50 Worst Housing Markets in the US for Growth

When buying a home — be it to live in or rent out to generate passive income — it’s important to know your local housing market conditions. Is it strong, stable and growing? Are mortgage rates decent? Or is it in an irreversible slump?

GOBankingRates determined the 50 worst housing markets in the U.S. for growth in 2025. To do this, we looked at the 200 largest metro statistical areas (MSAs) according to the real estate market and found the change in home value over the last two years, the mean days from pending to close, the share of listings with a price cut and the mean price cut.

Here are some key findings:

• North Port, Florida ranks as the worst housing market in America. Most notably, two-year home values have dropped over 5%.
• The second-worst housing market for growth is Austin, Texas, which was ranked as worst last year.
• Other Texas and Florida markets are also struggling: Cape Coral, Naples, Tampa and Palm Bay (Florida), and San Antonio and Dallas (Texas) all made it into the 10 worst markets for growth.
• Louisiana and Arizona markets round out that top 10, meaning that the South and Southwest have seen the worst housing market growth of the country.

Read on for details on the 50 U.S. housing markets that are the worst for growth.

Also see the worst states to buy property in the next five years.

• December 2024 home value: $231,861
• Two-year home value change (percentage): 5.5%
• Mean price cut: $8,302
• Share of listings with price cut: 25.5%
• Mean days to close: 32

• December 2024 home value: $819,381
• Two-year home value change (percentage): 2.7%
• Mean price cut: $53,395
• Share of listings with price cut: 18.6%
• Mean days to close: 26

• December 2024 home value: $437,243
• Two-year home value change (percentage): 7.8%
• Mean price cut: $17,671
• Share of listings with price cut: 27.3%
• Mean days to close: 37

• December 2024 home value: $554,770
• Two-year home value change (percentage): 1.9%
• Mean price cut: $20,311
• Share of listings with price cut: 22.8%
• Mean days to close: 30

• December 2024 home value: $279,398
• Two-year home value change (percentage): 5.3%
• Mean price cut: $9,432
• Share of listings with price cut: 29.7%
• Mean days to close: 32

• December 2024 home value: $498,890
• Two-year home value change (percentage): 3.1%
• Mean price cut: $12,642
• Share of listings with price cut: 28.1%
• Mean days to close: 29

• December 2024 home value: $498,772
• Two-year home value change (percentage): -0.7%
• Mean price cut: $12,825
• Share of listings with price cut: 23.6%
• Mean days to close: 32

• December 2024 home value: $164,279
• Two-year home value change (percentage): -4%
• Mean price cut: $10,807
• Share of listings with price cut: 19.5%
• Mean days to close: 32

• December 2024 home value: $264,230
• Two-year home value change (percentage): 5.3%
• Mean price cut: $13,346
• Share of listings with price cut: 22.1%
• Mean days to close: 34

• December 2024 home value: $426,565
• Two-year home value change (percentage): 3.4%
• Mean price cut: $14,829
• Share of listings with price cut: 21.1%
• Mean days to close: 40

• December 2024 home value: $560,932
• Two-year home value change (percentage): 2.6%
• Mean price cut: $15,470
• Share of listings with price cut: 29%
• Mean days to close: 27

• December 2024 home value: $405,222
• Two-year home value change (percentage): 0.8%
• Mean price cut: $15,474
• Share of listings with price cut: 24.4%
• Mean days to close: 30

• December 2024 home value: $475,068
• Two-year home value change (percentage): 0.2%
• Mean price cut: $15,072
• Share of listings with price cut: 27.4%
• Mean days to close: 29

• December 2024 home value: $212,773
• Two-year home value change (percentage): -1.5%
• Mean price cut: $13,209
• Share of listings with price cut: 17%
• Mean days to close: 32

• December 2024 home value: $232,087
• Two-year home value change (percentage): 0.2%
• Mean price cut: $9,562
• Share of listings with price cut: 24.3%
• Mean days to close: 28

• December 2024 home value: $1,052,010
• Two-year home value change (percentage): -0.2%
• Mean price cut: $56,126
• Share of listings with price cut: 16.8%
• Mean days to close: 41

• December 2024 home value: $353,743
• Two-year home value change (percentage): 1.6%
• Mean price cut: $13,713
• Share of listings with price cut: 24.6%
• Mean days to close: 32

• December 2024 home value: $545,631
• Two-year home value change (percentage): 0.4%
• Mean price cut: $13,600
• Share of listings with price cut: 27.7%
• Mean days to close: 28

• December 2024 home value: $251,286
• Two-year home value change (percentage): -0.2%
• Mean price cut: $13,228
• Share of listings with price cut: 21.7%
• Mean days to close: 31

