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

  • November 2nd 2023

by UrbanTurf Staff

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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.
  • — 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.

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