How Long Does It Take To Sell a Townhouse in NYC?

How long it takes to sell a townhouse in NYC depends on whether the buyer is financing or all-cash.

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So, the answer to the question of “How Long Does It Take to Sell a Townhouse In New York City?” depends on whether the buyer is financing or if the buyer is paying all cash. On average, expect it to take approximately two months from the time you're in contract, you have a buyer lined up to when you close. Now, if the buyer is all cash, this timeline typically is consolidated and condensed into something closer to, let's say, around four or five-ish weeks. Now, it's not going to be immediate because there are several things that do need to happen between the time of the signed contract and the closing, even in the case of an all-cash buyer. However, it'll be much faster than with a finance purchaser as that typically takes anywhere from two to three months, but typically closer to two months, in the case of a townhouse.

So, if you are thinking of selling your townhouse, you've now understood and established “how long it will take to close?” from the time you're in contract but we didn't discuss as of yet the other side of that timeline, which is “how long it takes to go into contract?”. Well, the answer to this question really depends on your particular area, where your townhouse is located. If you'd like a specific guidance and market assessment on that, you can reach out to us at any time by sending us an email to teamhauseit.com. We can look up your particular area and give you the average timeline.

It's currently taking to go into contract on similar townhouses to your own, but in general if we're looking at New York City as a whole, the typical time on the market is roughly 120 days. Give or take in a hot market that might go down to somewhere around 90 to 100 in a slower market it could potentially go up to say 120 130-ish days. So, you know in general expected to take about four months to go into contract and two months to close. Thereafter, for a total of approximately six months that being said depending on where your townhouse is.

The market could be very different in terms of the timeline. For example, if your townhouse is in Fort Greene or any other area that is characterized by limited inventory, it could potentially take a matter of just a few weeks to find a buyer and to successfully go into contract.
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Save money when buying, selling and renting real estate in New York and Florida with Hauseit. Available in NYC, Long Island, the Hudson Valley and South Florida. Est 2014.

Hauseit Group LLC, Licensed Real Estate Corporation
Tel: (888) 494-8258 | https://www.hauseit.com
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