Executive Summary
This comprehensive report analyzes the largest real estate brokerages across the top 10 metropolitan areas in the United States. For each metro area, we've compiled data on the largest brokerages by transaction volume, including their number of agents, transaction sides, total revenue, and average commission rates. The report also includes market information for each metropolitan area to provide context for brokerage performance.
Key Findings
- Compass (New York) leads with $184.5B in volume
- The Real Brokerage (Miami) and United Real Estate (Dallas) are among the top performers
- Commission rates range from 4.82% to 6% across metro areas
- 8 of the 10 metro areas are seller's markets, with only Houston and Miami being buyer's markets
1. New York-Newark-Jersey City, NY-NJ-PA
Market Information
Population: 19,498,249
Market Status: Seller's market
Top Brokerages by Volume
| Brokerage | Volume | Transaction Sides | Agents | Avg. Volume per Agent |
|---|---|---|---|---|
| Compass | $184.5B | 177,716 | 29,000+ nationwide (19,000+ in NY) | $9.7M |
| Douglas Elliman | $34.4B | 21,606 | 7,000+ nationwide | $4.9M |
| Brown Harris Stevens | $7.9B | 4,224 | N/A | N/A |
| HUNT Real Estate ERA | $3.3B | 11,839 | N/A | N/A |
| Daniel Gale Sotheby's | $3.3B | 2,743 | N/A | N/A |
| Signature Premier Properties | $3.3B | 4,957 | N/A | N/A |
| SERHANT. | $2.0B | 1,197 | N/A | N/A |
Commission Information
Average commission rate: 5.39% - 5.7%
Listing agent: ~2.7-2.85%
Buyer's agent: ~2.6-2.85%
Commission rates vary by city within the metro area
2. Los Angeles-Long Beach-Anaheim, CA
Market Information
Median home price: $1,498,000 (+8% from start of year)
Average price per square foot: $927
Median days on market: 84 days
Market Status: Seller's market (MAI score of 45)
Top Brokerages by Volume
| Brokerage | Volume | Transaction Sides | Agents | Avg. Volume per Agent |
|---|---|---|---|---|
| Equity Union Real Estate | $2.0B | 2,420 | N/A | N/A |
| Berkshire Hathaway HomeServices | $882.8M | 1,383 | Part of 50,000+ network | N/A |
| Keller Williams Los Feliz | $466.0M | 397 | Part of 174,000-190,000 network | N/A |
| Keller Williams Downtown LA | $419.1M | 368 | Part of 174,000-190,000 network | N/A |
| Keller Williams Larchmont | $392.6M | 291 | Part of 174,000-190,000 network | N/A |
Commission Information
Average commission rate: 5.06% - 5.8%
Listing agent: 2.65%
Buyer's agent: 2.41-3.15%
Commission split: Typically 60/40 in agent's favor for new agents
3. Chicago-Naperville-Elgin, IL-IN-WI
Market Information
Median home price: $299,000 (unchanged from start of year)
Average price per square foot: $214
Median days on market: 77 days
Market Status: Seller's market (MAI score of 36)
Top Brokerages by Volume
| Brokerage | Volume | Transaction Sides | Agents | Avg. Volume per Agent |
|---|---|---|---|---|
| @Properties | $22.6B | 35,232 | 4,000+ | $5.7M |
| Baird & Warner Real Estate | $5.2B | 12,245 | N/A | N/A |
| CENTURY 21 Circle | $1.7B | 5,361 | Part of 150,000+ network | N/A |
| Dream Town Realty Inc | $1.3B | 2,626 | N/A | N/A |
| KW ONEChicago | $889.3M | 2,042 | Part of 174,000-190,000 network | N/A |
| Fulton Grace Realty | $635.5M | 1,336 | N/A | N/A |
| RE/MAX Mi Casa | $276.0M | 1,078 | Part of 140,000+ network | N/A |
Commission Information
Average commission rate: 4.98% - 6%
Listing agent: 2.58% - 3%
Buyer's agent: 2.58% - 3%
Illinois average: 5.07% (below national average)
4. Dallas-Fort Worth-Arlington, TX
Market Information
Median home price: $450,000 (unchanged from start of year)
Average price per square foot: $300
Median days on market: 77 days
Market Status: Seller's market (MAI score of 40)
Top Brokerages by Volume
| Brokerage | Volume | Transaction Sides | Agents | Avg. Volume per Agent |
|---|---|---|---|---|
| United Real Estate | $16.9B | 41,266 | 800+ in North Texas (20,400+ nationwide) | $21.1M |
| Coldwell Banker Apex | $4.2B | 10,447 | Part of 100,000+ network | N/A |
| Briggs Freeman Sotheby's | $2.4B | 2,436 | Part of 25,000+ network | N/A |
| CENTURY 21 Judge Fite | $1.8B | 4,423 | Part of 150,000+ network | N/A |
| Rogers Healy and Associates | $787.9M | 1,490 | N/A | N/A |
| Pinnacle Realty Advisors | $748.1M | 2,458 | N/A | N/A |
