The 50 Worst Housing Markets in the US for Growth

When buying a home — be it to live in or to rent out to generate passive income — it is important to know the conditions of the local housing market. Is it strong, stable and growing? Or is it in a slump that could be irreversible?

GOBankingRates determined the 50 worst housing markets in the U.S. for growth. To do this, we looked at the 200 largest metro statistical areas (MSAs) according to the real estate market and found the one-year percentage change in home value, the two-year percentage change in home value, the mean days from pending to close, the share of listings with a price cut and the mean price cut.

Find Out: 8 Places Where Houses Are Suddenly Major Bargains

Learn More: Become a Real Estate Investor for Just $1K Using This Bezos-Backed Startup

Here are some key findings.

• Austin ranks as the worst housing market in America. Most notably, two-year home values have dropped nearly 18%.
• The second-worst housing market for growth is New Orleans.
• Other Texas markets are also struggling, including, but not limited to, Longview, Laredo and Dallas.
• Five of the 10 worst housing markets are in Florida. Among these are North Port, Cape Coral and Crestview.

Read on for details on the 50 U.S. housing markets that are the worst for growth .

50. Salinas, California

• June 2024 home value: $844,402
• One-year home value change (percentage): 6.04%
• Two-year home value change (percentage): 1.59%
• Mean price cut: $80,737
• Share of listings with price cut: 20.39%
• Mean days to close: 29

Read Next: 6 Best Cities To Buy Property in the Next 5 Years, According to Real Estate Agents

Be Aware: 5 Worst California Cities To Buy Property Over the Next 5 Years, per Real Estate Agents

Sponsored: Protect Your Wealth With A Gold IRA. Take advantage of the timeless appeal of gold in a Gold IRA recommended by Sean Hannity.

49. Orlando, Florida

• June 2024 home value: $399,253
• One-year home value change (percentage): 3.22%
• Two-year home value change (percentage): 5.26%
• Mean price cut: $14,907
• Share of listings with price cut: 29.30%
• Mean days to close: 34

Check Out: If You Live in One of These 20 Housing Markets, Consider Selling While It’s Still Hot

48. Baton Rouge, Louisiana

• June 2024 home value: $240,017
• One-year home value change (percentage): 1.66%
• Two-year home value change (percentage): 3.60%
• Mean price cut: $11,512
• Share of listings with price cut: 26.01%
• Mean days to close: 34

47. Eugene, Oregon

• June 2024 home value: $455,582
• One-year home value change (percentage): 1.32%
• Two-year home value change (percentage): -0.71%
• Mean price cut: $20,297
• Share of listings with price cut: 24.29%
• Mean days to close: 30

46. Shreveport, Louisiana

• June 2024 home value: $174,384
• One-year home value change (percentage): 4.06%
• Two-year home value change (percentage): 0.15%
• Mean price cut: $11,597
• Share of listings with price cut: 26.00%
• Mean days to close: 34

45. Reno, Nevada

• June 2024 home value: $548,869
• One-year home value change (percentage): 4.64%
• Two-year home value change (percentage): -5.47%
• Mean price cut: $26,683
• Share of listings with price cut: 23.18%
• Mean days to close: 32

Trending Now: Mortgage Rates Are Dropping: 20 Housing Markets With the Most Affordable Home Prices

44. Salisbury, Maryland

• June 2024 home value: $423,739
• One-year home value change (percentage): 2.27%
• Two-year home value change (percentage): 3.37%
• Mean price cut: $21,070
• Share of listings with price cut: 26.53%
• Mean days to close: 37

43. Jackson, Mississippi

• June 2024 home value: $197,464
• One-year home value change (percentage): 0.78%
• Two-year home value change (percentage): 3.11%
• Mean price cut: $11,977
• Share of listings with price cut: 25.04%
• Mean days to close: 36

42. Longview, Texas

• June 2024 home value: $218,205
• One-year home value change (percentage): 0.30%
• Two-year home value change (percentage): 5.59%
• Mean price cut: $12,216
• Share of listings with price cut: 24.49%
• Mean days to close: 26

