The City in Every State Where Home Prices are Crashing The Most

Amid supply constraints and surging demand, home prices have climbed rapidly in recent years. According to data from Realtor.com, the typical single family home in the United States was listed for $440,950 in June 2025, an increase of over 47% from the beginning of 2020, and up about 10% from January of 2025.

While home prices have surged, wages have not. Since early 2020, median wages climbed by only 1.6% for full-time workers, adjusting for inflation. Predictably, the imbalance between growth in home price and earnings has resulted in a housing affordability crisis. When factoring in historically high mortgage rates, an estimated 75% of American households can no longer afford a new, median-priced home without taking on meaningful financial burdens, according to the National Association of Home Builders.

Notably, however, location matters when it comes to housing. Despite what longer-term, nationwide trends may suggest, in most of the 50 states, there is at least one city where homes are less expensive today than they were a year ago.

Using historical data from Realtor.com, 24/7 Wall St. identified the city in every state where home prices are actually falling. We reviewed data for over 920 U.S. metro areas, and ranked them on the relative change in median single-family home list prices from June 2024 to June 2025, listing the city in each state where home prices have come down the most. Only metro areas where list prices were not flagged for potential data quality issues were considered. Five states — Alaska, Maine, Oklahoma, Rhode Island, and Vermont — were excluded from the analysis, as none of these states has a city where home prices fell over the last year. Additionally, because Hawaii has only one metro area with available data, the city listed for that state appears on this list by default.

Among the 45 metro areas on this list, median list prices are down anywhere from about 1% to nearly 10% since June of last year. Even though home prices are also down year-over-year in 19 states, in all but one of these places, the relative decline in home prices in the metro area on this list exceeds the comparable statewide decrease. (Here is a look at how Baby Boomers impacted the housing market for younger buyers.)

It is important to note that while home prices are lower in these places now than they were at the same time last year, many of these cities still have relatively expensive housing markets. In 12 cities on this list, median list prices exceed half a million dollars. (Here is a look at the most affordable cities for renters in every state.)

These are the cities in every state where home prices are falling the fastest.

Why It Matters

The median home price in the United States is now $121,000 higher than it was just five years ago — and millions of Americans have been priced out of the market. However, location matters when it comes to housing, and some parts of the country are starting to report substantial decreases in home prices. According to Realtor.com, list prices have fallen considerably in many cities across the United States in the last year.

Alabama: Montgomery

• 1-year change in local median list price: -7.9% (-$25,543)
• Median list price in city: $298,457 in June 2025, $324,000 in June 2024
• 1-year change in median list price statewide: +0.3% (+$1,100)
• Median list price in state: $340,000 in June 2025, $338,900 in June 2024
• Number of homes on the market in the city: 1,953
• Median size of a listed home in the city: 2,064 square feet
• Number of cities considered in state: 18

Arizona: Payson

• 1-year change in local median list price: -8.2% (-$44,425)
• Median list price in city: $495,475 in June 2025, $539,900 in June 2024
• 1-year change in median list price statewide: -3.4% (-$17,400)
• Median list price in state: $497,500 in June 2025, $514,900 in June 2024
• Number of homes on the market in the city: 592
• Median size of a listed home in the city: 1,677 square feet
• Number of cities considered in state: 10

Arkansas: Hot Springs

• 1-year change in local median list price: -1.4% (-$4,875)
• Median list price in city: $345,125 in June 2025, $350,000 in June 2024
• 1-year change in median list price statewide: +2.0% (+$6,000)
• Median list price in state: $305,000 in June 2025, $299,000 in June 2024
• Number of homes on the market in the city: 1,145
• Median size of a listed home in the city: 1,746 square feet
• Number of cities considered in state: 12

California: Ukiah

• 1-year change in local median list price: -9.9% (-$70,000)
• Median list price in city: $635,000 in June 2025, $705,000 in June 2024
• 1-year change in median list price statewide: -1.7% (-$13,500)
• Median list price in state: $771,500 in June 2025, $785,000 in June 2024
• Number of homes on the market in the city: 537
• Median size of a listed home in the city: 1,729 square feet
• Number of cities considered in state: 29

Colorado: Grand Junction

• 1-year change in local median list price: -6.0% (-$30,000)
• Median list price in city: $469,900 in June 2025, $499,900 in June 2024
• 1-year change in median list price statewide: -3.2% (-$20,050)
• Median list price in state: $599,950 in June 2025, $620,000 in June 2024
• Number of homes on the market in the city: 1,058
• Median size of a listed home in the city: 1,727 square feet
• Number of cities considered in state: 14

