If
you’re a homeowner in Northampton thinking of selling your property, you have
probably wondered how long it will take to find a buyer.
The
timeline for selling a home varies depending on factors such as property type,
price, and market conditions. Fortunately, we’ve compiled the latest statistics
for 1,127 Northampton homes that have sold stc in the last 3 months, split down
by type (detached houses, semi-detached homes, terraced houses, and flats) to
give you a clear picture.
· Of the 282 Northampton detached homes sold (stc) in the last 3 months, the average time from coming onto the market to sale agreed was 104 days (median time 67 days).
· Of the 368 Northampton semi-detached homes sold (stc) in the last 3 months, the average time from coming onto the market to sale agreed was 72 days (median time 39 days).
· Of the 285 Northampton terraced/town houses sold (stc) in the last 3 months, the average time from coming onto the market to sale agreed was 69 days (median time 35 days).
·
Of the 111 Northampton flats/apartments
sold (stc) in the last 3 months, the average time from coming onto the market
to sale agreed was 109 days (median time 53 days).
NB—some of
you will notice all the numbers don’t add up to the total number in the second
paragraph. This is because there are certain types of property that fall
outside the four main types, including mobile homes, land, building plots etc.
(Northampton being Northampton town
centre plus 5 miles).
These
figures show the average number of days a property in Northampton takes to go
under offer. However, selling a home doesn't stop there. The entire process—from
listing your property to completing the sale—can stretch over many months due
to legal procedures and other factors.
It currently takes, on average, 118 days from agreeing to sell to
completing a Northampton property
(interesting
when compared to the national average of 119 days)
While
the statistics provide an overview of the home buying and selling timeline,
it's essential to delve deeper into why homes may sell faster or slower in Northampton.
Below, I explore these factors to help you maximise your chances of successfully
selling your Northampton home.
Why Does It Take Longer to Sell
Some Northampton Properties?
Selling
a home in Northampton involves more than simply placing it on the market and
waiting for offers.
A
variety of challenges can affect how quickly your Northampton property sells.
Here are the most common reasons homes might linger on the market longer than
expected.
1. Setting the Right Asking
Price for Your Northampton Home
The
biggest factor in selling a home is pricing it correctly. Overpricing will
deter buyers, as your home may not appear in their search results, appear out
of kilter with similar properties for sale, or may not align with their
expectations.
Remember, over the past 24
months, only 53.03% of Northampton homes listed for sale successfully sold,
resulting in a move. The remaining 46.97% were withdrawn from the market
without a sale.
The
solution? Work with a knowledgeable estate agent who understands the local Northampton
market. Research what similar homes in Northampton have sold for and seek
valuations from multiple agents to ensure your pricing is competitive.
2. Estate Agent Performance
The
choice of your estate agent plays a pivotal role in how fast your home sells
(and even if it sells at all). Some agents excel at marketing properties and
maintaining active communication with potential buyers on their mailing lists,
while others may fall short. If your agent isn't delivering on their promises,
don't hesitate to follow up and hold them accountable.
As
an estate agent specialising in the Northampton property market, I ensure my
clients receive a tailored marketing strategy, especially for the town's
nuances, complete transparency and ongoing updates to secure the best results.
3. Quality of Photographs
In
today’s digital first world, high quality photographs are essential. Northampton
buyers scrolling through Rightmove, Zoopla and On-The-Market listings form
their first impressions based on photographs. Poor or outdated photography can
leave a property overlooked, especially seasonal photos (i.e., Christmas
decorations or snow on the ground in summer) as they reveal how long the
home has been on the market.
Consider
revisiting your property’s photos with your agent regularly. Fresh,
professional images can transform your home’s appeal and attract more potential
buyers.
4. Mortgage Challenges
Some
properties in Northampton might be more complex for buyers to secure mortgages
on. For example, apartments with short leases, unique construction materials,
or flats above shops can raise concerns for lenders. These challenges can limit
the pool of potential buyers. If your property falls into one of these
categories, work with your agent to address these issues. Solutions such as
extending your lease or highlighting property strengths can make your Northampton
home more marketable.
5. Timing of Sale
The
time of year can influence how quickly properties sell. Spring and summer
typically see heightened buyer activity, while autumn and winter may present
slower markets. External factors like economic uncertainty or mortgage rates
can also impact buyer behaviour.
If
timing isn't ideal, a strategic marketing approach can still generate interest
and results. A skilled Northampton estate agent will tailor your home to the
prevailing market conditions, ensuring it reaches the right audience.
Selling Your Home in Northampton
I
recognise selling your home is more than just a transaction—it’s a journey that
requires expertise, preparation, and persistence. As an estate agent deeply
invested in Northampton’s property market, I pride myself on providing
personalised advice and support to every client.
Whether
you’re selling a detached home, a charming terrace, or a modern flat, I’m here
to guide you through the process.
If
you're considering selling your home, let's discuss how we can achieve the best
outcome for you. Send me a message or call today—I'd be delighted to help you
navigate the Northampton property market with confidence.
