The 37 Most Profitable Markets for Home Sellers

When it comes to selling homes, some places are much more profitable than others.

It’s no surprise that certain areas are more profitable for home sellers than others, but it certainly is surprising which places those are. ATTOM Data Solutions, a property data company, just released its Q2 2017 U.S. Home Sales Report. They examined 118 metropolitan statistical areas with at least 1,000 home sales in the second quarter of 2017.

According to ATTOM Data Solutions, homeowners who sold in the second quarter gained an average price of $51,000 since purchase — the highest average price gain for home sellers since the recession. The last time gains were this high was in the second quarter of 2007 when sellers made an average profit of $57,000.

Profitable Places

Though the number’s not as high as it was 10 years ago, profits are looking up from the past few years. It looks like the second quarter of 2017 was a wise time to sell, but which markets had the highest sales?

While it’s important to choose the right location for real estate investments, it’s also important to have good credit. Poor credit can make it more difficult — and expensive — to buy and sell real estate. Before venturing into real estate, see where you stand. You can check two of your credit scores for free with Credit.com. You can also see just how much real estate you can buy with our How Much House Can You Afford? tool. Here are the areas where home sellers profited the most in the second quarter.

37. Las Vegas-Henderson-Paradise, Nevada

Average Homeseller Returns: 35%

36. Crestview-Fort Walton Beach-Destin, Florida

Average Homeseller Returns: 36%

35. Detroit-Warren-Dearborn, Michigan

Average Homeseller Returns: 37%

34. Cape Coral-Fort Myers, Florida

Average Homeseller Returns: 38%

33. Austin-Round Rock, Texas

Average Homeseller Returns: 38%

32. Lake Havasu City-Kingman, Arizona

Average Homeseller Returns: 38%

31. Spokane-Spokane Valley, Washington

Average Homeseller Returns: 39%

30. Salt Lake City, Utah

Average Homeseller Returns: 41%

29. Riverside-San Bernardino-Ontario, California

Average Homeseller Returns: 42%

28. Deltona-Daytona Beach-Ormond Beach, Florida

Average Homeseller Returns: 42%

27. Greeley, Colorado

Average Homeseller Returns: 43%

26. Eugene, Oregon

Average Homeseller Returns: 43%

25. Oxnard-Thousand Oaks-Ventura, California

Average Homeseller Returns: 44%

24. Nashville-Davidson-Murfreesboro-Franklin, Tennessee

Average Homeseller Returns: 44%

23. Provo-Orem, Utah

Average Homeseller Returns: 44%

22. Miami-Fort Lauderdale-West Palm Beach, Florida

Average Homeseller Returns: 45%

21. Sacramento-Roseville-Arden-Arcade, California

Average Homeseller Returns: 46%

20. Reno, Nevada

Average Homeseller Returns: 47%

19. Prescott, Arizona

Average Homeseller Returns: 47%

18. San Diego-Carlsbad, California

Average Homeseller Returns: 47%

17. Bremerton-Silverdale, Washington

Average Homeseller Returns: 48%

16. Urban Honolulu, Hawaii

Average Homeseller Returns: 48%

15. Stockton-Lodi, California

Average Homeseller Returns: 49%

14. Boulder, Colorado

Average Homeseller Returns: 49%

13. Vallejo-Fairfield, California

Average Homeseller Returns: 50%

12. Dallas-Fort Worth-Arlington, Texas

Average Homeseller Returns: 51%

11. Salem, Oregon

Average Homeseller Returns: 52%

10. Fort Collins, Colorado

Average Homeseller Returns: 53%

9. Los Angeles-Long Beach-Anaheim, California

Average Homeseller Returns: 53%

8. Boston-Cambridge-Newton, Massachusetts-New Hampshire

Average Homeseller Returns: 57%

7. Portland-Vancouver-Hillsboro, Oregon-Washington

Average Homeseller Returns: 59%

6. Santa Rosa, California

Average Homeseller Returns: 61%

5. Denver-Aurora-Lakewood, Colorado

Average Homeseller Returns: 62%

4. Modesto, California

Average Homeseller Returns: 62%

3. Seattle-Tacoma-Bellevue, Washington

Average Homeseller Returns: 63%

2. San Francisco-Oakland-Hayward, California

Average Homeseller Returns: 65%

1. San Jose-Sunnyvale-Santa Clara, California

Average Homeseller Returns: 75%

Image: Willard

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The 20 Most Profitable Housing Markets This Year

If you own a home in one of these markets, there's a good chance you've had a nice return on your investment.

