Leave a Message

Thank you for your message. We will be in touch with you shortly.

How Long Will It Take to Sell Your House?

Oriana Suarez November 15, 2024

Sellers

How Long Will It Take to Sell Your House?

As you’re getting ready to sell your house, one of the first questions you’re probably asking is, “how long is this going to take?” And that makes sense—you want to know what to expect.

While every market is different, understanding what’s happening nationally can give you a good baseline. But for an even more detailed look at real estate conditions in your area, connect with a local real estate agent. They know your local market best and can explain what’s happening near you and how it compares to national trends.

Here’s a look at some of the things a great agent will walk you through during that conversation.

More Homes Are on the Market, and That’s Affecting How Long They Take To Sell

According to Realtor.com, the number of homes for sale has been going up this year. That means there are more options for buyers, which is great news for anyone looking to buy a home. But as a seller, it also means homes are staying on the market a bit longer now that buyers have more options to choose from (see graph below):

a graph of blue barsOne of the big reasons homes sold so fast in recent years is because there were so few of them for sale. And now that there are more houses on the market, it makes sense that they aren’t selling at quite the same pace. Right now, according to Realtor.com, it takes 55 days from the time a house is listed for it to be officially sold and closed on.

But keep this in mind. While homes might not be selling as quickly as they did last year at this time, they’re still selling faster than they did in more normal years in the housing market, before the pandemic.

If you look back at 2017-2019 in the graph above, you’ll see that it was typical for a house to take 60 days or more to sell. So, today’s process is still faster than the norm.

That’s because, even with more homes for sale, there are still more buyers than homes for sale. So, homes that show well and are priced right are selling fast. As NerdWallet explains:

“Overall, though, demand still outpaces supply. This is hardly a mellow market: Good homes sell quickly . . .”

Your Agent Can Help Your Home Stand Out

If you’re looking for ways to make your move happen as quickly as possible, partnering with a great local agent is the key. Your real estate agent will help you with everything from setting the right price to staging your home so it looks its best. They’ll even create a marketing plan that grabs buyers’ attention and will give you key insights about what’s happening in your specific area, so you can plan accordingly and make the process go as smoothly as possible.

So, while homes might be on the market a little longer than before, they’re still selling faster than the norm. If you have the right agent and the right strategy in place, your house may even sell faster than you’d expect.

Bottom Line

If you're preparing to sell your home, understanding the timeline can help you plan your next move with confidence. With more homes on the market, houses may take slightly longer to sell than in recent years. However, the right agent and strategy can help your listing stand out and sell faster. Let’s connect so you’ll be able to price, market, and sell your home with confidence.

FREE consultation here!

(908) 445-5339 | [email protected]

 


Recent Blog Posts

Stay up to date on the latest real estate trends.

Sellers

Don’t Let These Two Concerns Hold You Back from Selling Your House

December 15, 2024

If you're hesitant to sell your house, you're not alone. Many homeowners are concerned about higher mortgage rates or finding the right home in today’s market. The goo… Read more

Buyers

Don’t Miss Out on the Growing Number of Down Payment Assistance Programs

December 1, 2024

With home prices and mortgage rates fluctuating, down payment assistance (DPA) programs are becoming increasingly crucial for buyers.

Tips

The Rise of Hispanic Homeownership: Challenges, Opportunities, and the Path to Wealth

November 29, 2024

Hispanic Americans are not only shaping the future of homeownership in the U.S., but they are also breaking ground in wealth creation through real estate

Sellers

How Long Will It Take to Sell Your House?

November 15, 2024

If you’re planning to sell your house, knowing how long it might take is a big part of planning your next steps.

Buyers

Why Have More People Decided To Sell Their Homes Recently?

November 1, 2024

This fall, buyers have more homes to choose from than usual thanks to an unexpected uptick in new listings. A drop in mortgage rates at the end of summer motivated mor… Read more

Tips

Level Up Your Home Staging Strategy: Expert Tips for Real Estate Agents

October 28, 2024

In this blog, we dive into effective home staging strategies for real estate agents looking to enhance their listings and grow their business.

Sellers

Should You Sell Now? Key Lifestyle Factors to Consider

October 15, 2024

Deciding whether to sell your home is about more than just financial factors—it’s about your lifestyle too. This blog highlights the top personal motivators, like movi… Read more

Buyers

The Down Payment Assistance You Didn’t Know About

October 1, 2024

Nearly 80% of first-time homebuyers qualify for down payment assistance, but only 13% actually utilize it. Don’t miss out! Learn about down payment options, grants, an… Read more

Tips

Make Your Online Listings Stand Out and Attract More Buyers

September 29, 2024

With nearly half of all homebuyers starting their search online, your listings need to stand out. Learn how to enhance your online presence with professional photos, v… Read more

LET’S CONNECT

We strive to become your go-to Real Estate Advisors. Book a free consultation today and let’s get started with a buying or selling plan for your home customized to your unique timeline.