If you are a Lincoln homeowner or landlord and considering selling your Lincoln 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 Lincoln property owners, I have compiled the latest data and statistics for 539 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) and bedrooms to give you a clear picture.
The overall average is 60 days but split by type we are seeing the following.
- Of the 130 Lincoln detached homes sold subject to contract in the last 3 months, the average time from coming onto the market to sale agreed was 63 days.
- Of the 178 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 47 days.
- Of the 153 Lincoln terraced or town houses sold subject to contract in the last 3 months, the average time from coming onto the market to sale agreed was 72 days.
- Finally of the 53 Lincoln flats or apartments sold subject to contract in the last 3 months, the average time from coming onto the market to sale agreed was 81 days.
Please 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 17 Lincoln one-bed homes sold in the last 3 months, the average time from coming onto the market to sale was 62 days.
- Of the 182 Lincoln two-bed homes sold in the last 3 months, the average time from coming onto the market to sale was 64 days.
- Of the 237 Lincoln three-bed homes sold in the last 3 months, the average time from coming onto the market to sale was 57 days.
- Of the 84 Lincoln four-bed homes sold in the last 3 months, the average time from coming onto the market to sale was 76 days.
- Of the 13 Lincoln five-bed (or more) homes sold in the last 3 months, the average time from coming onto the market to sale agreed was 68 days.
While the data provides an overview of the home buying and selling timeline in Lincoln, 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 Lincoln home.
Why do some Lincoln properties take longer to sell?
Selling a home in Lincoln 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 Lincoln home is imperative
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 52.32% of Lincoln homes that left estate agents’ books were sold and homeowners moved. The remaining 47.68% were withdrawn, unsold, from the market (so the homeowner didn’t move).
The solution? Work with a knowledgeable Lincoln agent who understands the local market. Research what similar homes in Lincoln 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 Lincoln 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 Lincoln estate agent isn’t delivering on their promises, don’t hesitate to follow them up and hold them accountable.
Here is a recent review of our service from a happy client, “I couldn’t recommend Ben at Walters highly enough. From start to finish, he was incredibly invested in securing the best possible outcome for the sale of my home. He went above and beyond with high-quality marketing that truly showcased the property—and it paid off. Thanks to his hard work, the house was listed and sold very quickly for significantly more than what other estate agents had valued it at”.
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 Lincoln property market, I ensure my clients receive a bespoke marketing strategy, especially tailored to their Lincoln home’s nuances. I also ensure complete transparency and ongoing regular updates to secure the best results.
So what is the best marketing for your Lincoln home
High-quality photographs and videos are essential in today’s digital-first world. Lincoln 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 Lincoln home’s appeal to more potential buyers.
Selling Your Home in Lincoln
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 Lincoln property market inside out, I offer tailored advice and a hands-on approach to help you every step of the way.
We hope this weeks blog has given you some food for thought. For more insights and information, visit the Lincoln Property Blog brought to you by Ben from Walters of Lincolnshire. Until next time, take care.
If you would like a chat about where you sit in the current market, do not hesitate to give me a call on 01522 512 513 or drop me a message on social media.
To ensure ALL our clients get the absolute best experience, and a total marketing strategy as unique as their homes, we only list twenty properties per month, our June & July market appraisal slots are now available to book, we ensure that you are always a name and not just a number, with Walters.
