Houses in Arizona sell faster on average than in the rest of the country. From the day it’s listed until the day you close, the average time to sell a house in Arizona is 37 days. The national average is 99 days. But that average varies by community, and there are several other considerations that will affect your house. Check out what factors could affect the time it takes to sell a house in your neighborhood.
Average Time to Sell By Community
Location makes a big difference in how long you can expect your house to be on the market. Take a look at the average days on market for a few different communities:
Avondale: 22 days
Chandler: 23 days Gilbert: 22 days
Paradise Valley: 121 days
Phoenix: 32 days
Scottsdale: 53 days
Tempe: 28 days
Houses in some neighborhoods sell as quickly as a month while others might take more than eight months. Your location can help predict how long your house might stay on the market, but there are still other factors to consider.
Factors That Affect Time On The Market
From competition to timing, several factors can influence how long it will take your house to sell. Let’s take a look at a few of them.
Competition
How many other houses are for sale in your area? If there are a lot of homes for sale and it’s a buyer’s market, it might take a little more time to sell your home. In this type of market, there are more homes for sale than buyers looking, giving buyers a lot of inventory to choose from. We are currently in a seller’s market, where there are more buyers looking than homes available, so homes are selling more quickly.
Condition
A home that is clean and in good condition is going to sell faster. Buyers want to be able to imagine themselves living in your house. If it’s cluttered or in need or repair, they’ll be imagining cleaning and fixing it up, which is going to make it harder to sell.
Price
Your house should be priced for what it’s worth. Price it too high and buyers will look elsewhere, but price it too low and they’ll wonder what’s wrong with the house.
Season
Houses sell faster in certain seasons. According to the data, Arizona houses sell fastest in October. But even that will vary by region. In general, there are a lot of buyers in the spring, but also a lot of sellers. The summer season is similar, but families may be more motivated to buy before the school year starts. The market slows down in fall, meaning fewer buys but also less competition. Winter is the usually slowest real estate season, but also brings serious buyers.
How Can I Sell My House Faster?
In order to sell your house quickly, you need to know what buyers are looking for in your neighborhood.
An experienced real estate agent can assist you here, providing you with valuable information and helping you determine when to list, how to price your home, and how to make it appealing to buyers. Couple that with a clean and well-staged house, and you’ll have one of the most desirable homes in your area. Ready to sell? Connect with me today!