Over the past few years, many people have moved back in with their parents to save money (and spend quality time, of course!). Since then, market factors like elevated home prices and higher interest rates have kept plenty of them there.
An awesome gift idea for Mother’s Day? Give Mom back her guest room!
For those ready to shop for a home of their own, now could be a good time to do so – or perhaps even the best. RE/MAX recently revealed that late spring historically sees a surge of inventory hitting the market, meaning more options to choose from. And the median sales prices in multiple metro areas are still under $300,000.
According to the latest RE/MAX National Housing Report studying 50 markets across the U.S., here were the 10 locations with the lowest median sales price in March 2024:
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1. Cleveland, Ohio
Median Sales Price: $215,000
2. Pittsburgh, Pennsylvania
Median Sales Price: $225,000
3. St. Louis, Missouri
Median Sales Price: $229,700
4. Wichita, Kansas
Median Sales Price: $235,000
5. Detroit, Michigan
Median Sales Price: $250,000
6. Tulsa, Oklahoma
Median Sales Price: $260,000
7. Cincinnati, Ohio
Median Sales Price: $280,011
8. New Orleans, Louisiana
Median Sales Price: $285,000
9. Birmingham, Alabama
Median Sales Price: $290,000
10. Des Moines, Iowa
Median Sales Price: $299,000
Ready to buy a home? Contact a local RE/MAX agent today.
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Written by LEAH CURTIS
