Closing
costs
ranged
widely
across
the
country,
from
as
low
as
0.46%
of
the
sale
price
in

South
Dakota
to
as
high
as
2.99%
in
Delaware,
where
transfer
taxes
played
a
significant
role.

“Some
might
find
it
surprising
how
little
the
difference
there
is
between
median
and
average
sales
prices
and
closing
costs,”
said
Ron
Carvalho,
LodeStar’s
director
of
data
operations.

“It
goes
to
show
that
there’s
not
much
skewing
of
the
average
for
high
or
low
transaction
prices.
Our
data
seems
to
suggest
that
there’s
a
fairly
tight
price
range
in
a
given
market,
maybe
a
narrower
price
range
than
one
might
expect.”

The
report
notes
that
states
with
either
no
transfer
taxes
or
minimal
ones
—
such
as
South
Dakota,

Alaska
(0.54%)
and

North
Carolina
(0.56%)
—
typically
had
the
lowest
closing
costs
relative
to
sale
prices.

On
the
other
hand,
states
with
some
of
the
highest
percentages
were
those
where
transfer
taxes
made
up
the
bulk
of
the
expenses.
Along
with
Delaware,

New
York,

Vermont,

Pennsylvania
and

Washington,
D.C.,
topped
the
list.

Nationally,
the
average
and
median
home
sale
prices
in
2024
were
$438,236
and
$409,839,
respectively.
When
including
recording
fees
and
taxes,
the
average
and
median
closing
costs
came
in
at
$4,661
and
$3,513.
Without
taxes
and
recording
fees,
the
average
and
median
costs
fell
to
$3,042
and
$2,958.

LodeStar
said
it
plans
to
release
a
separate
report
on

refinance
mortgage
closing
costs
on
May
5.
The
full
purchase
closing
costs
report
can
be
found

here.