17 Cities Where Home Prices Have Barely Budged Over the Past Year
On average, home prices in the U.S. have increased by 8.7% over the past year, but in several major cities, home prices have stayed largely the same -- or even decreased -- from 2022 until now.
Find Out: These Are the 10 Most Overpriced Housing Markets in the US -- 5 Are in Florida
See: Demand for Gold is Up. Here's Everything You Need to Know.
In these 17 cities identified by Home Bay -- four of which are in California -- home prices have barely budged over the past year, with changes of less than 5%. See where home values have been holding steady.
17. New York
Typical home value in 2022: $544,987
Typical home value in 2023: $571,129
% increase: 4.8%
Check Out: 7 Florida Cities That Could Be Headed for a Housing Crisis
Good To Know: 10 US Cities With Plenty of Jobs and Cheap Housing
16. Chicago
Typical home value in 2022: $274,435
Typical home value in 2023: $286,791
% increase: 4.5%
Find Out: 8 Places in California Where Home Prices Have Plummeted
15. Las Vegas
14. Baltimore
Typical home value in 2022: $334,715
Typical home value in 2023: $349,200
% increase: 4.3%
13. Los Angeles
Typical home value in 2023: $824,093
Typical home value in 2022: $855,850
% increase: 3.9%
Important: 5 Affordable Up-and-Coming US Locations To Buy Vacation Property in 2023
12. Austin, Texas
Typical home value in 2022: $464,601
Typical home value in 2023: $481,738
% increase: 3.7%
11. Phoenix
Typical home value in 2022: $418,967
Typical home value in 2023: $433,926
% increase: 3.6%
10. Washington, D.C.
Typical home value in 2022: $504,539
Typical home value in 2023: $521,307
% increase: 3.3%
See: 5 Expensive Renovations Homeowners Always Regret
9. Minneapolis
Typical home value in 2022: $337,843
Typical home value in 2023: $348,727
% increase: 3.2%
8. San Jose, California
Typical home value in 2022: $1,343,798
Typical home value in 2023: $1,385,816
% increase: 3.1%
7. Seattle
Typical home value in 2022: $670,668
Typical home value in 2023: $689,866
% increase: 2.9%
Find Out: Why Nobody Is Buying Vacation Homes Anymore
6. Denver
Typical home value in 2022: $556,083
Typical home value in 2023: $570,262
% increase: 2.6%
5. Salt Lake City
Typical home value in 2022: $510,876
Typical home value in 2023: $523,590
% increase: 2.5%
4. Portland, Oregon
Typical home value in 2022: $513,434
Typical home value in 2023: $524,593
% increase: 2.0%
Here: Suze Orman Cautions Against Investing Emergency Funds in Two Common Places -- Here's Why
3. Sacramento, California
Typical home value in 2022: $539,913
Typical home value in 2023: $543,529
% increase: 0.7%
2. New Orleans
Typical home value in 2022: $238,291
Typical home value in 2023: $237,942
% increase: -0.2%
1. San Francisco
Typical home value in 2023: $1,113,873
Typical home value in 2022: $1,096,477
% increase: -2%
More From GOBankingRates
All data is sourced from Home Bay and is accurate as of March 27, 2023.
This article originally appeared on GOBankingRates.com: 17 Cities Where Home Prices Have Barely Budged Over the Past Year
