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Zillow Research

Home Sellers and Private Listing Networks: Insights From a Recent Survey

There is a growing trend by some real estate brokerages to guide sellers toward listing their homes on private networks rather than on the Multiple Listing Service. That means those listings are visible only to buyers working with agents within those brokerages. The data in this post is from a January 2025 Zillow/Harris Poll survey of more than 2,000 U.S. consumers about their familiarity with private listing networks, implications on a listing and their preferences about where to list and search for homes.

Knowledge of the Multiple Listing Service

While older Americans are more likely to be familiar with the Multiple Listing Service (ages 55+ vs. ages 18-54), they are less likely to know exactly what the terms private listing network (ages 65+ vs. ages 18-44) or dual agency (ages 55+ vs. ages 18-44) are. 

Term Ages 18-34 who know exactly what this is Ages 35-44 who know exactly what this is Ages 45-54 who know exactly what this is Ages 55-64 who know exactly what this is Ages 65+ who know exactly what this is
Multiple Listing Service 23% 27% 32% 42% 49%
Private listing network 22% 23% 18% 17% 14%
Dual agency 19% 17% 13% 10% 11%

 

Private Listing Network Use

More than two thirds of Americans who have worked with a real estate agent (68%) say an agent has not explained to them the difference between listing on the MLS versus listing on a private listing network. However, 63% of those who have sold a home within the past five years say their agent recommended listing on a private listing network. That’s compared to 18% for those who sold more than five years ago.

Group Real estate agent recommended listing on a private listing network
All sellers who worked with a real estate agent 39%
Recent sellers (past five years) who worked with a real estate agent 63%
Prior sellers (more than five years ago) who worked with a real estate agent 18%

A significantly higher share of Hispanic (74%) and Black (73%) home sellers who used an agent to list a home say their agent recommended listing on a private listing network than did white home sellers (24%). 

At least part of that discrepancy is likely explained by Hispanic and Black home sellers being more likely than white home sellers to have sold in the past five years. Of Americans who had ever sold a home, about seven in 10 Hispanic (69%) and Black (72%) sellers had done so in the past five years, compared to 32% of white sellers who said the same. 

Group Real estate agent recommended listing on a private listing network
Hispanic home sellers who worked with a real estate agent 74%
Black (not Hispanic) home sellers who worked with a real estate agent 73%
White (not Hispanic) home sellers who worked with a real estate agent 24%

Overall, more than two in five home sellers who say their agent recommended listing on a private listing network (43%) say they initially did so, but ended up switching to the MLS. That is compared to 35% who listed on a private listing network and did not switch, and 20% who listed on the MLS to begin with. Additionally, white home sellers whose agent recommended listing on the PLN are more than twice as likely as their Hispanic counterparts to say they instead listed on the MLS (26% vs. 12%).

Among home sellers who say their agent recommended listing on a private listing network  All Hispanic Black (Not Hispanic)* White (Not Hispanic)
Listed on a private listing network but ended up switching to the Multiple Listing Service 43% 47% 44% 41%
Listed on a private listing network 35% 39% 38% 32%
Listed on the Multiple Listing Service 20% 12% 16% 26%

* low base size (n=91); results should be interpreted as qualitative and directional in nature

Attitudes Toward Private Listing Networks

More than four in five Americans (81%) say if they were selling a home it would be important to them that their home listing is viewable for free to the public on a consumer real estate website, such as Zillow and Redfin. White Americans are more likely than both Black and Hispanic Americans to share this sentiment (85% vs. 76% and 71%, respectively).

All Hispanic Black (Not Hispanic) White (Not Hispanic)
Very important that my home listing is viewable for free to the public on a consumer real estate website 38% 35% 37% 42%
Somewhat important that my home listing is viewable for free to the public on a consumer real estate website 42% 37% 39% 43%
NET: Very and somewhat important 81% 71% 76% 85%

 

When asked whether viewing all for-sale home listings should be free for home shoppers, 86% of Americans agreed it should. About four in five Americans (81%) believe a bidding war is more likely to occur on a for-sale listing if more shoppers can view it, while 73% agreed that limiting access to for-sale home listings only to certain subsets of shoppers could lead to discrimination.

Strongly agree Somewhat agree NET: Strongly and somewhat agree
Viewing all for-sale home listings should be free for home shoppers. 46% 40% 86%
A bidding war is more likely to occur on a for-sale listing if more shoppers can view it. 32% 50% 81%
All available for-sale home listings should be accessible to home shoppers. 31% 46% 77%
Limiting access to for-sale home listings only to certain subsets of shoppers could lead to discrimination. 24% 49% 73%

 

Preferences on How to List a Home for Sale

Americans are split on where they prefer their home to be listed. If they were selling a home they owned, 39% say they would prefer to have it listed on a consumer real estate website, such as Zillow or Redfin, 31% say they would prefer to have it listed on a private listing network and 31% had no preference. 

When presented with research from Bright MLS that found homes listed on the MLS sell for 17.5% more than homes that are not, 44% of those who said they would prefer their home is listed on a private listing network say they would change their mind. Older Americans (ages 45+) who preferred listing on a PLN were less likely than those ages 18-34 to change their preference. 

 

 

All Ages 18-34 Ages 35-44 Ages 45+
Initially preferred private listing network, but changed mind after seeing Bright MLS research 56% 74% 62% 44%
Continued to prefer private listing network after seeing Bright  MLS research 44% 26% 38% 56%

 

Agent Qualities

If they were selling a home, the top factor Americans say is among the most important when choosing an agent is the agent’s ability to get their home in front of the largest pool of interested buyers (52%). Forty-five percent say one of the most important factors is the promise of the highest sale price, and 37% say the promise of closing the sale quickly. Only 21% say one of the most important factors is access to an exclusive buyer network.

Agent quality
Ability to get the home in front of the largest pool of interested buyers 52%
Good references 52%
Ability to recommend an accurate sale price 49%
Promise of getting the highest sale price 45%
Number of homes they have sold in the area 42%
Promise of being able to close the sale quickly 37%
Access to an exclusive buyer network 21%
Other 2%

 

 

Methodology

This survey was conducted online within the United States by The Harris Poll on behalf of Zillow from January 2 to 6, 2025 among 2,087 U.S. adults ages 18 and older, 1,232 of whom previously sold a home. The sampling precision of Harris online polls is measured by using a Bayesian credible interval.  For this study, the sample data is accurate to within +/- 2.5 percentage points using a 95% confidence level. This credible interval will be wider among subsets of the surveyed population of interest. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact press@zillow.com. 

 

Home Sellers and Private Listing Networks: Insights From a Recent Survey