U.S. Markets closed
  • S&P 500

    4,411.79
    +44.31 (+1.01%)
     
  • Dow 30

    35,061.55
    +238.15 (+0.68%)
     
  • Nasdaq

    14,836.99
    +152.39 (+1.04%)
     
  • Russell 2000

    2,209.65
    +10.17 (+0.46%)
     
  • Crude Oil

    72.17
    +0.10 (+0.14%)
     
  • Gold

    1,802.10
    +0.30 (+0.02%)
     
  • Silver

    25.24
    +0.01 (+0.03%)
     
  • EUR/USD

    1.1770
    -0.0003 (-0.0235%)
     
  • 10-Yr Bond

    1.2860
    +0.0210 (+1.66%)
     
  • Vix

    17.20
    -0.49 (-2.77%)
     
  • GBP/USD

    1.3769
    +0.0002 (+0.0138%)
     
  • USD/JPY

    110.4490
    +0.3340 (+0.3033%)
     
  • BTC-USD

    34,427.67
    +600.70 (+1.78%)
     
  • CMC Crypto 200

    786.33
    -7.40 (-0.93%)
     
  • FTSE 100

    7,027.58
    +59.28 (+0.85%)
     
  • Nikkei 225

    27,548.00
    +159.80 (+0.58%)
     

Houses in These 29 Cities Are Suddenly Major Bargains

·9 min read
MCCAIG / Getty Images/iStockphoto
MCCAIG / Getty Images/iStockphoto

Homeownership certainly isn’t a cheap decision. In a shocking 71% of the country, the average family cannot afford a home, according to CBS News. Many first-time and prospective homebuyers are rethinking their big-city dreams — and for good reason, as millennials find themselves unable to cover the ever-rising housing costs that come with living in a metropolitan area.

The median list price for homes currently on the market in New York City is $769,000, which still falls short of the astronomical median list price of San Francisco homes, at $1,348,000. Meanwhile, the U.S. median list price was $286,381 in 2019, though it saw a 4.12% increase from 2018. If you’re looking for a bargain on your home, you may find greater success in certain areas of the country.

Find Out: 50 Cities Where It’s Cheaper To Buy a Home Than Rent

To determine which cities currently have the best bargain homes, GOBankingRates analyzed the 2018 and 2019 median list prices for the 200 largest housing markets in the country. The study found 29 cities where the year-over-year change in home prices has declined and also included the average number of days on the market, total monthly listings and percentage of listings with price cuts as supplemental data. GOBankingRates ranked the cities by their year-over-year change in median list prices, with the No. 1 city offering the biggest bargain on real estate.

Banking: These Are the Best Banks of 2021 – Did Yours Make the Cut?

The South is well represented in this study, in addition to parts of the Pacific Northwest and some California cities, surprisingly. These places offer the best deal if you’re looking to buy a house.

Last updated: Feb. 2, 2021

Old Main Street in downtown Bradenton, FL USA.
Old Main Street in downtown Bradenton, FL USA.

29. Bradenton, Florida

  • Median list price in 2018: $289,786

  • Median list price in 2019: $289,218

  • Year-over-year price change: -0.20%

  • Average number of days on market: 88

  • Average total monthly listings: 1,641

  • Percentage of listings with price cuts: 19.20%

Rancho Cucamonga California aerial view
Rancho Cucamonga California aerial view

28. Rancho Cucamonga, California

  • Median list price in 2018: $561,854

  • Median list price in 2019: $559,423

  • Year-over-year price change: -0.43%

  • Average number of days on market: 69

  • Average total monthly listings: 492

  • Percentage of listings with price cuts: 16.61%

Boats exiting the Great Bridge Locks.
Boats exiting the Great Bridge Locks.

27. Chesapeake, Virginia

  • Median list price in 2018: $327,759

  • Median list price in 2019: $325,666

  • Year-over-year price change: -0.64%

  • Average number of days on market: 78

  • Average total monthly listings: 1,517

  • Percentage of listings with price cuts: 13.91%

Historical downtown area of Charleston, South Carolina, USA.
Historical downtown area of Charleston, South Carolina, USA.

