America’s most desirable cities where house prices are set to plummet

By James On Oct 12, 2024

Prospective homeowners can rejoice as a new survey has revealed the most desirable cities where property prices continue to fall.

New data suggests a more buyer-friendly real estate market may be on the horizon, as average list prices have fallen by about 10 percent in several cities.

Realtor.com economist Joel Berner noted: ‘The average price of homes for sale in September fell 1 percent compared to last year, to $425,000.

However, the average price per square meter grew by 2.3 percent, indicating that the stock of “smaller and more affordable housing continues to grow in share.”

Here are the top 10 states that cut rates the most:

1. Miami, Florida

With a media list price of $525,000, Miami is one of the cheapest states to buy a home.

Considering that the city saw a surprising price drop of 12.4 percent year on year, and it is expected to be even more.

With a media list price of $525,000, Miami is one of the cheapest states to buy a home

Florida was also recently named the “most fun” state in the country with its large number of restaurants, amusement parks, arcades and music festivals.

2. Cincinnati, Ohio

Cincinnati has long been one of America’s favorite cities for its vibrant and walkable downtown and thriving sports and entertainment scene.

With an average price of $337,000 and a decline of 9.5 percent, Cincinnati has become even more ideal for young buyers

With a median price of $337,000 and a decline of 9.5 percent year over year, this Ohio city has become even more ideal for young buyers.

3. San Francisco, California

In addition to having near-perfect weather year-round, San Francisco also boasts a range of properties priced at an average price of $997,500 – an 8.9 percent drop from last year.

In addition to having near-perfect weather year-round, San Francisco also boasts a range of properties priced at a median of $997,500 – down 8.9 percent from last year

The city is an ideal place for those who enjoy a varied culture, beautiful walks in the area and plenty of employment opportunities.

4.Kansas City, Missouri

In addition to a thriving arts and culture scene, with many museums, galleries and theaters, Kansas City also has a median home price of $389,500.

Additionally, the city features ample living options, including senior housing, luxury apartments, and studio to 3-bedroom floor plans, giving buyers a wide range of options.

5. Austin, Texas

In recent times, Austin has become a hot spot for tech jobs and a favorite among those who work from home due to its low cost of living.

For a median price of $520,000, buyers in Austin have the opportunity to live in expansive homes and enjoy a warm climate and mild winters year-round

With a median home price of $520,000, buyers in Austin have the opportunity to live in expansive homes and enjoy a warm climate and mild winters year-round.

6.Jacksonville, Florida

This Florida city has a great job market with almost no job market competition, no income taxes, and a strong sense of community.

With a median price of $399,000 and a decline of 6.1 percent, Jacksonville is an ideal city for those looking to raise a family by the beach.

With a median home price of $399,000 and a decline of 6.1 percent from the previous year, Jacksonville is an ideal city for those looking to raise a family by the beach.

7. Denver, CO

Although the cost of living in Denver is high by some standards, food and utility prices are below the national average.

Combined with an average list price of $610,250, the city is the best option for people who want to live in a scenic area with multiple options for outdoor activities.

8. Orlando, Florida

Orlando is widely known as home to more than a dozen theme parks, most notably Disneyworld and Universal Studios.

With a median price of $429,950, Orlando homeowners have the opportunity to live in luxury in this sunny city

The city ranked 14th in quality of life in the survey and is one of the most visited cities in Florida.

With a median home price of $429,950, Orlando homeowners have the opportunity to live in luxury in this sunny city.

9.Tampa, FL

Combined with the city’s low cost of living and tropical weather, Tampa has long been a favorite location, especially for military families, as the average price is $414,948 – down 5.5 percent from last year

Located along Florida’s Gulf Coast, Tampa is known as the state’s premier business center and ranks first in quality of life.

10. Nashville, Tenn

With a median home price of $547,865 and a decline of 5.4 percent, homeowners in this city can enjoy a vibrant arts and cultural community, a rich history and heritage, and no income taxes.

Nashville is widely known as the home of country music and some of the best Southern culture.

With a median home price of $547,865 and a decline of 5.4 percent from last year, homeowners in this city can enjoy a vibrant arts and cultural community, a rich history and heritage, and no income taxes to boot.