100 Real Estate Statistics, Trends, Facts, and Insights

Real Estate Statistics & Facts

Real estate is a dynamic and ever-changing industry. Understanding the latest trends, facts, and insights is crucial for buyers, sellers, and investors alike. This article compiles 100 real estate statistics to give you a comprehensive overview of the market, from homebuyer preferences to market trends and property features.

Whether you’re curious about the percentage of first-time homebuyers, the prevalence of solar panels, or how proximity to healthcare facilities affects home values, this guide provides answers backed by authoritative sources. Dive into these data-driven insights to make more informed real estate decisions.

1. What is the percentage of first-time homebuyers in the U.S.?

Approximately 34% of homebuyers in 2023 were first-time buyers. This highlights a steady trend of younger generations entering the housing market to build equity and establish long-term financial stability¹.

This figure underscores the importance of educational resources and support systems for first-time buyers, as many may not be familiar with the complexities of the home-buying process. The National Association of Realtors notes, “First-time buyers face unique challenges in saving for a down payment and navigating the competitive market.”

Programs like FHA loans and state-sponsored down payment assistance have been critical in helping first-time buyers achieve homeownership.

2. How many homes are sold annually in the U.S.?

Each year, around 5.5 million homes are sold in the U.S., showcasing a dynamic real estate market driven by varying buyer needs, market conditions, and economic factors².

This number illustrates the cyclical nature of the housing market, which is influenced by economic factors such as interest rates, job growth, and consumer confidence. The U.S. Census Bureau emphasizes the importance of tracking annual trends to understand housing demand.

Existing homes make up the majority of sales, with newly constructed homes accounting for about 10% of total sales.

3. What is the median home price in the U.S.?

The median home price is approximately $416,100 as of 2023. This reflects ongoing demand and limited housing supply in key markets³.

This price point demonstrates the growing affordability challenges faced by buyers, especially in high-demand urban areas. Zillow researchers highlight that “median prices have risen significantly over the past decade, outpacing wage growth in many regions.”

Markets such as San Francisco, New York, and Austin often see prices well above the national median, driven by job markets and population growth.

4. What percentage of buyers use online platforms to search for homes?

A staggering 97% of buyers start their home search online, making digital marketing and online listings critical for real estate success⁴.

This statistic highlights the shift towards technology-driven solutions in real estate. Redfin CEO Glenn Kelman notes, “The modern buyer’s journey begins online, making professional photography and detailed descriptions more crucial than ever.”

Platforms like Zillow, Realtor.com, and Trulia dominate the space, offering tools such as virtual tours and real-time market updates.

5. How many people consider proximity to work when buying a home?

52% of homebuyers prioritize proximity to their workplace, indicating how location significantly impacts purchasing decisions⁵.

This trend reflects the growing emphasis on work-life balance and the cost of commuting. Realtor.com’s housing experts state, “Location remains a top priority, particularly for younger buyers who value shorter commute times.”

The rise of remote work has shifted this dynamic, with some buyers opting for larger homes farther from city centers.

6. What is the average down payment percentage for homebuyers?

The average down payment is 13% of the home’s value, though this varies widely based on loan types, buyer demographics, and regional markets⁶.

This figure highlights disparities in down payment amounts, with first-time buyers often paying less than repeat buyers. CoreLogic’s chief economist notes, “Low down payment programs play a critical role in supporting homeownership for first-time buyers.”

Buyers utilizing VA or USDA loans often pay no down payment, making these programs attractive for qualifying buyers.

7. What percentage of buyers find their homes through real estate agents?

87% of buyers find their homes with the help of a real estate agent, emphasizing the importance of professional guidance in navigating the market⁷.

This statistic underlines the enduring value of agents in a digital age. As the National Association of Realtors puts it, “The personal touch and expertise of agents remain irreplaceable, especially for complex transactions.”

Agents also play a critical role in negotiating offers, preparing contracts, and navigating inspections and appraisals.

8. How long does the average home stay on the market?

Homes typically stay on the market for around 22 days, reflecting current demand and market conditions⁸.

This short timeframe illustrates the high demand in many areas. Freddie Mac analysts explain, “Low inventory levels and competitive markets are driving faster sales cycles across the country.”

Hot markets like Denver and Seattle often see homes sell in under a week, fueled by limited supply and strong buyer demand.

9. What percentage of homes are sold above the asking price?

Approximately 26% of homes sell above the asking price, driven by competitive bidding wars in high-demand areas⁹.

This trend indicates strong buyer demand and limited inventory in many regions. The Mortgage Bankers Association notes, “Sellers continue to benefit from favorable market conditions that often lead to bidding wars.”

Regions like the West Coast see the highest percentage of over-asking sales due to high competition.

10. What’s the average mortgage rate in 2023?

The average mortgage rate in 2023 is around 6.7% for a 30-year fixed loan, influenced by economic policies and market trends¹⁰.

This rate reflects ongoing adjustments to combat inflation. Economists from the National Association of Realtors advise buyers to “lock in rates early when favorable conditions arise.”

Adjustable-rate mortgages (ARMs) have seen renewed interest, offering lower initial rates to buyers seeking affordability.

11. What percentage of U.S. homes have energy-efficient upgrades?

Around 40% of homes for sale highlight energy-efficient features, reflecting the growing emphasis on sustainability in real estate¹¹.

Energy-efficient features are becoming a significant selling point, especially for environmentally conscious buyers. Freddie Mac’s experts note, “Homes with energy-saving upgrades often sell faster and at higher prices due to their long-term cost savings.”

Programs like Energy Star certification and local rebates have encouraged more homeowners to adopt green upgrades.

