Home prices are surging by double-digit percentages annually, but deals can still be found in pockets throughout the country.
Home prices are surging by double-digit percentages annually, but deals can still be found in pockets throughout the country.
Realtor.com®’s research team recently conducted a study to find out where. They searched listings in 150 of the largest metro areas to find which ones had the most homes for sale at $100,000 or less. That is significantly lower than the national median asking price, which was $340,000 in December, according to realtor.com® data. “Homes that are $100,000 or less aren’t exactly common,” says Danielle Hale, realtor.com®’s chief economist.
The following is realtor.com®’s list of the seven markets with the most listings for $100,000 or lower. Only one metro per state was included for geographic diversity. The metros reflected include the city and surrounding towns, suburbs, and smaller urban areas.
1. Detroit
- Median home list price: $251,550
- Number of homes listed at $100,000 or less: 1,070
2. St. Louis
- Median home list price: $231,500
- Number of homes listed at $100,000 or less: 916
3. Pittsburgh
- Median home list price: $239,500
- Number of homes listed at $100,000 or less: 659
4. Chicago
- Median home list price: $327,025
- Number of homes listed at $100,000 or less: 506
5. Davenport, Iowa
- Median home list price: $149,950
- Number of homes listed at $100,000 or less: 499
6. Cleveland
- Median home list price: $197,000
- Number of homes listed at $100,000 or less: 462
7. Birmingham, Ala.
- Median home list price: $256,800
- Number of homes listed at $100,000 or less: 386
Source: “What Rising Home Prices? Where You Can Find the Most Homes Priced at $100K or Less,” realtor.com® (Jan. 25, 2021)