The "pool premium" for homes loses its sparkle
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The price premium for homes with pools is slipping back to pre-pandemic levels, Realtor.com reports.
Why it matters: Sellers banking on a big pool payoff might get a splash in the face.
By the numbers: The typical asking price boost is now roughly 21% per square foot compared to homes without pools, down from a 26% peak in 2022.
The big picture: Nearly one in four listings offered a pool in April — a record high, according to the real estate site.
- They're most common in sweltering Miami, Phoenix, and Orlando, Florida.
- Many metros seeing the biggest jumps, including Las Vegas and Houston, were homebuilding hot spots in recent years, where pools are a popular perk.
Between the lines: Houses with pools tend to be larger and often sit in pricier neighborhoods.
- The median listing was $599,000 in April and is expected to climb this summer.
- That's compared to $389,000 for a pool-free home, per the report.
Reality check: Pool or not, home prices have soared since the pandemic.
- As more homes hit the market, buyers may be less willing to pay up for a place to swim.
What's next: Other backyard features (think: outdoor showers and kitchens) can also help homes sell for more, Zillow research shows.
