It currently takes 162 days to sell a property – here’s where they’re selling the quickest

July 2, 2019

Data from the leading estate agent comparison site, GetAgent.co.uk, has highlighted where across England and Wales homes are selling the quickest in current market conditions.

GetAgent’s data looks at all estate agent property sales across each postcode and not only how long they take to sell as a whole, but how this differs between first listed to under offer, and under offer to completion.

On average across England and Wales, it’s currently taking 162 days for a property to sell from the moment its first listed until completion – 109 days to find a buyer and accept an offer, and just 53 days for the property to go from under offer to completed.

The quickest to sell

The quickest postcode to currently sell your home is the M23 postcode in Manchester at 116 days, taking 91 days to find and accept and offer and 25 days to complete on the sale.

In terms of the overall area, Nuneaton and Bedworth is home to the quickest home sales and present with an average selling time of 125 days.

Redditch, Coventry, Charnwood, Torfaen, Sedgemoor, Rugby, Mansfield, Harborough and Kingston upon Hull are also some of the quickest home selling locations at 134 days or less.

In London, Barking and Dagenham is the quickest borough when selling a property at 156, with Bexley, Hammersmith and Fulham and Havering joint second at 173 days.

The quickest to find a buyer 

When it comes to finding that initial buyer, the quickest postcode area is YO62 in North Yorkshire, taking just 54 days! However, with the completion of the sale dragging on for an average of 84 days, it takes 138 days in total to sell in the area.

Hyndburn, North East Lincolnshire, Pendle and South Tyneside are the quickest regions to find a home buyer at between 69 and 79 days.

Kensington is home to the quickest time when listing a property for sale to accepting an offer at just 95 days, closely followed by Hammersmith and Fulham at 99 days.

The quickest to complete

Looking at the final stages of a sale, you’re in the safest hands in BS3 in Bristol, where it takes just 16 days on average to get a sale over the line.

Redditch is the quickest area as a whole with an average time of just 24 days, along with Rugby and closely followed by Kettering.

Waltham Forest is the quickest London borough at an average of 37 days.

Founder and CEO of GetAgent.co.uk, Colby Short, commented: 

“Traditionally the back end of a sale is the most nail biting and can also be the most protracted as the legal requirements can drag on and on between a number of parties. However, with current market conditions plagued by uncertainty, it’s interesting to see that the time taking to sell is actually taking the longest at the buyer finding stage.

It’s no surprise that the quickest areas for the entire selling process are located outside of London and the South East as these regions have suffered less at the hands of Brexit uncertainty and a more business as usual attitude has seen the markets remain in good health.

What’s interesting about this research is the huge differences between agents when it comes to finding a buyer and completing on a sale. Many agents will use selling time as a marketing tool, but this goes to show that while some may find a buyer quickly, it doesn’t mean they will complete your sale with the same speed.

Our advice is to always dig down and find out exactly what they mean by ‘selling’ as finding a buyer and accepting an offer is vital when selling, but it does not mean that agent has sold a house.”

Average Overall Selling Time in Days
Top 10 quickest postcodes for an overall sale
Outcode
Region
To accept an offer
From offer to completion
Total
M23
Manchester
91
25
116
ST13
Staffordshire
86
32
118
CA3
Carlisle
84
35
118
SY3
Shropshire
90
31
120
DN18
North Lincolnshire
84
37
121
M6
Salford
103
18
121
NE26
North Tyneside
90
31
122
WS8
Walsall
92
30
122
ST5
Staffordshire
91
31
122
B98
Redditch
101
21
122
Top 10 quickest areas for an overall sale
Area
Time to sell
Nuneaton & Bedworth
125
Redditch
128
Coventry
130
Charnwood
131
Torfaen
131
Sedgemoor
132
Rugby
132
Mansfield
133
Harborough
133
Kingston upon Hull
134
Top 10 quickest London boroughs for an overall sale
Borough
Time to sell
Barking and Dagenham
156
Bexley
173
Hammersmith and Fulham
173
Havering
173
Newham
175
Redbridge
175
Greenwich
176
Lewisham
176
Waltham Forest
178
Sutton
182
Average time from listing to finding a buyer in days
Top 10 quickest postcodes to find a buyer
Outcode
Region
To accept an offer
YO62
North Yorkshire
54
BB6
Hyndburn
65
DN35
North East Lincolnshire
68
DN37
North East Lincolnshire
70
SW10
Kensington and Chelsea
72
LA4
Lancaster
72
NE33
South Tyneside
73
BB5
Hyndburn
74
DN36
North East Lincolnshire
75
NE34
South Tyneside
75
Top 10 quickest areas to find a buyer
Area
To accept an offer
Hyndburn
69
North East Lincolnshire
75
Pendle
78
South Tyneside
79
Blackpool
81
Burnley
84
Stockton-on-Tees
84
Barrow-in-Furness
85
Bingley
85
Lancaster
86
Top 10 quickest London boroughs to find a buyer
Borough
Time to sell
Kensington and Chelsea
95
Hammersmith and Fulham
99
Richmond upon Thames
103
Barking and Dagenham
112
Westminster
112
Ealing
115
Wandsworth
118
Lambeth
118
Camden
120
Hounslow
121
Average time from accepting an offer to completion in days
Top 10 quickest postcodes to complete a sale
Outcode
Region
To accept an offer
BS3
Bristol
16
BS5
Bristol
17
M6
Salford
18
M32
Trafford
19
LS7
Leeds
20
S7
Sheffield
21
BS7
Bristol
21
B98
Redditch
21
M27
Salford
22
BS4
Bristol
22
Top 10 quickest areas to complete a sale
Area
To accept an offer
Redditch
24
Rugby
24
Kettering
25
Coventry
27
Newport
28
Bristol
28
Nuneaton & Bedworth
29
North Warwickshire
29
Northampton
30
Charnwood
31
Top 10 quickest London boroughs to complete a sale
Borough
Time to sell
Waltham Forest
37
Bexley
39
Barking and Dagenham
44
Greenwich
46
Sutton
47
Havering
49
Lewisham
49
Newham
50
Redbridge
52
Croydon
53

 

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