How much do your city's housing prices rise every day?

In order to give them context, we often speak of housing prices in monthly or quarterly terms. We can see that while the average home costs $450,000 in December, it costs $480,000 by the time April rolls around and get a big picture idea of how the market is changing.

Given how home prices have been rising steadily (or in some cases, skyrocketing) for a while now, that context and perspective can be a little harder to grasp. We’ve gotten so used to seeing prices grow from California to Texas to Illinois that it doesn’t really stand out anymore when a local market’s home values inch up once more. The shock is gone. 

In Seattle, where housing prices have risen 112 percent since 2012 and the median home price now stands just under $820,000, people have become numb to the statistics. Perhaps that’s what spurred Mike Rosenberg, a Seattle Times real estate reporter, to find out how much home prices rise by the minute. He found that, on average, the price of a home in Seattle is going up $1 every five minutes. Maybe that doesn’t sound significant on its own, but when you start to add up all those minutes, that number grows exponentially every day. 

Inspired by Rosenberg’s number-crunching, Neighborhoods.com decided to do some of our own calculations to see what those numbers look like in other markets across the country. We decided to focus our efforts on how much the average home price rises every day in some of the nation’s hottest housing markets. And because we had so much fun doing it last year, we also figured out how many avocado toasts ($7 average cost) you’d have to give up each day to make up for it.

Source: Neighborhoods.com

San Jose

December 2017 Median Price: $1,108,000

March 2018 Median Price: $1,263,500

Price Increase Per Day: $1,728

No. of Avocado Toasts You Need to Give Up in San Jose: 247

 

Denver

December 2017 Median Price: $410,000

March 2018 Median Price: $522,277

Price Increase Per Day: $1,247

No. of Avocado Toasts You Need to Give Up in Denver: 178

 

San Francisco

December 2017 Median Price: $1,500,000

March 2018 Median Price: $1,610,000

Price Increase Per Day: $1,222

No. of Avocado Toasts You Need to Give Up in San Francisco: 175

 

Seattle

December 2017 Median Price: $718,700

March 2018 Median Price: $819,500

Price Increase Per Day: $1,120

No. of Avocado Toasts You Need to Give Up in Seattle: 160

 

Oakland

December 2017 Median Price: $668,000

March 2018 Median Price: $720,000

Price Increase Per Day: $577

No. of Avocado Toasts You Need to Give Up in Oakland: 83

 

Portland

December 2017 Median Price: $400,000

March 2018 Median Price: $440,000

Price Increase Per Day: $444

No. of Avocado Toasts You Need to Give Up in Portland: 63

 

Chicago

December 2017 Median Price: $220,000

March 2018 Median Price: $240,000

Price Increase Per Day: $222

No. of Avocado Toasts You Need to Give Up in Chicago: 32

 

Miami

December 2017 Median Price: $282,000

March 2018 Median Price: $300,000

Price Increase Per Day: $200

No. of Avocado Toasts You Need to Give Up in Miami: 29

 

NYC

December 2017 Median Price: $1,060,000

March 2018 Median Price: $1,077,500

Price Increase Per Day: $194

No. of Avocado Toasts You Need to Give Up in New York City: 28

 

Los Angeles

December 2017 Median Price: $657,000

March 2018 Median Price: $674,000

Price Increase Per Day: $189

No. of Avocado Toasts You Need to Give Up in Los Angeles: 27

 

Las Vegas

December 2017 Median Price: $267,900

March 2018 Median Price: $280,000

Price Increase Per Day: $134

No. of Avocado Toasts You Need to Give Up in Las Vegas: 19

 

San Diego

December 2017 Median Price: $547,000

March 2018 Median Price: $558,500

Price Increase Per Day: $127

No. of Avocado Toasts You Need to Give Up in San Diego: 18

 

Raleigh

December 2017 Median Price: $270,000

March 2018 Median Price: $280,000

Price Increase Per Day: $111

No. of Avocado Toasts You Need to Give Up in Raleigh: 16

 

Washington, DC

December 2017 Median Price: $380,000

March 2018 Median Price: $390,000

Price Increase Per Day: $111

No. of Avocado Toasts You Need to Give Up in Washington, DC: 16

 

Dallas

December 2017 Median Price: $285,000

March 2018 Median Price: $295,000

Price Increase Per Day: $111

No. of Avocado Toasts You Need to Give up in Dallas: 16

 

Boston

December 2017 Median Price: $452,800

March 2018 Median Price: $462,500

Price Increase Per Day: $108

No. of Avocado Toasts You Need to Give Up in Boston: 15

 

Atlanta

December 2017 Median Price: $221,400

March 2018 Median Price: $230,000

Price Increase Per Day: $96

No. of Avocado Toasts You Need to Give Up in Atlanta: 14

 

Phoenix

December 2017 Median Price: $247,000

March 2018 Median Price: $255,000

Price Increase Per Day: $88

No. of Avocado Toasts You Need to Give Up in Phoenix: 13

 

Charlotte

December 2017 Median Price: $235,000

March 2018 Median Price: $237,100

Price Increase Per Day: $23

No. of Avocado Toasts You Need to Give Up in Charlotte: 3

 

Houston

December 2017 Median Price: $230,000

March 2018 Median Price: $232,000

Price Increase Per Day: $22

No. of Avocado Toasts You Need to Give Up in Houston: 3

 

Nashville

December 2017 Median Price: $279,800

March 2018 Median Price: $281,500

Price Increase Per Day: $19

No. of Avocado Toasts You Need to Give Up in Nashville: 3

 

Orlando

December 2017 Median Price: $238,000

March 2018 Median Price: $236,000

Price Increase Per Day: -$22

No. of Avocado Toasts You Need to Give Up in Orlando: -7

 

Austin

December 2017 Median Price: $307,500

March 2018 Median Price: $301,400

Price Increase Per Day: -$67

No. of Avocado Toasts You Need to Give Up in Austin: -10

 

Enjoy all your extra avocado toasts, Orlando and Austin!

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