Want to know the average time to sell a New Jersey house in 2024? Knowing the average time to sell a house provides crucial insight for planning and setting realistic expectations.
In this blog post, New Jersey realtor Nancy Kowalik and the professionals at Your Home Sold Guaranteed Realty - Nancy Kowalik Group will discuss the average time it takes to sell a New Jersey in 2024.
Key Takeaways:
- The average sales process has a duration of 55 to 70 days. This timeframe encompasses the entire process, from listing the property to finalizing the closing date.
- In New Jersey, the second half of the year usually brings faster home sales, on average. July, August, and September are the best months to sell a home fast.
- In recent months, homes in New Jersey spent 32 days on the market, which is five days less compared to the same point last year.
What is the Average Time to Sell a New Jersey House in 2024?
The average sales process has a duration of 55 to 70 days. This timeframe encompasses the entire process, from listing the property to finalizing the closing date. A typical breakdown is usually around 30 days to find an offer, followed by about 30 more days to move from contract to closing.
In New Jersey, the second half of the year usually brings faster home sales, on average. July, August, and September are the best months to sell a home fast, with July and August having the highest sales prices out of the entire year.
- July: Homes spend 31 days on the market before receiving an offer and sell for an average of $500,200
- August: Homes spend 31 days on the market before receiving an offer and sell for an average of
- $513,600
- September: Homes spend 32 days on the market before receiving an offer and sell for an average of $493,000
In recent months, homes in New Jersey spent 32 days on the market, which is five days less compared to the same point last year. The median sales price was $536,200, which is 12.2% higher compared to the previous year.
5 Factors That Can Speed Up or Slow Down the Average Time to Sell a House in 2024
Ultimately, the amount of time it takes for a home to sell varies from seller to seller. The length of the selling process is influenced by multiple variables including:
- Location: Houses in popular towns and neighborhoods tend to sell faster than less desirable areas. Average sales can range from 30 days in hot areas to over 90 days in cooler markets.
- Pricing Strategy: Properly pricing your home to be at or slightly below market value helps drive faster sales. Overpricing, on the other hand, leads to listings getting stale on the market.
- Marketing Approach: The marketing strategy you use determines how much interest you generate and how many buyers you can find. Working with an agent who has an effective marketing plan can accelerate the sales process.
- Condition: Updated homes in move-in ready condition sell faster than properties in need of significant repairs or renovations.
- Seasonality: In New Jersey, listings that enter the market in late spring or summer tend to sell quicker compared to fall or winter months.
What’s the Best Way to Sell in 2024?
Knowing the average time it takes to sell a New Jersey house can be a helpful benchmark. However, working with a professional realtor is the best way to understand how long the process will take for you based on your unique circumstances.
Realtors with deep expertise in your specific New Jersey market can leverage current data and their experience to price your home accurately, develop a strategic marketing plan, and keep you informed every step of the way.
Sell Your New Jersey Home in 2024 with Nancy Kowalik
With the right plan and an expert by your side, you can ensure a fast and efficient sales process in 2024. At Your Home Sold Guaranteed Realty - Nancy Kowalik Group, Nancy Kowalik and our team of professionals can easily help you sell your home fast in the second half of 2024.
We’re ranked as the best realtor in South Jersey for a reason– on average, we sell homes 70% faster and for 10.29% more money than our competitors. Our team utilizes strong marketing strategies to sell your home as fast as possible and for top dollar.
If you’re ready to begin your home selling journey or want to learn more about working with us, give us a call at (856) 478-6562, send a message to [javascript protected email address], or fill out the form on this page. We look forward to hearing from you and helping you begin your real estate journey!
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