Miami: This sunny city saw the biggest price drop. Median listing prices fell a cool 11.7% to $530,000.
San Diego: Californian dreams are a little more attainable now, with a 9.1% decrease in home prices. The median listing price is down to $999,000.
Kansas City: The Midwestern charm of Kansas City is even more attractive with an 8.5% price reduction. Median home price is now $398,050.
These drops are part of a nationwide trend, with the median price of homes for sale decreasing by 1.3%. This means more options and potentially better deals for buyers.
The National Picture
As of September 2024, the median home price in the US is around $438,837, that’s a 4% increase YoY. While prices haven’t dropped everywhere, these specific cities offer promising opportunities for some buyers!
