How Long Does It Take to Sell a House? (2024)
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- 15 min read
- Adrian E. Hirsch, Contributing AuthorCloseAdrian E. Hirsch Contributing Author
Adrian E. Hirsch is a South Louisiana interviewer, writer, editor, blogger and scriptwriter. She’s covered the region’s unique lifestyle, landmarks, architecture, art, antiques, food, music, pets and healthcare issues for the Los Angeles Times Syndicate, New Orleans, Memphis and Gambit magazines among others. Having bought, sold and built homes, she’s survived the whims of the market, contractors, kids, rescued cats and dogs—not to mention hurricanes, erosion and termite invasion. Her real estate reporting aims to help families find the right home and maximize the potential of that major investment.
- Jedda Fernandez, Associate Refresh EditorCloseJedda Fernandez Associate Refresh Editor
Jedda Fernandez is an associate refresh editor for HomeLight's Resource Centers with more than five years of editorial experience in the real estate industry.
How long does it take to sell a house? As of July 2024, homes spent an average of 50 days on the market. This is up from a low of 45 days on market set in July 2023 but down from a recent high of 69 days in January 2024.
Days on market is a metric that tracks when a house is listed and goes under contract with a buyer. The answer for a particular house depends on the house itself and local market conditions.
The timeline can get even longer when you factor in closing. Data from Ice Mortgage Technology shows that the average number of days it takes to close a purchase loan is 43.
From list to close, you’re looking at around three months to sell a house. This doesn’t account for any time spent preparing to put the house on the market.
Alternatively, you could sell your house for cash. This option enables you to receive an offer in a few days and reduces your closing timeline to as little as one to two weeks in exchange for accepting an offer below market value.
How is the market shift affecting days on market?
It can take an average of 25 to 65 days to sell a house in today’s single-family home market — and sometimes longer, depending on where you live.
Time on market has increased over the past two months (June–July 2024) with current rates hovering around 7%, leaving homeowners reluctant to sell and give up the ultra-low mortgage rates they acquired during the pandemic housing boom. This has created more competition for available homes, impacting the median number of days on market.
Historical data indicates that how fast homes sell is highly dependent on seasonality. The National Association of Realtors® (NAR) reports a median of 33 days on the market in June, compared to 49 days between December and February.
Although the market has slowed compared to the white-hot conditions seen from mid-2020 through mid-2022, the latest reading (50 days) is still lower than historical data. In July 2012, the typical home spent 69 days on the market, and in July 2017, it was 59 days.
Remember, available days on market and time to close data represent averages taken from large groups of home sales. Some lenders may be able to close faster, in as little as 30 days.
Large lenders typically have a lot more internal red tape to deal with before they can fund a loan and write a check. On the other hand, smaller local lenders often have shorter closing times because they tend to be nimbler and more adept at navigating the quirks of their local market.
How long does it take to prep the home?
Pennie Carroll, a top real estate agent in Des Moines, Iowa, says the amount of time it takes to prepare a house for sale varies based on how much work and maintenance the homeowner has done in the past. Still, she estimates an average of about a month to get the house ready.
“The process usually starts with the agent coming to the house and providing guidance on what needs to be done — and, more importantly, what doesn’t need to be done,” she says.
“Sometimes sellers can waste time on things that aren’t necessary or won’t do anything to help speed up the sale.”
“I can have a house staged, photographed, and listed within 48 hours,” says Jamie McMartin, a HomeLight Elite Agent and top-selling real estate agent in the Houston metro area. “But typically, it’s a three- to five-day process.”
McMartin walks us through how she accelerates the selling timeline when appropriate:
Listing prep: Staging, photography, listing description, 3-D tours, and for-sale sign in the yard | 3–5 days, but in some cases as few as 48 hours |
Listing launches: Listing goes live, ideally on a Wednesday, with a day or two buffer to generate showing interest | 1 day |
Showings and open house: Showings are available starting Friday, with open houses on Saturday and Sunday | 3 days |
Offer review and counter offers: Ideally received by Sunday night and finalized by Monday at 5 p.m. | 2 days |
Inspection period: Inspector completes report and amendments negotiated | 5–7 days |
Appraisal period: The Appraiser visits the property and submits a detailed report to the lender | 8–10 days (after the buyer pays the lender an appraisal fee) |
Appraisal-related negotiations (if necessary) | 1–2 days |
How can I sell my house faster?
