It is important to note that the word “you” means “you”. U.S. housing market might be expensiveHome prices are skyrocketing in certain areas.
This week is a holiday. Realtor.com The study ranked the 30 ZIP codes with the highest median listing price in the US. In these wealthy enclaves the company found that the median price of a listing starts at $6 million.
To afford a home within the 33109 ZIP code, buyers need to earn twice as much. Fisher Island in Miami Beach, Florida has a median listing price of $11,925,000. Realtor.com says that’s over 27 times what the average listing price is. the U.S. median of $439,450 . All 46 listings are over $1,000,000. The average home on the Fisher Island market is 3,835 square foot, and there’s a growing demand, with page views for each listing increasing 4.5 percent.
Although Florida may have taken the top spot in the rankings, California has dominated the Top 10, with Newport Coast (92657), coming in at Number 10. No. 2, Bel Air (90777). Montecito, a favorite of celebrities (93108), is ranked No. Hope Ranch (93110) comes in at No. Beverly Hills (90210) is ranked No. Rancho Santa Fe (92067) is ranked No. Malibu (90265) takes the 10th place.
Page views for California real estate are also down. Newport Coast page views are down 20 percent over the past year. Online viewings of Bel Air homes have dropped 46 percent. Malibu will be affected by wildfires in Los Angeles at the start of 2025.
Bridgehampton New York (11932), the second-most populous ZIP code, comes in at number 3. Water Mill, New York (11976) is at number three. Water Mill, New York (121976) was ranked No. 3 in the Northeast. 8.
Realtor.com notes that “virtually all active listings in these ZIP Codes are million-dollar homes, and the most expensive 1 percent can reach up to $59 million in Bridgehampton, and $61 in Water Mill.”
The company notes that while listings in these exclusive neighborhoods only account for 0.1 percent all properties for sale in the U.S. they show where America’s richest homeowners are concentrated.
Anthony Smith is a senior economist with the National Association of Realtors. Realtor.com, in a joint statement with Travel + Leisure.
The full report is available on realtor.com.
