Home prices are surging in most of the country, but in a few select cities home shoppers may find affordability headed slightly in their favor. GOBankingRates analyzed the 250 largest U.S. cities by population to determine where home prices are dropping the most. Nine major cities saw prices drop by $5,000 or more year over year.
1. Sugar Land, Texas
- April 2016 median list price: $415,495
- April 2017 median list price: $399,500
- Year-over-year change in median listing price: –$15,995
2. Miami
- April 2016 median list price: $450,000
- April 2017 median list price: $435,000
- Year-over-year change in median listing price: –$15,000
3. McAllen, Texas
- April 2016 median list price: $220,000
- April 2017 median list price: $205,000
- Year-over-year change in median listing price: –$15,000
4. Houston
- April 2016 median list price: $329,900
- April 2017 median list price: $319,000
- Year-over-year change in median listing price: –$10,900
5. Anchorage, Alaska
- April 2016 median list price: $324,600
- April 2017 median list price: $314,900
- Year-over-year change in median listing price: –$9,700
6. Round Rock, Texas
- April 2016 median list price: $315,000
- April 2017 median list price: $309,900
- Year-over-year change in median listing price: –$5,100
7. Montgomery, Ala.
- April 2016 median list price: $124,900
- April 2017 median list price: $119,900
- Year-over-year change in median listing price: –$5,000
8. Columbus, Ga.
- April 2016 median list price: $120,000
- April 2017 median list price: $115,000
- Year-over-year change in median listing price: –$5,000
9. Newark, Del.
- April 2016 median list price: $220,000
- April 2017 median list price: $215,000
- Year-over-year change in median listing price: –$5,000
Source: “Major Cities Where Home Prices Are Plummeting,” GOBankingRates.com (June 20, 2017)
