Metros Where Homes Are Selling for the Most Under Asking Price

Andrew Caballero-Reynolds // AFP via Getty Images

Metros where homes are selling for the most under asking price

It's a tough time to be in the market for a new house. As peak homebuying season comes to an end, homebuyers are competing for a smaller number of homes, sending prices higher.

The median sale price in August was $434,050, 3.2% higher than the year before. Of the homes that sold, 69.8% went for at or below their list price, and the average price difference was 0.7% less than asking.

Stacker analyzed data from Redfin to see where homes are selling for the most below the asking price. Metros, which include the main city as well is its surrounding town and suburbs, are ranked by the average sale-to-list ratio, which is the difference between what a home listed for and how much a buyer paid. Metros with fewer than 300 home sales are excluded from this list. Also shown are the metro area's median listing prices for homes on the market and median sale prices for homes that sold during that month.

You may also like: Nearly two-thirds of new office construction is in the Sun Belt—but don't count out the coasts

1 / 50

Canva

#50. Flint, Michigan

- Average price difference: 2.03% below list
-- Median list price: $209,900
-- Median sale price: $210,000
- Total homes sold: 439
-- Share that sold above list: 32.6%

2 / 50

Canva

#49. Gary, Indiana

- Average price difference: 2.06% below list
-- Median list price: $290,000
-- Median sale price: $273,000
- Total homes sold: 841
-- Share that sold above list: 21.6%

3 / 50

Canva

#48. South Bend, Indiana

- Average price difference: 2.09% below list
-- Median list price: $230,000
-- Median sale price: $247,499
- Total homes sold: 378
-- Share that sold above list: 29.9%

4 / 50

Maciej Bledowski // Shutterstock

#47. Boulder, Colorado

- Average price difference: 2.14% below list
-- Median list price: $729,000
-- Median sale price: $702,000
- Total homes sold: 362
-- Share that sold above list: 13.5%

5 / 50

ESB Professional // Shutterstock

#46. Pittsburgh, Pennsylvania

- Average price difference: 2.19% below list
-- Median list price: $239,000
-- Median sale price: $250,000
- Total homes sold: 2,161
-- Share that sold above list: 28.4%

You may also like: Which U.S. cities are best for first-time homebuyers?

6 / 50

vmfreire // Shutterstock

#45. Tallahassee, Florida

- Average price difference: 2.2% below list
-- Median list price: $307,450
-- Median sale price: $292,500
- Total homes sold: 423
-- Share that sold above list: 17%

7 / 50

Canva

#44. Dallas, Texas

- Average price difference: 2.26% below list
-- Median list price: $434,999
-- Median sale price: $424,995
- Total homes sold: 5,417
-- Share that sold above list: 14%

8 / 50

Sean Pavone // Shutterstock

#43. San Antonio, Texas

- Average price difference: 2.28% below list
-- Median list price: $309,999
-- Median sale price: $304,999
- Total homes sold: 2,918
-- Share that sold above list: 12%

9 / 50

Canva

#42. Asheville, North Carolina

- Average price difference: 2.31% below list
-- Median list price: $499,000
-- Median sale price: $468,000
- Total homes sold: 633
-- Share that sold above list: 18.6%

10 / 50

Canva

#41. Baton Rouge, Louisiana

- Average price difference: 2.34% below list
-- Median list price: $269,000
-- Median sale price: $265,000
- Total homes sold: 811
-- Share that sold above list: 12.3%

You may also like: Most people move homes within their county, but that number is shrinking

11 / 50

Canva

#40. Daphne, Alabama

- Average price difference: 2.39% below list
-- Median list price: $449,000
-- Median sale price: $373,900
- Total homes sold: 526
-- Share that sold above list: 10.8%

12 / 50

Sean Pavone // Shutterstock

#39. Birmingham, Alabama

- Average price difference: 2.41% below list
-- Median list price: $292,500
-- Median sale price: $287,100
- Total homes sold: 1,208
-- Share that sold above list: 22.4%

13 / 50

Songquan Deng // Shutterstock

#38. Orlando, Florida

- Average price difference: 2.43% below list
-- Median list price: $419,700
-- Median sale price: $407,990
- Total homes sold: 3,483
-- Share that sold above list: 11.9%

14 / 50

Eduardo Medrano // Shutterstock

#37. Little Rock, Arkansas

- Average price difference: 2.47% below list
-- Median list price: $250,000
-- Median sale price: $240,000
- Total homes sold: 990
-- Share that sold above list: 16.8%

