Opendoor identifies the hottest ZIP codes for homebuyers in 2024, revealing a trend towards suburban living with access to major cities. Texas dominates the list, fueled by job growth and affordability.
The past few years have seen a significant trend in real estate : the increasing demand for homes in accessible areas and developing communities. Opendoor, a leading real estate brokerage, analyzed data from local Multiple Listing Services (MLS) where it operates to identify the top ZIP codes for homebuyers in 2024. The ranking was based on the number of homes that went under contract within 90 days of being listed for sale.
The analysis revealed that the most popular areas are characterized by rapid growth, ample new construction, and a desire to be near major cities without being in the city center. Buyers are seeking a balance between proximity to urban amenities and the charm of smaller cities or suburbs. Texas dominates the list with six cities featured in the top ten, indicating the state's robust job growth as a key factor attracting homebuyers.Topping the list is ZIP code 77493, which corresponds to Katy, Texas. This western suburb of Houston benefits from its affordability compared to other areas close to major metropolitan centers, alongside significant new development and job growth. Katy's proximity to Houston, home to the third-largest concentration of Fortune 500 companies after New York and Chicago, provides residents with access to a diverse range of employers, including major corporations like ExxonMobil and Hewlett Packard Enterprise Company. Cypress, Texas (ZIP code 77433), secured the second position on the list. Similar to Katy, Cypress enjoys the advantages of housing inventory, job growth, and proximity to Houston.
HOMES REAL ESTATE TEXAS SUBURBAN LIVING JOB GROWTH
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