If you are an SE16 homeowner or landlord and considering selling your SE16 property soon, you may have wondered how long it will take to find a buyer and sell.
The time it takes to sell a home varies depending on location, property type, price range, bedrooms, and market conditions. For interested SE16 property owners, I have compiled the latest data and statistics for the 182 SE16 homes that have sold stc in the last 3 months, split down by type (detached houses, semi-detached homes, terraced houses, and flats) and bedrooms to give you a clear picture.
The overall average is 73 days, split by type.
- Of the 8 SE16 detached homes sold (stc) in the last 3 months, the average time from coming onto the market to sale agreed was 55 days.
- Of the 9 SE16 semi-detached homes sold (stc) in the last 3 months, the average time from coming onto the market to sale agreed was 125 days.
- Of the 17 SE16 terraced/town houses sold (stc) in the last 3 months, the average time from coming onto the market to sale agreed was 60 days.
- Of the 138 SE16 flats/apartments sold (stc) in the last 3 months, the average time from coming onto the market to sale agreed was 79 days.
Note: The sales numbers don’t add up precisely to the total mentioned earlier. That’s because some properties fall outside the four main categories of detached, semi-detached, terraced and flat/apartments), such as mobile homes, commercial units, land, and building plots.
Now, I would like to split it down by bedrooms.
- Of the 49 SE16 one-bed homes sold (stc) in the last 3 months, the average time from coming onto the market to sale was 72 days.
- Of the 72 SE16 two-bed homes sold (stc) in the last 3 months, the average time from coming onto the market to sale was 76 days.
- Of the 36 SE16 three-bed homes sold (stc) in the last 3 months, the average time from coming onto the market to sale was 64 days.
- Of the 15 SE16 four-bed homes sold (stc) in the last 3 months, the average time from coming onto the market to sale was 139 days.
- Of the 3 SE16 five bed (or more) homes sold (stc) in the last 3 months, the average time from coming onto the market to sale agreed was 53.
While the data provides an overview of the home buying and selling timeline in SE16, it is essential to delve deeper into why homes may sell faster or slower. Below, I explore these factors to help you maximise your chances of successfully selling your SE16 home.
Why do some SE16 properties take longer to sell?
Selling a home in SE16 involves more than simply placing it on the market and waiting for offers. Pricing and marketing are the two main reasons properties take longer to sell (or do not sell at all).
Setting the right asking price for your SE16 home
The primary factor in selling your home is pricing it correctly. Overpricing will deter buyers as it will appear out of kilter with similar properties for sale.
Remember, only 35.54% of SE16 homes that left estate agents’ books were sold and the homeowner moved. The remaining 64.46% were withdrawn, unsold, from the market (so the homeowner didn’t move).
The solution? Work with a knowledgeable SE16 agent who understands the local market. Research what similar homes in SE16 have sold for and seek valuations from multiple agents to ensure your pricing is competitive.
Your choice of estate agent is essential in how fast your SE16 home will sell (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 SE16 estate agent isn’t delivering on their promises, don’t hesitate to follow them up and hold them accountable.
If you’re planning to try your luck with a slightly higher asking price, that’s understandable. But if you’re not getting serious interest within the first couple of weeks, that’s the time to adjust—sooner rather than later. Why? Because the numbers are clear. Research by Denton House using TwentyEA data shows that if your home sells within the first 25 days of hitting the market, there’s a 94% chance that the sale will go on to complete (i.e., you move home). Wait over 100 days to agree on a sale, and the chance of the sale completing drops to just 56%. In other words, there’s nearly a one-in-two chance the sale will fall through. Timing and pricing matter more than ever.
As an estate agent specialising in the SE16 property market, I ensure my clients receive a bespoke marketing strategy, especially tailored to their SE16 home’s nuances. I also ensure complete transparency and ongoing regular updates to secure the best results.
The best marketing for your SE16 home
High-quality photographs and videos are essential in today’s digital-first world. SE16 buyers scrolling through Rightmove, On-The-Market, and Zoopla listings form their first impressions based on your home’s photographs. Poor or outdated photography can leave a property overlooked, especially seasonal photos (e.g., you shouldn’t have Christmas decorations or snow on the ground in the summer) as they reveal how long the home has been on the market.
Consider revisiting your property’s photos with your agent regularly as the seasons pass. Fresh, new professional images can transform your SE16 home’s appeal to more potential buyers.
Selling Your Home in SE16
I understand that selling your home isn’t just a box-ticking exercise. It’s a significant step requiring proper guidance, careful planning, and consistent support. As someone who knows the SE16 property market inside out, I offer tailored advice and a hands-on approach to help you every step of the way.
Whether you’re looking for a spacious detached house, a cosy terrace, or a sleek flat, I’m here to help you make the process smooth and successful. If you’re thinking of moving, get in touch. I’d love to chat about how we can secure the right result for you.
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