By Sarah Mikhitarian | Zillow
The average homeowner spends $20,851 to sell their home, Zillow and Thumbtack found in an analysis of how much it costs to sell a home. More than two thirds of those costs are transfer or sales taxes and agent commissions, which total $14,281 for the median-valued U.S. home.
With more than half of sellers doing so for the first time, those common but often overlooked expenses might come as a surprise.
In San Jose, Calif., the cost of selling the typical home is an astonishing $83,770, in part because of its sky-high median home value of $1.2 million, which brings closing costs (taxes plus commissions) to $76,015. Professional help with home preparation and local moving costs are substantial as well in Silicon Valley, summing to an average of $7,755—behind only Sacramento, where prep costs come to $7,840 but closing costs are a more moderate $24,990.
