Homes in Black neighborhoods are undervalued by $46,000 on average A pair of recent real estate studies are shedding light on how people of color have been consistently disadvantaged in the US housing market for years and are largely missing out on the country’s ongoing home-buying frenzy. For nearly a decade, homes sold in mostly Black neighborhoods have been undervalued by an average of $46,000, according to a Redfin analysis released Wednesday. Redfin, a national discount real estate brokerage, examined the valuations of more than 73 million single-family homes listed and sold between January 2013 and February 2021, and found a major gap between houses sold in Black and White neighborhoods.