A picture of four red dominos laid flat in the shape of a house, with a dollar sign within the shape.

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52% of Homes Sold Above List Price in April

May 13, 2022

Competition abounds in the real estate market, and buyers are continuing to bid up home prices this spring. Fifty-two percent of homes sold above the list price in April, up from 45% in March and from 42% a year earlier, according to OJO Labs, a real estate technology company.

Homes in April sold for an average of $13,655 above the list price across metro areas, according to the OJO Lab analysis that tracked MLS sold data.

In San Francisco, 82% of homes sold above the list price and at an average of $190,921 higher. Denver had the second-most-competitive metro, with 70% of homes selling above the list price—$33,464 higher.

San Diego, Boston, and Los Angeles all saw 65% of their homes sell above the list price in April.

A list of list prices.

A top 10 list of the least competitive areas for list prices.

 

Source: 
Housing Competition Data in April 2022,” OJO Labs (May 12, 2022)