Looking for a bargain? Homes in these 10 citiies prices are going down, not up!

Dated: February 2 2024

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10 cities where prices are down - see full articale on Business Insider

10 cities where prices are down

The outlook for buyers is finally improving, especially in cities where home prices are falling. Realtor.com tracks property statistics in the 50 largest real estate markets in the US and found that in January, 10 metropolitan areas saw their median listing price decline from 2023.

Below are those 10 cities with sliding property prices, along with the median home price, year-over-year growth for median home prices nominally and on a per-square-foot basis, the share of homes with reduced prices, and the growth of the share of homes with lower prices.

1. Oklahoma City, Oklahoma

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https://i.insider.com/655542d54ca513d8242a43c9":{"contentType":"image/jpeg","aspectRatioW":4000,"aspectRatioH":3000}}" alt="Oklahoma City, Oklahoma, downtown skyline in the late afternoon." itemprop="contentUrl" style="box-sizing: border-box; border-style: none; vertical-align: middle; height: auto; left: 320px; max-width: none; position: absolute; top: 240px; transform: translate3d(-50%, -50%, 0px); width: 646.391px; opacity: 1; transition: opacity 0.3s linear 0s; z-index: 1; background: none;" />
Oklahoma City, Oklahoma. 
Sean Pavone/Shutterstock

Median home price: $320,000

Median home price growth: -5.7%

Median home price per square foot growth: -0.5%

Price reduced share: 19.5%

Price reduced share growth: 3.4 percentage points

Source: Realtor.com

2. Miami, Florida

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https://i.insider.com/64c9791c048ff200190f708a":{"contentType":"image/jpeg","aspectRatioW":2000,"aspectRatioH":1332}}" alt="Miami Florida" itemprop="contentUrl" style="box-sizing: border-box; border-style: none; vertical-align: middle; height: auto; left: 320px; max-width: none; position: absolute; top: 213.109px; transform: translate3d(-50%, -50%, 0px); width: 646.391px; opacity: 1; transition: opacity 0.3s linear 0s; z-index: 1; background: none;" />
Alexander Spatari/Getty Images

Median home price: $565,000

Median home price growth: -5.1%

Median home price per square foot growth: 1.1%

Price reduced share: 18.2%

Price reduced share growth: 2.6 percentage points

Source: Realtor.com

3. San Jose, California

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https://i.insider.com/6541837b36d588dc55c76d43":{"contentType":"image/jpeg","aspectRatioW":4000,"aspectRatioH":3000}}" alt="San Jose, California, view from downtown to the north and San Jose International Airport at sunset." itemprop="contentUrl" style="box-sizing: border-box; border-style: none; vertical-align: middle; height: auto; left: 320px; max-width: none; position: absolute; top: 240px; transform: translate3d(-50%, -50%, 0px); width: 646.391px; opacity: 1; transition: opacity 0.3s linear 0s; z-index: 1; background: none;" />
San Jose, California, view from downtown to the north and San Jose International Airport at sunset. 
stellamc/Shutterstock

Median home price: $1,288,000

Median home price growth: -4.5%

Median home price per square foot growth: -4.4%

Price reduced share: 5.1%

Price reduced share growth: -4 percentage points

Source: Realtor.com

4. San Francco, California

https://schema.org/ImageObject" style="box-sizing: border-box; display: block; margin: 0px; width: 640px;">
https://i.insider.com/6541837c36d588dc55c76d47":{"contentType":"image/jpeg","aspectRatioW":4000,"aspectRatioH":3000}}" alt="San Francisco, California skyline." itemprop="contentUrl" style="box-sizing: border-box; border-style: none; vertical-align: middle; height: auto; left: 320px; max-width: none; position: absolute; top: 240px; transform: translate3d(-50%, -50%, 0px); width: 646.391px; opacity: 1; transition: opacity 0.3s linear 0s; z-index: 1; background: none;" />
San Francisco, California skyline. 
Sean Pavone/Shutterstock

Median home price: $944,000

Median home price growth: -3.5%

Median home price per square foot growth: -1%

Price reduced share: 7%

Price reduced share growth: -3.7 percentage points

Source: Realtor.com

5. Kansas City, Missouri/Kansas

https://schema.org/ImageObject" style="box-sizing: border-box; display: block; margin: 0px; width: 640px;">
https://i.insider.com/65553ac022cf74a573981f67":{"contentType":"image/jpeg","aspectRatioW":4000,"aspectRatioH":3000}}" alt="Aerial view of Kansas City, Missouri, skyline at dusk, viewed from Penn Valley Park." itemprop="contentUrl" style="box-sizing: border-box; border-style: none; vertical-align: middle; height: auto; left: 320px; max-width: none; position: absolute; top: 240px; transform: translate3d(-50%, -50%, 0px); width: 646.391px; opacity: 1; transition: opacity 0.3s linear 0s; z-index: 1; background: none;" />
Kansas City, Missouri. 
Mihai_Andritoiu/Shutterstock

Median home price: $418,000

Median home price growth: -3.4%

Median home price per square foot growth: -1.2%

Price reduced share: 10.9%

Price reduced share growth: -0.4 percentage points

Source: Realtor.comhttps://creative-p.undertone.com/sparkflow/ac-sm.png'); background-repeat: no-repeat; background-size: cover; display: inline-block; height: 15px; vertical-align: top; width: 17px;">

