Top and Worst Real Estate Markets in the U.S. as of October 2024

Top and Worst Real Estate Markets in the U.S. as of October 2024

Explore the top and worst real estate markets in the U.S. as of September 2024. Discover the strongest and weakest markets based on the Market Temperature Index. 

This article examines the best and worst real estate markets across U.S. cities with populations over 150,000, based on the Market Temperature Index for September 2024. The top-performing markets reflect strong demand and economic growth, while the lowest-ranking markets struggle with oversupply, affordability issues, or slow recovery.

- A score of 70 or above to be a “strong sellers market.” 
- A score from 55 to 69 to be a “sellers market.”
- A score from 44 to 55 to be a “neutral market.” 
- A score from 28 to 44 to be a “buyers market.”
- A score of 27 or below to be a “strong buyers market.” 
Strong Sellers Market (Score 70 or above)
- New York, NY – 74.0
- Boston, MA – 74.0
- San Jose, CA – 84.0
- Providence, RI – 72.0
- Hartford, CT – 83.0
- Buffalo, NY – 84.0
- Rochester, NY – 137.0
- Worcester, MA – 72.0
- Bridgeport, CT – 72.0
- Albany, NY – 70.0
Sellers Market (Score 55 to 69)
- Los Angeles, CA – 63.0
- Chicago, IL – 58.0
- Washington, DC – 68.0
- Philadelphia, PA – 58.0
- San Francisco, CA – 68.0
- Riverside, CA – 59.0
- Minneapolis, MN – 64.0
- San Diego, CA – 57.0
- Baltimore, MD – 62.0
- St. Louis, MO – 63.0
Neutral Market (Score 44 to 55)
- United States (Overall) – 52.0
- Dallas, TX – 48.0
- Houston, TX – 48.0
- Phoenix, AZ – 53.0
- Detroit, MI – 52.0
- Seattle, WA – 55.0
- Denver, CO – 48.0
- Charlotte, NC – 46.0
- Pittsburgh, PA – 46.0
- Cincinnati, OH – 54.0
Buyers Market (Score 28 to 44)
- Miami, FL – 36.0
- Atlanta, GA – 44.0
- Tampa, FL – 40.0
- Orlando, FL – 44.0
- San Antonio, TX – 44.0
- Austin, TX – 40.0
- Nashville, TN – 44.0
- Jacksonville, FL – 40.0
- Memphis, TN – 41.0
- New Orleans, LA – 35.0
Strong Buyers Market (Score 27 or below)
- Brownsville, TX – 20.0
- Gulfport, MS – 14.0
- Beaumont, TX – 18.0
Top 10 Real Estate Markets
- Rochester, NY – 137.0
- Rochester leads the market with high demand for affordable housing. Revitalization efforts downtown have also driven interest among new residents and investors.
- Syracuse, NY – 89.0
- Syracuse benefits from a diverse economy and steady job growth, attracting young professionals and families to the area.
- San Jose, CA – 84.0
- San Jose’s market remains resilient, thanks to the booming tech sector, even with high home prices. Strong job growth continues to fuel demand.
- Buffalo, NY – 84.0
- Investments in Buffalo’s waterfront and downtown areas have sparked growth, attracting both residents and businesses.
- Hartford, CT – 83.0
- Hartford's diversified economy supports a robust housing market, with steady demand keeping prices stable.
- New York, NY – 74.0
- New York’s market has bounced back from the pandemic, with demand returning for both residential and commercial properties.
- Boston, MA – 74.0
- Boston continues to see strong demand, driven by job growth and its status as a hub for education and healthcare.
- Manchester, NH – 74.0
- Spillover demand from Boston makes Manchester a desirable location for those seeking more affordable housing with urban amenities.
- Poughkeepsie, NY – 73.0
- Poughkeepsie’s proximity to New York City and lower housing costs make it an attractive option for buyers and renters alike.
- Providence, RI – 72.0
- Providence’s growing appeal lies in its urban lifestyle without the high cost of Boston, attracting young professionals and families.
10 Worst Real Estate Markets
- Gulfport, MS – 14.0
- Gulfport faces economic challenges that have slowed market activity and reduced buyer interest.
- Beaumont, TX – 18.0
- The market in Beaumont struggles due to volatility in the oil and gas industry, impacting the local economy.
- Brownsville, TX – 20.0
- Brownsville’s market remains sluggish, with limited demand leading to low transaction volumes.
- Mobile, AL – 32.0
- Mobile experiences an oversupply of homes, outpacing buyer interest and slowing sales activity.
- Cape Coral, FL – 33.0
- Cape Coral’s market slowdown is attributed to rising mortgage rates and affordability issues, making it harder for buyers to enter the market.
- Naples, FL – 33.0
- Naples is cooling off after the post-pandemic boom, with reduced buyer interest and longer listing times.
- McAllen, TX – 34.0
- McAllen faces oversupply issues and struggles with limited buyer demand, making it a challenging market for sellers.
- New Orleans, LA – 35.0
- New Orleans faces difficulties recovering from economic uncertainties, leading to slower real estate activity.
- Miami, FL – 36.0
- After years of rapid growth, Miami’s market has cooled, with affordability becoming a significant concern for buyers.
- Urban Honolulu, HI – 37.0
- Honolulu sees reduced demand in a high-cost environment, with fewer buyers able to enter the market.
Top-performing Real Estate Markets in the U.S.

The top-performing real estate markets in the U.S. reflect a combination of affordability, economic growth, and revitalization efforts. On the other hand, the lowest-ranking markets are grappling with affordability challenges, oversupply, and slow economic recovery. Monitoring these trends can provide valuable insights for homebuyers, investors, and real estate professionals to make strategic decisions.

Strong Sellers Market (Score 70 or above)
- New York, NY – 74.0
- Boston, MA – 74.0
- San Jose, CA – 84.0
- Providence, RI – 72.0
- Hartford, CT – 83.0
- Buffalo, NY – 84.0
- Rochester, NY – 137.0
- Worcester, MA – 72.0
- Bridgeport, CT – 72.0
- Albany, NY – 70.0
Sellers Market (Score 55 to 69)
- Los Angeles, CA – 63.0
- Chicago, IL – 58.0
- Washington, DC – 68.0
- Philadelphia, PA – 58.0
- San Francisco, CA – 68.0
- Riverside, CA – 59.0
- Minneapolis, MN – 64.0
- San Diego, CA – 57.0
- Baltimore, MD – 62.0
- St. Louis, MO – 63.0
Neutral Market (Score 44 to 55)
- United States (Overall) – 52.0
- Dallas, TX – 48.0
- Houston, TX – 48.0
- Phoenix, AZ – 53.0
- Detroit, MI – 52.0
- Seattle, WA – 55.0
- Denver, CO – 48.0
- Charlotte, NC – 46.0
- Pittsburgh, PA – 46.0
- Cincinnati, OH – 54.0
Buyers Market (Score 28 to 44)
- Miami, FL – 36.0
- Atlanta, GA – 44.0
- Tampa, FL – 40.0
- Orlando, FL – 44.0
- San Antonio, TX – 44.0
- Austin, TX – 40.0
- Nashville, TN – 44.0
- Jacksonville, FL – 40.0
- Memphis, TN – 41.0
- New Orleans, LA – 35.0
Strong Buyers Market (Score 27 or below)
- Brownsville, TX – 20.0
- Gulfport, MS – 14.0
- Beaumont, TX – 18.0 https://agentsgather.com/top-and-worst-real-estate-markets-in-the-u-s-as-of-october-2024/