
NAR 2023 Profile of Home Staging
Red Door Realty Group’s Recap of the National Association of REALTORS® 2023 Profile of Home Staging
At Red Door Realty Group, knowledge is key to providing exceptional service to our clients. That’s why we’re excited to share our insights from the National Association of REALTORS® 2023 Profile of Home Staging. This comprehensive report offers valuable data on how home staging influences buying and selling, from buyer perceptions to the impact on sale prices. Whether you’re considering selling your home or want to stay informed about the latest trends in real estate, our recap highlights the most important takeaways that can help guide your decisions in today’s competitive market. Dive in to learn how staging can make all the difference in attracting the right buyers and maximizing your home’s value.
This intro sets the stage for the recap and clearly and invitingly explains the report’s value.
Table of Contents
Section 1: Home Staging: Buyer’s Agent Perspective
Section II: Home Staging: Seller’s Agent Perspective
Section III: TV Influence and Buyer Expectations
1. Home Staging: Buyers’ Agent Perspective
- 58% of buyers’ agents cited that home staging had an effect on most buyers’ view of the home most of the time, while 31% said staging had an effect, but not always.
- 81% of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home.
- Staging the following areas was found to be most important for buyers:
- Living room: 39%
- Primary bedroom: 36%
- Kitchen: 30%
- Among buyers’ agents, the following listing materials were more or much more important to clients:
- Photos: 77%
- Traditional physical staging: 58%
- Videos: 74%
- Virtual tours: 42%
- 20% of buyers’ agents said staging a home increased the dollar value offered between 1% and 5%, compared to other similar homes on the market that were not staged.
2. Home Staging: Buyers’ Agent Perspective
- 23% of sellers’ agents reported that they staged all sellers’ homes before listing them for sale, while 10% mentioned they only staged homes that were difficult to sell.
- The most commonly staged rooms included:
- Living room: 91%
- Kitchen: 81%
- Primary bedroom: 81%
- Dining room: 69%
- It was most common for sellers’ agents to use a staging service (24%). Other options included:
- It depends on the situation: 24%
- Sellers’ agents personally offered to stage the home: 22%
- The median cost for using a staging service was $600, compared to $400 when the sellers’ agent personally staged the home.
- 20% of sellers’ agents reported that staging a home resulted in a 1% to 5% increase in the dollar value offered by buyers compared to similar unstaged homes.
- 27% of sellers’ agents indicated that staging led to slight decreases in the time on the market.
- Among sellers’ agents, the following listing materials were considered more or much more important to clients:
- Photos: 89%
- Traditional physical staging: 44%
- Videos: 44%
3. TV Influence and Buyer Expectations
- 81% of respondents noted that buyers clearly knew where they wanted to live and what they desired in an ideal home (76%) before starting their home search.
- 44% of respondents mentioned that buyers generally thought the home buying process would be neither easy nor difficult.
- A median of 5% of respondents observed that buyers expected homes to look like those staged on TV shows.
- A median of 10% of respondents reported that buyers were disappointed with how homes appeared compared to the TV show portrayals.
- A median of 20% of respondents found that buyers often brought family members along to view homes.
- A median of 30% of respondents indicated that buyers regularly consulted with family members during the buying process.
- 24% of respondents stated that TV shows depicting the buying process had an impact on their business.
- 73% of respondents said that TV shows influenced their business by creating unrealistic or heightened expectations among buyers.
- Over the last five years:
- 51% of respondents reported seeing a rise in the number of buyers planning to remodel a home.
- A median of 25% of respondents stated that buyers planning to remodel intended to do so within the first three months of owning a home.
- 56% of respondents mentioned that buyers typically did not have a set expectation of how many homes they would view before making a purchase.
- For those who did have an expectation:
- Buyers expected to visit a median of 7 homes in person.
- Buyers expected to view a median of 12 homes virtually.
- 56% of respondents noted that the number of homes buyers expected to see before buying was aligned with the market trends.
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