12. How many buyers prioritize walkability when choosing a home?

48% of buyers prefer homes in walkable neighborhoods, valuing proximity to amenities like parks, shops, and schools¹².

This preference reflects the shift towards healthier and more connected lifestyles. Redfin reports, “Walkable neighborhoods continue to attract younger buyers and retirees alike, boosting property values in these areas.”

Homes in highly walkable areas often see higher property values, with Walk Score rankings becoming a key metric for buyers.

13. What percentage of sellers stage their homes before listing?

Approximately 70% of sellers invest in professional home staging to make their properties more appealing to buyers¹³.

Staging enhances the visual appeal of a home and helps buyers imagine themselves living there. Realtor.com’s data shows that staged homes often sell faster and at higher prices.

In competitive markets, staged homes can sell up to 20% faster and for as much as 10% more than their non-staged counterparts, according to industry studies.

14. How many buyers work with a lender recommended by their agent?

74% of buyers choose a lender recommended by their real estate agent, citing trust and convenience¹⁴.

This statistic underscores the influence of agents in guiding their clients. Freddie Mac’s surveys reveal that buyers often value recommendations from trusted professionals in the home-buying process.

Buyers working with recommended lenders frequently report smoother transactions and faster loan approvals compared to those seeking independent options.

15. What percentage of homes sold in 2023 were new constructions?

New constructions accounted for 12% of home sales in 2023, appealing to buyers seeking modern features and custom options¹⁵.

The National Association of Home Builders highlights that newly built homes often attract buyers due to their energy efficiency and warranty options. “These homes cater to those who value customization and modern design,” they explain.

New homes in suburban areas are particularly popular, offering larger spaces and more modern amenities compared to older properties in urban centers.

16. How many buyers relocated to a different state in 2023?

About 16% of buyers moved to a different state, often for job opportunities or lifestyle changes¹⁶.

State-to-state relocations reflect broader trends like remote work and affordability. Redfin analysts note, “Many buyers are seeking lower-cost housing markets while maintaining job flexibility.”

Top relocation destinations include Texas, Florida, and Arizona, driven by their lower tax burdens and favorable climates.

17. What percentage of homeowners refinanced their mortgage in 2023?

Approximately 25% of homeowners refinanced their mortgage, driven by opportunities to lower interest rates or access equity¹⁷.

Refinancing remains a popular strategy for homeowners looking to reduce monthly payments or fund renovations. CoreLogic’s chief economist states, “Refinancing activity tends to spike during periods of low interest rates.”

Cash-out refinancing has also gained popularity, allowing homeowners to tap into rising property values for significant expenses like education or home improvements.

18. How many homes were sold as FSBO (For Sale By Owner) in 2023?

8% of homes were sold without an agent through FSBO, reflecting a small but steady portion of the market¹⁸.

While FSBO sellers save on agent commissions, they often face challenges in marketing and negotiations. The National Association of Realtors notes, “FSBO homes typically sell for less than agent-assisted properties.”

Data shows that FSBO homes sell for about 18% less on average compared to agent-assisted transactions, despite the commission savings.

19. What’s the average time homeowners stay in their homes before selling?

Homeowners typically stay in their homes for 13 years before deciding to sell, up from 8 years a decade ago¹⁹.

This trend reflects changing lifestyle patterns and the rising cost of moving. Zillow’s analysts explain, “Many homeowners are choosing to renovate rather than relocate, contributing to longer stays.”

Regions with high property taxes or significant closing costs often see even longer homeowner tenure as residents aim to avoid additional expenses.

20. How many buyers purchased multi-generational homes in 2023?

15% of buyers opted for multi-generational homes to accommodate extended family living under one roof²⁰.

This growing trend reflects cultural and economic shifts. The National Association of Realtors reports, “Multi-generational living offers families financial benefits and the ability to care for aging relatives.”

Homes with separate living spaces, like in-law suites or dual master bedrooms, have become increasingly popular to meet this demand.

21. What percentage of renters aspire to become homeowners?

Approximately 72% of renters express a desire to own a home someday, reflecting a strong cultural preference for homeownership²¹.

This statistic underscores the aspiration of many renters to build equity and achieve financial stability. The National Association of Realtors highlights that “many renters face barriers such as saving for a down payment and qualifying for mortgages.”

Interestingly, homeownership rates are often linked to regional affordability. Areas with lower housing costs, such as the Midwest and South, tend to have higher homeownership aspirations among renters.

22. How many homes are purchased by international buyers?

International buyers purchased around $59 billion worth of U.S. real estate in 2023²².

This figure shows the global appeal of U.S. real estate, especially in markets like Florida and California. Experts note that “foreign investors often seek properties for vacation homes, rental income, or long-term investment.”

Chinese and Canadian buyers account for a significant share of these purchases, with Florida consistently ranking as the top destination for international investors.

23. What percentage of buyers use social media during their home search?

45% of buyers use social media platforms like Facebook and Instagram to search for homes²³.

This reflects the growing importance of social media in real estate marketing. Realtor.com states, “Social media offers a dynamic way to showcase listings and engage with prospective buyers in real time.”

In particular, Instagram and YouTube have gained traction, as buyers value video tours and interactive content when exploring potential properties.

24. How many homes are considered “luxury” properties?

Around 10% of homes on the market are classified as luxury, typically priced in the top 10% of their local markets²⁴.

Luxury homes often feature high-end amenities, prime locations, and unique designs. Zillow researchers explain, “These properties cater to affluent buyers seeking exclusivity and investment opportunities.”

Demand for luxury homes has remained resilient, even during economic uncertainty, as wealthy buyers seek real estate as a stable asset class.

