10 Cities Where Home Prices Are Expected To Drop the Most Over the Next Year

It’s no secret that the American housing market is in a slump, with The New York Times reporting that the country is locked in an unprecedented housing crisis that is the worst in decades. In fact, CNN has reported that only 2.5% of homes in the United States were sold from the previous homeowner to a new one in the first eight months of 2024, which adds up to the absolute lowest home turnover rate in the last 30 years.

There are some silver linings, though.

Combining resources and information from the U.S. Census, Sperling’s BestPlaces, the Bureau of Labor Statistics, AreaVibes, Zillow and Federal  Reserve Economic Research, GOBankingRates has located 10 American cities where housing prices will drop the most in 2025. While the overall market may be in a slump with skyrocketing home prices and expensive cost of living, these 10 cities are projected to have dropping home value percentages and costs by August 2025.

So if the modern housing landscape and cratering market have left you despondent about your chances of owning a home, consider the houses in the following cities, all of which are expected to see lowering prices in the next eight months.

• Home value % change forecast for August 2025: -10%
• Home value $ change forecast for August 2025: -$18,121

• Home value % change forecast for August 2025: -9.6%
• Home value $ change forecast for August 2025: -$17,884

• Home value % change forecast for August 2025: -7.8%
• Home value $ change forecast for August 2025: -$14,464

• Home value % change forecast for August 2025: -6.2%
• Home value $ change forecast for August 2025: -$29,822

• Home value % change forecast for August 2025: -6.1%
• Home value $ change forecast for August 2025: -$13,207

• Home value % change forecast for August 2025: -5.8%
• Home value $ change forecast for August 2025: -$13,494

• Home value % change forecast for August 2025: -5.7%
• Home value $ change forecast for August 2025: -$8,607

• Home value % change forecast for August 2025: -5.5%
• Home value $ change forecast for August 2025: -$8,895

• Home value % change forecast for August 2025: -5%
• Home value $ change forecast for August 2025: -$10,541

• Home value % change forecast for August 2025: -4.8%
• Home value $ change forecast for August 2025: -$6,373

Methodology: The estimated future home value for November 2024 and August 2025 were both sourced from Zillow Home Value Forecast. All data was collected on and is up to date as of Oct. 4, 2024.