Connecticut: Norwich-New London-Willimantic

• 1-year change in local median list price: -1.2% (-$5,700)
• Median list price in city: $454,250 in June 2025, $459,950 in June 2024
• 1-year change in median list price statewide: +2.2% (+$11,825)
• Median list price in state: $561,725 in June 2025, $549,900 in June 2024
• Number of homes on the market in the city: 806
• Median size of a listed home in the city: 1,763 square feet
• Number of cities considered in state: 5

Delaware: Dover

• 1-year change in local median list price: -3.6% (-$15,197)
• Median list price in city: $407,703 in June 2025, $422,900 in June 2024
• 1-year change in median list price statewide: -1.0% (-$5,000)
• Median list price in state: $495,000 in June 2025, $500,000 in June 2024
• Number of homes on the market in the city: 811
• Median size of a listed home in the city: 1,976 square feet
• Number of cities considered in state: 2

Florida: Cape Coral-Fort Myers

• 1-year change in local median list price: -6.2% (-$28,050)
• Median list price in city: $424,950 in June 2025, $453,000 in June 2024
• 1-year change in median list price statewide: -2.4% (-$10,900)
• Median list price in state: $439,000 in June 2025, $449,900 in June 2024
• Number of homes on the market in the city: 15,319
• Median size of a listed home in the city: 1,701 square feet
• Number of cities considered in state: 23

Georgia: Gainesville

• 1-year change in local median list price: -9.2% (-$49,900)
• Median list price in city: $495,000 in June 2025, $544,900 in June 2024
• 1-year change in median list price statewide: 0.0%
• Median list price in state: $399,900 in June 2025, $399,900 in June 2024
• Number of homes on the market in the city: 1,283
• Median size of a listed home in the city: 2,528 square feet
• Number of cities considered in state: 24

Hawaii: Kahului-Wailuku

• 1-year change in local median list price: -7.0% (-$90,000)
• Median list price in city: $1,190,000 in June 2025, $1,280,000 in June 2024
• 1-year change in median list price statewide: -7.6% (-$63,100)
• Median list price in state: $766,900 in June 2025, $830,000 in June 2024
• Number of homes on the market in the city: 1,487
• Median size of a listed home in the city: 1,049 square feet
• Number of cities considered in state: 1

Idaho: Mountain Home

• 1-year change in local median list price: -7.0% (-$27,600)
• Median list price in city: $366,850 in June 2025, $394,450 in June 2024
• 1-year change in median list price statewide: +3.3% (+$19,000)
• Median list price in state: $599,000 in June 2025, $580,000 in June 2024
• Number of homes on the market in the city: 178
• Median size of a listed home in the city: 1,738 square feet
• Number of cities considered in state: 13

Illinois: Bloomington

• 1-year change in local median list price: -8.6% (-$29,925)
• Median list price in city: $319,975 in June 2025, $349,900 in June 2024
• 1-year change in median list price statewide: -3.0% (-$10,000)
• Median list price in state: $325,000 in June 2025, $335,000 in June 2024
• Number of homes on the market in the city: 409
• Median size of a listed home in the city: 2,450 square feet
• Number of cities considered in state: 20

Indiana: Monticello

• 1-year change in local median list price: -7.3% (-$24,950)
• Median list price in city: $314,950 in June 2025, $339,900 in June 2024
• 1-year change in median list price statewide: +0.3% (+$1,000)
• Median list price in state: $310,000 in June 2025, $309,000 in June 2024
• Number of homes on the market in the city: 124
• Median size of a listed home in the city: 1,796 square feet
• Number of cities considered in state: 27

Iowa: Sioux City

• 1-year change in local median list price: -5.9% (-$18,500)
• Median list price in city: $296,500 in June 2025, $315,000 in June 2024
• 1-year change in median list price statewide: -3.3% (-$10,000)
• Median list price in state: $295,000 in June 2025, $305,000 in June 2024
• Number of homes on the market in the city: 330
• Median size of a listed home in the city: 1,952 square feet
• Number of cities considered in state: 15

Kansas: Wichita

• 1-year change in local median list price: -4.7% (-$14,690)
• Median list price in city: $301,000 in June 2025, $315,690 in June 2024
• 1-year change in median list price statewide: -2.4% (-$7,500)
• Median list price in state: $307,500 in June 2025, $315,000 in June 2024
• Number of homes on the market in the city: 2,802
• Median size of a listed home in the city: 2,078 square feet
• Number of cities considered in state: 11

