Nine of the 10 most expensive housing markets are located in California, according to research released by Coldwell Banker Real Estate. And while half of the top 100 most expensive markets are within California, 45 of the 100 most affordable markets are found in Midwest states.
California’s Newport Beach came out at the peak of the most expensive list – the average listing price of a four-bedroom, two-bathroom home is $2,291,764—and the top 25 most expensive markets have an average listing price of $1 million or more. At the other end of the spectrum, Cleveland ranked as the most affordable market for the third consecutive year—an average four-bedroom, two-bathroom home is listed at $74,502.
And for those that are looking for something in the middle, Coldwell Banker determined that the national average listing price of a four-bedroom, two-bathroom home is $302,632, which can be found in more than 1,600 markets across 34 states.