The typical seller made a 50% profit selling single-family homes and condos during the second quarter of the year, according to new data from ATTOM. The second quarter figure marked a slight increase from the 48.9% national median profit margin posted in the first quarter but was much lower than the 55.6% profit in the second quarter of 2024.
The median national sales price in the second quarter was $369,000, up 5.4% from the previous quarter and up 3.1% from one year ago. ATTOM noted that the typical home sale generated $123,000 in raw profit during the second quarter, a 5.6% decline from the $127,990 median profit posted one year earlier.
More than half (55.8%) of the 156 metro markets in ATTOM’s analysis saw profit margins that were equal to or higher than the national rate of 50%. That was down slightly from the previous quarter, when 59.6% of the markets posted typical profit margins over 50%. In pure dollar figures, the large metro areas with the highest typical profit on a home sale were all on the West Coast: San Jose ($830,000); San Francisco ($499,000); Los Angeles ($360,000); San Diego ($360,000); and Seattle ($330,050).
On the flip side, the major metro markets with the smallest typical raw profits were New Orleans ($45,000); San Antonio ($61,015); Oklahoma City ($62,500); Birmingham ($65,000); and Louisville ($73,700).
“We saw historically high home prices last quarter but even so, we didn’t see a big jump in seller profits,” said Rob Barber, CEO for ATTOM. “That’s a measure of the fact that home prices have been very high for a number of years now. While profit margins aren’t going up significantly, they’re still sitting at pretty good levels. The median home sale last quarter netted a 50% profit, whereas in the years right before the pandemic the typical seller was netting around 30%.”
