U.S. States Where Properties are Selling Above Asking Price: New Hampshire, Rhode Island, Wisconsin #1-3
U.S. states where properties are selling above asking price: Wisconsin ranks #3
- Wisconsin is the third-best state for real estate brokers, with 50.6% of properties exceeding the listed price.
- The study analyzed nationwide data on the percentage of properties selling for a higher price than initially posted on Zillow.
- In contrast, Wyoming, Louisiana, and West Virginia are home to properties that are least likely to sell above market value.
New data reveals the states where properties are closing above the listed price in America.
The study, conducted by real estate experts Agent Advice, examined monthly data on the percentage of property sales surpassing listing prices on Zillow. The states with the highest percentages between May 2019 and May 2024 have been named in the top 10 best states for people looking to sell their property.
New Hampshire takes the crown as the most desirable state for real estate brokers. In the state, 57.8% of properties sold above the asking price between May 2019 and May 2024, 94.6% above the national average of 29.7%.
Rhode Island ranks second. According to the study, 51.6% of properties closed above the listing price from May 2019 to May 2024 in Rhode Island; 73.7% above the national benchmark in America.
In third place is Wisconsin. The state saw 50.6% of properties sell for higher than initially listed on Zillow. As such, the state had 70.3% more elevated sales when compared to the rest of America.
Next, Maine follows in fourth place. The study revealed that 47.2% of properties sold were above market value from May 2019 to May 2024.
According to the study, Massachusetts is the fifth–best state for real estate brokers. The state saw 45.7% of properties sold over the asking price between May 2019 and May 2024, which is 53.8% above the national average.
Table 1: The best U.S. states for selling homes above market value
|
Rank
|
U.S. state
|
Average percentage of homes sold above asking price (May 2019 – May 2024)
|
|
1
|
New Hampshire
|
57.8%
|
|
2
|
Rhode Island
|
51.6%
|
|
3
|
Wisconsin
|
50.6%
|
|
4
|
Maine
|
47.2%
|
|
5
|
Massachusetts
|
45.7%
|
|
6
|
Connecticut
|
44.3%
|
|
7
|
Vermont
|
41.4%
|
|
8
|
California
|
40.9%
|
|
9
|
Washington
|
37.8%
|
|
10
|
Virginia
|
36.5%
|
Connecticut follows in sixth place, with 44.3% of properties bringing in more money than expected on Zillow. In total, this is 49.1% above the national benchmark in the United States.
In seventh place, with 41.4% of properties closing above the original listing price, is Vermont. As such, the state’s real estate market is 39.3% more likely to thrive throughout the latter half of 2024.
California ranks eighth, with 40.9% of properties selling for more than the original asking amount, followed by Washington in ninth, with 37.8%. Virginia is the tenth-best state for real estate agents, with 36.5% of properties bringing in more money than expected on Zillow.
On the other hand, Wyoming is the state where properties are least likely to sell above asking price. According to the study, the state saw 14.7% of properties surpass listing prices between May 2019 and May 2024, 50.5% lower than the national average.
Louisiana follows in second. Between May 2019 and May 2024, 16.9% of properties exceeded the asking price on Zillow, 43% below the benchmark in the United States.
West Virginia, with 17.6% of properties selling above the asking price, ranks third. Florida ranks fourth, with 17.7% of properties surpassing the listing prices, followed by Montana in fifth, with 18.6%, according to the study.
A spokesperson at Agent Advice has commented on the findings: “According to research by Statista, experts predict that five million homes will be sold throughout the U.S. by the end of 2024. This study has highlighted the states where properties are most likely to sell for a higher price than was initially listed. It is interesting to see Eastern states dominating the top ten, with New Hampshire and Rhode Island taking the top two spots; suggesting that these are desirable and oftentimes more expensive areas for U.S. residents eager to become property owners and settle down.”
Table 2: U.S. states where properties are least likely to sell above listed price
|
Rank
|
U.S. state
|
Average percentage of homes sold above asking price (May 2019 – May 2024)
|
|
1
|
Wyoming
|
14.7%
|
|
2
|
Louisiana
|
16.9%
|
|
3
|
West Virginia
|
17.6%
|
|
4
|
Florida
|
17.7%
|
|
5
|
Montana
|
18.6%
|
|
6
|
Kentucky
|
19.2%
|
|
7
|
Arkansas
|
20.1%
|
|
8
|
Mississippi
|
20.9%
|
|
9
|
Texas
|
21.1%
|
|
10
|
Oklahoma
|
21.5%
|
story credit: https://www.agentadvice.com/
Sources
- Zillow
- Statista
Methodology
This campaign examined data from Zillow on the percentage of homes sold above the asking price in each U.S. state. The properties mentioned include all home sales made between May 2019 and May 2024.
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Author: David Keech
David Keech is a retired teacher and works as a sportswriter, sports official and as an educational consultant. He has reported on amateur sports since 2011, known as 'KeechDaVoice.' David can be reached at [email protected]
