In some markets, buyers are finding major deals on homes that have lingered on the market, but still, property values in those areas are performing well, according to a new analysis by realtor.com®.
Realtor.com®’s data team identified these “hidden gem” markets by factoring in days on the market, median home prices below the national median of $310,000, and low unemployment rates, among other items. The site limited its rankings to one metro per state for geographic diversity.
The most overlooked markets with great bargains, according to realtor.com®, are:
1. Cape Coral, Fla.
- Median list price: $299,950
- Median days on market: 87
2. El Paso, Texas
- Median list price: $187,725
- Median days on market: 76.25
3. Albany, N.Y.
- Median list price: $294,950
- Median days on market: 74.5
4. Augusta, Ga.
- Median list price: $224,285.5
- Median days on market: 73.5
5. Des Moines, Iowa
- Median list price: $292,550
- Median days on market: 72
6. Baton Rouge, La.
- Median home list price: $247,446
- Median days on market: 70.5
7. Columbia, S.C.
- Median list Price: $239,950
- Median days on market: 64
Source: “Hidden Gems: The 10 Most Under-the-Radar Markets Where Buyers Can Score a Fantastic Deal,” realtor.com(R) (Dec. 30, 2019)
