When buying a home — be it to live in or to rent out to generate passive income — it is important to know the conditions of the local housing market. Is it strong, stable and growing? Or is it in a slump that could be irreversible? GOBankingRates determined the 50 worst housing markets in the U.S. for growth.

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Here are some key findings.

  • Austin ranks as the worst housing market in America. Most notably, two-year home values have dropped nearly 18%. 
  • The second-worst housing market for growth is New Orleans.
  • Phoenix ranks No. 9 among the worst housing markets in U.S. for growth.
  • Five of the 10 worst housing markets are in Florida. Among these are North Port, Cape Coral and Crestview.

The 50 worst housing markets in the U.S. for growth

To rank the worst housing markets in U.S. for growth, we looked at the 200 largest metro statistical areas (MSAs) according to the real estate market and found the one-year percentage change in home value, the two-year percentage change in home value, the mean days from pending to close, the share of listings with a price cut and the mean price cut.

50. Salinas, California 

  • June 2024 home value: $844,402
  • One-year home value change (percentage): 6.04%
  • Two-year home value change (percentage): 1.59%
  • Mean price cut: $80,737
  • Share of listings with price cut: 20.39%
  • Mean days to close: 29

49. Orlando, Florida 

  • June 2024 home value: $399,253
  • One-year home value change (percentage): 3.22%
  • Two-year home value change (percentage): 5.26%
  • Mean price cut: $14,907
  • Share of listings with price cut: 29.30%
  • Mean days to close: 34

48. Baton Rouge, Louisiana

  • June 2024 home value: $240,017
  • One-year home value change (percentage): 1.66%
  • Two-year home value change (percentage): 3.60%
  • Mean price cut: $11,512
  • Share of listings with price cut: 26.01%
  • Mean days to close: 34

47. Eugene, Oregon 

  • June 2024 home value: $455,582
  • One-year home value change (percentage): 1.32%
  • Two-year home value change (percentage): -0.71%
  • Mean price cut: $20,297
  • Share of listings with price cut: 24.29%
  • Mean days to close: 30

46. Shreveport, Louisiana

  • June 2024 home value: $174,384
  • One-year home value change (percentage): 4.06%
  • Two-year home value change (percentage): 0.15%
  • Mean price cut: $11,597
  • Share of listings with price cut: 26.00%
  • Mean days to close: 34

45. Reno, Nevada

  • June 2024 home value: $548,869
  • One-year home value change (percentage): 4.64%
  • Two-year home value change (percentage): -5.47%
  • Mean price cut: $26,683
  • Share of listings with price cut: 23.18%
  • Mean days to close: 32

44. Salisbury, Maryland

  • June 2024 home value: $423,739
  • One-year home value change (percentage): 2.27%
  • Two-year home value change (percentage): 3.37%
  • Mean price cut: $21,070
  • Share of listings with price cut: 26.53%
  • Mean days to close: 37

43. Jackson, Mississippi

  • June 2024 home value: $197,464
  • One-year home value change (percentage): 0.78%
  • Two-year home value change (percentage): 3.11%
  • Mean price cut: $11,977
  • Share of listings with price cut: 25.04%
  • Mean days to close: 36

42. Longview, Texas

  • June 2024 home value: $218,205
  • One-year home value change (percentage): 0.30%
  • Two-year home value change (percentage): 5.59%
  • Mean price cut: $12,216
  • Share of listings with price cut: 24.49%
  • Mean days to close: 26

41. Greeley, Colorado 

  • June 2024 home value: $500,073
  • One-year home value change (percentage): 0.72%
  • Two-year home value change (percentage): -4.39%
  • Mean price cut: $16,690
  • Share of listings with price cut: 22.94%
  • Mean days to close: 31

40. San Francisco

  • June 2024 home value: $1,180,321
  • One-year home value change (percentage): 5.04%
  • Two-year home value change (percentage): -7.27%
  • Mean price cut: $69,905
  • Share of listings with price cut: 17.62%
  • Mean days to close: 23

39. Laredo, Texas

  • June 2024 home value: $206,726
  • One-year home value change (percentage): -3.38%
  • Two-year home value change (percentage): 0.60%
  • Mean price cut: $10,330
  • Share of listings with price cut: 16.13%
  • Mean days to close: 28

38. Ogden, Utah

  • June 2024 home value: $498,019
  • One-year home value change (percentage): 2.64%
  • Two-year home value change (percentage): -4.36%
  • Mean price cut: $13,821
  • Share of listings with price cut: 29.09%
  • Mean days to close: 28

37. Huntsville, Alabama

  • June 2024 home value: $309,499
  • One-year home value change (percentage): 0.48%
  • Two-year home value change (percentage): 0.48% 
  • Mean price cut: $10,268
  • Share of listings with price cut: 28.15%
  • Mean days to close: 32

