5 U.S. cities (Pittsburgh, Detroit, Buffalo, Rochester, St. Louis) with median home prices under $300,000 amid job and population growth declines.
Realtor.com reports five U.S. cities with median home prices under $300,000: Pittsburgh ($245,000), Detroit ($277,000), Buffalo ($277,450), Rochester ($282,500), and St. Louis ($299,900). These cities, primarily in the Northeast and Midwest, have faced declines in job and population growth, contributing to slower housing price growth. Sellers are reducing prices as inventory rises, shifting the market from seller to neutral.
October 19, 2024
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