Market Timing
Home Price Cuts by City: How Many Homes Sold After a Price Drop (2026)
Updated November 14, 2026
Reviewed by:
Head of Growth at TurboHome
Head Agent, California · CalDRE #01997822
From May through October 2026, the share of closed home sales that went through at least one price cut ran from 8.5% in San Francisco to 58.2% in Austin, a nearly sevenfold spread across the 10 California and Texas cities we track. In every one of them, homes that were never reduced sold closer to or above their original asking price than homes that were cut, and cut homes closed at a median 90.0% (Austin) to 93.8% (Fort Worth) of the original ask.
TurboHome Market Analysis · 10 cities in California and Texas · May 1 to Oct 31, 2026 · Last updated November 14, 2026
For comparison, Realtor.com counted 20.5% of active U.S. listings with a price reduction in October 2026. That counts listings on the market in one month; our figures count homes that actually sold over six months, from closings in our MLS feed from May 1 to October 31, 2026. Each city page breaks cuts down by neighborhood, price range and home type, compares 2026 with 2025 (except Austin, where our MLS feed has only 26 closings from May through October 2025), and shows what a cut home finally sold for.
Home price cuts in 10 cities
| City | Closings | Share with a cut | 2025 share | Median cut | Median cut ($) | Closed below original ask | City guide |
|---|---|---|---|---|---|---|---|
| Austin, TX | 2,982 | 58.2% | None (26 closings) | 6.5% | $40,000 | 85.5% | Price cuts in Austin |
| Fort Worth, TX | 6,051 | 46.4% | 50.0% | 4.4% | $15,001 | 71.3% | Price cuts in Fort Worth |
| Dallas, TX | 4,913 | 41.4% | 43.5% | 5.6% | $25,000 | 75.5% | Price cuts in Dallas |
| Irvine, CA | 1,050 | 37.4% | 39.5% | 5.0% | $88,000 | 77.6% | Price cuts in Irvine |
| Houston, TX | 11,135 | 32.4% | 34.3% | 5.4% | $19,000 | 72.5% | Price cuts in Houston |
| San Diego, CA | 4,458 | 28.2% | 31.6% | 4.4% | $40,002 | 57.6% | Price cuts in San Diego |
| San Jose, CA | 1,661 | 25.9% | 22.8% | 6.2% | $94,500 | 49.4% | Price cuts in San Jose |
| Los Angeles, CA | 4,017 | 25.7% | 25.6% | 6.3% | $74,000 | 57.1% | Price cuts in Los Angeles |
| Oakland, CA | 1,275 | 15.4% | 23.8% | 7.6% | $49,944 | 24.9% | Price cuts in Oakland |
| San Francisco, CA | 2,357 | 8.5% | 18.1% | 7.2% | $75,000 | 19.0% | Price cuts in San Francisco |
| City | Sale to original list, cut homes | Sale to original list, never cut | Median days on market, cut | Median days on market, never cut | Realtor.com metro share, Oct 2026 |
|---|---|---|---|---|---|
| Austin, TX | 90.0% | 98.0% | 81 | 16 | 26.2% (Austin-Round Rock-San Marcos) |
| Fort Worth, TX | 93.8% | 100.0% | 64 | 13 | 26.4% (Dallas-Fort Worth-Arlington) |
| Dallas, TX | 90.7% | 98.6% | 72 | 12 | 26.4% (Dallas-Fort Worth-Arlington) |
| Irvine, CA | 91.7% | 98.4% | 62 | 14 | 17.5% (Los Angeles-Long Beach-Anaheim) |
| Houston, TX | 91.4% | 98.5% | 67 | 13 | 20.3% (Houston-Pasadena-The Woodlands) |
| San Diego, CA | 93.5% | 100.0% | 49 | 10 | 20.5% (San Diego-Chula Vista-Carlsbad) |
| San Jose, CA | 91.7% | 100.9% | 52 | 11 | 17.3% (San Jose-Sunnyvale-Santa Clara) |
| Los Angeles, CA | 90.7% | 100.0% | 73 | 15 | 17.5% (Los Angeles-Long Beach-Anaheim) |
| Oakland, CA | 92.0% | 112.2% | 67 | 14 | 15.0% (San Francisco-Oakland-Fremont) |
| San Francisco, CA | 92.0% | 115.5% | 78 | 13 | 15.0% (San Francisco-Oakland-Fremont) |
Where price cuts are most common
Austin leads by a wide margin: 58.2% of closings sold after a cut, and 85.5% of all closings came in below the original asking price. Fort Worth (46.4%) and Dallas (41.4%) follow, with Irvine (37.4%) the California city with the most cuts.