36. Myrtle Beach, South Carolina

  • June 2024 home value: $338,481
  • One-year home value change (percentage): 1.80%
  • Two-year home value change (percentage): 4.35%
  • Mean price cut: $11,694
  • Share of listings with price cut: 28.19%
  • Mean days to close: 37

35. Spokane, Washington

  • June 2024 home value: $417,086
  • One-year home value change (percentage): 1.49%
  • Two-year home value change (percentage): -3.83%
  • Mean price cut: $17,579
  • Share of listings with price cut: 27.12%
  • Mean days to close: 29

34. Portland, Oregon

  • June 2024 home value: $554,847
  • One-year home value change (percentage): 1.64%
  • Two-year home value change (percentage): -4.08%
  • Mean price cut: $23,109
  • Share of listings with price cut: 24.86%
  • Mean days to close: 29

33. Pensacola, Florida

  • June 2024 home value: $309,736
  • One-year home value change (percentage): 1.79%
  • Two-year home value change (percentage): 3.64%
  • Mean price cut: $12,737
  • Share of listings with price cut: 31.34%
  • Mean days to close: 34

32. Salt Lake City

  • June 2024 home value: $548,835
  • One-year home value change (percentage): 2.57%
  • Two-year home value change (percentage): -4.94%
  • Mean price cut: $18,638
  • Share of listings with price cut: 30.24%
  • Mean days to close: 27

31. Lubbock, Texas

  • June 2024 home value: $209,214
  • One-year home value change (percentage): -0.14%
  • Two-year home value change (percentage): 1.74%
  • Mean price cut: $9,877
  • Share of listings with price cut: 28.95%
  • Mean days to close: 33

30. Corpus Christi, Texas

  • June 2024 home value: $224,512
  • One-year home value change (percentage): 0.33%
  • Two-year home value change (percentage): 0.05%
  • Mean price cut: $17,191
  • Share of listings with price cut: 22.97%
  • Mean days to close: 30

29. Waco, Texas 

  • June 2024 home value: $261,013
  • One-year home value change (percentage): 0.81%
  • Two-year home value change (percentage): 1.74%
  • Mean price cut: $13,464
  • Share of listings with price cut: 28.90%
  • Mean days to close: 31

28. Lakeland, Florida

  • June 2024 home value: $315,149
  • One-year home value change (percentage): 1.44%
  • Two-year home value change (percentage): 1.47%
  • Mean price cut: $10,537
  • Share of listings with price cut: 30.18%
  • Mean days to close: 34

27. Killeen, Texas

  • June 2024 home value: $258,289
  • One-year home value change (percentage): -1.03%
  • Two-year home value change (percentage): -0.94%
  • Mean price cut: $12,284
  • Share of listings with price cut: 23.30%
  • Mean days to close: 32

26. Port St. Lucie, Florida

  • June 2024 home value: ​​$401,971
  • One-year home value change (percentage): 2.50%
  • Two-year home value change (percentage): 2.90%
  • Mean price cut: $19,065
  • Share of listings with price cut: 29.63%
  • Mean days to close: 34

25. Houston

  • June 2024 home value: $312,052
  • One-year home value change (percentage): 1.41%
  • Two-year home value change (percentage): 0.69%
  • Mean price cut: $15,072
  • Share of listings with price cut: 28.83%
  • Mean days to close: 29

24. Nashville, Tennessee

  • June 2024 home value: $447,170
  • One-year home value change (percentage): 1.99%
  • Two-year home value change (percentage): -0.38%
  • Mean price cut: $21,392
  • Share of listings with price cut: 32.19%
  • Mean days to close: 32

23. Colorado Springs, Colorado

  • June 2024 home value: $464,036
  • One-year home value change (percentage): 1.45%
  • Two-year home value change (percentage): -4.61%
  • Mean price cut: $13,065
  • Share of listings with price cut: 31.61%
  • Mean days to close: 32

22. Denver

  • June 2024 home value: $592,720
  • One-year home value change (percentage): 2.01%
  • Two-year home value change (percentage): -4.44%
  • Mean price cut: $19,067
  • Share of listings with price cut: 32.13%
  • Mean days to close: 28

21. Honolulu (Urban)

  • June 2024 home value: $867,057
  • One-year home value change (percentage): 0.74%
  • Two-year home value change (percentage): -3.33%
  • Mean price cut: $34,693
  • Share of listings with price cut: 18.30%
  • Mean days to close: 39

20. Ocala, Florida

  • June 2024 home value: $279,895
  • One-year home value change (percentage): 0.44%
  • Two-year home value change (percentage): 2.64%
  • Mean price cut: $12,281
  • Share of listings with price cut: 29.39%
  • Mean days to close: 34

19. Provo, Utah

  • June 2024 home value: $533,482
  • One-year home value change (percentage): 2.00%
  • Two-year home value change (percentage): -7.00%
  • Mean price cut: $16,036
  • Share of listings with price cut: 30.10%
  • Mean days to close: 28