Whether you’re in a financial predicament or need to relocate for work, working with a cash buyer quickly is an excellent strategy if you need to sell your house fast.
If you request an offer from an iBuyer company or house-buying company without putting your house on the market, you can expect to receive an offer in as little as 24 hours and close in as few as one to three weeks.
Since cash buyers prefer to purchase properties as-is, sellers can also lop off any time they usually would have spent on listing preparations.
Cash also eliminates any lender involvement, cutting out the lender-ordered appraisal and creating a more straightforward path to settlement.
See how the main aspects of the timeline compare below:
Sell directly for cash | Listing process | |
Sale timeline | 7–30 days | 93 days (including 50 to accept an offer, 43 to close the loan |
Home preparations | 0 days | 30 days |
Time to get an offer | As few as 24 hours | 50 days |
Appraisal | 0 days | 8–10 days |
Interested in requesting a cash offer? Consider starting with HomeLight’s Simple Sale platform, which provides cash offers for homes in almost any condition nationwide. Sellers can receive an offer within 24 hours and close in as little as 10 days. No staging. No showings. No open houses.
One thing to remember is that the offer received from a direct buyer is likely to be less than market value, and sometimes significantly so. So, you have to weigh a faster sale against a potentially lower offer amount.
To create that buzz among buyers, we make sure the property is decluttered and staged correctly so that the listing photos draw in the offers and the right buyers.
Jamie McMartin Real Estate AgentCloseJamie McMartin Real Estate Agent at Compass Currently accepting new clients
- Years of Experience 17
- Transactions 2768
- Average Price Point $386k
- Single Family Homes 2656
What factors impact how long it takes to sell a house?
Several variables, including where you live, supply and demand, buyer preferences, seasonality, and property condition, can impact how long it takes to sell a house. Let’s take a closer look at some of the top factors below.
Location
Although national metrics provide a broad indication of how the housing market is performing and whether it’s in or out of balance, real estate varies at a local level depending on supply and demand, housing needs for the area, resident income, net population influx or outflow, and employment opportunities to name only a few factors.
Below, we’ve rounded up time to contract data from MLSs for five major metropolitan markets so you can get a sense of the variance.
Market | Median days on market (June 2024) | Median days on market (June 2023) |
Miami-Dade | 28 | 27 |
San Francisco | 18 | 15 |
Phoenix | 53 | 79 |
Minneapolis | 82 | 98 |
Boston | 17 | 16 |
Market trends
When you have a high supply of homes for sale and fewer buyers, houses generally take longer to sell as buyers can be more choosy and aren’t under pressure to make quick offers. The opposite is true when inventory is low, and there are more buyers than homes to select from.
The situation now is somewhere in the middle, where housing supply and buyer demand are suppressed. Looking at national averages, inventory remains historically low, although it’s beginning to ease. At the same time, buyer demand has rebounded from 12 months ago as home shoppers get off the sidelines.
As of June 2024, the inventory of unsold existing homes is calculated to take 4.1 months to sell, according to the NAR. For context, a healthy, balanced market typically has around 6 months of supply. When there’s less than 6 months of supply, it’s a seller’s market; when there’s more than 6 months of supply, it’s a buyer’s market.
Check your local Realtor board website for data on current supply levels, local home prices, and days on market trends to give you a more precise gauge of market temperature for your area.
Your real estate agent
Who you select as your real estate agent can play a big role in how fast your house sells. What you want to look at is the agent’s personal DOM. If an agent’s average DOM is lower than average, it’s a good sign that they price homes correctly to attract quick offers and come out of the gate with a strong marketing plan for their listings.
HomeLight’s agent platform tracks average DOM and how agents in your area stack up against their peers. Check your agent’s HomeLight profile to see their average days on market and how it compares.
Your home’s condition
“To create that buzz among buyers, we make sure the property is decluttered and staged correctly so that the listing photos draw in the offers and the right buyers,” McMartin says.
