25 housing markets where home buyers will find a true bargain

Dayton OH

Trulia

Single-family homes in Dayton, Ohio can be discounted by up to 20%.

The term "bargain" is used generously in real estate. But when it comes to buying a house, how do you know if you're truly getting a deal?

Online real estate listing site Trulia decided to find out if homes listed on its site and claiming to be a "bargain" - or something similar - are really discounted (or listed for less than the median listing price). Its analysts considered homes in the 100 largest housing markets across the US.

Trulia discovered that only 55 of the country's largest housing markets actually offer homes at a discounted price. 10-20% of them are located in the Bargain Belt, the name given to the highly affordable markets in the South and Midwest, and they often have discounts of more than 10% off the median listing price.Advertisement

In contrast, the Costly Coast, or expensive metro areas in the West and Northeast, have the smallest discounts on homes, often ranging from 2-4%.

Two housing markets in Ohio - Toledo and Dayton - came out on top as the most discounted housing markets in the country. Scroll through to check out the rest.

25. Fort Worth, Texas

25. Fort Worth, Texas

Median listing price: $189,000

Average discount: 7.8%

24. Silver Spring, Maryland

24. Silver Spring, Maryland

Median listing price: $475,000

Average discount: 8%

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23. Rochester, New York

23. Rochester, New York

Median listing price: $137,000

Average discount: 8.2%

22. Austin, Texas

22. Austin, Texas

Median listing price: $249,900

Average discount: 8.4%

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21. Syracuse, New York

21. Syracuse, New York

Median listing price: $137,900

Average discount: 8.4%

20. Tacoma, Washington

20. Tacoma, Washington

Median listing price: $249,950

Average discount: 8.6%

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19. Charleston, South Carolina

19. Charleston, South Carolina

Median listing price: $236,845

Average discount: 8.7%

18. Virginia Beach, Virginia

18. Virginia Beach, Virginia

Median listing price: $240,000

Average discount: 9%

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17. New York, New York

17. New York, New York

Median listing price: $399,000

Average discount: 9%

16. Nashville, TN

16. Nashville, TN

Median listing price: $239,900

Average discount: 9.4%

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15. St. Louis, MO

15. St. Louis, MO

Median listing price: $149,900

Average discount: 9.6%

14. Hartford, CT

14. Hartford, CT

Median listing price: $259,000

Average discount: 9.9%

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13. Newark, New Jersey

13. Newark, New Jersey

Median listing price: $365,000

Average discount: 10%

12. Indianapolis, Indiana

12. Indianapolis, Indiana

Median listing price: $162,003

Average discount: 10.1%

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11. Raleigh, North Carolina

11. Raleigh, North Carolina

Median listing price: $267,900

Average discount: 10.2%

10. Fairfield County, Connecticut

10. Fairfield County, Connecticut

Median listing price: $535,000

Average discount: 10.4%

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9. Madison, Wisconsin

9. Madison, Wisconsin

Median listing price: $239,300

Average discount: 10.5%

8. Camden, New Jersey

8. Camden, New Jersey

Median listing price: $199,900

Average discount: 10.5%

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7. New Haven, Connecticut

7. New Haven, Connecticut

Median listing price: $249,900

Average discount: 11%

6. Baltimore, Maryland

6. Baltimore, Maryland

Median listing price: $265,000

Average discount: 11.3%

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5. Omaha, Nebraska

5. Omaha, Nebraska

Median listing price: $159,000

Average discount: 11.5%

4. Buffalo, New York

4. Buffalo, New York

Median listing price: $138,888

Average discount: 12.4%

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3. Knoxville, Tennessee

3. Knoxville, Tennessee

Median listing price: $169,900

Average discount: 12.8%

2. Toledo, Ohio

2. Toledo, Ohio

Median listing price: $109,900

Average discount: 19.6%

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1. Dayton, Ohio

1. Dayton, Ohio

Median listing price: $116,900

Average discount: 19.6%