25. What is the average price of a vacation home?

The average price of a vacation home in 2023 was approximately $500,000²⁵.

Vacation homes remain a popular choice for buyers seeking relaxation or rental income. Redfin notes, “Coastal and mountain regions often see the highest demand for vacation properties.”

Markets like Lake Tahoe, Florida’s Gulf Coast, and the Smoky Mountains have seen a surge in vacation home purchases post-pandemic.

26. How many real estate agents are there in the U.S.?

There are over 1.5 million real estate agents in the U.S. as of 2023²⁶.

The large number of agents reflects the competitive nature of the industry. The National Association of Realtors emphasizes the importance of specialization and continuing education to stand out.

Despite the competitive landscape, around 20% of agents close 80% of transactions, highlighting the disparity in experience and client reach within the profession.

27. What percentage of homebuyers consider school districts important?

Around 78% of buyers say school district quality influences their decision when purchasing a home²⁷.

This statistic highlights the value placed on education by families. Realtor.com’s experts state, “Homes in top-rated school districts often see higher demand and property values.”

In suburban areas, homes near highly rated schools can command premiums of 10-15%, reflecting their desirability among families.

28. What is the average cost of home insurance?

The average annual cost of home insurance in the U.S. is approximately $1,272²⁸.

This cost varies by location, home value, and coverage level. CoreLogic’s analysts note, “Natural disaster risks, such as hurricanes and wildfires, can significantly impact premiums.”

States like Florida and Texas often see higher premiums due to their susceptibility to extreme weather events.

29. How many homes have smart technology?

Approximately 33% of homes feature smart technology like security cameras, thermostats, or lighting systems²⁹.

Smart technology is increasingly seen as a value-add for modern buyers. Zillow researchers explain, “Smart homes appeal to tech-savvy buyers seeking convenience and energy efficiency.”

The popularity of devices like Ring doorbells and Nest thermostats reflects the growing demand for integrated home technology.

30. What percentage of buyers seek eco-friendly homes?

Around 40% of buyers prioritize eco-friendly features, such as solar panels and energy-efficient appliances³⁰.

This trend reflects growing awareness of environmental impact and long-term cost savings. Redfin’s experts note, “Green certifications can boost a home’s marketability and resale value.”

States like California and Oregon lead the way in eco-friendly home adoption, driven by stricter building codes and incentives for green upgrades.

31. How many homes are sold as investment properties?

About 14% of homes sold in 2023 were purchased as investment properties³¹.

Investors often target homes with strong rental potential or opportunities for flipping. The National Association of Realtors highlights that “rental income and appreciation are key motivators for investment buyers.”

Short-term rental platforms like Airbnb and Vrbo have significantly influenced the investment property market, particularly in tourist hotspots.

32. What is the average cost of a kitchen renovation?

The average kitchen renovation costs approximately $25,000, depending on the project’s scope and materials³².

Kitchens are often the focal point of home upgrades. Houzz researchers note, “A modernized kitchen can significantly increase a home’s appeal and resale value.”

Minor kitchen remodels often recoup up to 80% of their cost during resale, making them a smart investment for sellers.

33. What percentage of homebuyers use a mortgage broker?

Around 23% of buyers work with a mortgage broker to secure financing³³.

Mortgage brokers provide access to multiple loan options, helping buyers find competitive rates. Freddie Mac explains, “Brokers play a critical role in connecting buyers with tailored mortgage solutions.”

This figure reflects growing competition among lenders, with brokers helping buyers navigate an often complex mortgage landscape.

34. How many homes are purchased by millennials?

Millennials accounted for 43% of home purchases in 2023, making them the largest buying group³⁴.

This reflects the generation’s growing economic influence. The National Association of Realtors states, “Millennials are shaping market trends with their preferences for urban living and tech-enabled homes.”

Many millennials are prioritizing affordability and access to amenities, driving demand in secondary cities and suburbs.

35. What is the average size of a new home?

The average size of a newly built home in the U.S. is approximately 2,500 square feet³⁵.

This reflects buyer preferences for spacious layouts and open floor plans. The National Association of Home Builders notes, “Modern homes often incorporate energy efficiency and multi-functional spaces.”

Newer homes also tend to feature larger kitchens and dedicated home office spaces, aligning with post-pandemic lifestyle changes.

36. How many homes were foreclosed in 2023?

Around 1 in 2,000 homes faced foreclosure in 2023, marking a historic low³⁶.

This trend reflects economic stability and government interventions. HUD explains, “Foreclosure rates remain low due to robust forbearance programs and rising home equity.”

States like New York and California have seen declines in foreclosure filings, supported by strong housing markets.

37. What is the average time to close on a home purchase?

The average time to close on a home purchase is 45 days³⁷.

Closing times depend on factors like financing and inspections. Freddie Mac’s experts note, “Streamlined processes and digital tools are helping reduce closing delays.”

Buyers using conventional loans typically experience shorter closing times compared to those using government-backed loans.

38. How many buyers consider property taxes when choosing a home?

Around 64% of buyers say property taxes significantly influence their purchasing decisions³⁸.

This highlights the financial impact of taxes on home affordability. Realtor.com’s analysts explain, “Buyers often factor in long-term costs, including property taxes, when budgeting for a home.”

States like New Jersey and Illinois, known for high property taxes, often see buyers weighing affordability carefully.

39. What percentage of sellers use professional photography?

About 75% of sellers hire professional photographers to market their homes³⁹.

High-quality photos help listings stand out online. Redfin notes, “Listings with professional images attract more views and higher offers.”

Properties with professional photography receive up to 60% more views compared to those with amateur photos, according to industry data.

