How Long Does It Take to Sell a House? (Spring 2024)
How long does it take to sell a house? As of April 2024, homes spent an average of 47 days on the market. This is up from a low of 30 days on market set in April 2022 but down from a recent high of 72 days in January 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 42.
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.
