The typical home for sale is a 3-bedroom, 3-bath house with 2,000 square feet and a median price tag of $210,000 according the the Zillow Consumer Housing Trends Report 2018. Single-family detached homes account for the largest share of the homes sellers sold, but the types of homes differ by the generation of the seller and the locale. For example, Millennials, who comprise the largest share of sellers and tend to live in more densely populated cities and suburbs, are more likely than older generations to sell a townhome (15% compared with 8% of Gen Xers, 8% of Baby Boomers and 6% of Silent Generation sellers).
Thirty percent of sellers are selling a home in an urban area, about half are selling in the suburbs and less than 20% are selling in a rural areas, which is similar to the areas where buyers are purchasing.
SELLERS’ HOMES VARY BY LOCATION
After single-family homes, townhomes account for the largest share of homes sellers sold, followed by condos, manufactured/mobile homes and duplexes/triplexes. Suburban sellers are more likely to be selling single-family homes than sellers in urban locations and urban sellers are more likely to be selling townhomes.
Condos are rare among rural sellers, instead, they’re more likely to sell manufactured homes on lots they either own or rent. Among generations, Baby Boomers and Gen Xers are most likely to sell single-family detached homes, while Millennials are most likely to sell townhomes.