The typical profit for home sellers in the current real estate market varies, but a common range can be estimated based on the information provided. HomeLight's sample net sheet suggests that, after subtracting fees and expenses, sellers might expect to make around $150,000 from a median home sale price of $375,000. Zillow's home sale calculator estimates a profit of $269,830 for a home sold at a desired price of $302,000 with no remaining mortgage owed. However, it is important to account for closing costs, which typically range from 8% to 10% of the home's sale price. For a home selling at the median US home sale price of $230,100, that amounts to $17000 to $22000. Commissions, which can total between 5% and 6% of the home's sale price, are a significant part of these costs.
It is also worth noting that, according to Forbes, properties represented by a licensed Realtor tend to sell for around $77,000 more than FSBOs (For Sale By Owner) on average. This difference is about ten times the cost of paying a full 3% commission. Homeowners may also see a significant increase in homeowner equity due to annual home price growth. CoreLogic reports a 26,300 boost in average homeowner equity in 2020 alone.