26. Charleston, South Carolina

  • Median list price in 2018: $380,706

  • Median list price in 2019: $378,245

  • Year-over-year price change: -0.65%

  • Average number of days on market: 99

  • Average total monthly listings: 1,795

  • Percentage of listings with price cuts: 20.30%

Stock photo of condominium apartment buildings with parking lot and back yard in Dallas, Texas, USA.
Stock photo of condominium apartment buildings with parking lot and back yard in Dallas, Texas, USA.

25. Dallas

  • Median list price in 2018: $389,596

  • Median list price in 2019: $386,835

  • Year-over-year price change: -0.71%

  • Average number of days on market: 72

  • Average total monthly listings: 5,116

  • Percentage of listings with price cuts: 20.76%

Don’t Miss: Homes in These 25 Waterfront Cities Are a Total Steal

Bossier City, LA, USA- May 23, 2016: The downtown skyline of Shreveport, Louisiana as viewed from the Louisiana Boardwalk in Bossier City.
Bossier City, LA, USA- May 23, 2016: The downtown skyline of Shreveport, Louisiana as viewed from the Louisiana Boardwalk in Bossier City.

24. Shreveport, Louisiana

  • Median list price in 2018: $166,429

  • Median list price in 2019: $165,224

  • Year-over-year price change: -0.72%

  • Average number of days on market: 100

  • Average total monthly listings: 1,320

  • Percentage of listings with price cuts: 17.43%

Scenic Honolulu Oahu Hawaii Suburban Neighborhood.
Scenic Honolulu Oahu Hawaii Suburban Neighborhood.

23. Honolulu

  • Median list price in 2018: $641,375

  • Median list price in 2019: $636,703

  • Year-over-year price change: -0.73%

  • Average number of days on market: 93

  • Average total monthly listings: 2,703

  • Percentage of listings with price cuts: 13.56%

Houston, Texas - November 24, 2017: People preparing for taking pictures outside of James Turrell's Skyspace in Rice University, Houston, Texas.
Houston, Texas - November 24, 2017: People preparing for taking pictures outside of James Turrell's Skyspace in Rice University, Houston, Texas.

22. Houston

  • Median list price in 2018: $294,424

  • Median list price in 2019: $292,226

  • Year-over-year price change: -0.75%

  • Average number of days on market: 80

  • Average total monthly listings: 12,901

  • Percentage of listings with price cuts: 18.10%

Portland Oregon condo units
Portland Oregon condo units

21. Portland, Oregon

  • Median list price in 2018: $463,275

  • Median list price in 2019: $459,621

  • Year-over-year price change: -0.79%

  • Average number of days on market: 66

  • Average total monthly listings: 2,933

  • Percentage of listings with price cuts: 18.86%

View of Sugar Land Town Square in Texas
View of Sugar Land Town Square in Texas

20. Sugar Land, Texas

  • Median list price in 2018: $412,133

  • Median list price in 2019: $408,155

  • Year-over-year price change: -0.97%

  • Average number of days on market: 90

  • Average total monthly listings: 981

  • Percentage of listings with price cuts: 22.16%

See: 17 Dumb Home-Buying Mistakes That Hurt Your Wallet

New Orleans - Dec 4, 2017: Afternoon view of brick building with traditional architectural elements with lens flares; at the corner of Decatur and St.
New Orleans - Dec 4, 2017: Afternoon view of brick building with traditional architectural elements with lens flares; at the corner of Decatur and St.

19. New Orleans

  • Median list price in 2018: $298,680

  • Median list price in 2019: $295,642

  • Year-over-year price change: -1.02%

  • Average number of days on market: 95

  • Average total monthly listings: 1,855

  • Percentage of listings with price cuts: 15.24%

Spring begins in the downtown Lubbock with a white gazebo and walkway ,Texas.
Spring begins in the downtown Lubbock with a white gazebo and walkway ,Texas.

18. Lubbock, Texas

  • Median list price in 2018: $195,788

  • Median list price in 2019: $193,757

  • Year-over-year price change: -1.04%

  • Average number of days on market: 73

  • Average total monthly listings: 1,173

  • Percentage of listings with price cuts: 16.71%

modern beach homes on a sunny day.
modern beach homes on a sunny day.

17. Omaha, Nebraska

  • Median list price in 2018: $250,783

  • Median list price in 2019: $248,138

  • Year-over-year price change: -1.05%

  • Average number of days on market: 58

  • Average total monthly listings: 1,605

  • Percentage of listings with price cuts: 17.21%

High angle view of Lower Manhattan cityscape - Chinatown, New York, USA.
High angle view of Lower Manhattan cityscape - Chinatown, New York, USA.

16. New York

  • Median list price in 2018: $793,667

  • Median list price in 2019: $785,083

  • Year-over-year price change: -1.08%

  • Average number of days on market: 169

  • Average total monthly listings: 22,015

  • Percentage of listings with price cuts: 10.85%

Naples, Florida, USA downtown skyline at dusk.
Naples, Florida, USA downtown skyline at dusk.

15. Naples, Florida

  • Median list price in 2018: $406,143

  • Median list price in 2019: $401,483

  • Year-over-year price change: -1.15%

  • Average number of days on market: 137

  • Average total monthly listings: 6,575

  • Percentage of listings with price cuts: 15.02%

Learn: How Much It Costs To Live in 15 COVID-Free Countries

Residential buildings on telecommunication hill, San Jose, California.
Residential buildings on telecommunication hill, San Jose, California.

14. San Jose, California

  • Median list price in 2018: $970,398

  • Median list price in 2019: $957,366

  • Year-over-year price change: -1.34%

  • Average number of days on market: 51

  • Average total monthly listings: 1,278

  • Percentage of listings with price cuts: 15.22%

https://commons.
https://commons.

13. Spring, Texas

  • Median list price in 2018: $271,940

  • Median list price in 2019: $267,485

  • Year-over-year price change: -1.64%

  • Average number of days on market: 79

  • Average total monthly listings: 1,486

  • Percentage of listings with price cuts: 20.34%

A hillside with many houses in Irvine in southern Orange County, California, with mountains in the background.
A hillside with many houses in Irvine in southern Orange County, California, with mountains in the background.

12. Irvine, California

  • Median list price in 2018: $1,006,474

  • Median list price in 2019: $987,852

  • Year-over-year price change: -1.85%

  • Average number of days on market: 78

  • Average total monthly listings: 1,021

  • Percentage of listings with price cuts: 17.34%

Condos in Atlanta suburbs just next to Highway GA 400.
Condos in Atlanta suburbs just next to Highway GA 400.

11. Atlanta

  • Median list price in 2018: $333,662

  • Median list price in 2019: $326,921

  • Year-over-year price change: -2.02%

  • Average number of days on market: 76

  • Average total monthly listings: 4,115

  • Percentage of listings with price cuts: 17.41%

Good To Know: 50 Neighborhoods Where Home Prices Are Going Through the Roof

Lafayette is a small City in the State of Louisiana - Image.
Lafayette is a small City in the State of Louisiana - Image.

10. Lafayette, Louisiana

  • Median list price in 2018: $218,546

  • Median list price in 2019: $213,804

  • Year-over-year price change: -2.17%

  • Average number of days on market: N/A

  • Average total monthly listings: 1,189

  • Percentage of listings with price cuts: 16.67%

Row of colorful townhouses and Olympic Mountain range from Seattle WA.
Row of colorful townhouses and Olympic Mountain range from Seattle WA.