41. Greeley, Colorado

• June 2024 home value: $500,073
• One-year home value change (percentage): 0.72%
• Two-year home value change (percentage): -4.39%
• Mean price cut: $16,690
• Share of listings with price cut: 22.94%
• Mean days to close: 31

Try This: 20 Best Cities Where You Can Buy a House for Under $100K

40. San Francisco

• June 2024 home value: $1,180,321
• One-year home value change (percentage): 5.04%
• Two-year home value change (percentage): -7.27%
• Mean price cut: $69,905
• Share of listings with price cut: 17.62%
• Mean days to close: 23

39. Laredo, Texas

• June 2024 home value: $206,726
• One-year home value change (percentage): -3.38%
• Two-year home value change (percentage): 0.60%
• Mean price cut: $10,330
• Share of listings with price cut: 16.13%
• Mean days to close: 28

38. Ogden, Utah

• June 2024 home value: $498,019
• One-year home value change (percentage): 2.64%
• Two-year home value change (percentage): -4.36%
• Mean price cut: $13,821
• Share of listings with price cut: 29.09%
• Mean days to close: 28

37. Huntsville, Alabama

• June 2024 home value: $309,499
• One-year home value change (percentage): 0.48%
• Two-year home value change (percentage): 0.48%
• Mean price cut: $10,268
• Share of listings with price cut: 28.15%
• Mean days to close: 32

Explore More: 3 Best Florida Cities To Buy Property in the Next 5 Years, According To Real Estate Agents

36. Myrtle Beach, South Carolina

• June 2024 home value: $338,481
• One-year home value change (percentage): 1.80%
• Two-year home value change (percentage): 4.35%
• Mean price cut: $11,694
• Share of listings with price cut: 28.19%
• Mean days to close: 37

35. Spokane, Washington

• June 2024 home value: $417,086
• One-year home value change (percentage): 1.49%
• Two-year home value change (percentage): -3.83%
• Mean price cut: $17,579
• Share of listings with price cut: 27.12%
• Mean days to close: 29

34. Portland, Oregon

• June 2024 home value: $554,847
• One-year home value change (percentage): 1.64%
• Two-year home value change (percentage): -4.08%
• Mean price cut: $23,109
• Share of listings with price cut: 24.86%
• Mean days to close: 29

33. Pensacola, Florida

• June 2024 home value: $309,736
• One-year home value change (percentage): 1.79%
• Two-year home value change (percentage): 3.64%
• Mean price cut: $12,737
• Share of listings with price cut: 31.34%
• Mean days to close: 34

Read More: 5 Types of Homes Expected To Plummet in Value by the End of 2025

32. Salt Lake City

• June 2024 home value: $548,835
• One-year home value change (percentage): 2.57%
• Two-year home value change (percentage): -4.94%
• Mean price cut: $18,638
• Share of listings with price cut: 30.24%
• Mean days to close: 27

31. Lubbock, Texas

• June 2024 home value: $209,214
• One-year home value change (percentage): -0.14%
• Two-year home value change (percentage): 1.74%
• Mean price cut: $9,877
• Share of listings with price cut: 28.95%
• Mean days to close: 33

30. Corpus Christi, Texas

• June 2024 home value: $224,512
• One-year home value change (percentage): 0.33%
• Two-year home value change (percentage): 0.05%
• Mean price cut: $17,191
• Share of listings with price cut: 22.97%
• Mean days to close: 30

29. Waco, Texas

• June 2024 home value: $261,013
• One-year home value change (percentage): 0.81%
• Two-year home value change (percentage): 1.74%
• Mean price cut: $13,464
• Share of listings with price cut: 28.90%
• Mean days to close: 31

Discover More: 5 Worst Florida Cities To Buy Property in the Next 5 Years, According to Real Estate Agents

28. Lakeland, Florida

• June 2024 home value: $315,149
• One-year home value change (percentage): 1.44%
• Two-year home value change (percentage): 1.47%
• Mean price cut: $10,537
• Share of listings with price cut: 30.18%
• Mean days to close: 34

27. Killeen, Texas

• June 2024 home value: $258,289
• One-year home value change (percentage): -1.03%
• Two-year home value change (percentage): -0.94%
• Mean price cut: $12,284
• Share of listings with price cut: 23.30%
• Mean days to close: 32

