Home sellers made out big in 2024, with a recent report from property data provider ATTOM showing home sellers made a $122,500 profit on typical sales nationwide during the year. This means home sellers made a 53.8% return on investment. Despite this, the profit margin on median-priced home sales nationwide decreased from 56.9% in 2023, marking a second consecutive annual decline. This downward trend has continued despite median home prices rising to record levels. In 2024, median national home prices increased by 5% to $350,000.
Amid the tight supply of properties for sale, median values went up last year in 115, or 91 percent, of the 127 metropolitan statistical areas around the U.S. reviewed for this report. Those with the biggest year-over-year increases were Evansville, IN (median up 13.4 percent); Augusta, GA (up 13.2 percent); Albany, NY (up 12.3 percent); Fort Wayne, IN (up 12.2 percent) and Scranton, PA (up 12.1 percent).
The largest median-price increases in metro areas with a population of at least 1 million in 2024 came in Hartford CT, (up 11.1 percent); New York, NY (up 9.6 percent); Rochester, NY (up 9.5 percent); Detroit, MI (up 9.5 percent) and Providence, RI (up 9.4 percent). Read more
