Worst Housing Markets for Growth in the South

Most of the top housing markets in 2025 are projected to be in the South and West, but not every market in those regions will show the same growth. And some won’t show much growth at all.

GOBankingRates examined the 200 largest metros in the U.S. to discover housing markets that have had depressed growth over the past two years. The data revealed change in home value from 2022 to 2024, plus housing inventory, price cuts and more.

Here are the locations in the South that have been the worst for growth.

• December 2024 home value: $303,018
• Two-year home value change (percentage): 0.8%
• Mean price cut: $7,885
• Share of listings with price cut: 25.5%
• Mean days to close: 32

• December 2024 home value: $450,174
• Two-year home value change (percentage): -5.1%
• Mean price cut: $21,197
• Share of listings with price cut: 23.5%
• Mean days to close: 38

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• December 2024 home value: $384,031
• Two-year home value change (percentage): 3.5%
• Mean price cut: $13,097
• Share of listings with price cut: 24.9%
• Mean days to close: 25

• December 2024 home value: $260,734
• Two-year home value change (percentage): 8.4%
• Mean price cut: $9,280
• Share of listings with price cut: 26.8%
• Mean days to close: 34

• December 2024 home value: $234,281
• Two-year home value change (percentage): -10.3%
• Mean price cut: $14,583
• Share of listings with price cut: 19.6%
• Mean days to close: 33

• December 2024 home value: $408,654
• Two-year home value change (percentage): 5.4%
• Mean price cut: $17,367
• Share of listings with price cut: 21.8%
• Mean days to close: 39

• December 2024 home value: $190,951
• Two-year home value change (percentage): 2.9%
• Mean price cut: $9,244
• Share of listings with price cut: 21.6%
• Mean days to close: 35

• December 2024 home value: $443,111
• Two-year home value change (percentage): 1.8%
• Mean price cut: $12,107
• Share of listings with price cut: 27.8%
• Mean days to close: 35

• December 2024 home value: $360,416
• Two-year home value change (percentage): 1.1%
• Mean price cut: $13,676
• Share of listings with price cut: 23.2%
• Mean days to close: 39

• December 2024 home value: $442,350
• Two-year home value change (percentage): 1.4%
• Mean price cut: $17,442
• Share of listings with price cut: 26.8%
• Mean days to close: 33

• December 2024 home value: $450,099
• Two-year home value change (percentage): -11%
• Mean price cut: $20,173
• Share of listings with price cut: 22.5%
• Mean days to close: 25

• December 2024 home value: $277,950
• Two-year home value change (percentage): 11.6%
• Mean price cut: $8,640
• Share of listings with price cut: 27.1%
• Mean days to close: 36

• December 2024 home value: $150,895
• Two-year home value change (percentage): 5.8%
• Mean price cut: $11,083
• Share of listings with price cut: 21.0%
• Mean days to close: 38

Methodology: GOBankingRates looked at the 200 largest Metro Statistical Areas (MSA). For each MSA, GOBankingRates found (1) 1-year percent change in home value; (2) 1-year change in home value in USD; (3) 2-year percent change in home value; (4) 2-year change in home value in USD; (5) For-Sale Inventory; (6) mean days from listing to pending; (7) mean list to sale ratio; (8) mean days from pending to close; (9) share of listings with a price cut; and (10) mean price cut. All data was sourced from Zillow’s December 2024 data. All factors were then scored and combined, with the highest score being the worst housing markets. In final calculations factors (1), (2), (9), and (10) were weighted 2x and factor (5) was weighted 0.5x. All data was collected on and is up to date as of Jan. 29, 2025.