How Long Does It Take to Sell Your Home in 2024? Understanding Real Estate Market Trends

Selling your home can feel like an overwhelming task, and one of the first questions you might have is, “How long will this process take?” It’s completely understandable—you want to know what to expect before jumping into the market.

While every real estate market is different, understanding real estate market trends in 2024 can give you a good idea of what to expect. However, for the most accurate and detailed information specific to your area, reaching out to a local real estate agent is crucial. They know the real estate market conditions in Brevard County real estate best and can provide insights on how your home compares to the market in your area.

Real Estate Market Trends in 2024: What’s Happening?

According to recent data from Realtor.com, there has been an increase in the number of homes for sale in 2024. While this is excellent news for buyers, it means homes may be staying on the market a bit longer compared to the past few years. As a result, understanding how these real estate market conditions affect your sale is key.

As of now, Nationally, homes are typically taking about 55 days from the time they are listed to the time they are sold. While this is slightly longer than last year, it’s still faster than the norm before the pandemic. From 2017 to 2019, it was typical for homes to take 60 days or more to sell. In October in Brevard County the median Days on market was 46 days. In 2019 the median days on the market was 51 days. 

While Brevard County real estate has seen a lot of movement, there are still more buyers than homes available. This means that homes that are priced correctly and presented well continue to sell quickly, even if they take longer than before.

Understanding Your Home Closing Timeline

When preparing to sell your home, it’s important to have a clear understanding of the home closing timeline. While the average time on market for homes in 2024 is about 55 days, the actual process can vary depending on the type of property, location, and the buyer’s situation. It’s essential to factor in staging, pricing, and marketing strategies in order to move your home off the market as quickly as possible. Once the property goes under contract you have another 30-45 days in escrow until the transaction actually closes. 

The Importance of Partnering with a Local Real Estate Agent

A great local real estate agent is your best asset when navigating today’s market. Not only will they help you determine the right price, but they will also offer strategic advice on staging your home to make it as attractive as possible to buyers. Additionally, they can create a marketing plan tailored to your property, ensuring that it stands out in the competitive Brevard County real estate market.

The right agent can also provide real-time information about real estate market conditions in your specific area, ensuring you price your home appropriately and avoid unnecessary delays.

Bottom Line

While homes may be staying on the market longer in 2024, the good news is that they’re still selling faster than they did before the pandemic. With the right agent and a strong strategy, your home can sell quickly, even in a competitive market. Let’s connect today so we can price, market, and sell your home with confidence.

FAQs

1. How long does it take to sell a home in Brevard County in 2024? In 2024, homes in Brevard County typically take about 46 days from listing to under ontract, which is slightly longer than the previous year but still faster than pre-pandemic years.

2. What factors affect how long it takes to sell a home? The time it takes to sell a home depends on various factors such as the condition of the property, its price, local real estate market conditions, and the demand for homes in your area.

3. How can a local real estate agent help sell my home faster? A local real estate agent can help by pricing your home correctly, staging it to appeal to buyers, creating a targeted marketing plan, and navigating the current real estate market conditions to ensure a quick sale.

4. Why are homes taking longer to sell in 2024? Homes are taking longer to sell due to an increase in the number of properties on the market. Buyers now have more choices, which can slow down the decision-making process.

Sources

• Realtor.com, Housing Market Trends 2024 Realtor.com Housing Trends

NerdWallet, 2024 Real Estate Insights NerdWallet