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1 in 4 Home Sellers Received Four or More Offers: The U.S. Home Sales Market in 2021

  • October 5, 2021

by Nena Perry-Brown

A home that recently sold in Takoma Park.

After catching up with the year's housing market trends for homebuyers thus far this year, Zillow has released its latest Consumer Housing Trends report for buyers.

Below, UrbanTurf pulls out some of the more interesting stats pertaining to U.S. home sellers in 2021:

  • 45 — The average age of home sellers; if this seems like déjà vu, this was also the average age for homebuyers.
  • 24% — The share of home sellers aged 60 or older.
  • 31% — The share of home sellers who were millennials, the largest generation represented among sellers.
  • 72% — The percentage of home sellers who were non-Hispanic white.
  • 36% — The percentage of sellers who had household incomes below $50,000; 33% of sellers had household incomes above $100,000.
  • 70% — The percentage of sellers who sold a detached house.
  • 24% — The percentage of sellers who reported receiving four or more offers on their homes; it was 14% in 2020.
  • 14 — The number of years the average seller had lived in their home before putting it on the market.
  • 3 — The number of bedrooms in the home sold by the median seller. Sold homes also tended to be 1,536 square feet and had two bathrooms.
  • 46% — The percentage of sellers who listed their home due to a change in household composition.
  • 35% — The percentage of sellers who listed because they were working from home more.

Zillow surveyed over 2,000 sellers between March and August 2021.

See other articles related to: zillow, seller's market

This article originally published at http://dc.urbanturf.com/articles/blog/one-in-4-sellers-received-four-or-more-offers-us-home-sells-in-2021-by-the-/18787

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