Slightly Under One-Third of 2024 Home Purchases Were All-Cash Sales
WRE NEWS February 19, 2025
Seller
WRE NEWS February 19, 2025
Seller
Slightly under one-third (32.6%) of home purchases in 2024 were all-cash transactions, according to new data from Redfin (NASDAQ: RDFN). This is down from 35.1% in 2023 and the lowest share since 2021.
Prior to the pandemic, the share of all-cash sales ranged from 25% to 30%. Redfin attributed last year’s decline to a smaller quantity of investors making purchases compared to previous years.
“The rate of all-cash sales remains high because when housing is expensive – like it is now – wealthier Americans who can afford to pay cash are more likely than lower-income Americans to be buying homes,” said Redfin Senior Economist Sheharyar Bokhari. “We are unlikely to see the share of all-cash purchases fall much lower in 2025, unless mortgage rates drop enough to drive a significant increase in sales.”
Florida metros had the highest share of cash homebuyers out of the markets Redfin analyzed, most notably in West Palm Beach (49.6%) and Jacksonville (40.6%). California’s Bay Area had the lowest share of all-cash buyers with San Jose (18.1%) and Oakland (18.6%).
Stay up to date on the latest real estate trends.
Seller
December 12, 2025
A lot of people are asking the same thing right now: “Is it even a good time to sell?” And the truth may come as a bit of a surprise...
Seller
December 11, 2025
Spring gets all the attention, but it’s not always the best time to sell a house.
Seller
December 9, 2025
If you’re like a lot of homeowners, you’ve probably thought: “I’d like to move… but I don’t want to give up my 3% rate.” That’s fair.
December 4, 2025
Buyer
December 2, 2025
Focus on homes that have been sitting on the market for a while.
Seller
November 28, 2025
When the holidays roll around, travel plans, family gatherings, and all the chaos of the season may make you think it’s better to pull your listing off the market or t… Read more
We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today