'For Sale' sign

Housing costs are coming down a bit, largely because interest rates have been on the rise all year, but it’s still a pretty expensive time to purchase a home. If you’re looking to purchase a house, as it turns out, one Pennsylvania city has been ranked among the hottest housing markets in the U.S. The reason it’s so hot, according to the report, is because they are more affordable than many other areas of the country.

Realitor.com has put together a list of the 20 hottest housing markets in America, based on the latest housing report. The study notes that the latest tally of the hottest housing markets are largely also very affordable markets, which is why they are so popular. “Pricey western markets have been replaced with more affordable markets in the Northeast and Midwest, which account for 17 of the 20 hot markets,” the report states. “Overall, 16 of August’s hottest markets had median listing prices below the national median. The average listing price for the 20 hottest markets was $332,000 in August, 23.6% lower than the national median, the biggest gap between the metrics since August 2021. Overall, 13 states were represented on our list of top 20 hottest housing markets in August as buyers spread out to find affordable metro areas.”

They also add that cost wise, prices are finally falling a little bit. “The median national home price for active listings has finally showed signs of slowing, falling to $435,000 in August, up 14.3% year-on-year,” the study states.

The states featured in Realtor.com’s top 20 list this month are Connecticut, Indiana, Massachusetts, Maine, Michigan, North Carolina, New York, New Hampshire, Ohio, Pennsylvania, Rhode Island, Tennessee and Wisconsin. So, which Pennsylvania city made the cut? Read on for the full list of the 12 top hottest housing markets in the U.S., and find the full study here.

  • Top 12 Hottest Housing Markets in the U.S. for August/September 2022

    This list is via Realtor.com.

  • 12. Kingsport-Bristol-Bristol, Tenn.-Va.

    Median Listing Price If Active Within Period: $289,900
    Median Days On Market: 35
    Viewers per Property vs US: 2.7

    Kingsport, TN Real Estate - Kingsport Homes for Sale | realtor.com®

    View 457 homes for sale in Kingsport, TN at a median listing home price of $229,997. See pricing and listing details of Kingsport real estate for sale.

  • 11. Reading, Pa.

    Median Listing Price If Active Within Period: $264,950
    Median Days On Market: 32
    Viewers per Property vs US: 1.8

    Reading, PA Real Estate - Reading Homes for Sale | realtor.com®

    View 603 homes for sale in Reading, PA at a median listing home price of $195,000. See pricing and listing details of Reading real estate for sale.

  • 10. Springfield, Mass.

    Median Listing Price If Active Within Period: $344,900
    Median Days On Market: 33
    Viewers per Property vs US: 1.9

    Springfield, MA Real Estate - Springfield Homes for Sale | realtor.com®

    View 237 homes for sale in Springfield, MA at a median listing home price of $259,900. See pricing and listing details of Springfield real estate for sale.

  • 9. Fort Wayne, Ind.

    Median Listing Price If Active Within Period: $295,000
    Median Days On Market: 29
    Viewers per Property vs US: 1.8

    Fort Wayne, IN Real Estate - Fort Wayne Homes for Sale | realtor.com®

    View 806 homes for sale in Fort Wayne, IN at a median listing home price of $209,900. See pricing and listing details of Fort Wayne real estate for sale.

  • 8. Worcester, Mass.-Conn.

    Median Listing Price If Active Within Period: $449,900
    Median Days On Market: 30
    Viewers per Property vs US: 1.8

    Worcester, MA Real Estate - Worcester Homes for Sale | realtor.com®

    View 238 homes for sale in Worcester, MA at a median listing home price of $399,900. See pricing and listing details of Worcester real estate for sale.

  • 7. Monroe, Mich.

    Median Listing Price If Active Within Period: $245,950
    Median Days On Market: 32
    Viewers per Property vs US: 2.1

    Monroe, MI Real Estate - Monroe Homes for Sale | realtor.com®

    View 254 homes for sale in Monroe, MI at a median listing home price of $174,900. See pricing and listing details of Monroe real estate for sale.

  • 6. Portland-South Portland, Maine

    Median Listing Price If Active Within Period: $550,000
    Median Days On Market: 34
    Viewers per Property vs US: 2.7

    Portland, ME Real Estate - Portland Homes for Sale | realtor.com®

    View 141 homes for sale in Portland, ME at a median listing home price of $549,000. See pricing and listing details of Portland real estate for sale.

  • 5. Burlington, N.C.

    Median Listing Price If Active Within Period: $375,000
    Median Days On Market: 27
    Viewers per Property vs US: 1.8

    Burlington, NC Real Estate - Burlington Homes for Sale | realtor.com®

    View 365 homes for sale in Burlington, NC at a median listing home price of $275,000. See pricing and listing details of Burlington real estate for sale.

  • 4. Springfield, Ohio

    Median Listing Price If Active Within Period: $167,400
    Median Days On Market: 30
    Viewers per Property vs US: 2.2

    Springfield, OH Real Estate - Springfield Homes for Sale | realtor.com®

    View 383 homes for sale in Springfield, OH at a median listing home price of $159,900. See pricing and listing details of Springfield real estate for sale.

  • 3. Rochester, N.Y.

    Median Listing Price If Active Within Period: $225,450
    Median Days On Market: 23
    Viewers per Property vs US: 2.1

    Rochester, NY Real Estate - Rochester Homes for Sale | realtor.com®

    View 566 homes for sale in Rochester, NY at a median listing home price of $150,000. See pricing and listing details of Rochester real estate for sale.

  • 2. La Crosse-Onalaska, Wis.-Minn.

    Median Listing Price If Active Within Period: $349,650
    Median Days On Market: 27
    Viewers per Property vs US: 2.2

    La Crosse, WI Real Estate - La Crosse Homes for Sale | realtor.com®

    View 90 homes for sale in La Crosse, WI at a median listing home price of $233,000. See pricing and listing details of La Crosse real estate for sale.

  • 1. Manchester-Nashua, N.H.

    Median Listing Price If Active Within Period: $483,450
    Median Days On Market: 27
    Viewers per Property vs US: 3.2

    Manchester, NH Real Estate - Manchester Homes for Sale | realtor.com®

    View 180 homes for sale in Manchester, NH at a median listing home price of $370,000. See pricing and listing details of Manchester real estate for sale.