24% of U.S. Homes Sold in 2017 Sold Above List Price

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Ranked by Number of new detached homes sold. price was $400,000 on the Oregon side and $355,000 in Southwest Washington -.

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Jan 11, 2018. SEATTLE, Jan. 11, 2018 /PRNewswire/ — Buyers paid more than the asking price in nearly one quarter (24 percent) of U.S. home sales in 2017, netting sellers an additional $7,000 each. Five years ago, 17.8 percent of final sale prices were higher than the asking price, according to a new Zillow analysisi.

Buyers paid more than the asking price in nearly one quarter (24 percent) of U.S. home sales in 2017, netting sellers an additional $7,000 each. Five years ago, 17.8 percent of final sale prices were higher than the asking price, according to a new Zillow analysisi.

The share of U.S. home sales that were above the listed price increased from 17.8 percent in 2012 to 24.1 percent in 2017. The typical price increase for homes that sold above the listed price was 3.1 percent. More than half of home sales in San Jose, San Francisco, Salt Lake City and Seattle went for more than the listed prices.

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The typical home seller in 2017 was 55 years of age, had a median household income of $98,800, and lived in their home for 9 years. 91% of sellers were assisted by a real estate agent when selling their home. Recent sellers typically sold their homes for 99% of the listing price, and 23% reported reducing the asking price at least once.

In Chicago, the share of sales above listing price in 2017 increased by five percentage points to 18 percent in 2017 compared to the 13 percent in 2012. Developing a 2.6 percent median for homes paid for over the listing price in 2017 at an average of $5,100.

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The U.S. housing. where a typical home entered into contract in just seven days More than a quarter of homes across the country sold above asking price. The most competitive market was San Jose,

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U.S. home prices rose 6.2 percent. the market in 2010. One in five homes (22.2%) that sold in April went under contract within two weeks of their debut. One in four (24.7%) homes sold above their.