Housing Market 2023: 10 Cities With the Most Favorable Conditions for Homebuyers Right Now

It’s currently a tough time to be a homebuyer. Mortgage rates have hit the highest levels in decades, home prices have been soaring and real estate inventory remains low. Fortunately, there are still some places that offer (relatively) favorable conditions for homebuyers.

To identify the best places for homebuyers, Point2 analyzed 200 cities and found 10 markets with manageable prices, year-over-year price declines and a housing inventory that still offers viable options. Here are the 10 cities with the best prospects for homebuyers right now.

• Median home price: $135,500
• Home price change (2022 vs. 2023): -9.7%
• Inventory change (2022 vs. 2023): 42.1%
• Median days on market: 38

• Median home price: $183,000
• Home price change (2022 vs. 2023): -20.4%
• Inventory change (2022 vs. 2023): -4.6%
• Median days on market: 47

• Median home price: $321,000
• Home price change (2022 vs. 2023): -4.0%
• Inventory change (2022 vs. 2023): 55.2%
• Median days on market: 79

• Median home price: $226,500
• Home price change (2022 vs. 2023): -11.%
• Inventory change (2022 vs. 2023): 4.9%
• Median days on market: 37

• Median home price: $80,000
• Home price change (2022 vs. 2023): -5.9%
• Inventory change (2022 vs. 2023): 3.7%
• Median days on market: 32

• Median home price: $143,500
• Home price change (2022 vs. 2023): -21.6%
• Inventory change (2022 vs. 2023): 6.5%
• Median days on market: 27

• Median home price: $116,000
• Home price change (2022 vs. 2023): -7.2%
• Inventory change (2022 vs. 2023): -25.7%
• Median days on market: 45

• Median home price: $193,250
• Home price change (2022 vs. 2023): -3.4%
• Inventory change (2022 vs. 2023): 5.8%
• Median days on market: 33

• Median home price: $390,745
• Home price change (2022 vs. 2023): -5.8%
• Inventory change (2022 vs. 2023): 19.5%
• Median days on market: 42

• Median home price: $279,990
• Home price change (2022 vs. 2023): -1.8%
• Inventory change (2022 vs. 2023): 7.6%
• Median days on market: 38

Data is sourced from Point2 and is accurate as of Oct. 19, 2023.