| Better Homes and Gardens Winans | $581.8M | 1,381 | Part of 12,000+ network | N/A |
Commission Information
Average commission rate: 5.65% - 6%
Listing agent: 2.85% - 3%
Buyer's agent: 2.8% - 3%
Texas average: 5.76% (higher than national average)
Average commission per transaction: $6,675
5. Houston-The Woodlands-Sugar Land, TX
Market Information
Median home price: $352,435 (-3% from start of year)
Average price per square foot: $215
Median days on market: 84 days
Market Status: Buyer's market (MAI score of 29)
Top Brokerages by Volume
| Brokerage | Volume | Transaction Sides | Agents | Avg. Volume per Agent |
|---|---|---|---|---|
| Keller Williams Heritage/Memorial/Coastal Bend | $3.5B | 8,554 | 1,649 | $2.1M |
| Better Homes and Gardens Gary Greene | $2.5B | 5,577 | Part of 12,000+ network | N/A |
| REALM Real Estate Professionals | $1.2B | 3,255 | N/A | N/A |
| CB&A, Realtors | $1.2B | 2,970 | N/A | N/A |
| Greenwood King Properties | $1.1B | 1,081 | N/A | N/A |
| Berkshire Hathaway HomeServices | $1.0B | 2,751 | Part of 50,000+ network | N/A |
| Keller Williams Platinum Houston | $608.2M | 1,554 | Part of 174,000-190,000 network | N/A |
Commission Information
Average commission rate: 5.56% - 6%
Texas average: 5.76% (higher than national average)
Average commission per transaction: $5,117
Buyer's agent: Typically 3%
Listing agent: 2.56-3%
6. Atlanta-Sandy Springs-Alpharetta, GA
Market Information
Median home price: $395,000 (-9% from start of year)
Average price per square foot: $265
Median days on market: 84 days
Market Status: Seller's market (MAI score of 31)
Top Brokerages by Volume
| Brokerage | Volume | Transaction Sides | Agents | Avg. Volume per Agent |
|---|---|---|---|---|
| Keller Williams - The Rawls Group | $3.5B | 7,163 | 206+ | $17.0M |
| Keller Williams - Heart of Atlanta | $3.2B | 7,386 | 1,571 | $2.0M |
| Better Homes and Gardens Metro Brokers | $1.6B | 4,407 | Part of 12,000+ network | N/A |
| Bolst | $676.1M | 1,485 | N/A | N/A |
| RE/MAX Around Atlanta Realty | $583.6M | 1,317 | Part of 140,000+ network | N/A |
| Engel & Völkers Atlanta | $487.0M | 891 | N/A | N/A |
| Keller Williams Georgia Communities | $296.4M | 1,207 | Part of 174,000-190,000 network | N/A |
Commission Information
Average commission rate: 5.71% - 6%
Listing agent: 2.91% - 3%
Buyer's agent: 2.71% - 3%
Georgia average: 5.62% - 5.84% (slightly higher than national average)
7. Washington-Arlington-Alexandria, DC-VA-MD-WV
Market Information
Median home price: $839,999 (+5% from start of year)
Average price per square foot: $505
Median days on market: 98 days
Market Status: Seller's market (MAI score of 36)
Top Brokerages by Volume
| Brokerage | Volume | Transaction Sides | Agents | Avg. Volume per Agent |
|---|---|---|---|---|
| Keller Williams Capital Properties | $2.0B | 3,467 | Part of 174,000-190,000 network | N/A |
| Long & Foster | N/A | N/A | 7,000-11,000 across Mid-Atlantic | N/A |
| Compass | N/A | N/A | Part of 29,000+ network | N/A |
| McEnearney Associates | N/A | N/A | 400+ | N/A |
Commission Information
Average commission rate: 4.82% - 5.53%
Listing agent: 2.53% (range: 2.00% - 3.00%)
Buyer's agent: 2.29% - 3.00%
DC average: Lower than national average of 5.57%
8. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Market Information
Median home price: $259,950 (+4% from start of year)
Average price per square foot: $223
Median days on market: 84 days
Market Status: Seller's market (MAI score of 41)
Top Brokerages by Volume
| Brokerage | Volume | Transaction Sides | Agents | Avg. Volume per Agent |
|---|---|---|---|---|
| Keller Williams Philly South | $1.3B | 3,461 | Part of 174,000-190,000 network | N/A |
| Keller Williams Philadelphia | $779.9M | 2,182 | 500+ | $1.6M |
| Elfant Wissahickon Realtors | $485.1M | 1,626 | N/A | N/A |
| Keller Williams Philadelphia - NE | $279.2M | 956 | Part of 174,000-190,000 network | N/A |
| HomeSmart Realty Advisors | $220.0M | 841 | Part of 25,000+ network | N/A |
| CENTURY 21 Advantage Gold | $213.9M | 1,032 | Part of 150,000+ network | N/A |
Commission Information
Average commission rate: 4.85% - 6%
Listing agent: 2.55% - 2.75%
Buyer's agent: 2.30% - 3.25%