15 / 50

Jacob Boomsma // Shutterstock

#36. Killeen, Texas

- Average price difference: 2.47% below list
-- Median list price: $279,000
-- Median sale price: $285,500
- Total homes sold: 490
-- Share that sold above list: 13.3%

16 / 50

Canva

#35. Ocala, Florida

- Average price difference: 2.48% below list
-- Median list price: $292,500
-- Median sale price: $278,495
- Total homes sold: 903
-- Share that sold above list: 12.7%

17 / 50

Canva

#34. Prescott Valley, Arizona

- Average price difference: 2.64% below list
-- Median list price: $579,780
-- Median sale price: $509,950
- Total homes sold: 364
-- Share that sold above list: 10.7%

18 / 50

Sean Pavone // Shutterstock

#33. Shreveport, Louisiana

- Average price difference: 2.65% below list
-- Median list price: $239,000
-- Median sale price: $234,975
- Total homes sold: 313
-- Share that sold above list: 15.7%

19 / 50

Thomas Kelley // Shutterstock

#32. Palm Bay, Florida

- Average price difference: 2.65% below list
-- Median list price: $384,900
-- Median sale price: $368,250
- Total homes sold: 1,071
-- Share that sold above list: 11.3%

20 / 50

Canva

#31. McAllen, Texas

- Average price difference: 2.66% below list
-- Median list price: $272,000
-- Median sale price: $245,000
- Total homes sold: 339
-- Share that sold above list: 15.6%

You may also like: Can landlords be held responsible for criminal activities on their properties?

21 / 50

Jacob Boomsma // Shutterstock

#30. Lafayette, Louisiana

- Average price difference: 2.68% below list
-- Median list price: $235,910
-- Median sale price: $239,000
- Total homes sold: 395
-- Share that sold above list: 11.6%

22 / 50

Colin D. Young // Shutterstock

#29. Pensacola, Florida

- Average price difference: 2.69% below list
-- Median list price: $338,900
-- Median sale price: $325,000
- Total homes sold: 861
-- Share that sold above list: 11.4%

23 / 50

AevanStock // Shutterstock

#28. Tampa, Florida

- Average price difference: 2.71% below list
-- Median list price: $390,000
-- Median sale price: $375,000
- Total homes sold: 5,042
-- Share that sold above list: 12.2%

24 / 50

StacieStauffSmith Photos // Shutterstock

#27. Myrtle Beach, South Carolina

- Average price difference: 2.73% below list
-- Median list price: $340,000
-- Median sale price: $340,000
- Total homes sold: 1,796
-- Share that sold above list: 8.5%

25 / 50

Canva

#26. Lake Havasu City, Arizona

- Average price difference: 2.74% below list
-- Median list price: $379,950
-- Median sale price: $344,999
- Total homes sold: 300
-- Share that sold above list: 10.7%

You may also like: The rent vs. buy debate in the Canadian housing market

26 / 50

Canva

#25. Austin, Texas

- Average price difference: 2.82% below list
-- Median list price: $469,990
-- Median sale price: $440,000
- Total homes sold: 2,596
-- Share that sold above list: 10.8%

27 / 50

ESB Professional // Shutterstock

#24. Jacksonville, Florida

- Average price difference: 2.88% below list
-- Median list price: $375,880
-- Median sale price: $365,000
- Total homes sold: 2,448
-- Share that sold above list: 12%

28 / 50

Canva

#23. Youngstown, Ohio

- Average price difference: 2.92% below list
-- Median list price: $183,700
-- Median sale price: $176,250
- Total homes sold: 475
-- Share that sold above list: 29.9%

29 / 50

Canva

#22. Mobile, Alabama

- Average price difference: 2.95% below list
-- Median list price: $230,000
-- Median sale price: $236,400
- Total homes sold: 368
-- Share that sold above list: 23.6%

30 / 50

Canva

#21. Houston, Texas

- Average price difference: 2.98% below list
-- Median list price: $351,420
-- Median sale price: $338,296
- Total homes sold: 7,243
-- Share that sold above list: 13.3%

You may also like: 4 crucial tips for Canadian homeowners considering renewing their mortgages in 2024

31 / 50

Canva

#20. Crestview, Florida

- Average price difference: 2.99% below list
-- Median list price: $474,990
-- Median sale price: $425,000
- Total homes sold: 631
-- Share that sold above list: 10%

32 / 50

Canva

#19. Memphis, Tennessee

- Average price difference: 3.02% below list
-- Median list price: $290,000
-- Median sale price: $294,200
- Total homes sold: 1,301
-- Share that sold above list: 16.8%

