There is no fixed timeframe for selling a property privately. How quickly your property sells will depend on factors such as its location, asking price, type, condition and presentation, as well as buyer demand, competing properties, and current market conditions.
Selling privately does not automatically mean your property will take longer to sell. Buyers searching major property websites can still find your property alongside agent-listed properties, and you can communicate and negotiate directly with interested buyers.
Rather than relying on a national average, a more useful way to estimate your likely selling timeframe is to look at what is happening in your specific local market:
- Check recent comparable sales: Look at similar properties that have recently sold in your suburb and, where available, their days on market. Compare properties of a similar type, size, condition, and price range.
- Look at local days on market: Property websites and market reports may provide average or median selling times for your suburb. These can provide a useful benchmark, although individual properties may sell much faster or slower.
- Monitor your listing activity: Pay attention to your property views, enquiries, and inspection activity, particularly during the first few weeks.
- Review the response from buyers: If your listing is attracting plenty of views but very few enquiries or inspections, it may indicate that the price, presentation, or marketing needs to be reviewed.
- Watch your competition: Keep an eye on similar properties entering the market, changing price, or selling. This can help you understand how buyers are responding to properties like yours.
Market conditions can change quickly, and selling times can vary considerably, even between neighbouring suburbs. If your property is not generating the level of enquiry you expected, it may be worth reviewing the asking price, photos, property description, and overall presentation rather than simply waiting longer.