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40% Of Home Sellers Received Three Or More Offers: The U.S. Home Sales Market in 2024

  • October 1st

by UrbanTurf Staff

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A Silver Spring home that received ten offers earlier this year.

Zillow just released its Consumer Housing Trends Report for 2024 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 2024:

  • 47 — The average age of home sellers, up slightly from last year.
  • 30% — The share of home sellers aged 60 or older.
  • 46% — The percentage of sellers who had household incomes above $100,000, down from 49% last year.
  • 66% -- The percentage of sellers that considered renting out their home instead of selling. 
  • 41% — The percentage of sellers who reported receiving three or more offers on their homes.
  • 63% -- The percentage of sellers who reported receiving at least one cash offer. 
  • 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.
  • 45% — The percentage of sellers who listed because of a new job or job transfer.

Zillow surveyed over 6,200 sellers between April and July 2024.

Photo Courtesy of TruPlace.

See other articles related to: home sellers

This article originally published at https://dc.urbanturf.com/articles/blog/40_of_home_sellers_received_three_or_more_offers_the_us_home_sales_market_i/22771.

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