10 Cities With Steep Discounts on Homes Listed as ‘Priced To Sell’

If you’re looking for a particularly good deal on a new home, pay attention to the language used in the listing. According to a new Realtor.com report, listings that include phrases like “priced to sell,” “undervalued,” “underpriced” and “bargain” typically come with lower-than-average listing prices. The report found that on a national level, listings with these phrases are priced at an average of 8.5% less than similar homes with similar configurations in similar neighborhoods.

In some metro areas, the average discount is even steeper, the report found. Here’s a look at the places with the biggest discounts on “priced to sell” homes.

Also see what the housing market will look like by the end of fall.

• Average discount: -23%
• Median listing price: $249,900
• Discount on median listing: $57,494
• Share of listings “priced to sell”: 2.6%

• Average discount: -18.7%
• Median listing price: $264,900
• Discount on median listing: $49,476
• Share of listings “priced to sell”: 2.7%

• Average discount: -15.9%
• Median listing price: $499,999
• Discount on median listing: $79,558
• Share of listings “priced to sell”: 3.9%

• Average discount: -14.5%
• Median listing price: $299,000
• Discount on median listing: $43,262
• Share of listings “priced to sell”: 3.0%

• Average discount: -12.6%
• Median listing price: $399,900
• Discount on median listing: $50,464
• Share of listings “priced to sell”: 2.8%

• Average discount: -12.5%
• Median listing price: $759,000
• Discount on median listing: $94,662
• Share of listings “priced to sell”: 1.9%

• Average discount: -11.5%
• Median listing price: $779,000
• Discount on median listing: $89,851
• Share of listings “priced to sell”: 2.1%

• Average discount: -11.4%
• Median listing price: $287,500
• Discount on median listing: $32,801
• Share of listings “priced to sell”: 3.0%

• Average discount: -11.2%
• Median listing price: $279,000
• Discount on median listing: $31,295
• Share of listings “priced to sell”: 2.8%

• Average discount: -10.9%
• Median listing price: $262,000
• Discount on median listing: $28,655
• Share of listings “priced to sell”: 3.0%

Data is sourced from Realtor.com and is accurate as of Sept. 25, 2024.