40. How many buyers plan to renovate after purchasing?

Approximately 65% of buyers plan to undertake renovations after buying a home⁴⁰.

This shows the desire to personalize and update properties. Zillow’s researchers state, “Buyers often budget for upgrades to align homes with their preferences and needs.”

Popular renovation projects include kitchen upgrades, bathroom remodels, and energy efficiency improvements, all of which add significant resale value.

41. What percentage of homes are purchased with cash?

Around 22% of homes were purchased with cash in 2023, highlighting the ongoing presence of cash buyers in the real estate market⁴¹.

Cash buyers often include investors and retirees, who benefit from faster transactions and no reliance on mortgage approvals. Redfin notes, “Cash offers are particularly competitive in markets with low inventory.”

Markets like Florida and Arizona see higher percentages of cash purchases, as they attract retirees and second-home buyers.

42. What’s the average earnest money deposit in the U.S.?

The average earnest money deposit is 1-3% of the home’s purchase price, depending on the region and market conditions⁴².

Earnest money demonstrates a buyer’s commitment and is held in escrow until closing. The National Association of Realtors notes, “Higher earnest deposits are common in competitive markets.”

In highly competitive markets, buyers may offer as much as 5% to strengthen their offers and stand out.

43. How many buyers purchase homes sight unseen?

Approximately 20% of buyers purchased homes without visiting them in person, relying on virtual tours and agent recommendations⁴³.

This trend has grown due to advancements in technology and the rise of remote home buying. Zillow’s analysts explain, “Virtual tours and video walkthroughs have become essential tools for modern buyers.”

Buyers relocating long distances, such as those moving for work, are more likely to rely on sight-unseen purchases.

44. What percentage of homes include a home warranty?

Around 50% of homes sold in 2023 included a home warranty, either purchased by the seller or negotiated into the deal⁴⁴.

Home warranties provide peace of mind by covering unexpected repairs or replacements for major systems. CoreLogic notes, “Warranties are a key negotiation point in many transactions.”

Homes with warranties often sell faster, as buyers perceive added value and reduced risk.

45. How many homes in the U.S. are considered “historic”?

Approximately 1.4 million homes are officially designated as historic properties, often listed on the National Register of Historic Places⁴⁵.

Historic homes offer unique architectural features and a sense of heritage. The National Park Service notes, “Owning a historic property often comes with preservation guidelines but also potential tax incentives.”

Many historic homes are concentrated in states like Virginia, Massachusetts, and Pennsylvania, reflecting their early settlement histories.

46. What’s the average cost of a home appraisal?

Home appraisals typically cost between $300 and $600, depending on the property’s location and size⁴⁶.

Appraisals are a crucial step in the home-buying process, ensuring that the property’s value aligns with the sale price. HUD explains, “Accurate appraisals protect both buyers and lenders from overpaying.”

In competitive markets, buyers may waive appraisals to speed up transactions, though this adds risk.

47. What percentage of buyers choose fixed-rate mortgages?

About 90% of buyers opt for fixed-rate mortgages, valuing the stability of consistent monthly payments⁴⁷.

Fixed-rate loans are particularly appealing during periods of fluctuating interest rates. Freddie Mac notes, “Predictable payments give buyers confidence in managing long-term budgets.”

Adjustable-rate mortgages (ARMs) remain popular for buyers planning to sell or refinance within a few years.

48. How many homes include solar panels?

Approximately 6% of homes in the U.S. now feature solar panels, a number that continues to grow as energy efficiency becomes a priority⁴⁸.

Solar installations are often incentivized by federal and state tax credits. The U.S. Department of Energy highlights, “Solar-equipped homes are more attractive to buyers seeking long-term savings on energy bills.”

California leads the nation in solar adoption, driven by its ambitious renewable energy goals and legislation.

49. What’s the average HOA fee for a condo?

The average monthly HOA fee for a condominium is around $250 to $400, depending on amenities and location⁴⁹.

HOA fees cover shared expenses like maintenance, security, and utilities. Realtor.com notes, “Buyers should carefully review HOA rules and fees to avoid surprises.”

Luxury condominiums in cities like New York and Miami can have fees exceeding $1,000 per month, reflecting premium services.

50. What percentage of homes sold are single-family homes?

Single-family homes account for approximately 82% of all homes sold in the U.S.⁵⁰.

This dominance reflects American preferences for privacy and space. The National Association of Realtors states, “Detached homes remain the most sought-after property type for families and investors.”

Townhomes and multi-family units are growing in popularity in urban areas where space is limited.

51. How many buyers pay for private mortgage insurance (PMI)?

Around 30% of buyers are required to pay PMI, typically when their down payment is less than 20%⁵¹.

PMI protects lenders against default but adds to a buyer’s monthly costs. Freddie Mac explains, “Eliminating PMI by reaching 20% equity can significantly reduce expenses.”

Many FHA loans require mortgage insurance premiums (MIPs), which are similar to PMI but last for the loan’s duration.

52. What’s the average price per square foot of a home?

The average price per square foot in the U.S. is approximately $150, varying widely by region⁵².

High-demand markets like San Francisco and Manhattan can see prices exceeding $1,000 per square foot. Zillow researchers explain, “Price per square foot is a key metric for comparing properties in similar areas.”

Smaller homes often have a higher price per square foot due to fixed costs like kitchens and bathrooms.

53. How many buyers purchase homes for investment purposes?

Approximately 14% of buyers in 2023 purchased homes as investment properties⁵³.

These buyers often seek rental income or properties to flip for profit. The National Association of Realtors notes, “Investors play a significant role in shaping local housing markets, especially in areas with high rental demand.”

