- South Carolina is at the top with 77.30 house sales per 100,000 people
- Georgia is tenth place with60.46 house sales per 100,000 people
The US has seen a rapid increase in mortgage rates which then quickly fell in November of 2022, meaning that home purchases slowed.
Luxury Real Estate experts Sherman Oaks realtors analyzed data from Zillow’s Home Value Index Tool alongside population data from World Population Reviewto find out what the market looks like in 2023.
South Carolina has seen the most homes sold, with 77.30 per every 100,000 people. Over the last month, 4,071 houses and apartments were sold with the average price coming in at $301,659.
Arizona is next with 76.82 house sales at an average price of $419,675. This is above the national average of $357,319 acrossthe US.
With over 8,000 homes sold, North Carolina has 75.74 sales per 100,000 residents and has an average price of $329,634.
Florida is one of the highest in number of properties sold but due to its large population this translates to only 73.59 sales for every 100,000 people. The average price is above the national average at $404,939.
Tennessee is fifth in our list with 72.53 sales and the average price is below the national average, sitting at $311,330.
State
Homes sold
Average Price
Population
Sales per 100,000
South Carolina
4,071
$301,659
5,266,343
77.30
Arizona
5,669
$419,675
7,379,346
76.82
North Carolina
8,112
$329,634
10,710,558
75.74
Florida
16,454
$404,939
22,359,251
73.59
Tennessee
5,135
$311,333
7,080,262
72.53
Ohio
7,812
$217,283
11,878,330
65.77
Oklahoma
2,606
$190,568
4,021,753
64.80
Idaho
1,238
$459,947
1,920,562
64.46
Arkansas
1,856
$190,569
3,040,207
61.05
Georgia
6,662
$324,799
11,019,186
60.46
Ohio has a steep drop in sales per 100,000 to only 65.77 despite having the second highest population in the top ten.
Rounding out the list are Oklahoma with 64.80, Idaho with 64.46, Arkansas with 61.05 and Georgia with 60.46.
A spokesperson from Sherman Oaks realtors commented:
“We have seen sales drop year-by-year in real estate, and this is due to rising inflation and mortgage rates combined with low wages. However, seven states out of the top ten in this list have a lower average house price than the national average so they have become more affordable and have higher sales per capita as a result.
Population demographics also play a part. Florida has a much higher proportion of elderly residents, and they are the majority of cash buyers across the US.”
[ENDS]
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Source: This data was commissioned by RubyHome, luxury real estate experts, using Zillow and WorldPopulationReview
Methodology: Zillow.com was used to search recently sold house and apartment listings over the last 30 days in each state. The average house price was calculated using Zillow’s home value index tool and the population numbers are from World Population Review’s 2023 ranking.
Once entered into a spreadsheet, the above data was calculated per 100,000 people to give the final per capita number.
See below for the full list of 50 states.
If you have any questions, please let me know
Phillipa Collins
State
Sales per capita
South Carolina
77.30
Arizona
76.82
North Carolina
75.74
Florida
73.59
Tennessee
72.53
Ohio
65.77
Oklahoma
64.80
Idaho
64.46
Arkansas
61.05
Georgia
60.46
Nevada
59.27
Maine
58.58
Colorado
58.46
Michigan
58.18
Indiana
57.58
Alabama
57.46
Delaware
57.10
New Hampshire
55.95
Missouri
53.12
Iowa
50.53
Connecticut
50.26
Minnesota
49.46
Rhode Island
49.24
Kentucky
48.77
Wisconsin
48.68
Vermont
48.28
New Jersey
47.27
Washington
46.50
Oregon
46.45
Virginia
46.44
Pennsylvania
46.31
Nebraska
43.46
Illinois
42.80
Maryland
38.72
Kansas
38.10
Massachusetts
37.16
Louisiana
34.80
New Mexico
33.91
Alaska
33.63
West Virginia
33.28
New York
30.71
South Dakota
30.38
California
30.07
North Dakota
29.22
Texas
27.61
Hawaii
26.15
Wyoming
21.18
Montana
15.73
Utah
8.35
Mississippi
8.14
FAQs
These Are the States that Have Sold the Most Homes Per 100,000 People? ›
In 2021, about 13.43 million households were counted in the federal state of California, the most out of any state.