Kentucky: Paducah

• 1-year change in local median list price: -8.8% (-$23,825)
• Median list price in city: $245,625 in June 2025, $269,450 in June 2024
• 1-year change in median list price statewide: 0.0%
• Median list price in state: $315,000 in June 2025, $315,000 in June 2024
• Number of homes on the market in the city: 392
• Median size of a listed home in the city: 1,825 square feet
• Number of cities considered in state: 16

Louisiana: Morgan City

• 1-year change in local median list price: -9.8% (-$19,300)
• Median list price in city: $177,200 in June 2025, $196,500 in June 2024
• 1-year change in median list price statewide: +1.8% (+$5,000)
• Median list price in state: $285,000 in June 2025, $280,000 in June 2024
• Number of homes on the market in the city: 154
• Median size of a listed home in the city: 1,733 square feet
• Number of cities considered in state: 16

Maryland: Lexington Park

• 1-year change in local median list price: -0.9% (-$4,750)
• Median list price in city: $525,250 in June 2025, $530,000 in June 2024
• 1-year change in median list price statewide: +4.6% (+$19,950)
• Median list price in state: $454,950 in June 2025, $435,000 in June 2024
• Number of homes on the market in the city: 816
• Median size of a listed home in the city: 2,338 square feet
• Number of cities considered in state: 7

Massachusetts: Pittsfield

• 1-year change in local median list price: -7.7% (-$45,550)
• Median list price in city: $549,450 in June 2025, $595,000 in June 2024
• 1-year change in median list price statewide: -0.1% (-$550)
• Median list price in state: $799,450 in June 2025, $800,000 in June 2024
• Number of homes on the market in the city: 677
• Median size of a listed home in the city: 1,986 square feet
• Number of cities considered in state: 7

Michigan: Bay City

• 1-year change in local median list price: -8.7% (-$17,275)
• Median list price in city: $181,725 in June 2025, $199,000 in June 2024
• 1-year change in median list price statewide: +5.7% (+$17,000)
• Median list price in state: $317,000 in June 2025, $300,000 in June 2024
• Number of homes on the market in the city: 302
• Median size of a listed home in the city: 1,475 square feet
• Number of cities considered in state: 27

Minnesota: St. Cloud

• 1-year change in local median list price: -8.7% (-$32,600)
• Median list price in city: $342,400 in June 2025, $375,000 in June 2024
• 1-year change in median list price statewide: -2.4% (-$9,950)
• Median list price in state: $399,950 in June 2025, $409,900 in June 2024
• Number of homes on the market in the city: 774
• Median size of a listed home in the city: 2,004 square feet
• Number of cities considered in state: 20

Mississippi: Oxford

• 1-year change in local median list price: -5.8% (-$29,900)
• Median list price in city: $485,000 in June 2025, $514,900 in June 2024
• 1-year change in median list price statewide: -0.1% (-$255)
• Median list price in state: $298,745 in June 2025, $299,000 in June 2024
• Number of homes on the market in the city: 542
• Median size of a listed home in the city: 1,928 square feet
• Number of cities considered in state: 13

Missouri: Jefferson City

• 1-year change in local median list price: -8.6% (-$28,700)
• Median list price in city: $306,200 in June 2025, $334,900 in June 2024
• 1-year change in median list price statewide: +0.5% (+$1,495)
• Median list price in state: $310,995 in June 2025, $309,500 in June 2024
• Number of homes on the market in the city: 400
• Median size of a listed home in the city: 1,929 square feet
• Number of cities considered in state: 21

Montana: Helena

• 1-year change in local median list price: -7.8% (-$51,000)
• Median list price in city: $599,000 in June 2025, $650,000 in June 2024
• 1-year change in median list price statewide: 0.0% (-$100)
• Median list price in state: $649,900 in June 2025, $650,000 in June 2024
• Number of homes on the market in the city: 561
• Median size of a listed home in the city: 2,187 square feet
• Number of cities considered in state: 5

Nebraska: Hastings

• 1-year change in local median list price: -5.9% (-$14,694)
• Median list price in city: $232,500 in June 2025, $247,194 in June 2024
• 1-year change in median list price statewide: +0.2% (+$766)
• Median list price in state: $355,766 in June 2025, $355,000 in June 2024
• Number of homes on the market in the city: 183
• Median size of a listed home in the city: 2,314 square feet
• Number of cities considered in state: 7

