LodeStar: Closing Costs Averaged 1% of Home Sales Price in 2024

April 22, 2025

The national total closing costs for a purchase mortgage transaction averaged just over 1% of the home sales price last year, according to LodeStar’s 2025 Purchase Mortgage Closing Data Report. States without transfer taxes or with minimal transfer taxes tend to have a lower total closing cost when expressed as a percentage of the sales price.

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