These 5 US Cities Have the , Fastest-Rising Home Prices.<br />'Newsweek' reports that five cities in the <br />United States saw home prices increase by more <br />than 8% between January 2023 and January 2024.<br />The S&P CoreLogic Case-Shiller National Home Price <br />Index showed that all 20 cities analyzed had year-<br />over-year increases during the same period of time.<br />According to the report, , these are the five cities where , home prices grew the fastest:.<br />Chicago, IL, Home prices increased by 8% <br />year-over-year in the Windy City.<br />According to the latest Redfin data, the median sale price of a house in Chicago was $335,000 as of February 2024, a 6.3% increase compared to the same time last year.<br />Charlotte, NC, Charlotte saw home prices increase <br />by 8.1% year-over-year for 2024, <br />with the median home price at $399,995.<br />Detroit, MI, Motor City saw home prices jump 8.3%. The median sale price of a home was $83,000, a significant 15.3% increase compared to 2023.<br />'Newsweek' reports that while Detroit has some of the cheapest <br />home prices in the nation, its housing market is seeing a <br />resurgence due to a boom in electric vehicle production.<br />'Newsweek' reports that while Detroit has some of the cheapest <br />home prices in the nation, its housing market is seeing a <br />resurgence due to a boom in electric vehicle production.<br />Los Angeles, CA, The city's 8.6% hike ranked as the second-highest <br />price increase in the nation with the median home <br />price at $975,000, a 5.9% increase year-over-year.<br />San Diego, CA, San Diego registered a whopping 11.2% <br />price increase for 2023 with the median sale price <br />sitting at $940,000, a 10% year-over-year increase.