Nevada: Carson City

• 1-year change in local median list price: -8.3% (-$46,650)
• Median list price in city: $513,250 in June 2025, $559,900 in June 2024
• 1-year change in median list price statewide: -0.3% (-$1,640)
• Median list price in state: $499,900 in June 2025, $501,540 in June 2024
• Number of homes on the market in the city: 188
• Median size of a listed home in the city: 1,714 square feet
• Number of cities considered in state: 6

New Hampshire: Concord

• 1-year change in local median list price: -0.8% (-$4,525)
• Median list price in city: $549,975 in June 2025, $554,500 in June 2024
• 1-year change in median list price statewide: +3.3% (+$19,100)
• Median list price in state: $599,000 in June 2025, $579,900 in June 2024
• Number of homes on the market in the city: 550
• Median size of a listed home in the city: 2,044 square feet
• Number of cities considered in state: 5

New Jersey: Atlantic City-Hammonton

• 1-year change in local median list price: -3.2% (-$19,325)
• Median list price in city: $579,675 in June 2025, $599,000 in June 2024
• 1-year change in median list price statewide: -1.6% (-$9,550)
• Median list price in state: $579,450 in June 2025, $589,000 in June 2024
• Number of homes on the market in the city: 3,083
• Median size of a listed home in the city: 1,637 square feet
• Number of cities considered in state: 3

New Mexico: Silver City

• 1-year change in local median list price: -3.4% (-$12,000)
• Median list price in city: $337,000 in June 2025, $349,000 in June 2024
• 1-year change in median list price statewide: +3.0% (+$12,048)
• Median list price in state: $410,048 in June 2025, $398,000 in June 2024
• Number of homes on the market in the city: 154
• Median size of a listed home in the city: 1,879 square feet
• Number of cities considered in state: 14

New York: Corning

• 1-year change in local median list price: -7.0% (-$17,550)
• Median list price in city: $232,450 in June 2025, $250,000 in June 2024
• 1-year change in median list price statewide: +0.6% (+$4,450)
• Median list price in state: $692,450 in June 2025, $688,000 in June 2024
• Number of homes on the market in the city: 378
• Median size of a listed home in the city: 1,812 square feet
• Number of cities considered in state: 21

North Carolina: Morehead City

• 1-year change in local median list price: -7.7% (-$46,150)
• Median list price in city: $553,750 in June 2025, $599,900 in June 2024
• 1-year change in median list price statewide: +0.5% (+$2,000)
• Median list price in state: $425,000 in June 2025, $423,000 in June 2024
• Number of homes on the market in the city: 885
• Median size of a listed home in the city: 1,776 square feet
• Number of cities considered in state: 35

North Dakota: Minot

• 1-year change in local median list price: -9.2% (-$30,075)
• Median list price in city: $297,425 in June 2025, $327,500 in June 2024
• 1-year change in median list price statewide: -2.7% (-$10,230)
• Median list price in state: $368,770 in June 2025, $379,000 in June 2024
• Number of homes on the market in the city: 261
• Median size of a listed home in the city: 2,317 square feet
• Number of cities considered in state: 7

Ohio: Sidney

• 1-year change in local median list price: -9.5% (-$25,075)
• Median list price in city: $239,925 in June 2025, $265,000 in June 2024
• 1-year change in median list price statewide: +1.8% (+$5,100)
• Median list price in state: $295,000 in June 2025, $289,900 in June 2024
• Number of homes on the market in the city: 134
• Median size of a listed home in the city: 1,617 square feet
• Number of cities considered in state: 31

Oregon: Brookings

• 1-year change in local median list price: -5.6% (-$35,000)
• Median list price in city: $594,000 in June 2025, $629,000 in June 2024
• 1-year change in median list price statewide: +0.9% (+$5,000)
• Median list price in state: $580,000 in June 2025, $575,000 in June 2024
• Number of homes on the market in the city: 239
• Median size of a listed home in the city: 1,779 square feet
• Number of cities considered in state: 19

Pennsylvania: Lewistown

• 1-year change in local median list price: -9.6% (-$22,450)
• Median list price in city: $212,450 in June 2025, $234,900 in June 2024
• 1-year change in median list price statewide: +1.2% (+$4,000)
• Median list price in state: $329,000 in June 2025, $325,000 in June 2024
• Number of homes on the market in the city: 93
• Median size of a listed home in the city: 1,421 square feet
• Number of cities considered in state: 29