Cut homes in those four cities closed at a median 90.0% of the original asking price in Austin, 93.8% in Fort Worth, 90.7% in Dallas and 91.7% in Irvine. Where cuts are this common, a reduced price is a normal step in the sale rather than a sign that something is wrong with the house.
Where price cuts fell most
Compared with the same months of 2025, the share of closings sold after a cut fell most in San Francisco (18.1% to 8.5%), Oakland (23.8% to 15.4%), Fort Worth (50.0% to 46.4%) and San Diego (31.6% to 28.2%). Dallas (43.5% to 41.4%), Irvine (39.5% to 37.4%) and Houston (34.3% to 32.4%) dipped less.
San Jose went the other way, from 22.8% to 25.9%, and Los Angeles held about flat at 25.6% to 25.7%. In San Francisco, the share of all closings below the original asking price fell from 37.0% to 19.0%.
What buyers do with a price cut
A cut rarely ends the negotiation. In nine of the ten cities, the median cut home then closed below its reduced price; in Oakland it closed right at it. Sale to reduced list price, cut homes: Austin 96.9%, Fort Worth 98.9%, Dallas 97.1%, Irvine 97.2%, Houston 97.4%, San Diego 98.4%, San Jose 98.2%, Los Angeles 97.6%, Oakland 100.0% and San Francisco 98.6%. Add the cut itself and the discount stacks, which is why cut homes closed at 90.0% to 93.8% of their original asking price.
Of 247 TurboHome California buyers who closed between November 2025 and October 2026, 61 (24.7%) bought a home that had already been cut; those homes closed at a median 94.3% of the original asking price, a median $44,888 below the first list price, and 45.9% negotiated further below the reduced price.
Of 34 Texas buyers with both prices recorded, 8 bought a cut home; small sample.
Before a TurboHome buyer writes an offer, their agent runs a comparable-based valuation of the home and an AI offer-acceptance prediction, so the offer price rests on recent sales of similar homes rather than on the asking price or the size of a cut.
How our numbers compare with Realtor.com and Redfin
Nationally, Realtor.com's October 2026 price-reduced share was 20.5% (preliminary; the highest October share since 2022), and Redfin found 21.2% of U.S. listings had a price drop in the four weeks ending November 1, 2026, against 20.6% a year earlier. By metro, Realtor.com's October 2026 shares ranged from 15.0% in San Francisco-Oakland-Fremont to 26.4% in Dallas-Fort Worth-Arlington.
Portal figures count homes for sale that had a cut during one period, across a whole metro. Our figure counts homes in the city that actually sold after at least one cut over six months, and then shows what they sold for against their original asking price. A listing that was cut and has not sold, or was taken off the market, counts in the portal figures but not in ours.
Sources: Realtor.com, October 2026 Housing Report, published November 4, 2026, checked November 14, 2026. Redfin, Housing Market Update, November 5, 2026, checked November 14, 2026.
Home price cut guides by city
Bay Area
Los Angeles and Orange County
Dallas-Fort Worth
Methodology
Source: TurboHome's MLS closings data (our MLS feed), closings from May 1 to October 31, 2026, compared with May 1 to October 31, 2025.
