‘Hidden Gem’ Housing Markets Offering Big Bargains

December 30, 2019

In some markets, buyers are finding major deals on homes that have lingered on the market, but still, property values in those areas are performing well, according to a new analysis by realtor.com®.

Realtor.com®’s data team identified these “hidden gem” markets by factoring in days on the market, median home prices below the national median of $310,000, and low unemployment rates, among other items. The site limited its rankings to one metro per state for geographic diversity.

The most overlooked markets with great bargains, according to realtor.com®, are:

1. Cape Coral, Fla.

  • Median list price: $299,950
  • Median days on market: 87

2. El Paso, Texas

  • Median list price: $187,725
  • Median days on market: 76.25

3. Albany, N.Y.

  • Median list price: $294,950
  • Median days on market: 74.5

4. Augusta, Ga.

  • Median list price: $224,285.5
  • Median days on market: 73.5

5. Des Moines, Iowa

  • Median list price: $292,550
  • Median days on market: 72

6. Baton Rouge, La.

  • Median home list price: $247,446
  • Median days on market: 70.5

7. Columbia, S.C.

  • Median list Price: $239,950
  • Median days on market: 64