The 10 Most Overpriced Housing Markets in America — 5 Are in Florida – Yahoo Finance

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Although the housing market has cooled down, there are some areas across the U.S. where the market remains hot, and buyers are still paying much more than homes are actually worth.

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Florida Atlantic University determined the most overpriced housing markets in the nation by comparing the average expected home values based on historical trends to the average list prices across the 100 largest metro areas and finding the cities with the largest percent differences between the two.

Here’s a look at the 10 most overpriced housing markets in the U.S., ranked from least to most overpriced.

Sean Pavone / Getty Images/iStockphotoSean Pavone / Getty Images/iStockphoto

Sean Pavone / Getty Images/iStockphoto

10. Nashville, Tennessee

  • Average listing price: $420,932

  • Expected home value: $296,827

  • Difference between home value and list price: 41.81%

Read More: 5 Tips To Fast-Track Your Way to a 6-Figure Income
Also: How Much You Need To Earn To Rank in the Top 10% of Your State

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ferrantraite / Getty Images/iStockphotoferrantraite / Getty Images/iStockphoto

ferrantraite / Getty Images/iStockphoto

9. Tampa, Florida

  • Average listing price: $361,065

  • Expected home value: $252,643

  • Difference between home value and list price: 42.9%

Downsizing for Retirement? Stay Away From These 7 Homes

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©Shutterstock.com

8. Deltona, Florida

  • Average listing price: $334,978

  • Expected home value: $233,050

  • Difference between home value and list price: 43.74%

©Shutterstock.com©Shutterstock.com

©Shutterstock.com

7. Detroit, Michigan

  • Average listing price: $226,101

  • Expected home value: $157,046

  • Difference between home value and list price: 43.97%

©Shutterstock.com©Shutterstock.com

©Shutterstock.com

6. Palm Bay, Florida

  • Average listing price: $345,520

  • Expected home value: $238,308

  • Difference between home value and list price: 44.99%

See: 10 Most Affordable New York City Neighborhoods

Sean Pavone / Getty Images/iStockphotoSean Pavone / Getty Images/iStockphoto

Sean Pavone / Getty Images/iStockphoto

5. Lakeland, Florida

  • Average listing price: $303,766

  • Expected home value: $209,260

  • Difference between home value and list price: 45.16%

Davel5957 / Getty Images/iStockphotoDavel5957 / Getty Images/iStockphoto

Davel5957 / Getty Images/iStockphoto

4. Memphis, Tennessee

  • Average listing price: $225,958

  • Expected home value: $154,575

  • Difference between home value and list price: 46.18%

Sean Pavone / Getty Images/iStockphotoSean Pavone / Getty Images/iStockphoto

Sean Pavone / Getty Images/iStockphoto

3. Charlotte, North Carolina

  • Average listing price: $355,613

  • Expected home value: $240,670

  • Difference between home value and list price: 47.76%

Learn: Kevin O’Leary Says a Coming Real Estate Collapse Will Lead to ‘Chaos’ – Here’s What You Need To Know

©Shutterstock.com©Shutterstock.com

©Shutterstock.com

2. Cape Coral, Florida

  • Average listing price: $375,812

  • Expected home value: $251,100

  • Difference between home value and list price: 49.67%

Sean Pavone / Getty Images/iStockphotoSean Pavone / Getty Images/iStockphoto

Sean Pavone / Getty Images/iStockphoto

1. Atlanta, Georgia

  • Average listing price: $357,677

  • Expected home value: $236,627

  • Difference between home value and list price: 51.16%

All data is sourced from Florida Atlantic University’s Top 100 U.S. Housing Markets and is accurate as of Jan. 31, 2023.

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