Brooklyn Has the Hottest Housing Market within the U.S. Proper Now

• Redfin named Prospect Heights and Clinton Hill in Brooklyn, New York, the most popular neighborhoods within the nation this 12 months.
• The successful neighborhoods skilled a 105 p.c change in year-over-year house gross sales, with a median sale value of $1,397,000.
• Jenison, Michigan, and Campton Hills and St. Charles, Illinois, are second and third, respectively.

Are you dwelling within the hippest, coolest, nay, hottest zip code within the U.S.? It is time to discover out.

Yearly, Redfin releases its checklist of the highest 10 hottest neighborhoods. To determine which of them are on hearth proper now, the corporate identifies the zip codes of the 150 most populous metro areas after which analyzes their year-over-year progress in itemizing views on Redfin.com. It additionally considers every zip code’s Redfin Compete Rating, a “measure of how troublesome it’s to win a house in a selected space based mostly on components together with days in the marketplace, the share of properties that bought above their itemizing costs, and sale-to-list value ratio,” the web site defined. 

This 12 months’s hottest zip code is 11238, which is shared by the Prospect Heights and Clinton Hill neighborhoods in Brooklyn, New York Metropolis.

The zip code gained because of its “combine of recent house buildings and basic previous brownstones,” in addition to its handy subway entry to New York Metropolis. Collectively, the neighborhoods skilled a 105 p.c change in year-over-year house gross sales, with a median sale value of $1,397,000, reflecting a 3.9 p.c year-over-year progress.

“Every time I’ve an inventory in Prospect Heights or Clinton Hill, I count on at the least one name from a critical purchaser abroad,” New York Redfin Premier agent Ian Rubinstein stated within the firm’s report, noting that many consumers pay with money for this space. “Given the costs and the wealth required to purchase into these neighborhoods, purchasers are much less involved about excessive mortgage charges.”

Following intently behind Prospect Heights is Jenison, Michigan, which had 139 p.c extra views year-over-year. 

“Jenison is just quarter-hour to downtown Grand Rapids, the place you may catch a recreation or a present, but it feels virtually rural—there’s a whole lot of inexperienced house to maneuver and develop,” native Redfin Premier agent Christine Kooiker reported. “Taxes are low, land is reasonably priced, and the broader Georgetown Township could be very open to new growth. Each time I drive by, I see a brand new subdivision that’s half completed.”

And rounding out the highest three are Campton Hills and St. Charles, Illinois, which had a powerful 133 p.c progress in views. 

“It seems like virtually each house that hits the market in Campton Hills and St. Charles has a number of presents,” native Redfin Premier agent Cynthia Stolfe added. “Illinois is so flat, however there are some good rolling hills right here. I inform folks it’s like dwelling in a trip city. In summer season, you may go boating, or water snowboarding or kayaking, and there are parks and trails all alongside the river.”

See the complete checklist of hottest zips at redfin.com.