How Much a 4 Bedroom, 2 Bathroom Home Costs

The latest Coldwell Banker Real Estate Home Listing Report reveals the most expensive and affordable housing markets across the U.S.

The 2015 Coldwell Banker Real Estate Home Listing Report (HLR) is in, and once again, the West Coast is topping the charts as the most expensive place to live in the United States. This year’s report found that half of the top 100 most expensive markets in the U.S. are in California with Newport Beach taking the #1 spot, while Cleveland earned the most affordable title.

The annual HLR analyzes the cost of four-bedroom, two-bathroom homes in more than 2,700 real estate markets across the United States, providing an apples-to-apples comparison of prices across the country.

Newport Beach has been battling it out with Los Altos for the top spot in the HLR for the last few years. This year, its average listing price of a four-bedroom, two-bathroom home is a whopping $2,291,764.

In contrast, Cleveland has continued to hold on to its coveted spot as the most affordable market. This year, its average four-bedroom, two-bathroom home listed at $74,502 – a listing price difference of $2.2 million when compared to Newport Beach.

Check out the five most expensive and affordable markets in the U.S. below, and visit the full Home Listing Report page to see how your town ranks compared to the most expensive and affordable markets in the country.

Five Most Expensive Markets to Buy a Home

  1. Newport Beach, Calif. – average listing price: $2,291,764
  2. Palo Alto, Calif. – average listing price: $2,066,600
  3. Saratoga, Calif. – average listing price: $1,979,218
  4. Cupertino, Calif. – average listing price: $1,659,297
  5. Los Gatos, Calif. – average listing price: $1,569,615

Five Most Affordable Markets to Buy a Home

  1. Cleveland, Ohio – average listing price: $74,502
  2. Riverdale, Ga. – average listing price: $79,223
  3. Wilkes-Barre, Pa. – average listing price: $79,480
  4. Detroit, Mich. – average listing price: $81,616
  5. Alma, Mich. – average listing price: $90,523

To learn more about how Coldwell Banker Mendo Realty can help you buy or sell a home, please call one of our two offices:

Ukiah Office: (707) 462-5400
169 Mason St. Ste 300, Ukiah, CA 95482

Willits Office: (707) 459-5389
1460 S. Main St., Willits, CA 95490

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November 12, 2015Permalink

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