For the first time in several years, housing prices nationwide are actually dropping. For the most part, these decreases in cost aren’t dramatic, but the best deals can be found in some of the housing markets that saw explosive growth at the beginning of the pandemic—especially in the southern and western parts of the country.
Here are the 10 cities where home prices have dropped the most.
U.S. cities with the best housing deals this summer
According to a new report from the data team at Realtor.com, these are the 10 U.S. cities with the best housing deals during the summer of 2023:
1. Boise, ID
Median listing price: $609,875
Median listing price per square foot: $282
Change in year-over-year price per square foot: -7.8%
2. Austin, TX
Median listing price: $583,751
Median listing price per square foot: $276
Change in year-over-year price per square foot: -7.7%
3. Myrtle Beach, SC
Median listing price: $366,075
Median listing price per square foot: $225
Change in year-over-year price per square foot: -7.3%
4. Phoenix, AZ
Median listing price: $529,450
Median listing price per square foot: $274
Change in year-over-year price per square foot: -5.6%
5. Sarasota, FL
Median listing price: $549,900
Median listing price per square foot: $305
Change in year-over-year price per square foot: -4.7%
6. Salt Lake City, UT
Median listing price: $635,000
Median listing price per square foot: $247
Change in year-over-year price per square foot: -4.0%
7. Pittsburgh, PA
Median listing price: $238,250
Median listing price per square foot: $152
Change in year-over-year price per square foot: -3.9%
8. Winston-Salem, NC
Median listing price: $345,899
Median listing price per square foot: $148
Change in year-over-year price per square foot: -3.6%
9. Sacramento, CA
Median listing price: $662,875
Median listing price per square foot: $340
Change in year-over-year price per square foot: -3.4%
10. Chicago, IL
Median listing price: $376,000
Median listing price per square foot: $205
Change in year-over-year price per square foot: -1.1%