10 Cities With the Most Falling Home Prices in 2023

After a few years of unheard of price increases prospective homeowners will be overjoyed to learn that property prices are in fact declining in certain locations throughout the country.

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%.