20 Places Where Home Prices Are About To Plummet

Most Americans have gotten accustomed to the prices of everything from food to housing rising uncomfortably high over the last couple years. Homebuyers wishing to get into the market may have all but given up hope of ever seeing things shift downward in their favor.

However, in some select cities around the U.S. signs are pointing toward a coming shift of plummeting home values, which could may make it much easier to buy a home.

To find the 20 metros with the largest projected decrease in one-year home value, from August 2024 to August 2025, GOBankingRates looked at the 500 largest metro housing markets according to Zillow’s August 2024 data. To be considered the metro had to have negative projected home values for both three-month and one-year forecasts. A whopping eight of these cities are in Louisiana.

Read on to find out which cities may be ripe for homebuying in the coming months.

• August 2024 home value: $161,776
• 3-month home value forecasted change: -2.50%
• 1-year home value forecasted change: -10.20%
• August 2025 forecasted home value: $145,275

• August 2024 home value: $181,059
• 3-month home value forecasted change: -3.50%
• 1-year home value forecasted change: -9.60%
• August 2025 forecasted home value: $163,677

• August 2024 home value: $127,542
• 3-month home value forecasted change: -3.10%
• 1-year home value forecasted change: -8.80%
• August 2025 forecasted home value: $116,318

• August 2024 home value: $175,796
• 3-month home value forecasted change: -2.90%
• 1-year home value forecasted change: -7.80%
• August 2025 forecasted home value: $162,084

• August 2024 home value: $508,137
• 3-month home value forecasted change: -1.70%
• 1-year home value forecasted change: -6.20%
• August 2025 forecasted home value: $476,632

Pictured: Redwood City

• August 2024 home value: $186,502
• 3-month home value forecasted change: -2.50%
• 1-year home value forecasted change: -6.10%
• August 2025 forecasted home value: $175,125

• August 2024 home value: $238,493
• 3-month home value forecasted change: -2.00%
• 1-year home value forecasted change: -5.80%
• August 2025 forecasted home value: $224,661

• August 2024 home value: $163,530
• 3-month home value forecasted change: -2.50%
• 1-year home value forecasted change: -5.70%
• August 2025 forecasted home value: $154,209

• August 2024 home value: $123,023
• 3-month home value forecasted change: -2.00%
• 1-year home value forecasted change: -5.50%
• August 2025 forecasted home value: $116,257

• August 2024 home value: $229,507
• 3-month home value forecasted change: -1.90%
• 1-year home value forecasted change: -4.90%
• August 2025 forecasted home value: $218,261

• August 2024 home value: $166,114
• 3-month home value forecasted change: -1.70%
• 1-year home value forecasted change: -4.80%
• August 2025 forecasted home value: $158,140

• August 2024 home value: $208,172
• 3-month home value forecasted change: -1.80%
• 1-year home value forecasted change: -4.70%
• August 2025 forecasted home value: $198,388

• August 2024 home value: $440,513
• 3-month home value forecasted change: -1.50%
• 1-year home value forecasted change: -4.70%
• August 2025 forecasted home value: $419,809

• August 2024 home value: $119,288
• 3-month home value forecasted change: -2.30%
• 1-year home value forecasted change: -4.60%
• August 2025 forecasted home value: $113,801

Pictured: St. Louis

• August 2024 home value: $155,419
• 3-month home value forecasted change: -1.50%
• 1-year home value forecasted change: -4.60%
• August 2025 forecasted home value: $148,270

Pictured: New Orleans

• August 2024 home value: $165,800
• 3-month home value forecasted change: -2.10%
• 1-year home value forecasted change: -4.50%
• August 2025 forecasted home value: $158,339

• August 2024 home value: $144,477
• 3-month home value forecasted change: -2.30%
• 1-year home value forecasted change: -4.40%
• August 2025 forecasted home value: $138,120

• August 2024 home value: $302,165
• 3-month home value forecasted change: -1.40%
• 1-year home value forecasted change: -4.30%
• August 2025 forecasted home value: $289,172

• August 2024 home value: $304,185
• 3-month home value forecasted change: -1.10%
• 1-year home value forecasted change: -4.20%
• August 2025 forecasted home value: $291,409

• August 2024 home value: $195,146
• 3-month home value forecasted change: -2.40%
• 1-year home value forecasted change: -4.00%
• August 2025 forecasted home value: $187,340