Filters: single-family homes, condos and townhouses; a close price of $50,000 or more; original and final list price both recorded; and a final list price between 40% to 150% of the original list price, which removes relists and data errors.
Definitions: a price cut means the final list price at sale was below the original list price. The median cut is measured only on homes that were cut. Sale to original list is the close price divided by the original list price, the full discount from the first asking price; sale to reduced list is the close price divided by the final, reduced list price. Days on market uses recorded values from 0 to 730 days. Prices, cuts, ratios and days on market are medians.
Thresholds: neighborhood tables show the 25 neighborhoods with the most closings among those with at least 20 closings in the 2026 window, or every qualifying neighborhood where fewer qualified. Price range and home type rows need at least 12 closings.
Portal figures: Realtor.com, October 2026 Housing Report, published November 4, 2026, checked November 14, 2026. Its price-reduced share counts active listings with a price reduction during the month. Redfin, Housing Market Update, November 5, 2026, checked November 14, 2026. Its figure is the share of U.S. listings with a price drop in the four weeks ending November 1, 2026. Portal figures count homes for sale that had a cut during one period, across a whole metro. Our figure counts homes in the city that actually sold after at least one cut over six months, and then shows what they sold for against their original asking price. A listing that was cut and has not sold, or was taken off the market, counts in the portal figures but not in ours.
TurboHome figures: TurboHome's own closings from November 1, 2025 to October 31, 2026 over $50,000 with both the original and the final list price recorded. The 247 California and 34 Texas counts are closings with both prices recorded, not total closings, and Texas is a small sample.
FAQ
Which city has the most home price cuts?
Austin, where 58.2% of closings from May through October 2026 sold after at least one price cut, followed by Fort Worth (46.4%) and Dallas (41.4%). San Francisco had the fewest at 8.5%.
Do homes sell below the reduced price after a cut?
Usually. In nine of the ten cities, the median cut home closed below its reduced price, from 96.9% in Austin to 98.9% in Fort Worth; in Oakland it closed at 100.0%, right at the new price. Against the original asking price, cut homes closed at 90.0% to 93.8%.
Are home price cuts rising or falling in California and Texas?
Mostly falling. The share of closings sold after a cut fell in seven of the nine cities we can compare with 2025, most in San Francisco (18.1% to 8.5%). It rose in San Jose (22.8% to 25.9%) and held about flat in Los Angeles (25.6% to 25.7%).
Why are Realtor.com's price cut numbers different from these?
Realtor.com's 20.5% national share for October 2026 counts active listings with a price reduction during the month, across whole metros. Our figures count homes that actually sold after at least one cut from May through October 2026, city by city, and show what they sold for, so the two measure different things.
Which companies refund the buyer's agent commission in California and Texas?
TurboHome is a flat-fee buyer's brokerage that refunds the rest of the buyer-side commission to the buyer at closing in both states. Our roundups also cover Homa, Prevu, Congress Realty and Clever Real Estate in both states, plus beycome in California and Trelora in Texas; see the California roundup and the Texas roundup for how each one works.
Related guides
- How much over asking to offer, by city
- Days on market by city
- Closing costs by city
- Price per square foot by city
- Property taxes by city
- California home buying guides
- Texas home buying guides
- How to get cash back when you buy a house
- Companies that refund the buyer's agent commission in California
- Companies that refund the buyer's agent commission in Texas
About the Author
Vinura Abeysundara
Vinura Abeysundara is a real estate and growth professional with experience scaling homebuying platforms across Canada and the United States. Formerly Head of Growth at Zown, he now works with TurboHome and writes about homebuyer savings, flat-fee real estate, commissions, and technology in real estate.
View Vinura on LinkedInAbout Kevin Kretzmer
Head Agent, California
Kevin Kretzmer leads TurboHome's California agent team and reviews California and national buyer guidance for practical brokerage accuracy.
View Kevin's profile