26. Port St. Lucie, Florida

• June 2024 home value: ​​$401,971
• One-year home value change (percentage): 2.50%
• Two-year home value change (percentage): 2.90%
• Mean price cut: $19,065
• Share of listings with price cut: 29.63%
• Mean days to close: 34

25. Houston

• June 2024 home value: $312,052
• One-year home value change (percentage): 1.41%
• Two-year home value change (percentage): 0.69%
• Mean price cut: $15,072
• Share of listings with price cut: 28.83%
• Mean days to close: 29

For You: 7 Types of Homes Expected To Soar in Value by the End of 2025

24. Nashville, Tennessee

• June 2024 home value: $447,170
• One-year home value change (percentage): 1.99%
• Two-year home value change (percentage): -0.38%
• Mean price cut: $21,392
• Share of listings with price cut: 32.19%
• Mean days to close: 32

23. Colorado Springs, Colorado

• June 2024 home value: $464,036
• One-year home value change (percentage): 1.45%
• Two-year home value change (percentage): -4.61%
• Mean price cut: $13,065
• Share of listings with price cut: 31.61%
• Mean days to close: 32

22. Denver

• June 2024 home value: $592,720
• One-year home value change (percentage): 2.01%
• Two-year home value change (percentage): -4.44%
• Mean price cut: $19,067
• Share of listings with price cut: 32.13%
• Mean days to close: 28

21. Honolulu (Urban)

• June 2024 home value: $867,057
• One-year home value change (percentage): 0.74%
• Two-year home value change (percentage): -3.33%
• Mean price cut: $34,693
• Share of listings with price cut: 18.30%
• Mean days to close: 39

Read Next: I’m an Economist: Here’s My Prediction for the Housing Market If Trump Wins the Election

20. Ocala, Florida

• June 2024 home value: $279,895
• One-year home value change (percentage): 0.44%
• Two-year home value change (percentage): 2.64%
• Mean price cut: $12,281
• Share of listings with price cut: 29.39%
• Mean days to close: 34

19. Provo, Utah

• June 2024 home value: $533,482
• One-year home value change (percentage): 2.00%
• Two-year home value change (percentage): -7.00%
• Mean price cut: $16,036
• Share of listings with price cut: 30.10%
• Mean days to close: 28

18. Palm Bay, Florida

• June 2024 home value: $357,251
• One-year home value change (percentage): 1.39%
• Two-year home value change (percentage): 1.85%
• Mean price cut: $13,739
• Share of listings with price cut: 33.03%
• Mean days to close: 32

17. Beaumont, Texas

• June 2024 home value: $168,201
• One-year home value change (percentage): -1.31%
• Two-year home value change (percentage): -3.74%
• Mean price cut: $11,861
• Share of listings with price cut: 23.60%
• Mean days to close: 29

Check Out: Here’s the Salary Needed to Actually Take Home $100K in Every State

16. Boise City, Idaho

• June 2024 home value: $482,228
• One-year home value change (percentage): 3.98%
• Two-year home value change (percentage): -9.52%
• Mean price cut: $18,615
• Share of listings with price cut: 30.98%
• Mean days to close: 29

15. Jacksonville, Florida

• June 2024 home value: $361,530
• One-year home value change (percentage): 1.28%
• Two-year home value change (percentage): 0.49%
• Mean price cut: $13,749
• Share of listings with price cut: 31.75%
• Mean days to close: 30

14. Lafayette, Louisiana

• June 2024 home value: $193,479
• One-year home value change (percentage): -2.12%
• Two-year home value change (percentage): -2.91%
• Mean price cut: $9,305
• Share of listings with price cut: 26.27%
• Mean days to close: 31

13. Deltona, Florida

• June 2024 home value: $346,653
• One-year home value change (percentage): 0.97%
• Two-year home value change (percentage): 1.00%
• Mean price cut: $14,388
• Share of listings with price cut: 29.88%
• Mean days to close: 33

