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The Miami housing market is seeing very few homes selling above their list price, only 7.6% doing so in the entire metro area.<\/p>\n
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When homebuying activity runs hot<\/a>, homes tend to sell for more than their listed price. This was especially true during the pandemic-induced buying spree in 2021 and 2022, where most markets saw homes definitely selling about their list price. The median list price is the median asking price of homes that were listed for sale during a given time period, in this case a month.<\/p>\n Based on a list of the largest American metro areas by population, 100 housing markets were analyzed in terms of the sales-to-list ratio of their homes, the lower the better. This study also looked at the percentage of the housing market that saw homes sold above their list price; once again, the lower the better for prospective buyers. All housing data was sourced from Redfin<\/a>.<\/p>\n Read on to find out which markets<\/a> where homes are selling for less than their list price.<\/p>\n Housing Markets Where Homes Are Selling for Less than their List Price<\/p>\n Looking at places where homes are selling less than their list price, the U.S. South dominates\u2014specifically Florida<\/a>. In fact, the top four housing markets with the lowest sale-to-list ratio. A sale-to-list ratio that equals 100% means they\u2019re selling at their list price; if the percentage is less, then they\u2019re selling for less than their list price.<\/p>\n Below are the top 10 metro areas where homes are selling for less than their list price.<\/p>\n Miami, FL metro area: 95.2% In the top-10 list of markets where homes are selling for less than their list price, seven out of the ten are Florida metro areas. The Miami housing market<\/a> has the lowest percentage, with the average home selling for around 5% less than the list price. Cape Coral and North Port housing markets are part of the three markets where homes less for 4% or more less than their list price.<\/p>\n Below is a table containing the top 15 markets where homes have been selling for less than their list price.<\/p>\n Trends Among these Housing Markets<\/p>\n Some of these markets have seen some significant declines in sale prices. The North Port housing market has a sale-to-list ratio of 95.5%. Only 6.3% of homes in the North Port metro area sold above their list price. From June 2024 to June 2025, the median sale price there fell by 9.4%, from $458,250 to $415,240. The Cape Coral housing market also saw prices decline, by 6.5%, from $390,500 to $365,000.<\/p>\n
\n Cape Coral, FL metro area: 95.5%
\n North Port, FL metro area: 95.8%
\n Deltona, FL metro area: 96.4%
\n New Orleans, LA metro area: 96.7%
\n Jackson, MS metro area: 96.8%
\n Jacksonville, FL metro area: 96.9%
\n Houston, TX metro area: 97%
\n Tampa, FL metro area: 97%
\n Palm Bay, FL metro area: 97.2%<\/p>\n