10 Cities Where Home Prices Are Falling Most in 2023

Home buyers who are looking for a home will be ecstatic to hear that property prices are actually down in a number of locations countrywide after a few years of unheard-of price increases.

1. Boise, Idaho Median listing price: $609,875 Median listing price per square foot: $282 Change in year-over-year price per square foot: -7.8%

2. Austin, Texas Median listing price: $583,751 Median listing price per square foot: $276 Change in year-over-year price per square foot: -7.7%

3. Myrtle Beach, South Carolina Median listing price: $366,075 Median listing price per square foot: $225 Change in year-over-year price per square foot: -7.3%

4. Phoenix Median listing price: $529,450 Median listing price per square foot: $274 Change in year-over-year price per square foot: -5.6%

5. Sarasota, Florida Median listing price: $549,900 Median listing price per square foot: $305 Change in year-over-year price per square foot: -4.7%

6. Salt Lake City Median listing price: $635,000 Median listing price per square foot: $247 Change in year-over-year price per square foot: -4.0%

7. Pittsburgh Median listing price: $238,250 Median listing price per square foot: $152 Change in year-over-year price per square foot: -3.9%

8. Winston-Salem, North Carolina Median listing price: $345,899 Median listing price per square foot: $148 Change in year-over-year price per square foot: -3.6%

9. Sacramento, California Median listing price: $662,875 Median listing price per square foot: $340 Change in year-over-year price per square foot: -3.4%

10. Chicago Median listing price: $376,000 Median listing price per square foot: $205 Change in year-over-year price per square foot: -1.1%

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