Looking to buy a home? Houses sell for under $250K in this US town. Tips to make homeownership more affordable

Core Insights - Irondequoit, New York, is identified as the most competitive housing market in the U.S., with homes selling in an average of 8.5 days for prices well above the asking price, typically around $250,000 [1] - The nationwide average for homes on the market exceeds two months, with a median selling price of just over $410,000 [2][3] - Redfin anticipates a "great housing reset" in 2026, indicating a prolonged recovery phase for the housing market [3] Market Dynamics - The Midwest and Great Lakes regions are gaining popularity due to their affordability and relative safety from climate-related events, attracting recent graduates seeking stable careers [4] - Homeowners with low mortgage rates from the pandemic are hesitant to sell, contributing to limited inventory and rising prices [3] - Areas in Florida and Texas, facing natural disaster risks and increasing insurance costs, are expected to struggle in the market, with sellers potentially having to sell at a loss [4]