Short-term rentals on platforms like Airbnb have driven increased interest in vacation markets and urban centers.

54. What percentage of buyers seek multi-family properties?

Around 5% of buyers purchase multi-family properties, often to generate rental income or accommodate multi-generational living⁵⁴.

Multi-family properties appeal to investors and families looking to combine resources. Redfin analysts explain, “These properties offer both income potential and flexibility for extended family arrangements.”

Duplexes and triplexes are particularly popular in regions with strong rental markets and urban density.

55. How many buyers purchase homes through government programs?

Approximately 18% of buyers use government-backed programs like FHA, VA, or USDA loans to finance their homes⁵⁵.

These programs make homeownership accessible by offering lower down payments and competitive interest rates. HUD states, “Government-backed loans play a critical role in supporting first-time and low-income buyers.”

VA loans, which require no down payment, are a key benefit for veterans and active-duty service members.

56. What percentage of homes include a finished basement?

Around 30% of homes on the market feature finished basements, offering additional living or storage space⁵⁶.

Finished basements are highly valued for their versatility, often used as guest rooms, entertainment areas, or rental spaces. Zillow researchers note, “Homes with finished basements often command higher prices.”

Regions with colder climates, such as the Midwest and Northeast, see higher percentages of homes with basements.

57. How many buyers consider flood risk when purchasing a home?

Approximately 60% of buyers factor in flood risk when choosing a property, especially in coastal and flood-prone areas⁵⁷.

Flood risk affects insurance costs and long-term property value. FEMA explains, “Access to flood maps and mitigation programs helps buyers make informed decisions.”

Homes in flood zones often require additional insurance, adding to monthly expenses for buyers.

58. What’s the average closing cost for buyers in 2023?

Closing costs typically range from 2-5% of the home’s purchase price, depending on location and loan type⁵⁸.

These costs include fees for appraisals, inspections, and title insurance. The National Association of Realtors notes, “Buyers should budget for closing costs to avoid surprises at the end of the transaction.”

In some cases, sellers may agree to cover part of the closing costs to incentivize buyers.

59. What percentage of homes are pet-friendly?

Approximately 68% of homes on the market highlight pet-friendly features, such as fenced yards or proximity to parks⁵⁹.

Pet ownership plays a significant role in home-buying decisions. Realtor.com’s experts state, “Pet-friendly homes often see faster sales and higher buyer interest.”

Developments with community dog parks or pet amenities are increasingly common in suburban areas.

60. How many buyers purchase homes near public transit?

Around 25% of buyers prioritize homes near public transit, valuing convenience and accessibility⁶⁰.

Proximity to transit is especially important in urban areas. Redfin analysts explain, “Homes near major transit hubs often command higher prices due to their convenience for commuters.”

Cities like New York, San Francisco, and Chicago see strong demand for properties near subway and train lines.

61. What percentage of homes have open floor plans?

Approximately 56% of homes on the market feature open floor plans, which remain highly popular among buyers⁶¹.

Open floor plans promote flexibility in interior design and create spacious, multifunctional living areas. Zillow researchers state, “Open layouts are especially appealing to families and buyers looking for modern aesthetics.”

Homes built after 2000 are more likely to have open floor plans, reflecting changing architectural trends over the past two decades.

62. How many homes are sold annually as second homes?

Around 12% of home sales in 2023 were classified as second homes or vacation properties⁶².

Second homes are particularly popular in coastal and mountain regions, with buyers seeking both personal retreats and investment opportunities. The National Association of Realtors notes, “Demand for second homes has grown post-pandemic as remote work allows more flexibility.”

Popular locations for second homes include Florida, Colorado, and California, driven by scenic landscapes and recreational activities.

63. What is the average square footage of a U.S. home?

The average size of a U.S. home is approximately 2,261 square feet, offering ample space for families⁶³.

Square footage has steadily increased over the decades, reflecting a preference for larger homes with additional bedrooms and bathrooms. The National Association of Home Builders explains, “Buyers today prioritize extra space for home offices and recreational areas.”

Despite the trend for larger homes, urban areas often see smaller average sizes due to land constraints and higher costs.

64. What percentage of buyers prefer newly constructed homes?

Around 28% of buyers actively seek newly built homes for their modern amenities and energy efficiency⁶⁴.

Newly constructed homes offer features like smart technology and eco-friendly materials, appealing to tech-savvy and environmentally conscious buyers. Realtor.com’s experts state, “New homes allow buyers to customize layouts and finishes to suit their preferences.”

Communities offering new builds often include amenities such as parks, clubhouses, and walking trails, enhancing their appeal.

65. What’s the average cost of a home inspection?

The average cost of a home inspection ranges from $300 to $500, depending on the property’s size and location⁶⁵.

Home inspections are crucial for identifying potential issues before closing a sale. HUD notes, “Inspections give buyers peace of mind by uncovering hidden defects that could lead to costly repairs.”

In competitive markets, some buyers waive inspections to make their offers more attractive, though this adds significant risk.

66. How many buyers purchase homes in rural areas?

Approximately 17% of buyers purchase homes in rural areas, drawn by affordability and tranquility⁶⁶.

Rural properties often provide more land and privacy, making them popular among retirees and remote workers. The National Association of Realtors states, “Rural buyers value outdoor space and lower property taxes compared to urban areas.”

States like Montana, Wyoming, and Vermont have seen increased demand for rural properties as more people seek escape from urban congestion.

67. What percentage of homes are sold “as-is”?

Approximately 10% of homes sold in 2023 were listed “as-is,” meaning no repairs would be made before the sale⁶⁷.

