Illinois, Wisconsin Towns Named Hottest Real Estate Markets

Overall the real estate market sucks but it's going comparatively well for a few Midwest markets.

For July, Realtor.com highlighted the hottest real estate markets in America and one Wisconsin town topped the list for the first time. An Illinois town also found itself on the list.

If there's any encouraging nugget for us, there are 10 Midwest regions on the hottest real estate markets list for July 2024. So maybe it will get better in our neck of the woods? Soon? Maybe?

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How They Determined This

Realtor.com looked at two factors to determine the hottest real estate markets for July:

market demand (unique views per property on realtor.com)
the pace of the market (measured by how many days a property is listed on realtor.com)

Coming in at number 1 for the latest market read is Oshkosh-Neenah, Wisconsin. It's the first time they've been on top of the list. They had about 3.7 viewers per property, with a median 18 days for a house to be listed on the website as active. The average home price there is $374,000.

Meanwhile, in 4th place, we have Rockford, Illinois. Rockford had 3.3 viewers per property and houses spent a median 24 days on the website. The average price for a home there is $216,000.

The Janesville-Beloit area is also on the list, at number 9, and so is Green Bay at 18th. Springfield and Peoria are on the list (numbers 12 and 16, respectively). Other Midwestern areas ranked in the hottest real estate markets are:

Akron, Ohio (5th)
Monroe, Michigan (6th)
Canton-Massillion, Ohio (11th)
Cleveland-Elyria, Ohio (20th)

There might be a bit of good news. Compared to a year ago, about 47% more homes are being priced in a more "affordable" range, ranging from $200,000 to $350,000.