The average real estate commission in the U.S. ranges from 5% to 6% of the home’s sale price. So if your home sells for $250,000, the commission can range from $12,500 to $15,000. The commission rate typically drops when there are fewer listings available.
What does the average realtor make in Ohio?
First Year Real Estate Agent Salary in Ohio
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $120,862 | $58 |
| 75th Percentile | $97,063 | $47 |
| Average | $74,363 | $36 |
| 25th Percentile | $48,998 | $24 |
What’s the average real estate agent commission in Ohio?
The data: We polled local agents and found that the average real estate commission in Ohio is 5.82%, which is higher than the national average of 5.45%. For a house sold for $161,507, this rate translates to $9,400 in real estate agent commission costs.
Do you pay realtor’s fees in Ohio?
Who pays realtor fees in Ohio? In Ohio, home sellers pay real estate commission fees out of the final sale proceeds for both agents involved in a deal. However, since this commission is baked into the sales price, you could say that the home buyer is paying — at least in part — through a higher price.
How much does it cost to sell a house in Ohio?
That means, to sell an average Ohio house worth $177,300 you’ll pay about $10,400 in realtor fees. Realtor commission is usually the largest cost you’ll face when selling your home — but you don’t have to pay the full 5.84%. Selling with a discount real estate company like Clever could help you save thousands on commission.
What’s the average Commission for selling a home?
For a home sold for $250,000 (which is around the national median home value), this translates to $6,431-7,417. We also found that listing commission rates can vary by as much 32% depending on where you live.