Pennsylvania average: 5.35% - 5.53% (slightly below national average)
9. Miami-Fort Lauderdale-Pompano Beach, FL
Market Information
Median home price: $819,700 (-4% from start of year)
Average price per square foot: $600
Median days on market: 77 days
Market Status: Buyer's market (MAI score of 30)
Top Brokerages by Volume
| Brokerage | Volume | Transaction Sides | Agents | Avg. Volume per Agent |
|---|---|---|---|---|
| The Real Brokerage, Inc. | $21.2B | 48,905 | 12,207-25,000 nationwide | $1.7M-$0.8M |
| The Keyes Company/Illustrated Properties | $6.6B | 10,708 | N/A | N/A |
| ONE Sotheby's International Realty | $5.3B | 5,712 | Part of 25,000+ network | N/A |
| Keller Williams Eagle Realty | $668.2M | 1,017 | Part of 174,000-190,000 network | N/A |
| Keller Williams Realty Premier Properties | $608.4M | 1,027 | Part of 174,000-190,000 network | N/A |
| RE/MAX Advance Realty | $512.5M | 771 | Part of 140,000+ network | N/A |
Commission Information
Average commission rate: 5.05% - 6%
Standard split: 50/50 between seller's and buyer's agents
Average commission on Miami home sale: $32,159
Florida average: 5.37% (slightly below national average)
10. Phoenix-Mesa-Chandler, AZ
Market Information
Median home price: $529,900 (-6% from start of year)
Average price per square foot: $333
Median days on market: 70 days
Market Status: Seller's market (MAI score of 38)
Top Brokerages by Volume
| Brokerage | Volume | Transaction Sides | Agents | Avg. Volume per Agent |
|---|---|---|---|---|
| West USA Realty, Inc. | $4.5B | 19,785 | 2,944-3,100 | $1.5M |
| North&Co. | $1.0B | 1,521 | N/A | N/A |
| Keller Williams Realty Sonoran Living | $773.0M | 1,443 | Part of 174,000-190,000 network | N/A |
| CENTURY 21 Arizona Foothills | $343.7M | 712 | Part of 150,000+ network | N/A |
Commission Information
Average commission rate: 5.31% - 6%
Arizona average: 5.40% (slightly higher than national average)
Typical split: Listing agent: ~2.65-3%, Buyer's agent: ~2.65-3%
Recent trends: Buyer agent commissions averaging around 1.87% per side in some cases
Comparative Analysis
Largest Brokerages by Volume
- Compass (New York) - $184.5B
- @Properties (Chicago) - $22.6B
- The Real Brokerage (Miami) - $21.2B
- United Real Estate (Dallas) - $16.9B
- Douglas Elliman (New York) - $34.4B
Average Commission Rates by Metro Area
| Metro Area | Commission Rate |
|---|---|
| New York | 5.39% - 5.7% |
| Los Angeles | 5.06% - 5.8% |
| Chicago | 4.98% - 6% |
| Dallas | 5.65% - 6% |
| Houston | 5.56% - 6% |
| Atlanta | 5.71% - 6% |
| Washington DC | 4.82% - 5.53% |
| Philadelphia | 4.85% - 6% |
| Miami | 5.05% - 6% |
| Phoenix | 5.31% - 6% |
Market Status
Seller's Markets
- New York
- Los Angeles (MAI: 45)
- Chicago (MAI: 36)
- Dallas (MAI: 40)
- Atlanta (MAI: 31)
- Washington DC (MAI: 36)
- Philadelphia (MAI: 41)
- Phoenix (MAI: 38)
Buyer's Markets
- Houston (MAI: 29)
- Miami (MAI: 30)
Largest National Brokerage Networks
- Keller Williams: 174,000-190,000 agents nationwide
- RE/MAX: 140,000+ agents worldwide
- CENTURY 21: 150,000+ agents worldwide
- Compass: 29,000+ agents nationwide
- The Real Brokerage: 12,207-25,000 agents nationwide
- Berkshire Hathaway HomeServices: 50,000+ agents globally
Methodology
This report was compiled using data from multiple sources, including:
- RealTrends verified brokerage rankings
- Company websites and public financial disclosures
- Industry reports and surveys
- Local market data from Altos Research
Transaction volume refers to the total dollar value of all real estate transactions handled by the brokerage. Transaction sides represent the number of transaction sides (buyer or seller representation) handled by the brokerage. Agent counts represent the total number of licensed real estate agents affiliated with each brokerage.
Commission information was gathered from industry surveys and represents typical ranges rather than exact figures for each brokerage. Market information was collected from the most recent available data as of March 2025.
Note: Some brokerages operate across multiple metropolitan areas but are listed under their primary location. Agent counts for national networks represent total agents across all locations, not just within the specified metropolitan area.