If you’re looking to buy or sell a home this year, you probably know the housing market is booming in virtually every corner of the country. In fact, homeowners who sold in the first quarter of the year realized an average price gain of $44,000 since purchasing their home, a new ATTOM Data Solutions report shows. That equals an average 24% return on purchase price across the country — the highest average price gain for home sellers in nearly 10 years.

“The first quarter of 2017 was the most profitable time to be a home seller in nearly a decade, and yet homeowners are continuing to stay put in their homes longer before selling,” said Daren Blomquist, senior vice president with ATTOM Data Solutions. The report showed homeowners are staying in their homes just shy of eight years on average. “This counter-intuitive combination is in part the result of the low inventory of move-up homes available for current homeowners, while also perpetuating the scarcity of starter homes available for first-time homebuyers,” Blomquist added.

Of course, there are still some laggards. Baton Rouge, Louisiana, for example, saw average home prices decline by $15,000 from their previous purchase price. The same is true for Huntsville, Alabama, where average home prices declined by $8,100.

Of the 20 metro areas with the highest percent return on the previous purchase price, 10 were located in California and three were in Colorado. Competition among homebuyers, especially in these areas, is fierce, so it’s particularly important to have your finances locked and loaded before you start your search. Regardless of where you’re looking, getting pre-approved for a mortgage is key. You’ll also want to be sure your credit is in good shape so you’ll get the best mortgage terms available. You can check your credit scores for free on Credit.com.

These are the top 20 metro areas where home sellers are making the most money when selling their homes.

20. Port St. Lucie, Florida

Average return on investment: 39%
Average price gain: $53,000

19. Austin-Round Rock, Texas

Average return on investment: 39%
Average price gain: $81,795

18. San Diego-Carlsbad, California

Average return on investment: 41%
Average price gain: $144,000

17. Riverside-San Bernardino-Ontario, California

Average return on investment: 41%
Average price gain: $90,000

16. Boston-Cambridge-Newton, Massachusetts-New Hampshire

Average return on investment: 41%
Average price gain: $111,100

15. Oxnard-Thousand Oaks-Ventura, California

Average return on investment: 43%
Average price gain: $160,000

14. Sacramento-Roseville-Arden-Arcade, California

Average return on investment: 43%
Average price gain: $99,000

13. Fort Collins, Colorado

Average return on investment: 43%
Average price gain: $97,500

12. Greeley, Colorado

Average return on investment: 44%
Average price gain: $85,050

11. Urban Honolulu, Hawaii

Average return on investment: 46%
Average price gain: $161,110

10. Salem, Oregon

Average return on investment: 46%
Average price gain: $70,800

9. Vallejo-Fairfield, California

Average return on investment: 47%
Average price gain: $115,000

8. Denver-Aurora-Lakewood, Colorado

Average return on investment: 50%
Average price gain: $110,000

7. Los Angeles-Long Beach-Anaheim, California

Average return on investment: 50%
Average price gain: $187,000

6. Stockton-Lodi, California

Average return on investment: 51%
Average price gain: $101,000

5. Modesto, California

Average return on investment: 51%
Average price gain: $87,500

4. Portland-Vancouver-Hillsboro, Oregon-Washington

Average return on investment: 52%
Average price gain: $110,799

3. Seattle-Tacoma-Bellevue, Washington

Average return on investment: 56%
Average price gain: $139,325

2. San Francisco-Oakland-Hayward, California

Average return on investment: 65%
Average price gain: $276,750

1. San Jose-Sunnyvale-Santa Clara, California

Average return on investment: 71%
Average price gain: $356,000

Image: Peopleimages

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