Types of Homes That Sell the Fastest (2024)

byMarie Albao/November 10, 2023/inBlog, Ideas

Selling a home can be an exciting but sometimes daunting process. While market conditions, location, and pricing all play a crucial role in how quickly a property sells, the type of home you’re selling can also have a significant impact. In this article, we’ll explore the five types of homes that tend to sell the fastest in various real estate markets. Whether you’re a seller looking to make a quick sale or a buyer interested in what’s in demand, understanding these property types can provide valuable insights.

Types of Homes That Sell the Fastest (1)

1. Starter Homes

Starter homes are typically smaller, more affordable properties perfect for first-time buyers or individuals looking to downsize. They often feature two to three bedrooms and one or two bathrooms. What makes starter homes sell quickly is their affordability and broad appeal to a wide range of buyers. Young professionals, newlyweds, and small families are often on the lookout for these entry-level properties.

Tip: To ensure a quick sale for your starter home, focus on modernizing and staging it attractively. Minor repairs and updates can go a long way in making your property more appealing to potential buyers.

2. Updated and Well-Maintained Properties

Homes that are well-maintained and recently updated tend to sell faster than those in need of significant renovations. Buyers are often willing to pay a premium for properties that are move-in ready. This includes houses with updated kitchens, bathrooms, and energy-efficient features.

Tip: If you’re selling an updated home, highlight these features in your listing, and consider investing in professional staging to showcase the property’s full potential.

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3. Homes in Desirable Neighborhoods

Location is one of the most critical factors in real estate. Homes located in highly desirable neighborhoods with good schools, low crime rates, and convenient amenities tend to sell faster and at higher prices. These areas attract buyers looking for a better quality of life and long-term investments.

Tip: When selling a home in a prime location, emphasize its proximity to schools, parks, shopping centers, and public transportation in your marketing materials.

4. Single-Family Homes

Single-family homes are often more attractive to buyers than multi-family properties. They offer greater privacy and independence, making them a preferred choice for families. Additionally, single-family homes usually have more outdoor space, which is appealing for those with children or pets.

Tip: To maximize the appeal of your single-family home, focus on curb appeal, landscaping, and creating an inviting outdoor living space.

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5. Homes with Unique Features

Homes with unique features or architectural elements can stand out in the market and sell faster. These features might include a spacious backyard, a pool, a home office, a well-designed kitchen, or a stunning view. Anything that sets your property apart from the competition can be a selling point.

Tip: Highlight these unique features in your listing and consider professional photography to showcase them effectively.

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3 Popular Styles of Homes That Sell The Fastest

Three popular styles of homes that often sell quickly due to their timeless appeal and desirable features are Mid Century, Farm Style, and Craftsman Style homes.

1. Mid Century Style Homes

Mid Century Modern homes are renowned for their enduring design characterized by clean lines, open spaces, and large windows. This design philosophy has remained popular for decades and continues to attract buyers seeking a timeless aesthetic. These homes often seamlessly blend indoor and outdoor spaces, making them highly desirable, especially in regions with pleasant climates. This feature allows residents to enjoy the natural surroundings from the comfort of their homes. The emphasis on natural light and a connection with nature resonates with modern buyers who prioritize sustainability and well-being. Large windows and open floor plans maximize the flow of sunlight.

Mid Century homes often showcase iconic design elements such as flat roofs, exposed beams, and minimalist interiors, making them especially appealing to design-conscious buyers.

2. Farm Style Homes

Farm style homes exude a warm and inviting rustic charm that appeals to a wide range of buyers. Elements like exposed wooden beams, shiplap walls, and wide front porches contribute to their timeless appeal. These homes typically offer spacious interiors with open floor plans, making them well-suited for family living and entertaining. The sense of space is a significant selling point.

Farm style homes often come with larger lots and picturesque surroundings, creating a strong connection to nature. This connection aligns with the growing desire among homebuyers for serene retreats. The nostalgia associated with farmhouses, harking back to simpler times and traditional values, resonates with buyers seeking a respite from the fast pace of modern life.

3. Craftsman Style Homes

Craftsman homes are celebrated for their high-quality craftsmanship and meticulous attention to detail. Buyers seeking well-built and enduring properties are drawn to their solid construction. These homes often feature intricate woodwork, built-in furniture, and unique architectural details that give them a distinctive character and charm. Each Craftsman home feels like a work of art.

Craftsman homes are known for their well-thought-out layouts with practical, functional spaces. This makes them highly livable and adaptable to modern lifestyles. These homes often come with inviting front porches and beautifully landscaped yards. These elements enhance curb appeal and provide attractive outdoor spaces for relaxation and socializing.

