5 Cities Where Home Prices Are Falling Most in the US

In this article, we will take a look at the 5 cities where home prices are falling most in the US. If you wish to see our detailed analysis, you can go to 20 Cities Where Home Prices Are Falling Most in the US.

5. Punta Gorda, Florida

YoY Change in Median Home Price: -5.5%

Punta Gorda is a US city situated in Southwest Florida. The declining home prices in the city are evident from the year-over-year decline of 5.5% in the city’s median home price, as recorded in 2023’s fourth quarter.

4. Akron, Ohio

YoY Change in Median Home Price: -5.6%

Based in Summit County in Ohio, Akron ranks as one of the US cities where home prices are falling most. As recorded in the fourth quarter of 2023, the year-over-year decrease in the city’s median home price was 5.6%.

3. Naples, Florida

YoY Change in Median Home Price: -5.9%

The median home price in Naples was reported to be $755,000 in the fourth quarter of 2023 while this price decreased by 5.9% year-over-year.

2. Cleveland, Ohio

YoY Change in Median Home Price: -8.6%

Cleveland is another US city where home prices are falling most. The median price in the city was recorded at $190,700 in the 2023’s fourth quarter. This price has decreased by 8.6% since 2022.

1. Jackson, Mississippi

YoY Change in Median Home Price: -14.1%

The capital of Mississippi, Jackson, ranks at the top of the 20 cities where home prices are falling the most in the US. The city’s median home price declined by 14.1% year-over-year in the fourth quarter of 2023.

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