What states have the most homes? ›In 2021, about 13.43 million households were counted in the federal state of California, the most out of any state.
What state has the best housing market? ›| STATE RANKING FINAL | State | Economy Health Ranking |
|---|---|---|
| 1 | New York | 11 |
| 2 | Utah | 17 |
| 3 | Virginia | 3 |
| 4 | Massachusetts | 1 |
- Georgia. ...
- Tennessee. ...
- Nevada. ...
- New Jersey. ...
- North Carolina. ...
- Arizona. ...
- South Carolina. ...
- Florida. A view of Duval street in Key West, United States on May 7, 2024.
The number of housing units in the United States has been growing year-on-year and in 2022, there were approximately 144 million homes. That was an increase of about 1.1 percent from the previous year - the highest annual increase recorded in the past 15 years.
What state is selling the most houses? ›| State | Sales per capita |
|---|---|
| South Carolina | 77.30 |
| Arizona | 76.82 |
| North Carolina | 75.74 |
| Florida | 73.59 |
West Virginia leads all states with a 77% homeownership rate, followed closely by Delaware (75.7%), Mississippi (75.5%), Maine (75.5%), and Wyoming (74.5%), according to U.S. Census data.
What state has the cheapest rent? ›The cheapest rent prices could be found in West Virginia ($795), Arkansas ($846), North Dakota ($863), South Dakota ($866), Mississippi ($873), Iowa and Kentucky ($891), Wyoming ($895), Alabama ($913) and Oklahoma ($937).
What state has the lowest cost of living? ›Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi's housing costs are the lowest in the nation.
What state has the most overpriced homes? ›Key Takeaways. The most overvalued markets to purchase a home tend to be located along the California coast, as well as in tourist-popular Hawaii, tech-heavy Seattle and holdover “Zoomtowns” in Colorado, Idaho and Utah.
What is the hardest state to live in financially? ›
- Hawaii: The Worst State Financially for Families. Although Hawaii is known for beautiful beaches, it isn't known for being affordable. ...
- Nevada. ...
- Florida. ...
- Idaho. ...
- West Virginia.
WalletHub released its 2024 ranking of the best US states to live in. The study considered metrics like affordability, economy, and safety. Massachusetts was ranked the No. 1 state to live in.
What is the least desirable state to live in? ›With the worst economic ranking in the study and the third-worst ranking for education and health, Louisiana averaged out with the lowest score of any state. Not far behind was New Mexico, which had the second-worst safety ranking, followed by Arkansas, which graded out at 47th for quality of life and 46th for safety.
How old are most American houses? ›The median age of owner-occupied homes is 40 years old, according to the latest data from the 2022 American Community Survey[1].
What city in the U.S. has the biggest houses? ›| Rank | Area | Location |
|---|---|---|
| 1 | 178,926 sq ft (16,622.8 m2) | Asheville, North Carolina |
| 2 | 109,000 sq ft (10,100 m2) | West Hills, New York |
| 3 | 105,000 sq ft (9,800 m2) | Bel Air, Los Angeles, California |
| 4 (tie) | 100,000 sq ft (9,300 m2) | Wyndmoor, Pennsylvania |
65.8 percent of all Americans live in their own home as of 2022 that's about 230 Million Americans.
Which state has the most households? ›1. California
California has about 13,044,266 households as reported by 2021 within four years prior. The average number of persons per household totals approximately 2.95 people.
The most overvalued markets to rent a home are led by MSAs in Hawaii, California, New York, South Carolina and Florida.
What state has the most 2nd homes? ›According to NAHB estimates, the total count of second homes was 7.15 million in 2020, accounting for 5.11% of the total housing stock. This represents the most recent data available. As of 2020, the state with the largest stock of second homes was Florida (1.04 million), accounting for 10.8% of all second homes.