If you’re thinking about putting your property on the market, the first thing you’ll want to know is how much you can sell it for. It’s important to get this right, because you don’t want to sell it for too little and lose out, but at the same time setting an unrealistically high price could put potential buyers off.
So, how much should I sell my house for in 2025?
The housing market is constantly changing, so looking at the wider picture as well as your local property market is key. The market is gaining momentum in 2025, with more sellers and buyers entering. It’s predicted that there’ll be a 4% rise in house prices across this year, following on from last year’s 5.4% increase. This puts sellers in a strong position, and with mortgage rates stabilising, buyers are in a good position too.
House prices are rising, but unfortunately this doesn’t guarantee that you’ll get as much for your home as you’d like. Figures from Dataloft show that in England and Wales the average asking price for properties started at just over £350,000 and reached a high of around £370,000 across the last year. However, the average achieved sales price stuck rather firmly at approximately £275,000 throughout the entire year. So, whilst some homeowners will have achieved their asking price, many others will have had to accept a lower offer on their property.
The housing market is busy at the moment, with a lot more homes entering the market and boosting choice. This may keep house prices in check as buyers have a lot of options available to them at the moment.
Talk to your local estate agent to find out the asking prices versus the achieved sales prices for your specific area. This will give you a better idea of how much you might be able to sell your house for in 2025.
Considerations for setting an asking price
When selling your home, several key factors will help you to get the asking price right. Ultimately, it’s you who decides the asking price for your home, but here’s what you need to consider:
The space within your home
The square footage of your home will impact its price, but how the space is used is also key. One of the most important factors used to set an asking price is the number of bedrooms you have. The number of bathrooms and reception rooms, as well as other useful spaces (such as a utility room), will influence the asking price too.
The local area
Any local amenities will have a positive impact on your property price, as will proximity to transport links and good schools.
Wider market conditions
The property market fluctuates all the time, and interest rates are a big influence on how it performs, so they’ll always impact how much you’ll get for your property. However, the property market is very localised too, and specific areas can perform better than others. It’s always worth getting advice from a trusted estate agent to find out how your local property market is performing.
How quickly you need to sell your property
If you need to sell quickly, your asking price will need to be realistic, or even a little lower than competing properties.
The condition of your home
Remember, buyers are generally attracted to properties that are clean and well-maintained. A property that looks attractive, with fresh decor and modernisation, is more likely to attract buyers who are willing to pay the right price for your home. Kerb appeal is another factor, so consider the condition of your garden and the fences too!
How to set your asking price
Get an instant online valuation
This is a quick and easy way to get an estimate for how much your property is worth. It’s a great place to start to give you an idea of how much you could get for your home.
Research the local market
Look into the sold and asking prices of recently sold properties on the market that are similar to yours. Researching this will give you a strong indicator of what will work for you. However, the local market can fluctuate quickly, so also look at your current competition; which other properties are on the market that could compare to yours, and how much are they on for? Don’t forget to check the condition of these properties and their exact location since being close to transport or schools can make a difference.
Ask your trusted, local estate agent
Quality, local estate agents have the skills and experience to provide you with an accurate valuation of your home. They also understand what’s happening in the local property market, so they’ll give you the best advice about where to pitch your property. Invite local estate agents to view your home to give you a valuation for today’s property market; at Hunters, it’s free, and there’s no obligation to sell through them afterwards.
An estate agent should also be able to give you examples of similar properties they’ve sold in your neighbourhood as well as advice on how you can improve your chances of achieving a quick sale.
Is it worth spending money on a house before selling?
Investing more money in your home before putting it on the market can be worth it, but it depends on your specific situation, as well as the condition of your property.
If you need to sell quickly, you may have limited time to make any changes, so the choice may be taken out of your hands. Additionally, you may not have any budget for home improvements; if this is the case, simply focus on decluttering and cleaning as much as you can.
However, if you have more time and some budget to invest, then it could be worth adding value to your home so that it’s as attractive as possible to potential buyers. Big renovations may not be worth your investment as there’s no guarantee that you’ll make this money back. Budget what you can afford and use it to make your home appear as fresh, tidy and welcoming as possible.
What is the best month to sell a house?
There tend to be a couple of good windows within the year when it’s the best time to sell your house. Spring time, from February to June, is always very popular, as things tend to pick up quickly after the quieter winter months. Another good option is the early months of autumn (September and October), straight after the summer. July and August are quiet as many people are away on holiday, and mid-November through to the end of December tends to be slow because of Christmas. It’s still possible to have a successful sale within these quieter months, but it may just take a little longer.
If you’re thinking about selling your home in 2025, the best place to start is with a free property valuation. Book yours today and get the best advice about how to sell your home from your local estate agent at Hunters.
