If you’re a homeowner in Lincoln 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 403 Lincoln homes that have sold subject to contract 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 97 Lincoln detached homes sold (subject to contract) in the last 3 months, the average time from coming onto the market to sale agreed was 149 days (median time 130 days).
- Of the 121 Lincoln semi-detached homes sold (subject to contract) in the last 3 months, the average time from coming onto the market to sale agreed was 104 days (median time 70 days).
- Of the 127 Lincoln terraced/town houses sold (subject to contract) in the last 3 months, the average time from coming onto the market to sale agreed was 112 days (median time 55 days).
- Of the 41 Lincoln flats/apartments sold (subject to contract) in the last 3 months, the average time from coming onto the market to sale agreed was 246 days (median time 178 days).
(N.B. 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, commercial, land and building plots etc. Lincoln being Lincoln city centre plus 3 miles).
These figures show the average number of days a property in Lincoln 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, 113 days from agreeing to sell to completing a Lincoln 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 Lincoln. Below, I explore these factors to help you maximise your chances of successfully selling your Lincoln home.
Why Does It Take Longer to Sell Some Lincoln Properties?
Selling a home in Lincoln involves more than simply placing it on the market and waiting for offers.
A variety of challenges can affect how quickly your Lincoln property sells. Here are the most common reasons homes might linger on the market longer than expected.
- Setting the Right Asking Price For Your Lincoln 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 51.11% of Lincoln homes listed for sale successfully sold, resulting in a move. The remaining 48.89% were withdrawn from the market without a sale.
The solution? Work with a knowledgeable estate agent who understands the local Lincoln market. Research what similar homes in Lincoln have sold for and seek valuations from multiple agents to ensure your pricing is competitive.
- 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 Lincoln property market, I ensure my clients receive a tailored marketing strategy, especially for the city’s nuances, complete transparency and ongoing updates to secure the best results.
- Quality of Photographs
In today’s digital first world, high quality photographs are essential. Lincoln 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.
- Mortgage Challenges
Some properties in Lincoln 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 Lincoln home more marketable.
- 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 Lincoln estate agent will tailor your home to the prevailing market conditions,
Selling Your Home in Lincoln
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 Lincoln’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 Lincoln property market with confidence.
