As spring home buying season heats up, thousands of Americans are projected to list their homes for sale.

And although homeowners of various backgrounds will take to the market, data suggests that a specific demographic of Americans are more likely to sell their homes.

According to a recent report from Zillow, America’s average home seller is a 48-year-old Caucasian, college-educated couple with a middle-class income and a pet.

Interestingly, Zillow’s analysis indicates that the country’s home sellers are a lot less diverse than homebuyers.

In fact, only 24% of home sellers are people of color, with Hispanics making up the majority at 10%. African Americans and Asians represent 7% and 5% of the population, respectively.

This divide could partially be attributed to disparities in wages, as Zillow points out that the median household income for sellers is $72,500.

“One-third of sellers earn less than $50,000, 19% of sellers earn between $50,000 and $75,000, 15% have household income between $75,000 and $100,000, and another 34% earn more than $100,000,” Zillow writes.

According to data from the U.S. Census Bureau, as of 2017, Caucasian and white households made more than $60,000 annually. However, the median income for Hispanic and African American households sat around 50,000 and $40,000, respectively.

Notably, the National Association of Hispanic Real Estate Professionals recently released a report stating that Hispanics represented 62.7% of the increase in U.S. homeownership. So, while they fall behind in sales, they are surely gaining in home purchases.

The image below, courtesy of Zillow, highlights home selling demographics: 


Most Popular Articles

FHA loan limits increasing for almost all of U.S. in 2020

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.

Dec 05, 2019 By

Latest Articles

HousingWire is growing. Come join us

2019 has been a year of tremendous audience and product growth for HousingWire and we couldn’t be prouder. But we’re not ready to rest on our laurels. Far from it. In fact, 2020 promises to be an even bigger year for HousingWire.

Dec 06, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please