These 5 US Cities Have the Fastest-Rising Home Prices from index website Watch Video

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✓ Published: 29-Mar-2024

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These 5 US Cities Have the , Fastest-Rising Home Prices.<br/>'Newsweek' reports that five cities in the <br/>United States saw home prices increase by more <br/>than 8% between January 2023 and January 2024.<br/>The S&P CoreLogic Case-Shiller National Home Price <br/>Index showed that all 20 cities analyzed had year-<br/>over-year increases during the same period of time.<br/>According to the report, , these are the five cities where , home prices grew the fastest:.<br/>Chicago, IL, Home prices increased by 8% <br/>year-over-year in the Windy City.<br/>According to the latest Redfin data, the median sale price of a house in Chicago was $335,000 as of February 2024, a 6.3% increase compared to the same time last year.<br/>Charlotte, NC, Charlotte saw home prices increase <br/>by 8.1% year-over-year for 2024, <br/>with the median home price at $399,995.<br/>Detroit, MI, Motor City saw home prices jump 8.3%. The median sale price of a home was $83,000, a significant 15.3% increase compared to 2023.<br/>'Newsweek' reports that while Detroit has some of the cheapest <br/>home prices in the nation, its housing market is seeing a <br/>resurgence due to a boom in electric vehicle production.<br/>'Newsweek' reports that while Detroit has some of the cheapest <br/>home prices in the nation, its housing market is seeing a <br/>resurgence due to a boom in electric vehicle production.<br/>Los Angeles, CA, The city's 8.6% hike ranked as the second-highest <br/>price increase in the nation with the median home <br/>price at $975,000, a 5.9% increase year-over-year.<br/>San Diego, CA, San Diego registered a whopping 11.2% <br/>price increase for 2023 with the median sale price <br/>sitting at $940,000, a 10% year-over-year increase.