How Long Does It Take to Sell a House? (Spring 2024)

How long does it take to sell a house? As of October 2023, homes spent an average of 50 days on the market. This is up from a low of 30 days on market set in May 2022 but down from a recent high of 74 days in Jan. 2023.

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 45.

From list to close, you’re looking at around 3 and a half months (just under two months to get an offer and a little less than a month and a half to close) 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 well below market value.

Running Out of Time to Sell Your Home?

Speed things up by selling for cash. HomeLight provides you an all-cash offer to buy your home, on your timeline. Receive an offer within a week and close in as little as 10 days.

Learn More


from HomeLight Blog https://www.homelight.com/blog/how-long-does-it-take-to-sell-a-house/

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