6. San Antonio, Texas

https://schema.org/ImageObject" style="box-sizing: border-box; display: block; margin: 0px; width: 640px;">
https://i.insider.com/65202ccd9f7ca8b2bbdbe431":{"contentType":"image/jpeg","aspectRatioW":2121,"aspectRatioH":1414}}" alt="San Antonio river walk" itemprop="contentUrl" style="box-sizing: border-box; border-style: none; vertical-align: middle; height: auto; left: 320px; max-width: none; position: absolute; top: 213.328px; transform: translate3d(-50%, -50%, 0px); width: 646.391px; opacity: 1; transition: opacity 0.3s linear 0s; z-index: 1; background: none;" />
The San Antonio river walk. 
Adam Jones/Getty Images

Median home price: $336,000

Median home price growth: -3.3%

Median home price per square foot growth: -0.5%

Price reduced share: 21.5%

Price reduced share growth: -1.5 percentage points

Source: Realtor.com

7. Milwaukee, Wisconsin

https://schema.org/ImageObject" style="box-sizing: border-box; display: block; margin: 0px; width: 640px;">
https://i.insider.com/6567bab7fd6200867dd0c803":{"contentType":"image/jpeg","aspectRatioW":2000,"aspectRatioH":1617}}" alt="Milwaukee, Wisconsin" itemprop="contentUrl" style="box-sizing: border-box; border-style: none; vertical-align: middle; height: auto; left: 320px; max-width: none; position: absolute; top: 258.719px; transform: translate3d(-50%, -50%, 0px); width: 646.391px; opacity: 1; transition: opacity 0.3s linear 0s; z-index: 1; background: none;" />
Murat Taner/Getty Images

Median home price: $342,000

Median home price growth: -2.3%

Median home price per square foot growth: 1%

Price reduced share: 10.2%

Price reduced share growth: -4.1 percentage points

Source: Realtor.com

8. Memphis, Tennessee

https://schema.org/ImageObject" style="box-sizing: border-box; display: block; margin: 0px; width: 640px;">
https://i.insider.com/642af454fb9f05001953dda0":{"contentType":"image/jpeg","aspectRatioW":1000,"aspectRatioH":667}}" alt="Downtown Memphis Tennessee Skyline at Sunset" itemprop="contentUrl" style="box-sizing: border-box; border-style: none; vertical-align: middle; height: auto; left: 320px; max-width: none; position: absolute; top: 213.438px; transform: translate3d(-50%, -50%, 0px); width: 646.391px; opacity: 1; transition: opacity 0.3s linear 0s; z-index: 1; background: none;" />
Memphis, Tennessee. 
Connor D. Ryan/Shutterstock

Median home price: $320,000

Median home price growth: -1.4%

Median home price per square foot growth: 3.5%

Price reduced share: 18.4%

Price reduced share growth: 0.6 percentage points

Source: Realtor.com

9. Raleigh, North Carolina

https://schema.org/ImageObject" style="box-sizing: border-box; display: block; margin: 0px; width: 640px;">
https://i.insider.com/65283b1f6561dd877e79478b":{"contentType":"image/jpeg","aspectRatioW":5472,"aspectRatioH":3078}}" alt="Downtown Raleigh, North Carolina skyline" itemprop="contentUrl" style="box-sizing: border-box; border-style: none; vertical-align: middle; height: auto; left: 320px; max-width: none; position: absolute; top: 180px; transform: translate3d(-50%, -50%, 0px); width: 646.391px; opacity: 1; transition: opacity 0.3s linear 0s; z-index: 1; background: none;" />
Downtown Raleigh, North Carolina skyline. 
Kevin Ruck/Shutterstock

Median home price: $440,000

Median home price growth: -1.3%

Median home price per square foot growth: 5.1%

Price reduced share: 11.6%

Price reduced share growth: -6.5 percentage points

Source: Realtor.com

10. Dallas, Texas

https://schema.org/ImageObject" style="box-sizing: border-box; display: block; margin: 0px; width: 640px;">
https://i.insider.com/658f2f23ec62ab5daf7fb836":{"contentType":"image/jpeg","aspectRatioW":2919,"aspectRatioH":1437}}" alt="Dallas, Texas cityscape with blue sky at sunset, Texas" itemprop="contentUrl" style="box-sizing: border-box; border-style: none; vertical-align: middle; height: auto; left: 320px; max-width: none; position: absolute; top: 157.531px; transform: translate3d(-50%, -50%, 0px); width: 646.391px; opacity: 1; transition: opacity 0.3s linear 0s; z-index: 1; background: none;" />
Dallas, Texas. 
f11photo/Shutterstock

Median home price: $431,000

Median home price growth: -0.7%

Median home price per square foot growth: 1.5%

Price reduced share: 19.3%

Price reduced share growth: -3.4 percentage points

Source: Realtor.com

*Sources: https://www.businessinsider.com/real-estate-housing-market-home-price-outlook-mortgage-rates-supply-2024-2#1-oklahoma-city-oklahoma-1

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Trish and Mindi Realtors

Trish and Mindi have been providing San Diego home-buyers and sellers with professional, responsive and attentive real estate services for over 20 years. With a vast knowledge of real estate, the ever....

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