Home Prices Are Climbing in These Top Cities

Thinking about buying a home or selling your current one to find a better fit? If so, you might be wondering what's going on with home prices these days. Here's the scoop.

The latest national data from Case-Shiller and the Federal Housing Finance Agency (FHFA) shows they’re going up (see graphs below):

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As you can see, home prices were rising for most of 2023. But over the course of December and January, they were virtually flat – which is pretty normal for that time of year.

But here's what you need to know now. As of February, when the spring market kicked off, prices were on the rise again.

Home Prices Are Going Up in Most of America's Top Cities

After seeing a jump in home prices nationally in February, you might be wondering if they’re going up in your area, too. While it depends on where you live, prices are rising in 18 of the top 20 cities Case-Shiller reports on in the monthly price index (see chart below):

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Most experts also think home prices will keep rising and end the year on a high note. Forbes explains why:

“Even as mortgage rates have reached their highest level since November, persistent demand coupled with limited housing supply are key drivers pushing home values upward.”

How This Impacts You

  • For Buyers: If you’re ready, willing, and able to buy a home, purchasing before prices go up even more might be a smart choice, since home values are expected to keep climbing.
  • For Sellers: Prices are going up because there still aren’t enough homes available for sale right now compared to today’s buyer demand. So, if you work with an agent to price your house right, you might receive multiple offers and sell quickly. 

Bottom Line

The data shows home prices are increasing nationally. Let's chat to see exactly what’s going on with prices in our neighborhood.

83 Properties
Page 1 of 7
$625,000
Neighborhood: Warm Mineral Spgs
11
Beds
10
Baths
2,550
Sq.Ft.
1968
Year Built
1
Day on Site
N6133391
MLS
$539,900
Neighborhood: Port Charlotte Sec 071
3
Beds
2
Baths
1,705
Sq.Ft.
2023
Year Built
1
Day on Site
D6136998
MLS
$675,000
Neighborhood: Rotonda West Broadmoor
4
Beds
3
Baths
2,420
Sq.Ft.
2006
Year Built
2
Days on Site
N6129431
MLS
$544,900
Neighborhood: Port Charlotte Sec 072
3
Beds
2
Baths
1,098
Sq.Ft.
2024
Year Built
3
Days on Site
C7494053
MLS
$749,999
Neighborhood: Hrbr Heights
4
Beds
3
Baths
2,629
Sq.Ft.
2002
Year Built
3
Days on Site
C7493333
MLS
$650,000
Neighborhood: Port Charlotte Sec 043
3
Beds
2
Baths
1,559
Sq.Ft.
1971
Year Built
4
Days on Site
C7493878
MLS
$729,500
Neighborhood: Punta Gorda Isles Sec 17
3
Beds
2
Baths
1,767
Sq.Ft.
1980
Year Built
5
Days on Site
C7493872
MLS
$599,900
Neighborhood: Port Charlotte Sec 58
3
Beds
2
Baths
2,085
Sq.Ft.
2024
Year Built
5
Days on Site
C7493823
MLS
Open 6/15
9203 Griggs Rd #304 Englewood,  FL 34224
$825,000
Neighborhood: Grande Preserve On Lemon Bay P
3
Beds
2F11/2
Baths
2,028
Sq.Ft.
2005
Year Built
6
Days on Site
C7492853
MLS
$544,900
Neighborhood: Port Charlotte Sec 072
6
Beds
4
Baths
1,098
Sq.Ft.
2024
Year Built
7
Days on Site
C7493889
MLS
$875,000
Neighborhood: Port Charlotte Sec 049
3
Beds
2
Baths
1,872
Sq.Ft.
1996
Year Built
15
Days on Site
N6133064
MLS
Open 6/15
17926 Grand Prosperity Dr Venice,  FL 34293
$635,000
Neighborhood: Sunstone Village F5 Ph 1A & 1B
3
Beds
2
Baths
2,005
Sq.Ft.
2023
Year Built
16
Days on Site
C7493181
MLS

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