In a handful of U.S. markets, home prices have been plunging for a year now, according to Realtor.com.
In these ZIP codes, values have fallen by up to 25% over the past 12 months, according to an analysis by Realtor.com economists.
No part of the country is safe from this downturn, with Realtor.com noting that the ZIP codes on its list are found in all four regions of the nation.
In a summary of the findings, Hannah Jones, Realtor.com senior economic research analyst, says:
“Areas where prices climbed quickly may be seeing a correction. ZIPs where inventory has started to build up, as is the case in much of the South, could see prices fall as sellers look to attract buyer attention.”
Here are the ZIP codes where home prices dropped most from the first quarter of 2024 to the first quarter of this year.
10. Schenectady, NY (12309)
Median list price for this ZIP code: $354,450 as of the first quarter of 2025
How much the median list price has decreased: 24.9% since the first quarter of 2024
Estimated population of this ZIP code’s municipality: 68,544
Schenectady is where the famed inventor Thomas Edison founded what eventually became the General Electric Co. It is also home to Union College.
9. York, ME (03909)
Median list price for this ZIP code: $1,047,000 as of the first quarter of 2025
How much the median list price has decreased: 24.9% since the first quarter of 2024
Estimated population of this ZIP code’s municipality (York County): 220,143
York was one of the first English settlements in the United States. Today, it is a coastal retreat for visitors attracted to its quaint, small-town feel and natural beauty.
8. San Jose, CA (95110)
Median list price for this ZIP code: $788,000 as of the first quarter of 2025
How much the median list price has decreased: 25% since the first quarter of 2024
Estimated population of this ZIP code’s municipality: 969,655
San Jose is the epicenter of California’s Silicon Valley, making it one of the top spots for technological innovation in the world. Residents who pry themselves away from computer screens enjoy an average of 300 days of sunshine per year.
7. North Miami Beach, FL (33179)
Median list price for this ZIP code: $975,000 as of the first quarter of 2025
How much the median list price has decreased: 25% since the first quarter of 2024
Estimated population of this ZIP code’s municipality: 42,789
North Miami Beach — often referred to as “NMB” — is perched just about midway between the Miami International Airport and the Fort Lauderdale International Airport. You can get around the area for free by riding the trolleys on the NMB Line.
6. DeQuincy, LA (70633)
Median list price for this ZIP code: $210,000 as of the first quarter of 2025
How much the median list price has decreased: 25% since the first quarter of 2024
Estimated population of this ZIP code’s municipality: NA
DeQuincy is a small, 6-mile-square block located in the northern portion of Calcasieu Parish. Pine and hardwood forests surround DeQuincy on all sides.
5. Tomah, WI (54660)
Median list price for this ZIP code: $225,000 as of the first quarter of 2025
How much the median list price has decreased: 25% since the first quarter of 2024
Estimated population of this ZIP code’s municipality: 9,452
Nestled in the heart of central Wisconsin, Tomah is midway between Milwaukee and Minneapolis. It is also known as the “gateway to cranberry country” and hosts a festival that celebrates the red fruit each fall.
4. Raleigh, NC (27615)
Median list price for this ZIP code: $465,000 as of the first quarter of 2025
How much the median list price has decreased: 25% since the first quarter of 2024
Estimated population of this ZIP code’s municipality: 482,295
Initially, Raleigh was not the capital of North Carolina. New Bern and Edenton each held that honor at one point. But North Carolina’s leaders decided those cities were too vulnerable to coastal attack, so the capital was moved inland.
3. Carlsbad, CA (92009)
Median list price for this ZIP code: $1,199,000 as of the first quarter of 2025
How much the median list price has decreased: 25% since the first quarter of 2024
Estimated population of this ZIP code’s municipality: 113,495
Travel and Leisure magazine once referred to Carlsbad, located along the beach just north of San Diego, as the “coastal California town you’ve never heard of.” The “village by the sea” is known for its luxury resorts and colorful flower fields.
2. South Elgin, IL (60177)
Median list price for this ZIP code: $384,900 as of the first quarter of 2025
How much the median list price has decreased: 25% since the first quarter of 2024
Estimated population of this ZIP code’s municipality: 24,277
Located along the Fox River, South Elgin is a great place for those who love to stay active in the great outdoors. Here, you will find fishing ponds and miles of trails.
1. Spotswood, NJ (08884)
Median list price for this ZIP code: $449,000 as of the first quarter of 2025
How much the median list price has decreased: 25% since the first quarter of 2024
Estimated population of this ZIP code’s municipality: 8,078
Spotswood, a borough in New Jersey’s Middlesex County, is located about 40 miles south of New York City.
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