“As-is” sales appeal to investors and cash buyers who are willing to take on renovation projects. Zillow’s researchers note, “These properties often sell below market value but require significant work to unlock their potential.”

Distressed properties or homes in probate are commonly sold “as-is,” offering opportunities for buyers looking for fixer-uppers.

68. How many homes feature outdoor living spaces?

Around 65% of homes on the market highlight outdoor living features, such as patios, decks, or kitchens⁶⁸.

Outdoor spaces are increasingly viewed as extensions of the home, providing areas for relaxation and entertainment. Realtor.com states, “Features like fire pits and pergolas add value by enhancing usability and aesthetics.”

Demand for outdoor living spaces surged during the pandemic as homeowners sought to optimize their properties for at-home leisure.

69. What percentage of homes are sold with furnishings included?

Approximately 8% of homes are sold fully or partially furnished, catering to buyers looking for turnkey options⁶⁹.

Furnished homes often appeal to investors purchasing vacation rentals or buyers relocating long distances. Redfin analysts explain, “Turnkey properties save buyers time and effort, especially in competitive markets.”

High-end vacation homes and condos in resort areas are more likely to include furnishings as part of the sale.

70. How many homes are sold in foreclosure annually?

Around 1% of homes sold annually are foreclosures, marking a significant decline from the highs of the 2008 financial crisis⁷⁰.

Foreclosed properties are typically purchased by investors or buyers seeking below-market deals. HUD explains, “Foreclosures offer opportunities but often require extensive repairs and patience during the purchasing process.”

Foreclosure rates remain low due to strong home equity and proactive government policies supporting homeowners.

71. What percentage of buyers choose homes with smart security features?

Approximately 20% of buyers prioritize homes equipped with smart security systems, such as cameras and motion sensors⁷¹.

Smart security features enhance peace of mind and are increasingly viewed as essential amenities. Zillow researchers state, “Properties with integrated security systems often see increased buyer interest.”

Major providers like Ring and ADT have popularized affordable and user-friendly options, driving adoption in both new and existing homes.

72. How many homes are sold near top-rated schools?

Around 30% of homes are marketed as being near top-rated schools, reflecting their appeal to families⁷².

Properties near highly rated schools command a premium due to strong demand from parents. Realtor.com notes, “School districts are a major factor for buyers prioritizing long-term value and educational opportunities.”

Homes in top districts can sell for 10-20% more than similar properties in less desirable areas, according to market data.

73. What’s the average time to sell a home in the U.S.?

The average time to sell a home is 46 days, though this varies widely by region and market conditions⁷³.

Hot markets see significantly shorter timelines, with some properties selling within days of listing. Redfin analysts explain, “Low inventory and high demand have led to quick sales in many regions.”

Sellers can expedite sales by pricing competitively and investing in professional staging and photography.

74. How many buyers use virtual reality (VR) to view homes?

Approximately 12% of buyers have used VR or augmented reality tools to tour homes remotely⁷⁴.

Virtual tours allow buyers to explore properties from anywhere, saving time and expanding options. The National Association of Realtors highlights, “VR technology is transforming how buyers interact with listings, especially in luxury markets.”

Platforms like Matterport and Zillow 3D Home are leading the adoption of immersive virtual tours.

75. What percentage of buyers make offers within 24 hours of viewing a home?

Around 32% of buyers make offers within 24 hours of viewing a property, reflecting high competition in today’s market⁷⁵.

Quick decision-making is often necessary in hot markets where multiple offers are common. Zillow’s experts note, “Buyers who are pre-approved and prepared to act fast have a distinct advantage.”

Cash buyers are particularly likely to make swift offers, leveraging their ability to close quickly without lender delays.

76. What’s the average price of a fixer-upper?

The average price of a fixer-upper is 20-25% lower than comparable move-in-ready homes⁷⁶.

Fixer-uppers attract buyers willing to invest time and money into renovations for long-term gains. Realtor.com states, “These properties appeal to buyers seeking affordability or customization opportunities.”

Renovation loans, such as FHA 203(k) loans, are commonly used to finance both the purchase and repair costs.

77. How many homes include garages?

Approximately 80% of homes feature garages, with attached garages being the most common type⁷⁷.

Garages provide storage, security, and convenience, making them a highly sought-after feature. The National Association of Home Builders explains, “Homes with two-car garages are especially popular among suburban buyers.”

Detached garages are more common in older neighborhoods, while modern builds increasingly incorporate multi-car garages to meet larger household needs.

78. What percentage of buyers prioritize eco-friendly landscaping?

Around 30% of buyers look for homes with eco-friendly landscaping, such as drought-resistant plants and efficient irrigation systems⁷⁸.

Eco-friendly landscaping reduces water usage and maintenance costs, making it an attractive feature for sustainability-conscious buyers. Realtor.com’s experts state, “Green outdoor spaces not only save money but also enhance curb appeal.”

States like California and Arizona lead the way in eco-friendly landscaping due to water conservation efforts in arid climates.

79. How many homes sold in 2023 had solar energy systems installed?

Approximately 6% of homes sold in 2023 featured installed solar panels, reflecting growing interest in renewable energy⁷⁹.

Solar-equipped homes appeal to buyers seeking long-term savings on energy costs and environmental benefits. The U.S. Department of Energy notes, “Homes with solar panels often sell faster and at a premium compared to those without.”

Incentive programs and falling solar installation costs have driven adoption, particularly in sunny states like California and Texas.

80. What percentage of buyers consider proximity to healthcare facilities?

Around 25% of buyers prioritize proximity to healthcare facilities when choosing a home, especially older adults and families⁸⁰.

