Home Sellers Make Huge Profits in Athens, GA |

Home values ​​are increasing at historic rates in the United States. The median home price hit a record high of $ 310,500 in the third quarter of 2021, up 16% from the same period a year earlier, according to ATTOM Data Solutions, a provider of real estate and property data.

Soaring home values ​​are in part the product of growing demand, fueled in part by low mortgage rates. These conditions created a seller’s market unlike anything seen in recent memory. Nationally, the profit margin – the change between purchase and resale prices – on median-priced single-family homes sold in the third quarter was 47.6%, which equates to a profit of $ 100,178 . In many cities across the country, third-quarter profit margins largely eclipsed the national median.

In the Athens-Clarke County metropolitan area, located in Georgia, the sale of a typical house in the third quarter of 2021 generated a profit of 65.2% for the seller – the 23rd highest profit margin among metropolitan areas American considered. In dollar terms, the typical house in the area sold for $ 104,550 more than it was bought.

As is the case nationally, the region’s high profit margins have been fueled by a historic increase in home values. The typical Athens-Clarke County metropolitan area home sold for $ 265,000 in the third quarter of 2021, up 3.9% from the median sale price of $ 255,000 the previous quarter and 15 % of the median selling price of $ 230,500 in the third quarter of 2020.

All data in this story was provided by ATTOM Data Solutions. All US metropolitan areas with at least 200,000 residents and at least 1,000 single-family home and condo sales in the third quarter of 2021 were included.

Rank subway station Median home sales profit, Q3 2021 (%) Median residential sales profit, Q3 2021 ($) Median Home Selling Price, Q3 2021 ($)
1 City of Boise, ID 130.3 251,989 445 313
2 Bellingham, WA 105.6 273,500 530,500
3 Claremont-Liban, NH-VT 93.8 136,783 281 917
4 Spokane-Spokane Valley, WA 87.7 171,001 369,000
5 Prescott, Arizona 84.7 188,000 410,000
6 Stockton-Lodi, California 80.4 225,000 504,500
7 Seattle-Tacoma-Bellevue, WA 72.8 267,500 637,100
8 Lake Havasu City-Kingman, AZ 72.1 129,907 310,000
9 Utique-Rome, NY 72.0 67,000 160,000
ten Ogden-Clearfield, Utah 71.8 176,944 425,000
11 San José-Sunnyvale-Santa Clara, California 71.0 515,000 1,240,000
12 Austin-Round Rock, Texas 70.9 192 656 465,000
13 Erie, Pennsylvania 70.5 62,000 150,000
14 Grand Rapids-Wyoming, MI 70.0 105,000 255,000
15 Port Saint Lucie, Florida 69.4 125,000 303,418
16 Kennewick-Richland, WA 68.6 152,550 375,000
17 Flint, Michigan 68.5 68,500 168,250
18 Detroit-Warren-Dearborn, MI 68.0 87,000 215,000
19 Raleigh, North Carolina 67.0 143,250 357,000
20 Reno, NV 66.7 190,000 475,000
21 Olympia-Tumwater, WA 65.9 180,742 455,000
22 Durham-Chapel Hill, North Carolina 65.2 138,500 351,000
23 Athens-Clarke County, Georgia 65.2 104,550 265,000
24 Green Bay, WI 65.0 90,600 230,000
25 Salt Lake City, Utah 64.8 180 874 459,900
26 Provo-Orem, UT 64.7 181,880 463,199
27 Manchester-Nashua, NH 63.8 150,000 385,000
28 Rochester, New York 63.8 70,100 180,000
29 San Francisco-Oakland-Hayward, California 63.6 388,000 995,000
30 Modesto, California 62.7 160,000 415,000
31 Palm Bay-Melbourne-Titusville, Florida 62.4 111,000 289,000
32 Cape Coral-Fort Myers, Florida 62.2 117,000 304,000
33 Tampa-St. Petersburg-Clearwater, Florida 62.1 114,900 300,000
34 Merced, California 62.0 138,000 365,000
35 Pittsburgh, Pennsylvania 61.9 65,000 170,000
36 Kingsport-Bristol-Bristol, TN-VA 61.8 66,700 174,700
37 Sacramento – Roseville – Arden-Arcade, CA 61.6 199,000 525,000
38 Phoenix-Mesa-Scottsdale, AZ 61.3 150 100 395 204
39 Riverside-San Bernardino-Ontario, CA 60.8 185,500 490,000
40 Scranton – Wilkes-Barre – Hazleton, Pennsylvania 60.3 53,400 142,000

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