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December 11, 2020 11:28 AM Natalie Campisi - Forbes Advisor
Posted:
Updated:
December 13, 2020 6:51 AM
Guesthouses, grannie units, casitas, in-law suites or the less fun, but formalized accessory dwelling units (ADUs) are all terms used to describe a second, often smaller, home on the same property as the main house. And homes that have ADUs are a hot ticket in today’s vigorous housing market.
Data shows that ADU homes have been selling faster, with higher price tags, year-over-year, while outpacing national sales trends during the coronavirus pandemic.
In January, before the pandemic took hold in the United States, homes with ADUs were selling 1.8% (two days) faster than the same time the year prior. Fast-forward to November, and the pace spiked to 26% (22 days) faster than the same time last year. This trend zipped past the national rate, where homes were selling 18% faster year-over-year in November, according to data from Realtor.com.