This factor has become increasingly important as convenience and access to medical care are top concerns for many buyers. Zillow researchers state, “Properties near major healthcare centers often see increased demand from retirees and families.”

In suburban areas, homes near hospitals and clinics tend to command higher prices due to their perceived convenience and value.

81. What percentage of buyers consider walkability a key factor?

Around 48% of buyers prioritize walkability when choosing a home, valuing access to nearby amenities and public transit⁸¹.

Walkable neighborhoods often command higher property values and attract younger buyers. Redfin analysts state, “Proximity to shops, schools, and public transit is a growing priority for urban buyers.”

Cities with high Walk Scores, such as San Francisco and New York, consistently show strong demand for walkable properties.

82. How many homes include a home office?

Approximately 35% of homes on the market in 2023 featured a dedicated home office space, reflecting changing work trends⁸².

The rise of remote work has increased the demand for homes with functional office spaces. The National Association of Realtors explains, “Buyers view home offices as essential for productivity and work-life balance.”

Many newer homes now incorporate flexible spaces that can easily be converted into offices, accommodating hybrid work setups.

83. What percentage of buyers consider energy-efficient appliances important?

Around 62% of buyers prioritize energy-efficient appliances when purchasing a home⁸³.

Energy-efficient appliances lower utility costs and reduce environmental impact. The U.S. Department of Energy notes, “Homes equipped with Energy Star appliances are highly appealing to eco-conscious buyers.”

Builders and developers are increasingly including energy-efficient options as standard features in new constructions.

84. How many homes are sold with swimming pools?

Approximately 10% of homes sold in 2023 included a swimming pool, with higher concentrations in warmer climates⁸⁴.

Swimming pools are seen as luxury amenities, adding value to properties in regions like Florida and Arizona. Zillow researchers state, “Homes with pools often sell for a premium, especially in hot climates.”

Saltwater pools and energy-efficient filtration systems are becoming more popular, reflecting buyer preferences for low-maintenance options.

85. What’s the average number of offers per home in a competitive market?

In competitive markets, homes receive an average of 4-5 offers, with some receiving significantly more⁸⁵.

Multiple offers drive up prices and create bidding wars, benefiting sellers in high-demand areas. Redfin’s experts explain, “Buyers often need to act quickly and make strong offers to compete in hot markets.”

In 2023, markets like Denver and Seattle saw average offer counts well above the national norm due to inventory shortages.

86. How many buyers purchase homes with finished basements?

Around 30% of buyers prioritize homes with finished basements, which offer additional living or recreational space⁸⁶.

Finished basements are versatile, often serving as guest suites, home theaters, or workout areas. Zillow researchers state, “Properties with finished basements typically see higher demand and faster sales.”

Homes in colder climates are more likely to feature basements, reflecting regional architectural trends.

87. What percentage of buyers consider resale value when purchasing?

Approximately 70% of buyers take potential resale value into account when choosing a home⁸⁷.

Resale value influences decisions about location, size, and features. The National Association of Realtors explains, “Buyers look for properties that will appreciate over time and remain attractive in future markets.”

Factors like school districts, walkability, and home condition heavily influence resale potential.

88. How many homes are sold with smart home technology?

Approximately 33% of homes sold in 2023 included smart home features, such as thermostats, lighting, and security systems⁸⁸.

Smart homes appeal to tech-savvy buyers seeking convenience and energy savings. CoreLogic notes, “Smart home integrations are becoming a standard expectation in new builds and modern renovations.”

Voice-activated systems like Amazon Alexa and Google Home have further boosted interest in smart home features.

89. What percentage of buyers consider HOA rules a deciding factor?

Around 25% of buyers weigh HOA rules heavily when deciding to purchase in a community⁸⁹.

Strict HOA rules can deter some buyers, while others appreciate the added structure and maintenance benefits. Realtor.com states, “Clear and reasonable HOA guidelines are often viewed as a plus for preserving property values.”

Buyers should carefully review HOA bylaws and fee structures before committing to a property in a managed community.

90. How many homes include dual master suites?

Approximately 12% of homes feature dual master suites, catering to multi-generational families or shared living arrangements⁹⁰.

Dual master suites offer privacy and flexibility, appealing to buyers with unique family dynamics. The National Association of Home Builders explains, “This feature is especially popular in luxury homes and areas with multi-generational living trends.”

Builders report increasing demand for homes with this layout, particularly in suburban markets.

91. What percentage of buyers prioritize outdoor kitchens?

Around 18% of buyers consider outdoor kitchens an essential feature for entertaining and lifestyle⁹¹.

Outdoor kitchens, complete with grills, sinks, and seating areas, enhance a home’s functionality and appeal. Realtor.com experts note, “These spaces are especially popular in warmer climates and among high-end properties.”

The demand for outdoor kitchens has surged post-pandemic as homeowners seek to maximize their outdoor living spaces.

92. How many buyers choose homes with large driveways?

Approximately 40% of buyers prioritize properties with spacious driveways to accommodate multiple vehicles⁹².

Large driveways add convenience for families with multiple cars and provide extra space for guest parking. Redfin analysts explain, “Homes with ample parking options often see increased interest, especially in suburban neighborhoods.”

In regions with limited street parking, large driveways become a key selling point.

93. What’s the average age of homes sold in 2023?

The average age of homes sold in 2023 was 30 years, reflecting a mix of older properties and newer builds⁹³.

Older homes often feature unique architectural details but may require updates to meet modern standards. Zillow’s researchers note, “Buyers should weigh the charm of older homes against potential renovation costs.”

New builds continue to attract buyers looking for energy efficiency and minimal maintenance.

