Opendoor analyzed local MLS data and revealed the top ZIP codes for homebuyers in 2024, highlighting areas with a high number of homes going into contract within 90 days. The list shows a trend towards fast-growing cities with new development, particularly suburbs near major metropolitan areas. Texas dominates the top 10 with six cities, driven by strong job growth.
"It's no secret that the past few years, one of the big themes in real estate nationally has been access to homes and areas that are building homes," he says."Areas where there's more homes for sale are just going to continue being popular."To identify the top ZIP codes, the company analyzed data from the local Multiple Listing Services where Opendoor Brokerage operates.
Texas has the most cities on Opendoor's top 10 list — with six in the top 10. Boniakowski says this is a sign that job growth was also a major factor for buyers looking into these particular ZIP codes.ZIP code 77493 or Katy, Texas, ranked as the No. 1 most popular ZIP code for homebuyers. Katy is a western suburb of Houston.
"Katy has had a lot of new development and job growth. Having the diverse housing stock at some relatively affordable price points in addition to job growth is really a contributing factor to it being at the top of the list," Boniakowski says.Houston is home to the third largest number of Fortune 500 companies, after New York and Chicago, and Katy's proximity to the hub gives residents access to a wide range of employers.
HOMESALES REALESTATE HOUSING MARKET SUBURBS TEXAS
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