In addition to these style-specific features, factors such as competitive pricing, effective marketing strategies, and maintaining the property in good condition play crucial roles in ensuring a fast sale. The speed of a home sale can also be influenced by factors like location, market demand, and economic conditions. However, regardless of the style, homes that are well-maintained and thoughtfully updated as mentioned above tend to have broader appeal and attract buyers more swiftly.

If you are planning to sell your home and want to do some renovations or remodeling, we will help you here at Builder Boy. Builder Boy is a full service general contractor, license no. 986389, with skilled craftsmen and tradesmen specializing in home renovations and new construction. Our home remodeling company specializes in services including new additions, kitchen remodels, bath remodels, stucco, custom cabinet builds & installation, concrete & hardscaping, drywall & house painting, and historical renovations. So, ready to partner with us? Contact us now.

Check outThe 10 Housing Upgrades with the Highest ROI for more inspirational ideas.

Types of Homes That Sell the Fastest (2024)

FAQs

What type of house sells the fastest? ›

Starter homes are typically smaller, more affordable properties perfect for first-time buyers or individuals looking to downsize. They often feature two to three bedrooms and one or two bathrooms. What makes starter homes sell quickly is their affordability and broad appeal to a wide range of buyers.

What houses sell fastest? ›

Two bedroom terraced houses have traditionally been one of the fastest selling property types. It stayed this way throughout the pandemic as well. And while their average time to sell has slowed this year, they're still the fastest selling property type - and the only one to sell in less than a month.

What style of house sells the most? ›

The Ranch House is America's Most Commonly Sold Home

The ranch house offers space and, occupying just one floor, cradle-to-grave accessibility. Plus, it is plain enough to be affordable – and resalable.

What property makes the most money? ›

1. Commercial Real Estate: Investing in commercial properties such as office buildings, retail spaces, and industrial facilities can be lucrative. Lease agreements with businesses tend to be longer-term and can provide a stable income.

What type of home is best for resale? ›

Colonial Homes

These homes often feature brick or wood siding and gable roofs. Colonial homes are popular among buyers because of their historical charm and practical layouts. Their timeless appeal makes them a top choice in many real estate markets, ensuring a high resale value.

What type of house has best resale value? ›

While resale value has many determining factors, some home styles simply have higher resale values than others when all other variables are equal. Topping that list are ranch-style homes. These single-level floor plans have no steps to climb up and down, making them ideal for older buyers.

Why do some houses never sell? ›

The common denominator is either the seller or the listing agent didn't listen to the market. Some sellers also fail to make a good agent selection. Pricing improperly and picking the wrong agent often go hand-in-hand. Simply listing a home on the MLS is not enough.

What month do homes sell the fastest? ›

Nationally, the best time to sell a house is March if you're trying to sell quickly, while the best time to maximize profit is July. Zillow recommends listing your home for sale in March, but no later than Labor Day, based on historical market trends.

How long do most houses take to sell? ›

On average, it takes 30 to 90 days to sell a home. However, timelines vary depending on your local market dynamics, home type and more. Home buyers can ask their real estate agent for insights on how quickly homes are moving or refer to websites for region-specific information.

What types of homes sell the fastest? ›

Low Price. Yes, the low price point of a house typically sells the fastest. Homes that have lower prices than the market average are often more attractive to buyers, who may be more likely to make offers on them. Additionally, homes with low prices have more competition among buyers, which can lead to a faster sale.

What size house sells the fastest? ›

Last year, homes in the top 1% by price nationwide that measured between 5,000 and 10,000 square feet were on the market for an average of 97 days before selling. Homes measuring between 2,000 and 5,000 square feet, by contrast, took 102 days to sell, and homes larger than 10,000 square feet took 126 days.

What is the least popular house style? ›

Meanwhile, the least desired home styles appear to be shipping container homes and tiny homes, the study finds.

What type of house is most popular? ›

A single-family home is a detached building built on a lot. They are the most common type of house; around 70 percent of Americans live in a single-family home.

What type of real estate appreciates the fastest? ›

Answer: Since 2012, the data is clear – single-family homes appreciate the fastest, followed by townhouses/duplexes, and then condos.

How quickly do most houses sell? ›

On average, it takes 30 to 90 days to sell a home. However, timelines vary depending on your local market dynamics, home type and more. Home buyers can ask their real estate agent for insights on how quickly homes are moving or refer to websites for region-specific information.

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