes sold, inventory, and other key metrics. We'll focus on cities like Lake Timberline, Missouri, where the median sale price is $60,000 with homes selling in just 1 day.
For comparison, Grand Cane, Louisiana has a median price of $180,000, with similarly quick sales of 1 day. The data shows a significant price difference between these two cities, with a gap of $120,000.
Median Prices and Days on Market
The table below provides a comprehensive overview of the top 5 cities with the lowest days on market, including their median sale prices and days on market:
| City |
State |
Median Price |
Homes Sold |
Inventory |
Days on Market |
| Lake Timberline |
Missouri |
$60,000 |
1 |
4 |
1 days |
| Grand Cane |
Louisiana |
$180,000 |
1 |
N/A |
1 days |
| Glenwood |
North Carolina |
$70,000 |
1 |
N/A |
1 days |
| Sumas |
Washington |
$325,312 |
1 |
2 |
1 days |
| Silt |
Colorado |
$659,000 |
1 |
11 |
1 days |
Days on Market and Median Sale Prices
Looking at the data, we see that Lake Timberline, Missouri has the lowest median sale price at $60,000, with homes selling in just 1 day. Grand Cane, Louisiana has a higher median price of $180,000, but also sells homes in 1 day. Glenwood, North Carolina has a median price of $70,000, with homes selling in 1 day as well.
On the other hand, cities with higher median prices tend to have longer days on market, such as Silt, Colorado, which has a median price of $659,000 and a days on market of 1 day.
The table below shows the top 5 cities with the longest days on market, including their median sale prices and days on market:
| City |
State |
Median Price |
Homes Sold |
Inventory |
Days on Market |
| Sturgis |
South Dakota |
$369,375,000 |
1 |
2 |
200 days |
| Indian Creek |
Florida |
$79,000,000 |
1 |
N/A |
141 days |
| Jupiter Island |
Florida |
$16,000,000 |
3 |
19 |
103 days |
| Sagaponack |
New York |
$15,500,000 |
1 |
4 |
82 days |
| Sullivan's Island |
South Carolina |
$13,500,000 |
1 |
30 |
5 days |
Conclusion
In conclusion, the data shows that cities with lower median sale prices tend to have shorter days on market, while cities with higher median prices tend to have longer days on market. It's essential to consider these factors when analyzing real estate markets and making informed decisions.
For further insights, be sure to check out our top cities analysis and markets analysis for more information.
