Key Takeaways
- Austin, TX has seen the largest decline in home prices in the country since 2022, after a pandemic boom.
- Florida’s North Port and Cape Coral each have dropped 10%, hurt by rising insurance premiums and low demand.
- Rochester, NY is the hottest property market in America, with prices up 31% in three years, driven by stiff competition and affordable home prices.
In 2025, housing demand is shifting toward the Eastern and Midwestern regions of the U.S., while softening across the South.
Interestingly, this marks a reversal from pandemic-era patterns. In the South, housing inventory has risen 3.6% above pre-pandemic levels, driven by a wave of homebuilding activity. By contrast, the Northeast has seen inventory plunge 51%, fueling price growth.
This graphic shows where home prices are rising and falling the fastest in America, based on data from Home Economics.
| Fastest Rising | Metro | 3-Year Home Price Change | Median Home Price |
|---|---|---|---|
| 1 | Rochester, NY | 31% | $286K |
| 2 | Hartford, CT | 29% | $404K |
| 3 | Milwaukee, WI | 27% | $363K |
| 4 | New Haven, CT | 27% | $404K |
| 5 | Albany, NY | 26% | $374K |
| 6 | Newark, NJ | 26% | $641K |
| 7 | Camden, NJ | 25% | $392K |
| 8 | Buffalo, NY | 24% | $300K |
| 9 | New Brunswick, NJ | 24% | $593K |
| 10 | Bridgeport, CT | 24% | $744K |
Read more: America’s Fastest Rising and Falling Housing Markets