By Robert Howe
•
11 Mar, 2024
Although home prices hover at a median of $415,500 nationwide, properties within a significantly lower price range have just started inundating the market. The number of homes for sale in the $200,000 to $350,000 range has shot up by 20.6% compared with this same month last year, a recent Realtor.com® report has found. This growth spurt in affordable real estate outstrips all other price categories. While homes in this price range run the full gamut, the median clocks in at $285,000—that’s a hefty $130,500 in savings compared with the median home price overall. https://www.realtor.com/news/trends/where-affordable-homes-under-350k-are-flooding-market/