What does this average price cut ranking show?

It orders states by Average size of price reductions. It is a comparison of this one published measure, not an overall ranking of where to live.

Where do these figures come from?

Redfin Data Center Price Drops supplies this measure. States without a comparable published value are shown as not ranked rather than estimated.

How should I use this ranking?

Use it to narrow a search, then open a state or county profile for the underlying figures, source dates and caveats. A statewide number may not describe every neighbourhood.

Highest average price cut by state

Average size of price reductions.

This measure has no better end. The order describes the states, it does not rank them — see the other direction.

Among listings that had a qualifying price reduction, the average percentage reduction from the price before the cut. It does not say how many listings cut their price—that is the separate Price cuts measure—and it is not the change in local home values. Redfin’s latest available monthly Price Drops figure is shown for its reported month; the price-drop release can lag the main housing-market release.

How to read this ranking

West Virginia has the highest published average price cut in this comparison, at 5.9%. The next states shown are Vermont (5.5%) and District of Columbia (5.5%).

The table orders 51 states by average size of price reductions. It describes one published measure, not an overall judgment about where to live.

Use the result as a starting point, then compare the underlying source, dates, and local county figures before making a decision. Among listings that had a qualifying price reduction, the average percentage reduction from the price before the cut. It does not say how many listings cut their price—that is the separate Price cuts measure—and it is not the change in local home values. Redfin’s latest available monthly Price Drops figure is shown for its reported month; the price-drop release can lag the main housing-market release.

1West Virginia5.9%
2Vermont5.5%
3District of Columbia5.5%
4New York5.5%
5Maine5.4%
6Pennsylvania5.2%
7Mississippi5.1%
8Michigan5.0%
9New Hampshire5.0%
10Connecticut4.9%
11Hawaii4.9%
12Illinois4.8%
13Louisiana4.8%
14Rhode Island4.8%
15Montana4.6%
16New Jersey4.6%
17Missouri4.6%
18Ohio4.6%
19Alabama4.5%
20Arkansas4.5%
21Alaska4.4%
22Wisconsin4.4%
23Maryland4.4%
24Kansas4.3%
25Iowa4.3%
26Wyoming4.3%
27California4.2%
28Oklahoma4.2%
29North Dakota4.2%
30Massachusetts4.2%
31Kentucky4.1%
32Delaware4.1%
33Florida4.1%
34Texas4.1%
35Georgia4.0%
36Indiana4.0%
37Oregon3.9%
38Tennessee3.9%
39Minnesota3.9%
40New Mexico3.9%
41South Dakota3.8%
42Virginia3.8%
43Washington3.8%
44North Carolina3.8%
45Nebraska3.8%
46Colorado3.7%
47South Carolina3.6%
48Idaho3.5%
49Arizona3.4%
50Nevada3.4%
51Utah3.3%

Related housing rankings

Frequently asked questions

What does this ranking show?: It orders states by Average size of price reductions. It is one measure, not an overall verdict on where to live.
Where do the figures come from?: Redfin Data Center Price Drops. States without a comparable published figure are listed as not ranked rather than estimated.
How should I use it?: Use it to narrow your search, then open a state or county profile for the source date, caveats and local context.

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Free to use. The chart names its source and links back, so it stays honest wherever it ends up.

<iframe src="https://movermath.com/embed/average-price-cut" width="100%" height="420" style="border:0" loading="lazy" title="Average size of price reductions by state"></iframe>

Source: Redfin Data Center Price Drops. · How this is built

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