Showing posts with label home sales data 2025. Show all posts
Showing posts with label home sales data 2025. Show all posts

Thursday, May 29, 2025

Average Days on Market for Homes in 2025

Understanding how long homes stay on the market is crucial for buyers, sellers, and real estate professionals. In 2025, the average days on market (DOM) varies significantly across the United States, reflecting regional demand, inventory levels, and economic factors.


🏠 National Overview

  • Median DOM: 50 days (April 2025), up 4 days from the previous year.

  • Average DOM: 117 days; Median DOM: 77 days.

  • Average Home Value: $367,711, up 1.4% year-over-year.

Realtor
HousingWire
Zillow

🔥 Top 10 Fastest-Selling Cities

RankCityMedian DOMMedian Home PriceMonths of Inventory
1Grand Rapids, MI13 days$334,0001.3
2Buffalo, NY14 days$250,0001.5
3Seattle, WA15 days$823,0001.8
4San Jose, CA16 days$1.5 million1.3
5Richmond, VA18 days$385,0001.6
6Boston, MA21 days$716,0001.8
7Indianapolis, IN21 days$301,0001.9
8Sacramento, CA23 days$500,0002.1
9Albany, NY25 days$330,0002.0
10Nassau County, NY26 days$650,0002.1

Note: Data compiled from various sources including Realtor.com and Clever Real Estate.


🧊 Top 10 Slowest-Selling Cities

RankCityMedian DOMMedian Home PriceMonths of Inventory
1Boerne, TX84 days$537,5004.5
2Jacksonville, FL63 days$350,0004.2
3San Antonio, TX62 days$308,0004.5
4Birmingham, AL57 days$286,0003.5
5Nashville, TN56 days$385,0003.5
6Pittsburgh, PA55 days$275,0003.4
7New York, NY55 days$737,0004.3
8Phoenix, AZ54 days$428,0003.5
9Chicago, IL53 days$345,0003.2
10Miami, FL52 days$450,0003.1

Note: Data compiled from various sources including Realtor.com and Clever Real Estate.


📈 Factors Influencing DOM

  • Inventory Levels: Lower inventory often leads to faster sales.

  • Pricing Strategies: Homes priced competitively tend to sell quicker.

  • Economic Conditions: Interest rates and employment rates impact buyer activity.

  • Seasonality: Spring and summer months typically see faster sales.

The Washington Post
Axios
Clever Real Estate















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