It Costs $21K To Sell An Average Home

MoneyTips

When you were a first-time homebuyer, you were probably surprised by the total amount of fees and closing costs. Are you familiar with the costs on the selling side?

A recent study from Zillow and Thumbtack calculated the average costs of selling a home both nationwide and in specific markets. The national average is $20,851, which is enough to make a down payment in many markets. The average costs of selling a home vary based on location, with cities ranging from the average $13,704 in St. Louis, MO, to a staggering $83,770 in San Jose, CA.

Home prices drive the difference between markets. Most of the costs – $14,281 of the $20,851 average – are real estate agent/broker commissions and state transfer/sales taxes, both of which are percentages of the home's sale price. The remaining costs are mostly associated with home preparation. Between exteri...

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