So, you’re thinking of selling your house. Congratulations! Unsure when is the best time to sell a house in Indianapolis, Indiana?
There’s a lot to consider when selling a house without a real estate agent. Homeowners thinking of making a move have to look at the average market sale and listing price, house sales in summer and winter, and you have to decide when is the best month to sell your house in Indianapolis. Without the proper knowledge of market prices, closing costs, interest rates, and other details, selling a house in Indianapolis and navigating potential buyers can feel like a lot of guesswork.
Don’t worry. We’ve got you covered. Below, we’re giving you an insider look and all the things you need to know to sell your house in Indianapolis, Indiana. Read on to discover the best times of the year to sell your house – and the worst, to help you sell your house fast.
The Best Time of the Year to Sell Your House In Indianapolis
As mentioned above, there are a few steps to consider before diving into selling your house in Indianapolis. For more info on the other things to consider before selling your house, check out Time Worthy Property Solutions’ recent blog post on the 4 steps to sell your house.
The first step to selling your house fast is deciding when is the best time of the year to sell your house. Depending on your location, you may be going back and forth between putting your house on the market in summer or winter. Which season will yield you the best and fastest results in your home sale and get the best home value?
Let’s take a look at some of the average market home prices for Indianapolis home sales in both summer and winter.
Selling Your House in Indianapolis in the Summer
Are you considering a summer home sale? Homeowners often immediately think that selling your house in the summer will bring you a quicker, easier sale. There are several reasons that this is true.
- More enticing exterior photos
- More family home buyers looking.
- Less average time on the market
- Higher average selling percentage
When you start the process of selling your home in Indianapolis, you may be surprised to find how much seasonality affects the home buying market. Selling your house in Indianapolis in the summer has some significant advantages, including better sale prices and an average of lower time on the market.
Average Market Price for House Sales in Summer
The good news is that your instincts are right! The advantages to closing your house sale in summer translate directly to average sale prices. According to Indianapolis Housing Market Trends, sales in late spring to early summer will yield the highest above-average sale price.
Average house sale prices in Indianapolis during summer months:
May – 3.14% above average
June – 5.7% above average
July – 2.29% above average
August – 1.18% below average
Selling Your House in Indianapolis in the Winter
Traditionally, winter is the slowest time for home sales. On average, selling your house in Indianapolis in the winter will yield a lower selling price. Houses sold during winter months also tend to stay on the market for longer, adding to your real estate and real estate agent costs. In fact, January is the worst month to sell your house in Indianapolis.
There are a number of reasons that selling your house in Indianapolis in the winter is the worst time of the year to sell your house. Here are a few reasons that home selling in winter may not be the best plan:
- Off-season shoppers are looking for a bargain.
- Worse exterior photos of your home
- Longer than average time on the market
- Lower than average selling percentage
Average Market Price for House Sales in Winter
While early summer months will bring in the highest price for your home sale, there are also advantages to selling in winter. First-time home sellers may be surprised to learn that October and December sale prices nearly match those of mid-summer.
Average house sale prices in Indianapolis during winter months:
November – 0.27% above average
December – 2.02% above average
January – 11.56% below average
February – 7.47% below average
The Worst Times of the Year to Sell Your House
Although the average sale prices all point to June as the best month to sell your house, some experts would disagree. In Indianapolis, where summers can get extremely humid and warm, some home buyers wait until the fall or early winter to begin their house-hunting journey.
Why don’t people buy houses when it’s cold? In terms of average sale prices, January is the worst month to sell your house in Indianapolis. If the length of time on the market is your main concern, avoid making February, March, or April your end-goal dates.
Best Month to Sell Your House in Indianapolis
Market research and comparable sales tell us that June is the best time to sell your home in Indianapolis. Homeowners should keep in mind that closing a house sale in June means starting the process of house selling months earlier.
While selling your house in Indianapolis in the winter may be a gamble, December has proven to offer home sellers quick sales during a time that first-time homebuyers are hoping to get into their new home before the new year.
On average, it can take between three and six months to show, sell, and close your home sale. This means that if you are going the traditional home selling route and sell your home in the early summer, you’ll need to have your home on the market as early as March.
No matter when you decide to sell your house in Indianapolis, it’s essential to do your research if you choose to sell without an agent. Even without the extra costs and hassles, it’s a good idea to have a professional on your side.
Worst Month to Sell Your House in Indianapolis
Late summer between August and September is when many families take vacations, accounting for a slowdown in the home buying market. Home sellers should also know that January is the worst month for both home sales price averages and the longest time spent on the market.
Why is January the worst month to sell your house in Indianapolis? Like many other mammals, we love to hibernate! The coldest months of the year are also the worst time to sell or buy houses. Start your home selling process early in the year, and aim to sell your house as the weather gets warmer.
The worst thing that homeowners can do when planning to sell their property is neglecting the details often overlooked when realtors are not part of the equation. Time Worthy Property Solutions can help alleviate the stress of selling your family home on your own.
Final Thoughts
There’s a lot to consider when deciding on the best times of the year to sell your house and the worst times of the year to sell your house. While January and the early, colder months of the year tend to be the worst time to sell your home, early summer and early fall can also yield an above-average sales price for your house. Surprisingly, December is also a great time to close the sale of your house in Indianapolis.
At the end of the day, selling your home indy without a real estate agent is a huge undertaking. Finding the right homebuyers, navigating paperwork, and home selling can be a headache. Time Worthy Property Solutions can lend a hand in the complicated home selling process by allowing you to sell your home from the comfort of your couch.
Luckily for you, it’s currently a seller’s market! Learn more about our cash offer home sales process for a stress-free solution to selling your home via cash buyers in Indianapolis, Indiana, at the asking price or higher.
For more information on Time Worthy Property Solutions home selling options or to get a cash offer today, contact us here.