Real estate prices in some of America's hot cities have plummeted, with some homes dropping more than $100,000 in price. Here are five properties that have seen price reductions of more than $100,000, covering everything from luxury condos in New York to modern homes in Houston, each of which is in a prime location in a major city and is definitely worth keeping an eye on.

1. Houston, TX: 12014 Dermott Dr

Price: $589,000 (reduced by $110,900)

Originally priced at $699,900, this brand new four-bedroom home in Houston's Tower Oaks neighborhood features 2,000 square feet of stylish space, a modern kitchen and master suite with all the amenities.

 Houston, TX (Realtor.com)

2. Chicago, IL: 180 E Pearson St Apt 4307

Price: $985,000 (reduced by $115,000)

Three-bedroom condo above the Ritz-Carlton with 2,754 square feet, panoramic views of downtown Chicago and Lake Michigan, modern kitchen and high-end amenities.

 Chicago, IL (Realtor.com)

3. Manhattan, NY: Unit 4C

Price: $2.15 million ($150,000 price reduction)

Originally priced at $2.3 million, this Manhattan loft-style condo features a two-story living room and oversized windows offering city views, a modern kitchen and a luxurious master bedroom with a gym and pool.

 New York (Realtor.com)

4. Los Angeles, CA: 1220 Smithwood Dr

Price: $2.35 million ($300,000 price reduction)

A Spanish-style four-plex in Beverlywood, built in 1931, each unit boasts a detached garage and unique historic charm for investment or residence.

 Los Angeles, CA (Realtor.com)

5. Phoenix, AZ: 6418 N 28th St

Price: $2.5 million ($100,000 price reduction)

This three-bedroom home in Biltmore Estates offers views of the Phoenix Mountains, a modern kitchen and heated pool, ideal for families.

Whether you're an investor or an owner-occupant, Black Friday offers rare opportunities for real estate deals. Take advantage of the opportunity to enter these most sought-after real estate markets in the U.S. and take advantage of amazing price discounts!

Phoenix, AZ (Realtor.com)