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Metros where homes are selling for the most under asking price

Median sale price in November 2023 was $408,732

Stock image. Pixabay (Pexels)

Itโ€™s a tough time to be in the market for a new house.

The average 30-year fixed rate mortgage rose above 7% at the start of November 2022, the highest level in more than a decade, as the Federal Reserve raised its benchmark rates to combat inflation. Rates have dipped slightly since, but remain at historic highs. Even a half of a percentage point change can significantly affect the monthly payments required for a mortgage.

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#50. Fayetteville, Arkansas

- Average price difference: -1.93% under asking
-- Median list price: $380,000
-- Median sale price: $348,000
- Total homes sold: 705
-- Share that sold above list: 14.8%

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#49. Fort Worth, Texas

- Average price difference: -1.94% under asking
-- Median list price: $358,279
-- Median sale price: $350,000
- Total homes sold: 1,832
-- Share that sold above list: 20.6%

f11photo // Shutterstock

#48. Louisville, Kentucky

- Average price difference: -1.97% under asking
-- Median list price: $263,900
-- Median sale price: $260,000
- Total homes sold: 1,194
-- Share that sold above list: 22.4%

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#47. Spartanburg, South Carolina

- Average price difference: -2.00% under asking
-- Median list price: $301,344
-- Median sale price: $280,000
- Total homes sold: 391
-- Share that sold above list: 12.8%

JNix // Shutterstock

#46. Augusta, Georgia

- Average price difference: -2.01% under asking
-- Median list price: $295,000
-- Median sale price: $260,000
- Total homes sold: 599
-- Share that sold above list: 19.0%

Giorgia Basso // Shutterstock

#45. Killeen, Texas

- Average price difference: -2.15% under asking
-- Median list price: $289,650
-- Median sale price: $262,750
- Total homes sold: 400
-- Share that sold above list: 16.2%

Leigh Trail // Shutterstock

#44. Honolulu, Hawaii

- Average price difference: -2.19% under asking
-- Median list price: $759,000
-- Median sale price: $684,500
- Total homes sold: 492
-- Share that sold above list: 22.8%

Valiik30 // Shutterstock

#43. Tulsa, Oklahoma

- Average price difference: -2.21% under asking
-- Median list price: $268,250
-- Median sale price: $250,000
- Total homes sold: 890
-- Share that sold above list: 27.1%

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#42. Dallas, Texas

- Average price difference: -2.25% under asking
-- Median list price: $425,000
-- Median sale price: $413,500
- Total homes sold: 3,960
-- Share that sold above list: 16.2%

KYPhua // Shutterstock

#41. Indianapolis, Indiana

- Average price difference: -2.28% under asking
-- Median list price: $279,900
-- Median sale price: $289,350
- Total homes sold: 2,250
-- Share that sold above list: 16.9%

Eduardo Medrano // Shutterstock

#40. Little Rock, Arkansas

- Average price difference: -2.29% under asking
-- Median list price: $255,000
-- Median sale price: $215,912
- Total homes sold: 619
-- Share that sold above list: 19.2%

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#39. Flint, Michigan

- Average price difference: -2.30% under asking
-- Median list price: $179,900
-- Median sale price: $180,000
- Total homes sold: 423
-- Share that sold above list: 26.0%

StacieStauffSmith Photos // Shutterstock

#38. Myrtle Beach, South Carolina

- Average price difference: -2.31% under asking
-- Median list price: $350,770
-- Median sale price: $325,885
- Total homes sold: 1,502
-- Share that sold above list: 8.4%

Philip Lange // Shutterstock

#37. Baton Rouge, Louisiana

- Average price difference: -2.34% under asking
-- Median list price: $264,900
-- Median sale price: $260,000
- Total homes sold: 600
-- Share that sold above list: 11.0%

Songquan Deng // Shutterstock

#36. Orlando, Florida

- Average price difference: -2.35% under asking
-- Median list price: $405,000
-- Median sale price: $399,990
- Total homes sold: 2,810
-- Share that sold above list: 13.3%