Try This: Here’s the Income Needed To Be in the Top 1% in All 50 States

12. Dallas

• June 2024 home value: $381,600
• One-year home value change (percentage): 1.10%
• Two-year home value change (percentage): -1.24%
• Mean price cut: $15,721
• Share of listings with price cut: 32.03%
• Mean days to close: 28

11. Boulder, Colorado

• June 2024 home value: $747,586
• One-year home value change (percentage): 1.15%
• Two-year home value change (percentage): -5.66%
• Mean price cut: $40,990
• Share of listings with price cut: 24.05%
• Mean days to close: 27

10. Tampa, Florida

• June 2024 home value: $381,941
• One-year home value change (percentage): 2.71%
• Two-year home value change (percentage): 2.35%
• Mean price cut: $16,110
• Share of listings with price cut: 35.26%
• Mean days to close: 34

9. Phoenix

• June 2024 home value: $460,513
• One-year home value change (percentage): 4.01%
• Two-year home value change (percentage): -5.56%
• Mean price cut: $16,577
• Share of listings with price cut: 34.33%
• Mean days to close: 31

Learn More: Here’s the Living Wage a Single Person Needs To Live Comfortably in Arizona

8. Santa Cruz, California

• June 2024 home value: $1,181,192
• One-year home value change (percentage): 3.90%
• Two-year home value change (percentage): -5.67%
• Mean price cut: $89,350
• Share of listings with price cut: 20.08%
• Mean days to close: 26

7. Naples, Florida

• June 2024 home value: $604,606
• One-year home value change (percentage): 1.15%
• Two-year home value change (percentage): 1.94%
• Mean price cut: $46,104
• Share of listings with price cut: 25.37%
• Mean days to close: 38

6. Crestview, Florida

• June 2024 home value: $445,687
• One-year home value change (percentage): -0.69%
• Two-year home value change (percentage): -0.96%
• Mean price cut: $30,520
• Share of listings with price cut: 27.97%
• Mean days to close: 33

5. Cape Coral, Florida

• June 2024 home value: $390,185
• One-year home value change (percentage): -2.25%
• Two-year home value change (percentage): -1.93%
• Mean price cut: $19,759
• Share of listings with price cut: 23.72%
• Mean days to close: 33

Be Aware: States Whose Economies Are Failing vs. States Whose Economies Are Thriving

4. San Antonio

• June 2024 home value: $290,483
• One-year home value change (percentage): -2.23%
• Two-year home value change (percentage): -3.84%
• Mean price cut: $12,408
• Share of listings with price cut: 31.37%
• Mean days to close: 30

3. North Port, Florida

• June 2024 home value: $450,116
• One-year home value change (percentage): -1.64%
• Two-year home value change (percentage): -2.16%
• Mean price cut: $24,603
• Share of listings with price cut: 33.20%
• Mean days to close: 37

2. New Orleans

• June 2024 home value: $243,729
• One-year home value change (percentage): -6.44%
• Two-year home value change (percentage): -11.77%
• Mean price cut: $15,512
• Share of listings with price cut: 26.76%
• Mean days to close: 33

1. Austin, Texas

• June 2024 home value: $466,103
• One-year home value change (percentage): -4.30%
• Two-year home value change (percentage): -17.65%
• Mean price cut: $25,088
• Share of listings with price cut: 29.54%
• Mean days to close: 23

Methodology: For this piece, GOBankingRates looked at the 200 largest metro statistical areas (MSA) according to the real estate market and found the following 10 factors. For each MSA, GOBankingRates found (1) one-year percentage change in home value; (2) one-year change in home value in USD; (3) two-year percentage change in home value; (4) two-year change in home value in USD; (5) for-sale inventory; (6) mean days from listing to pending; (7) mean list-to-sale ratio; (8) mean days from pending to close; (9) share of listings with a price cut; and (10) mean price cut. All data was sourced from Zillow’s June 2024 data. All 10 factors were then scored and combined with the highest score being the worst housing markets. In final calculations factors (1), (2), (9) and (10) were weighted 2x and factor (5) was weighted 0.5x. All data was collected and is up to date as of July 29, 2024.

This article originally appeared on GOBankingRates.com : The 50 Worst Housing Markets in the US for Growth