White Oaks in the Bay Area is the most competitive neighborhood of the year for homebuyers, followed by Alger Heights in Grand Rapids, MI and East Arlington in Boston.
Just 12% percent of offers written by Redfin agents on behalf of their homebuying customers nationwide faced a bidding war from January through November 2019, down from 48% in 2018 and 53% in 2017. Although bidding wars have declined on a national level, in the Bay Area, home to half of the 20 most competitive neighborhoods of 2019, it can still be difficult for buyers to win homes. The Boston metro also stands out, with four of the top 20 most competitive neighborhoods, followed by Grand Rapids and Washington D.C., with two apiece. Suburbs of Minneapolis and Seattle (Brooklyn Park and Tacoma) each have one neighborhood on the list.
Housing market stats for the 20 most competitive neighborhoods in the U.S.
Neighborhood | City | Metro area | Compete score | Sale-to-list price ratio | Median days on market | Share of homes sold above list price |
---|---|---|---|---|---|---|
White Oaks | San Carlos, CA | San Jose | 95.5 | 105.9% | 12 | 72.2% |
Alger Heights | Grand Rapids, MI | Grand Rapids | 95.3 | 102.9% | 7 | 66.9% |
East Arlington | Arlington, MA | Boston | 95.1 | 103.6% | 9 | 67.4% |
Glenview | Oakland, CA | San Jose | 95.0 | 125.2% | 14 | 84.7% |
Brattle Station | Arlington, MA | Boston | 94.7 | 103.8% | 8 | 61.2% |
Creston | Grand Rapids, MI | Grand Rapids | 94.5 | 102.0% | 6 | 59.3% |
AU Park/Friendship Heights | Washington, DC | Washington, D.C. | 94.2 | 103.6% | 7 | 57.8% |
Cambridgeport | Cambridge, MA | Boston | 94.1 | 104.6% | 9 | 62.6% |
Upper Rockridge | Oakland, CA | San Jose | 93.8 | 115.0% | 15 | 77.8% |
Mission Dolores | San Francisco, CA | San Jose | 93.6 | 114.3% | 15 | 82.3% |
Bushrod | Oakland, CA | San Jose | 93.6 | 119.4% | 15 | 86.1% |
Berkeley Hills | Berkeley, CA | San Jose | 93.5 | 116.7% | 16 | 84.4% |
Bay Farm Island | Alameda, CA | San Jose | 93.5 | 105.8% | 16 | 75.1% |
Arlington Center | Arlington, MA | Boston | 93.5 | 103.2% | 10 | 59.4% |
Beresford Park | San Mateo, CA | San Jose | 93.3 | 105.3% | 13 | 74.8% |
Piedmont Avenue | Oakland, CA | San Jose | 93.3 | 110.3% | 15 | 74.5% |
Hartkopf | Brooklyn Park, MN | Minneapolis | 93.2 | 102.6% | 10 | 65.1% |
Fairlington | Arlington, VA | Washington, D.C. | 93.0 | 101.8% | 7 | 59.1% |
Northwest Landing | DuPont, WA | Seattle | 92.8 | 101.7% | 4 | 50.5% |
North Los Altos | Los Altos, CA | San Jose | 92.7 | 103.3% | 12 | 60.1% |