33 / 50

Canva

#18. Homosassa Springs, Florida

- Average price difference: 3.07% below list
-- Median list price: $308,750
-- Median sale price: $270,000
- Total homes sold: 321
-- Share that sold above list: 13.4%

34 / 50

Canva

#17. Kingsport, Tennessee

- Average price difference: 3.1% below list
-- Median list price: $299,000
-- Median sale price: $264,325
- Total homes sold: 301
-- Share that sold above list: 16.3%

35 / 50

Canva

#16. Deltona, Florida

- Average price difference: 3.17% below list
-- Median list price: $379,400
-- Median sale price: $343,100
- Total homes sold: 1,282
-- Share that sold above list: 11%

You may also like: Where veterans are buying the most homes

36 / 50

Canva

#15. Gainesville, Florida

- Average price difference: 3.18% below list
-- Median list price: $305,025
-- Median sale price: $300,000
- Total homes sold: 352
-- Share that sold above list: 11.1%

37 / 50

Canva

#14. Montgomery, Alabama

- Average price difference: 3.18% below list
-- Median list price: $239,000
-- Median sale price: $250,000
- Total homes sold: 417
-- Share that sold above list: 16.3%

38 / 50

Sean Pavone // Shutterstock

#13. Jackson, Mississippi

- Average price difference: 3.21% below list
-- Median list price: $269,000
-- Median sale price: $255,000
- Total homes sold: 416
-- Share that sold above list: 16.1%

39 / 50

Canva

#12. Springfield, Missouri

- Average price difference: 3.27% below list
-- Median list price: $279,900
-- Median sale price: $276,000
- Total homes sold: 620
-- Share that sold above list: 0%

40 / 50

Sean Pavone // Shutterstock

#11. Gulfport, Mississippi

- Average price difference: 3.3% below list
-- Median list price: $262,777
-- Median sale price: $245,000
- Total homes sold: 547
-- Share that sold above list: 9.5%

You may also like: Using vacant commercial spaces as affordable artist studios is a win-win

41 / 50

Felix Mizioznikov // Shutterstock

#10. Port St. Lucie, Florida

- Average price difference: 3.36% below list
-- Median list price: $430,000
-- Median sale price: $405,000
- Total homes sold: 873
-- Share that sold above list: 8.6%

42 / 50

Canva

#9. Panama City, Florida

- Average price difference: 3.48% below list
-- Median list price: $380,000
-- Median sale price: $360,000
- Total homes sold: 395
-- Share that sold above list: 9.1%

43 / 50

Canva

#8. North Port, Florida

- Average price difference: 3.58% below list
-- Median list price: $440,000
-- Median sale price: $430,990
- Total homes sold: 1,769
-- Share that sold above list: 6.4%

44 / 50

Canva

#7. Cape Coral, Florida

- Average price difference: 3.62% below list
-- Median list price: $400,000
-- Median sale price: $381,500
- Total homes sold: 1,640
-- Share that sold above list: 9.8%

45 / 50

mariakray // Shutterstock

#6. Fort Lauderdale, Florida

- Average price difference: 3.67% below list
-- Median list price: $450,000
-- Median sale price: $437,750
- Total homes sold: 2,360
-- Share that sold above list: 11.6%

You may also like: When seniors move homes, how far do they go?

46 / 50

Sean Pavone // Shutterstock

#5. Miami, Florida

- Average price difference: 3.85% below list
-- Median list price: $580,000
-- Median sale price: $537,000
- Total homes sold: 2,158
-- Share that sold above list: 12.2%

47 / 50

Khairil Azhar Junos // Shutterstock

#4. Punta Gorda, Florida

- Average price difference: 4.25% below list
-- Median list price: $369,297
-- Median sale price: $329,999
- Total homes sold: 584
-- Share that sold above list: 9.4%

48 / 50

Canva

#3. New Orleans, Louisiana

- Average price difference: 4.42% below list
-- Median list price: $298,750
-- Median sale price: $275,000
- Total homes sold: 989
-- Share that sold above list: 12.2%

49 / 50

Canva

#2. West Palm Beach, Florida

- Average price difference: 4.54% below list
-- Median list price: $512,000
-- Median sale price: $480,000
- Total homes sold: 2,072
-- Share that sold above list: 6.9%

50 / 50

Andriy Blokhin // Shutterstock

#1. Naples, Florida

- Average price difference: 4.79% below list
-- Median list price: $652,450
-- Median sale price: $620,000
- Total homes sold: 606
-- Share that sold above list: 4%

You may also like: 57 US counties where homeownership has become unaffordable