Proceeds vs Profit: How Much Will I Make Selling My House?

Despite elevated mortgage rates and a slowdown in home sales, U.S. home prices continue to rise. In August 2024, pending home sales saw a 0.6% gain, according to the National Association of Realtors (NAR). During that period, the national median single-family existing-home price surged 3.1% year-over-year to $416,700.

The latest market stats have many homeowners asking the question: Is this a good time to sell my home? How much will I make selling my house?

If a homeowner determines that this is the time to move, questions arise:

  • How much will I make on my house?
  • What is my home worth?
  • What will my net profit be?

First, it’s important to know the current value of your home. A good place to start is by using an online home value estimator. HomeLight’s free home value estimator can give you a ballpark idea of your home’s worth.

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Next, we did some research and spoke with Jesse Allen, a top agent who sells homes 56% more quickly than the average Jeffersonville, Indiana, agent, in order to break down how to calculate how much money you might walk away with after selling your home.



from HomeLight Blog https://www.homelight.com/blog/how-much-will-i-make-selling-my-house/

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