If your home is overdue for repairs or renovations, the lack of maintenance can encourage lowball offers or deter buyers looking for a move-in-ready residence.
If the inspection uncovers serious safety issues or problems with the home that could negatively impact its value, it could lead to price negotiations or delays.
Seasonal factors
Timing your property to debut on the market during peak seasons will likely get your home in front of the right buyers faster.
“When kids are in school, our market is usually ready to go roaring,” explains McMartin. Conversely, “When kids are on winter holiday breaks, we’re really pretty slow because the parents are trying to make sure they have fun and family time.”
This can vary significantly by region, however.
McMartin says the Houston-Galveston market also sees increased demand for homes with pools from January through September and an uptick in the search for vacation and Airbnb homes in Galveston from February through October.
“Since it takes 30 days to close on the property, people begin looking in January because they want to be able to move in and enjoy the properties,” she says.
“In warm months, those properties tend to sell quicker and for a lot more.”
What is the best month to sell a house?
Nationally, the best month to sell a house quickly is July, according to HomeLight’s Best Time to Sell Calculator. Homes listed in July typically sell six days sooner than in other months, on average
The best time to sell a house for the highest dollar amount is June, when homes sell for 2.75% more than the yearly average.
However, due to the seasonal factors discussed above, the best time to sell a house will differ from market to market.
City | Best month to list if you want to sell fast | Average time saved |
Chicago | June | Sell 8 days sooner |
Boston | June | Sell 14 days sooner |
Los Angeles | June | Sell 4 days sooner |
Tampa | June | Sell 5 days sooner |
Cincinnati | August | Sell 17 days sooner |
New York | September | Sell 11 days sooner |
Philadelphia | August | Sell 5 days sooner |
Atlanta | May | Sell 6 days sooner |
Las Vegas | May | Sell 6 days sooner |
Phoenix | October | Sell 3 days sooner |
Source: HomeLight’s Best Time to Sell Calculator
What can I do to sell my house more quickly?
While you might not be able to control things like the weather, a buyer’s financial situation, or the state of the market, there are some actions you can take to help accelerate the sale.
Take care of routine maintenance and simple repairs.
Here are some of the typical pre-listing preparations you can get started on right away:
- Reduce clutter: Consider using a junk removal service to eliminate unwanted items. Take cardboard and other recyclables out to your nearest recycling center. Drop off donations at local thrift stores. If you have a lot of items you’re not ready to part with, consider renting a storage unit so you can clear them out of your home for showings.
- Make minor, low-cost repairs: In the time leading up to listing, try to knock out as many easy, inexpensive repairs and improvements as possible. Replace mismatched cabinet pulls, touch up scuffed paint, or fix leaking faucets. If you have a long list, hire a handyperson to complete the work in one day.
- Crank up the curb appeal: Reduce the time it takes to sell a home by making a great first impression with potential buyers. Now’s the time to pressure wash your home’s exterior, mow, mulch, and clean up your landscaping. Consider adding some flowerpots to add pops of color to impress your open-house guests.
Find a top real estate agent.
Pennie Carroll says this is the most effective tool you can have in your selling arsenal: an agent who knows the local market and can help you sidestep the common obstacles that can slow down the process.
Check a prospective agent’s average DOM and compare it to local averages to gauge their track record for successful sales. You can contact a Realtor as early as three months before listing.
Resist the urge to do major renovations.
Remodeling Magazine reported that the average payback for 23 of the most common professional remodeling projects in 150 major U.S. markets was 75.3% in 2024. That means your renovations likely won’t translate into a dollar-for-dollar increase in home value.
Enlist any contractors early, if necessary.
Renovations cost not only money but also time. Talk to your real estate agent about what your home needs; however, keep the estimated length of your project in mind:
Kitchen remodel | 6–12 weeks |
Primary bathroom remodel | 3–10 weeks |
New roof | 1–9 days |
New siding | 4–7 days |
New flooring | 1–3 weeks |
Exterior house paint | 3–6 days |
Sources: RenoFi, ShakeGuys, John McCarter Construction, Groovy Hues
Labor shortages in the construction industry could also lead to project delays or extensions. A 2023 survey conducted by the Associated General Contractors of America found that 88% of construction firms are having trouble filling positions. While supply chain issues are less common now than they were from 2021–2023, prices of construction materials are on the rise.
