Home | Newsletter | Advertise
loading...

1 in 5 Home Sellers Received Four or More Offers: The U.S. Home Sales Market in 2023

  • November 2nd 2023

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

deerf.jpeg
A home that sold in Silver Spring earlier this year.

Zillow just released its Consumer Housing Trends Report for 2023 that provides a snapshot of what housing consumers are thinking and doing this year.

Below, UrbanTurf pulls out some of the more interesting stats pertaining to U.S. home sellers in 2023:

  • 45 — The average age of home sellers.
  • 23% — The share of home sellers aged 60 or older.
  • 49% — The percentage of sellers who had household incomes above $100,000.
  • 80% — The percentage of sellers who sold a detached house.
  • 19% — The percentage of sellers who reported receiving four or more offers on their homes.
  • 70% -- The percentage of sellers who reported buying a home in addition to selling one.
  • 3 — The number of bedrooms in the home sold by the median seller. 
  • 54% — The percentage of sellers who listed their home due to a change in household composition.
  • 41% — The percentage of sellers who listed because they were working from home more.

Zillow surveyed over 4,700 sellers between April and June 2023.

Photo courtesy of Housefli.

This article originally published at https://dc.urbanturf.com/articles/blog/1_in_5_home_sellers_received_four_or_more_offers_the_us_home_sales_market_i/21649.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse