How long should a house be on the market to achieve the best price?

How long is too long on the market? Find out the optimal number of days to maximise your sale price.
How long should a house be on the market

If you want to sell your home quickly for the best price, our latest research reveals what the ideal timeframe is. Homes could lose thousands in value after weeks on the market according to analysis from our Best Estate Agent Finder.

11 days is the optimum length of time for a property to be listed on the market in order for it to achieve the maximum sale price.

Our research analysed data from 6,000 estate agent branches across the UK and it reveals a very clear pattern.

Homes that sell quickly get the highest asking price

Our data shows that homes sold in 10-11 days typically achieve the best price. Agents with an average selling time of 11 days achieve 100.4% of the asking price (raising an extra £1,000 on an average priced property).

But once a property sits on the market for longer, the price starts to slip. Homes that take over a month to sell achieve just 98% of asking price, and by 2–3 months this falls to 95.5% — wiping more than £12,000 off the value of an average home.

In short, how fast you sell can make – or cost – you thousands.

But not too quickly…

Selling too quickly can be just as costly as selling too slowly. Homes snapped up within seven days or less typically achieve just 94% of the asking price – leaving sellers almost £16,000 worse off on an average-priced home.

How long is too long?

But letting a property linger isn’t much better.

After 30 days on the market, sellers typically have to settle for less, accepting 98% of their asking price.

After 90 days (three months), the situation gets worse for sellers, typically accepting 95.5% of their asking price, and shaving thousands off what they take home.

With the average UK home now selling for around £270,000, those small percentage drops soon turn into big losses:

  • A home sold after one month typically loses £5,400
  • After three months, that loss rises to around £18,400

The “sweet spot when selling a home”

Commenting on the data, Paula Higgins, founder and Chief Executive of HomeOwners Alliance says,

Paula higgins

Right now every pound matters to homeowners. Our data shows there is a sweet spot when selling a home and that is around 11 days. Sell too fast and you leave money on the table. Let it drag on over a month and buyers start knocking thousands off the price.”

“This isn’t about rushing a sale, it’s about choosing the right agent. The agents who consistently sell in around 11 days are the ones achieving the best prices. When a home sits on the market for weeks, it is often a sign something needs to change. You can see how quickly homes like yours are sold by your local estate agents using our Best Estate Agent Finder. Our tool helps you find the best estate agent based on their track record and the data showing how good they are at selling homes.

Find an Estate Agent

Find the best estate agent. Instantly find and compare the performance of local estate agents near you.

Find and compare estate agents

Asking price achieved vs length of time on the market

How to sell quickly for the best price

1. Appoint a great estate agent

A good starting point is finding an agent from our Best Estate Agent Finder, which ranks your local agents by how successful they are at selling quickly and securing the asking price.

2. Get your price right

The average asking price for a UK home fell by -0.1% over the last year according to Rightmove’s September House Price Index report. This shows sellers are trying to get it right first time in light of a hesitant housing market. Find out how in our guide, What price should I sell my house for?

3. Instruct your conveyancing solicitor early

Choose your conveyancing solicitor early, as soon as you decide to list your home, and start pulling paperwork together now if you want to secure a quick sale. Flag up any potential issues now, rather than letting the vendor discover them. 

4. Get your house ready for sale

If there are any issues that might come up in a survey and delay the move, consider fixing them now. Energy efficiency improvements are going to be more of a selling point this year and getting an EPC early in the process will give you an advantage.

5. Choose the right buyer

Everyone wants to get the best price, but if you want to sell quickly as well, then opt for a chain-free buyer who isn’t relying on selling their home to buy yours. Read more about the different types of buyers.

If you want more information on selling your property our Step by Step Guide to Selling takes you through every stage of the process, from start to finish, to help you plan ahead.

Thinking of selling? Why not register for our free online webinar on 27th January?
Subscribe
Notify of
guest

0 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments

Related Articles

for the latest news, advice and money saving offers

Latest News

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookies are required for the website to function correctly.

Show details Hide details
Analytics Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping these cookies enabled helps us to improve our website.

Show details Hide details