If you’re planning for any work to be done to the house, line up any necessary contractors as soon as possible.
Make sure the baseboards are showing.
Buyers like open, spacious rooms that are easy to navigate. Carroll encourages sellers to declutter and edit rooms with too much furniture crammed into the space.
Consider a pre-listing inspection.
A pre-listing inspection provides the opportunity to identify any potential issues early on so you can get a head-start on any necessary fixes before the buyer’s inspection.
Since sellers pay the inspector for this pre-listing evaluation, consult with your agent to determine whether a pre-listing inspection is necessary.
Get the price right.
How you price your home will, in large part, determine whether your home flies off the market or sits without interest for months. Price your house too low, and you could undersell it to a great degree. If the price is too high, you may miss out on buyer interest while your listing is fresh, leading to a drawn-out sale and eventually a discounted offer.
Not sure what your home is worth? Start with a free price check from our Home Value Estimator tool. Then, follow up with the opinion of a top local agent.
To determine home value, your real estate agent will conduct a comparative market analysis (CMA) that analyzes local comparable sales or “comps.”
Comps are homes similar in size, amenities, structure, and age to yours that recently sold in your area. Real estate professionals and home appraisers use comps as a reference point for the subject home and then make dollar adjustments based on competitive differences. The analysis will take into account significant features that drive or reduce home value.
Be flexible with scheduling.
Carroll suggests accommodating any requests for open houses, showings, inspections, and appraisals if you want to sell fast.
Keep emotions at bay.
“It’s really easy to be very emotional about a property — especially if you’ve lived in the home a long time,” says McMartin. But, once you decide to sell, it’s important to view your home as a business asset to be leveraged rather than a family heirloom to be preserved or passed down.
“You want to stage, price, and get your house into the market at a time and in a condition that attracts buyers,” she says. “So, take your seller hat off and put your buyer hat on.”
FAQs about the time it takes to sell a house
Real estate experts estimate most homes are shown between 10 and 25 times before they sell. Because buyers are scanning the MLS for new listings in hopes of snapping up a great property in a market with limited inventory, your home may require fewer showings, or the viewings may take place over a weekend or only a few days.
If you need to sell faster than the average 93 days from list to close, an alternative is to request a cash offer. By using a platform such as Simple Sale, you can answer a few questions about your home and get an all-cash offer on your house within 24 hours. If you choose to accept the offer, sellers have the ability to close in as little as 10 days.
According to NAR, about 7% of homes are sold For Sale By Owner (FSBO) without the assistance of a real estate agent. Depending on the market, FSBO properties can sometimes sell faster than agent-listed homes, but this is often because the majority of FSBO sellers already know their buyers.
FSBOs also statistically sell less than agent-assisted sales. Last year, the median price of FSBO homes was $310,000 compared to $405,000 for agent-listed homes.
The decision to sell your home usually starts with where you go next. Maybe you’re upsizing to accommodate a growing family or multiple people working from home or retiring and moving to be closer to the grandkids. In other words, people will always be looking to move as their needs change.
Header Image Source: (Trinity Nguyen / Unsplash)
- "Instant Reaction: Mortgage Rates, May 16, 2024," NAR, Jessica Lautz (May 2024)
- "Navigating the Housing Market: A Seasonal Perspective", National Association of REALTORS® (April 2024)
- "Existing-Home Sales Slipped 5.4% in June; Median Sales Price Jumps to Record High of $426,900," NAR (July 2024)
- "Survey Shows 88% of Construction Firms are Having a Hard Time Filing Vacancies, Reveals Flaws in Nation's Approach to Preparing Workers for Construction Careers", Associated General Contractors of America (September 2023)
- "NAR: Median days on market shrinks to 69", Inman (September 2012)
- "A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up", The Ne York Times (April 2024)
- "Residential Building Material Price Increase to Start 2024," National Association of Home Builders, Jesse Wade (February 2024)