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#35. Gary, Indiana

- Average price difference: -2.38% under asking
-- Median list price: $274,935
-- Median sale price: $264,950
- Total homes sold: 606
-- Share that sold above list: 19.3%

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#34. Daphne, Alabama

- Average price difference: -2.39% under asking
-- Median list price: $399,441
-- Median sale price: $368,500
- Total homes sold: 388
-- Share that sold above list: 9.5%

Colin D. Young // Shutterstock

#33. Pensacola, Florida

- Average price difference: -2.40% under asking
-- Median list price: $339,000
-- Median sale price: $324,450
- Total homes sold: 560
-- Share that sold above list: 15.2%

Vladimir Mucibabic // Shutterstock

#32. Detroit, Michigan

- Average price difference: -2.40% under asking
-- Median list price: $154,900
-- Median sale price: $171,750
- Total homes sold: 1,520
-- Share that sold above list: 37.1%

travelview // Shutterstock

#31. Reno, Nevada

- Average price difference: -2.41% under asking
-- Median list price: $529,900
-- Median sale price: $535,000
- Total homes sold: 408
-- Share that sold above list: 15.4%

AevanStock // Shutterstock

#30. Tampa, Florida

- Average price difference: -2.45% under asking
-- Median list price: $395,000
-- Median sale price: $377,990
- Total homes sold: 4,019
-- Share that sold above list: 12.8%

Pat McGinley // Shutterstock

#29. North Port, Florida

- Average price difference: -2.52% under asking
-- Median list price: $518,736
-- Median sale price: $469,472
- Total homes sold: 1,643
-- Share that sold above list: 11.9%

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#28. Houston, Texas

- Average price difference: -2.52% under asking
-- Median list price: $339,900
-- Median sale price: $326,990
- Total homes sold: 6,164
-- Share that sold above list: 14.1%

Jacob Boomsma // Shutterstock

#27. Lafayette, Louisiana

- Average price difference: -2.66% under asking
-- Median list price: $242,000
-- Median sale price: $220,000
- Total homes sold: 310
-- Share that sold above list: 13.5%

ESB Professional // Shutterstock

#26. Jacksonville, Florida

- Average price difference: -2.75% under asking
-- Median list price: $369,000
-- Median sale price: $375,000
- Total homes sold: 1,819
-- Share that sold above list: 12.7%

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#25. Peoria, Illinois

- Average price difference: -2.75% under asking
-- Median list price: $139,900
-- Median sale price: $146,900
- Total homes sold: 401
-- Share that sold above list: 27.2%

Thomas Kelley // Shutterstock

#24. Palm Bay, Florida

- Average price difference: -2.76% under asking
-- Median list price: $373,900
-- Median sale price: $354,900
- Total homes sold: 892
-- Share that sold above list: 9.4%

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#23. Hilton Head Island, South Carolina

- Average price difference: -2.76% under asking
-- Median list price: $525,084
-- Median sale price: $530,000
- Total homes sold: 400
-- Share that sold above list: 11.0%

H.J. Herrera // Shutterstock

#22. Ocala, Florida

- Average price difference: -2.78% under asking
-- Median list price: $281,944
-- Median sale price: $275,000
- Total homes sold: 710
-- Share that sold above list: 13.5%

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#21. Montgomery, Alabama

- Average price difference: -2.85% under asking
-- Median list price: $234,500
-- Median sale price: $234,725
- Total homes sold: 330
-- Share that sold above list: 13.0%

ESB Professional // Shutterstock

#20. Pittsburgh, Pennsylvania

- Average price difference: -2.87% under asking
-- Median list price: $218,000
-- Median sale price: $210,000
- Total homes sold: 1,755
-- Share that sold above list: 28.3%

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#19. Memphis, Tennessee

- Average price difference: -2.92% under asking
-- Median list price: $278,000
-- Median sale price: $269,000
- Total homes sold: 998
-- Share that sold above list: 17.0%

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#18. Austin, Texas

- Average price difference: -2.95% under asking
-- Median list price: $489,990
-- Median sale price: $425,000
- Total homes sold: 2,003
-- Share that sold above list: 12.0%

