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.
This article originally published at https://dc.urbanturf.com/articles/blog/one-in-4-sellers-received-four-or-more-offers-us-home-sells-in-2021-by-the-/18787.
Most Popular... This Week • Last 30 Days • Ever
In this edition of First-Timer Primer, we look at the ins and outs of the 203k loan.... read »
The largest development on the boards for the H Street Corridor will go before DC's B... read »
Today, we highlight the five DC neighborhoods that have been the most affordable to h... read »
A federal government shutdown at the end of this week looks more and more likely, and... read »
The national housing market has gained a tremendous amount of value in recent years, ... read »
With interest rates reaching their highest levels in 22 years, it is critically impor... read »
Plans have been filed with DC's Historic Preservation Office to convert the building ... read »
The change would allow for an 80-acre portion of DC's 272-acre Armed Forces Retiremen... read »
An application filed with DC this week signals the end is nigh for a McDonald's locat... read »
Madison Highland Live/Work Lofts has plans in the works to convert the 12-story offic... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
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!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro