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GOBankingRates
The 10 Best States for Selling Homes in 2024
By Nicole Spector,
13 hours ago
In 2024, most housing markets have favored sellers over buyers, meaning that housing demand is exceeding supply, enabling sellers to mark up the prices of their homes. But not all states are the same. Some are even better for sellers than others.
GOBankingRates analyzed metro areas across the United States to find the most ideal places to sell your home. These are the 10 top states for home sellers in 2024.
Share of homes that sold above listing price: 16.8%
Alabama
Average home value: $365,202
Market heat index: 24
Share of listings with price cuts: 24.0%
Share of homes that sold above listing price: 9.0%
Methodology: For this study, GOBankingRates analyzed metro areas across the United States to find the best places to sell your home. Using the metros listed on Zillow Research Data, GOBankingRates found the average home values from July 2024, the market heat index, the shares of listings with a price cut, the median sale-to-list ratio and the percentage of homes sold above list, all sourced from Zillow Research Data. The market heat index was scored and weighted at 1.00, the sale-to-list ratio was scored and weighted at 1.00, the share of list with price cut was scored and weighted at 1.00, and the percentage of homes sold above list was scored and weighted at 1.00. All the scores were summed and sorted to show the best places to sell a home. Each state was averaged to find the best states to sell a home. All data was collected on and is up to date as of September 9, 2024.
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