MyArt4U // Shutterstock

#17. Deltona, Florida

- Average price difference: -2.97% under asking
-- Median list price: $369,900
-- Median sale price: $351,995
- Total homes sold: 984
-- Share that sold above list: 10.6%

Andrew J Simcox // Shutterstock

#16. Philadelphia, Pennsylvania

- Average price difference: -3.15% under asking
-- Median list price: $260,000
-- Median sale price: $237,750
- Total homes sold: 1,657
-- Share that sold above list: 26.5%

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#15. Crestview, Florida

- Average price difference: -3.16% under asking
-- Median list price: $482,200
-- Median sale price: $409,900
- Total homes sold: 519
-- Share that sold above list: 11.4%

mariakray // Shutterstock

#14. Fort Lauderdale, Florida

- Average price difference: -3.31% under asking
-- Median list price: $435,000
-- Median sale price: $426,000
- Total homes sold: 1,946
-- Share that sold above list: 15.1%

Felix Mizioznikov // Shutterstock

#13. Port St. Lucie, Florida

- Average price difference: -3.34% under asking
-- Median list price: $429,900
-- Median sale price: $406,900
- Total homes sold: 687
-- Share that sold above list: 10.6%

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#12. Cape Coral, Florida

- Average price difference: -3.45% under asking
-- Median list price: $449,000
-- Median sale price: $395,000
- Total homes sold: 1,318
-- Share that sold above list: 10.1%

Sean Pavone // Shutterstock

#11. Gulfport, Mississippi

- Average price difference: -3.48% under asking
-- Median list price: $270,062
-- Median sale price: $249,650
- Total homes sold: 380
-- Share that sold above list: 12.9%

Sean Pavone // Shutterstock

#10. Miami, Florida

- Average price difference: -3.57% under asking
-- Median list price: $580,000
-- Median sale price: $515,000
- Total homes sold: 1,772
-- Share that sold above list: 14.8%

Khairil Azhar Junos // Shutterstock

#9. Punta Gorda, Florida

- Average price difference: -3.57% under asking
-- Median list price: $389,999
-- Median sale price: $353,248
- Total homes sold: 488
-- Share that sold above list: 8.0%

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#8. Panama City, Florida

- Average price difference: -3.83% under asking
-- Median list price: $399,900
-- Median sale price: $360,000
- Total homes sold: 315
-- Share that sold above list: 8.9%

Sean Pavone // Shutterstock

#7. San Antonio, Texas

- Average price difference: -3.92% under asking
-- Median list price: $319,999
-- Median sale price: $295,000
- Total homes sold: 2,156
-- Share that sold above list: 13.4%

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#6. Springfield, Missouri

- Average price difference: -3.98% under asking
-- Median list price: $249,900
-- Median sale price: $264,400
- Total homes sold: 465
-- Share that sold above list: 0.6%

Andriy Blokhin // Shutterstock

#5. Naples, Florida

- Average price difference: -4.02% under asking
-- Median list price: $829,900
-- Median sale price: $601,000
- Total homes sold: 595
-- Share that sold above list: 6.6%

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#4. West Palm Beach, Florida

- Average price difference: -4.11% under asking
-- Median list price: $516,000
-- Median sale price: $460,000
- Total homes sold: 1,764
-- Share that sold above list: 8.9%

TFoxFoto // Shutterstock

#3. New Orleans, Louisiana

- Average price difference: -4.24% under asking
-- Median list price: $291,900
-- Median sale price: $268,000
- Total homes sold: 776
-- Share that sold above list: 11.7%

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#2. Youngstown, Ohio

- Average price difference: -4.36% under asking
-- Median list price: $149,900
-- Median sale price: $150,000
- Total homes sold: 437
-- Share that sold above list: 25.4%

Sean Pavone // Shutterstock

#1. Jackson, Mississippi

- Average price difference: -4.55% under asking
-- Median list price: $229,450
-- Median sale price: $210,000
- Total homes sold: 431
-- Share that sold above list: 16.2%

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