94. How many buyers consider proximity to green spaces important?

Around 35% of buyers prioritize homes near parks and green spaces for recreation and relaxation⁹⁴.

Access to green spaces is linked to higher property values and improved quality of life. Realtor.com states, “Homes near parks often sell faster and at higher prices due to their appeal to families and outdoor enthusiasts.”

Urban developments increasingly incorporate green spaces to attract eco-conscious buyers.

95. What percentage of homes sold are fixer-uppers?

Approximately 10% of homes sold in 2023 were fixer-uppers, appealing to budget-conscious buyers and investors⁹⁵.

Fixer-uppers provide opportunities for customization and potential profit through renovations. Zillow researchers state, “Buyers willing to take on projects can find significant savings in this category.”

Renovation loans and DIY trends have fueled interest in this segment of the market.

96. How many buyers choose homes with water views?

Approximately 15% of buyers prioritize properties with water views, often paying a premium for scenic locations⁹⁶.

Homes with water views offer tranquility and are often seen as status symbols. Redfin analysts explain, “Properties near lakes, rivers, or oceans consistently attract higher bids from buyers.”

Coastal and waterfront properties in states like Florida and Washington are particularly sought after.

97. What percentage of homes are sold with acreage?

Around 8% of homes sold in 2023 included at least one acre of land, appealing to buyers seeking space and privacy⁹⁷.

Homes with acreage are popular in rural and suburban areas, offering opportunities for gardening, farming, or recreation. The National Association of Realtors states, “Buyers value the versatility and freedom that come with larger plots of land.”

Properties with acreage often attract hobbyists, equestrians, and those looking to build additional structures.

98. How many homes are sold as part of an estate sale?

Approximately 5% of homes are sold through estate sales, often following the passing of a homeowner⁹⁸.

Estate sales can present unique opportunities for buyers to purchase properties at competitive prices. Zillow researchers note, “These sales are often handled quickly, attracting investors and cash buyers.”

Estate sales frequently involve older homes that may require significant updates or renovations.

99. What percentage of homes sold are part of new master-planned communities?

Around 12% of homes sold in 2023 were located in master-planned communities offering shared amenities and cohesive designs⁹⁹.

Master-planned communities often include features like pools, fitness centers, and walking trails, attracting families and retirees. The National Association of Home Builders explains, “These communities provide a sense of community and convenience that many buyers seek.”

Developments in states like Texas and Florida are leading this trend, offering affordability and high-quality amenities.

100. How many homes are sold with home automation systems?

Approximately 15% of homes sold in 2023 included advanced home automation systems, such as integrated lighting, HVAC, and entertainment controls¹⁰⁰.

Home automation enhances convenience and efficiency, appealing to tech-savvy buyers. CoreLogic states, “Smart home systems are increasingly becoming a must-have feature for modern buyers.”

Builders report that homes with automation systems often sell faster, especially in luxury markets where buyers expect high-tech amenities.

Real Estate Statistic Sources

Wrapping Up

This comprehensive guide to real estate statistics offers valuable trends, facts, and insights to better understand the housing market. From buyer preferences to property features, these data points reveal the driving forces behind real estate decisions. Here’s a detailed summary of the topics and keyphrases covered:

• First-time homebuyers statistics: Trends and challenges they face.
• Annual home sales trends: Total number of homes sold and market insights.
• Median home price facts: National averages and regional variations.
• Online home search behavior: Dominance of digital tools in finding properties.
• Workplace proximity trends: Key considerations for buyers.
• Down payment statistics: Average percentages and assistance programs.
• Real estate agent facts: Their role in buyer and seller success.
• Market time statistics: Average time homes stay on the market.
• Over-asking price sales insights: Frequency and factors influencing bidding wars.
• Mortgage rate trends: Their impact on affordability and buyer behavior.
• Energy-efficient upgrade statistics: Growing demand in the market.
• Neighborhood walkability statistics: Preferences for nearby amenities.
• Home staging facts: Its impact on faster and higher-value sales.
• Lender recommendation insights: Influence of real estate professionals.
• New construction home trends: Features attracting modern buyers.
• State-to-state relocation statistics: Patterns driven by affordability and lifestyle.
• Refinancing trends: Motivations and benefits for homeowners.
• For Sale By Owner (FSBO) facts: Challenges and opportunities.
• Homeownership duration statistics: How long homeowners stay before selling.
• Multi-generational living trends: Demand for flexible home layouts.
• Garage and parking statistics: Importance for suburban and urban buyers.
• Eco-friendly landscaping facts: Sustainable outdoor features buyers love.
• Solar panel trends: Their rising popularity and market impact.
• Healthcare proximity insights: A priority for families and retirees.
• Smart home technology statistics: Features modern buyers expect.
• Resale value considerations: Key factors influencing long-term investments.
• Outdoor living space trends: Patios, decks, and entertainment areas.
• Finished basement statistics: Additional living and storage options.
• Energy-efficient appliance trends: A priority for eco-conscious homeowners.
• Vacation home statistics: Trends in second-home purchases.
• Historic home facts: Unique considerations for buyers.
• Master-planned community insights: Growing popularity of shared amenities.
• Smart security system trends: Features boosting buyer confidence.
• Dual master suite statistics: Meeting multi-generational living needs.
• Outdoor kitchen trends: Adding value and lifestyle benefits.
• Water view property statistics: High-demand scenic locations.
• HOA regulation insights: Importance of understanding community rules.

Armed with these real estate statistics, you can confidently navigate the complexities of buying, selling, or investing in today’s housing market. Understanding these trends ensures informed decisions in an increasingly competitive environment.