• 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: $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: $1,777,474
• Two-year home value change (percentage): 1.3%
• Mean price cut: $75,143
• Share of listings with price cut: 18%
• Mean days to close: 27

• December 2024 home value: $785,448
• Two-year home value change (percentage): -1%
• Mean price cut: $31,066
• Share of listings with price cut: 20.4%
• Mean days to close: 28

• December 2024 home value: $247,980
• Two-year home value change (percentage): -4.3%
• Mean price cut: $10,816
• Share of listings with price cut: 18.3%
• Mean days to close: 32

• 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: $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: $199,706
• Two-year home value change (percentage): -1.7%
• Mean price cut: $9,278
• Share of listings with price cut: 21.3%
• Mean days to close: 32

• December 2024 home value: $407,079
• Two-year home value change (percentage): 2.5%
• Mean price cut: $14,433
• Share of listings with price cut: 24.6%
• Mean days to close: 35

• December 2024 home value: $460,605
• Two-year home value change (percentage): 0.2%
• Mean price cut: $11,302
• Share of listings with price cut: 27.3%
• Mean days to close: 32

• December 2024 home value: $360,416
• Two-year home value change (percentage): 1.4%
• Mean price cut: $13,676
• Share of listings with price cut: 23.2%
• Mean days to close: 39

• December 2024 home value: $293,623
• Two-year home value change (percentage): 1.5%
• Mean price cut: $12,188
• Share of listings with price cut: 25.1%
• Mean days to close: 34

• December 2024 home value: $407,681
• Two-year home value change (percentage): 0.2%
• Mean price cut: $19,861
• Share of listings with price cut: 21.4%
• Mean days to close: 35

• December 2024 home value: $188,200
• Two-year home value change (percentage): -3.9%
• Mean price cut: $9,784
• Share of listings with price cut: 21.4%
• Mean days to close: 32

• December 2024 home value: $310,944
• Two-year home value change (percentage): -0.4%
• Mean price cut: $14,155
• Share of listings with price cut: 23.5%
• Mean days to close: 29

• December 2024 home value: $601,363
• Two-year home value change (percentage): 0.9%
• Mean price cut: $14,361
• Share of listings with price cut: 29.4%
• Mean days to close: 29

• December 2024 home value: $278,648
• Two-year home value change (percentage): -1.5%
• Mean price cut: $11,965
• Share of listings with price cut: 23.6%
• Mean days to close: 36

• December 2024 home value: $311,079
• Two-year home value change (percentage): -1.9%
• Mean price cut: $10,133
• Share of listings with price cut: 24%
• Mean days to close: 35

• December 2024 home value: $396,490
• Two-year home value change (percentage): -1.3%
• Mean price cut: $29,371
• Share of listings with price cut: 18.7%
• Mean days to close: 35

• December 2024 home value: $357,809
• Two-year home value change (percentage): -1.7%
• Mean price cut: $12,406
• Share of listings with price cut: 25%
• Mean days to close: 29

• December 2024 home value: $334,844
• Two-year home value change (percentage): -1.7%
• Mean price cut: $13,397
• Share of listings with price cut: 23.4%
• Mean days to close: 35

• December 2024 home value: $354,012
• Two-year home value change (percentage): -0.8%
• Mean price cut: $12,955
• Share of listings with price cut: 25.6%
• Mean days to close: 33

• December 2024 home value: $461,438
• Two-year home value change (percentage): -0.6%
• Mean price cut: $14,155
• Share of listings with price cut: 29.6%
• Mean days to close: 30

• December 2024 home value: $384, 842
• Two-year home value change (percentage): 0.01%
• Mean price cut: $15,787
• Share of listings with price cut: 26%
• Mean days to close: 35

• December 2024 home value: $371,591
• Two-year home value change (percentage): -1.2%
• Mean price cut: $13,522
• Share of listings with price cut: 27.6%
• Mean days to close: 29

• 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: $701,877
• Two-year home value change (percentage): 0.9%
• Mean price cut: $51,177
• Share of listings with price cut: 17.5%
• Mean days to close: 38

• December 2024 home value: $281,752
• Two-year home value change (percentage): -5.1%
• Mean price cut: $11,298
• Share of listings with price cut: 24.6%
• Mean days to close: 30

• December 2024 home value: $386,428
• Two-year home value change (percentage): -5.6%
• Mean price cut: $20,040
• Share of listings with price cut: 18.8%
• Mean days to close: 34

• 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: $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

Travis Woods contributed to the reporting for this piece.

Editor’s note: Photos are for representational purposes only and might not reflect the exact locations listed.

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.