18. Palm Bay, Florida

  • June 2024 home value: $357,251
  • One-year home value change (percentage): 1.39%
  • Two-year home value change (percentage): 1.85%
  • Mean price cut: $13,739
  • Share of listings with price cut: 33.03%
  • Mean days to close: 32

17. Beaumont, Texas

  • June 2024 home value: $168,201
  • One-year home value change (percentage): -1.31%
  • Two-year home value change (percentage): -3.74%
  • Mean price cut: $11,861
  • Share of listings with price cut: 23.60%
  • Mean days to close: 29

16. Boise City, Idaho

  • June 2024 home value: $482,228
  • One-year home value change (percentage): 3.98%
  • Two-year home value change (percentage): -9.52%
  • Mean price cut: $18,615
  • Share of listings with price cut: 30.98%
  • Mean days to close: 29

15. Jacksonville, Florida

  • June 2024 home value: $361,530
  • One-year home value change (percentage): 1.28%
  • Two-year home value change (percentage): 0.49%
  • Mean price cut: $13,749
  • Share of listings with price cut: 31.75%
  • Mean days to close: 30

14. Lafayette, Louisiana

  • June 2024 home value: $193,479
  • One-year home value change (percentage): -2.12%
  • Two-year home value change (percentage): -2.91%
  • Mean price cut: $9,305
  • Share of listings with price cut: 26.27%
  • Mean days to close: 31

13. Deltona, Florida

  • June 2024 home value: $346,653
  • One-year home value change (percentage): 0.97%
  • Two-year home value change (percentage): 1.00%
  • Mean price cut: $14,388
  • Share of listings with price cut: 29.88%
  • Mean days to close: 33

12. Dallas

  • June 2024 home value: $381,600
  • One-year home value change (percentage): 1.10%
  • Two-year home value change (percentage): -1.24%
  • Mean price cut: $15,721
  • Share of listings with price cut: 32.03%
  • Mean days to close: 28

11. Boulder, Colorado

  • June 2024 home value: $747,586
  • One-year home value change (percentage): 1.15%
  • Two-year home value change (percentage): -5.66%
  • Mean price cut: $40,990
  • Share of listings with price cut: 24.05%
  • Mean days to close: 27

10. Tampa, Florida

  • June 2024 home value: $381,941
  • One-year home value change (percentage): 2.71%
  • Two-year home value change (percentage): 2.35%
  • Mean price cut: $16,110
  • Share of listings with price cut: 35.26%
  • Mean days to close: 34

9. Phoenix

  • June 2024 home value: $460,513
  • One-year home value change (percentage): 4.01%
  • Two-year home value change (percentage): -5.56%
  • Mean price cut: $16,577
  • Share of listings with price cut: 34.33%
  • Mean days to close: 31

8. Santa Cruz, California

  • June 2024 home value: $1,181,192
  • One-year home value change (percentage): 3.90%
  • Two-year home value change (percentage): -5.67%
  • Mean price cut: $89,350
  • Share of listings with price cut: 20.08%
  • Mean days to close: 26

7. Naples, Florida 

  • June 2024 home value: $604,606
  • One-year home value change (percentage): 1.15%
  • Two-year home value change (percentage): 1.94%
  • Mean price cut: $46,104
  • Share of listings with price cut: 25.37%
  • Mean days to close: 38

6. Crestview, Florida

  • June 2024 home value: $445,687
  • One-year home value change (percentage): -0.69%
  • Two-year home value change (percentage): -0.96%
  • Mean price cut: $30,520
  • Share of listings with price cut: 27.97%
  • Mean days to close: 33

5. Cape Coral, Florida

  • June 2024 home value: $390,185
  • One-year home value change (percentage): -2.25%
  • Two-year home value change (percentage): -1.93%
  • Mean price cut: $19,759
  • Share of listings with price cut: 23.72%
  • Mean days to close: 33

4. San Antonio

  • June 2024 home value: $290,483
  • One-year home value change (percentage): -2.23%
  • Two-year home value change (percentage): -3.84%
  • Mean price cut: $12,408
  • Share of listings with price cut: 31.37%
  • Mean days to close: 30

3. North Port, Florida

  • June 2024 home value: $450,116
  • One-year home value change (percentage): -1.64%
  • Two-year home value change (percentage): -2.16%
  • Mean price cut: $24,603
  • Share of listings with price cut: 33.20%
  • Mean days to close: 37

2. New Orleans

  • June 2024 home value: $243,729
  • One-year home value change (percentage): -6.44%
  • Two-year home value change (percentage): -11.77%
  • Mean price cut: $15,512
  • Share of listings with price cut: 26.76%
  • Mean days to close: 33

1. Austin, Texas 

  • June 2024 home value: $466,103
  • One-year home value change (percentage): -4.30%
  • Two-year home value change (percentage): -17.65%
  • Mean price cut: $25,088
  • Share of listings with price cut: 29.54%
  • Mean days to close: 23