Pricey US housing markets include Wellesley
Want a buy a house on the cheap? Then be prepared to move to Detroit or Sioux City, Iowa.
Those are among the most affordable housing markets in the country, according to a new survey from Coldwell Banker Real Estate LLC. In Detroit and Sioux City, homes can be had for between $68,000 and $86,000, the survey suggests. The survey focused on four-bedroom, two bathroom homes in nearly 300 US housing markets and examined listing data from February to August, Coldwell Banker said.
The most expensive market for four-bedroom homes? Newport Beach, Calif., where the average home listing price for a four-bedroom house was $1.83 million.
With an average home listing price of just under $1.1 million, Wellesley ranked seventh on the survey's list of priciest addresses.
Ahead of Wellesley in the survey were such housing markets as Palo Alto, Calif.; Rye, N.Y.; and Greenwich, Conn.
Markets where bargains can be had include Cleveland, Kansas City, and Norfolk, Neb.
One purpose of the survey is to highlight some price-comparison tools on the Coldwell Banker website. One of those tools can be found by clicking here.