South Carolina: Seneca

• 1-year change in local median list price: -4.8% (-$19,632)
• Median list price in city: $386,863 in June 2025, $406,495 in June 2024
• 1-year change in median list price statewide: +4.2% (+$15,000)
• Median list price in state: $374,900 in June 2025, $359,900 in June 2024
• Number of homes on the market in the city: 569
• Median size of a listed home in the city: 2,068 square feet
• Number of cities considered in state: 14

South Dakota: Brookings

• 1-year change in local median list price: -6.8% (-$25,850)
• Median list price in city: $353,650 in June 2025, $379,500 in June 2024
• 1-year change in median list price statewide: -0.8% (-$3,000)
• Median list price in state: $395,000 in June 2025, $398,000 in June 2024
• Number of homes on the market in the city: 158
• Median size of a listed home in the city: 1,645 square feet
• Number of cities considered in state: 10

Tennessee: Tullahoma-Manchester

• 1-year change in local median list price: -9.5% (-$40,000)
• Median list price in city: $379,900 in June 2025, $419,900 in June 2024
• 1-year change in median list price statewide: +0.0% (+$100)
• Median list price in state: $440,000 in June 2025, $439,900 in June 2024
• Number of homes on the market in the city: 419
• Median size of a listed home in the city: 1,853 square feet
• Number of cities considered in state: 21

Texas: Victoria

• 1-year change in local median list price: -9.8% (-$29,350)
• Median list price in city: $269,900 in June 2025, $299,250 in June 2024
• 1-year change in median list price statewide: -0.5% (-$1,990)
• Median list price in state: $378,000 in June 2025, $379,990 in June 2024
• Number of homes on the market in the city: 395
• Median size of a listed home in the city: 1,823 square feet
• Number of cities considered in state: 48

Utah: St. George

• 1-year change in local median list price: -6.7% (-$45,000)
• Median list price in city: $625,000 in June 2025, $670,000 in June 2024
• 1-year change in median list price statewide: -2.4% (-$15,020)
• Median list price in state: $599,950 in June 2025, $614,970 in June 2024
• Number of homes on the market in the city: 2,376
• Median size of a listed home in the city: 2,263 square feet
• Number of cities considered in state: 9

Virginia: Roanoke

• 1-year change in local median list price: -3.8% (-$14,125)
• Median list price in city: $360,825 in June 2025, $374,950 in June 2024
• 1-year change in median list price statewide: +5.3% (+$23,964)
• Median list price in state: $473,914 in June 2025, $449,950 in June 2024
• Number of homes on the market in the city: 1,431
• Median size of a listed home in the city: 1,948 square feet
• Number of cities considered in state: 11

Washington: Moses Lake

• 1-year change in local median list price: -8.1% (-$37,774)
• Median list price in city: $427,126 in June 2025, $464,900 in June 2024
• 1-year change in median list price statewide: +2.4% (+$15,750)
• Median list price in state: $674,750 in June 2025, $659,000 in June 2024
• Number of homes on the market in the city: 589
• Median size of a listed home in the city: 1,751 square feet
• Number of cities considered in state: 18

West Virginia: Parkersburg-Vienna

• 1-year change in local median list price: -3.3% (-$7,700)
• Median list price in city: $222,200 in June 2025, $229,900 in June 2024
• 1-year change in median list price statewide: +11.3% (+$28,010)
• Median list price in state: $275,000 in June 2025, $246,990 in June 2024
• Number of homes on the market in the city: 263
• Median size of a listed home in the city: 1,996 square feet
• Number of cities considered in state: 9

Wisconsin: Sparta

• 1-year change in local median list price: -7.0% (-$23,950)
• Median list price in city: $315,950 in June 2025, $339,900 in June 2024
• 1-year change in median list price statewide: +1.2% (+$4,900)
• Median list price in state: $399,900 in June 2025, $395,000 in June 2024
• Number of homes on the market in the city: 143
• Median size of a listed home in the city: 1,829 square feet
• Number of cities considered in state: 22

Wyoming: Cody

• 1-year change in local median list price: -3.6% (-$22,875)
• Median list price in city: $604,125 in June 2025, $627,000 in June 2024
• 1-year change in median list price statewide: +4.6% (+$21,741)
• Median list price in state: $496,741 in June 2025, $475,000 in June 2024
• Number of homes on the market in the city: 280
• Median size of a listed home in the city: 2,372 square feet
• Number of cities considered in state: 7

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