9. Seattle

  • Median list price in 2018: $713,102

  • Median list price in 2019: $696,342

  • Year-over-year price change: -2.35%

  • Average number of days on market: 55

  • Average total monthly listings: 2,201

  • Percentage of listings with price cuts: 15.73%

Glendale California
Glendale California

8. Glendale, California

  • Median list price in 2018: $870,797

  • Median list price in 2019: $848,645

  • Year-over-year price change: -2.54%

  • Average number of days on market: 63

  • Average total monthly listings: 261

  • Percentage of listings with price cuts: 12.34%

Aerial view of a residential neighborhood on a sunny day, Fremont, east San Francisco bay area, California.
Aerial view of a residential neighborhood on a sunny day, Fremont, east San Francisco bay area, California.

7. Fremont, California

  • Median list price in 2018: $1,030,807

  • Median list price in 2019: $1,003,865

  • Year-over-year price change: -2.61%

  • Average number of days on market: 50

  • Average total monthly listings: 369

  • Percentage of listings with price cuts: 14.27%

Related: The Best Place To Buy a Home in Every State

Evansville is a city in and the county seat of Vanderburgh County, Indiana, United States.
Evansville is a city in and the county seat of Vanderburgh County, Indiana, United States.

6. Evansville, Indiana

  • Median list price in 2018: $146,725

  • Median list price in 2019: $142,325

  • Year-over-year price change: -3.00%

  • Average number of days on market: 68

  • Average total monthly listings: N/A

  • Percentage of listings with price cuts: 18.07%

Nashville, United States - May 5, 2016: Single family residential homes are painted different colors in a Tennessee neighborhood.
Nashville, United States - May 5, 2016: Single family residential homes are painted different colors in a Tennessee neighborhood.

5. Nashville, Tennessee

  • Median list price in 2018: $334,025

  • Median list price in 2019: $323,792

  • Year-over-year price change: -3.06%

  • Average number of days on market: 68

  • Average total monthly listings: 3,770

  • Percentage of listings with price cuts: 14.12%

Columbus Georgia
Columbus Georgia

4. Columbus, Georgia

  • Median list price in 2018: $117,946

  • Median list price in 2019: $114,129

  • Year-over-year price change: -3.24%

  • Average number of days on market: 76

  • Average total monthly listings: 774

  • Percentage of listings with price cuts: 14.70%

Buildings in Las Colinas, Irving illuminated at night.
Buildings in Las Colinas, Irving illuminated at night.

3. Irving, Texas

  • Median list price in 2018: $379,914

  • Median list price in 2019: $366,135

  • Year-over-year price change: -3.63%

  • Average number of days on market: 61

  • Average total monthly listings: 535

  • Percentage of listings with price cuts: 17.71%

A colorful downtown Raleigh, North Carolina cityscape view from a park in spring.
A colorful downtown Raleigh, North Carolina cityscape view from a park in spring.

2. Raleigh, North Carolina

  • Median list price in 2018: $354,881

  • Median list price in 2019: $341,615

  • Year-over-year price change: -3.74%

  • Average number of days on market: 54

  • Average total monthly listings: 1,707

  • Percentage of listings with price cuts: 14.62%

Jackson, MS/USA - circa February 2016: Lamar Life Building and St Andrew's Episcopal Cathedral in Downtown Jackson, Mississippi.
Jackson, MS/USA - circa February 2016: Lamar Life Building and St Andrew's Episcopal Cathedral in Downtown Jackson, Mississippi.

1. Jackson, Mississippi

  • Median list price in 2018: $134,354

  • Median list price in 2019: $125,041

  • Year-over-year price change: -6.93%

  • Average number of days on market: 97

  • Average total monthly listings: 590

  • Percentage of listings with price cuts: 15.56%

More From GOBankingRates

Methodology: In order to find cities where houses are suddenly a major bargain, GOBankingRates looked at the 2018 median list price and the 2019 median list price for the 200 biggest housing markets in the United States and found the year-over-year percentage change in the median list price. GOBankingRates found 29 cities where the median list price has gone down since 2018, and those 29 cities are included on this list. The study also provides the 2019 averages for days on the market, total monthly listings and percentage of listings with price cuts as supplemental data. All data was sourced from Zillow and compiled on Jan. 29, 2020.

This article originally appeared on GOBankingRates.com: Houses in These 29 Cities Are Suddenly Major Bargains