Homeowners looking to sell will agree that price isn’t their only important concern.
The time it takes to complete a sale is also essential.
At the time of writing, the average time Aberdeen is an incredible 481 days.
Read on to learn why this is and what alternatives there are.
How is the property market in Aberdeen?
The Aberdeen property market has experienced many challenges over the years.
But there’s a silver lining for potential buyers.
The current average price of property in the city is £185,705, around £100,000 lower than the UK national average.
This means Aberdeen offers a more affordable option compared to other cities.
In fact, it is one of the cheapest in the UK.
Average time on the market by property type
- Detached Property: 227 days on the market.
- Semi-detached Property: 223 days on the market.
- Terraced property: 301 days on the market.
- Flat: 638 days on the market.
Selling most types of property within a year is possible.
But flats are notoriously tricky to sell in Aberdeen.
The average selling time for flats has the most impact on the overall selling time.
Of course, location is a significant factor.
Notable postcodes for selling fast
According to recent reports, property AB45 is the most in-demand in Aberdeen.
Here, it takes an average of 79 days to sell a property.
The areas AB39 (81 days) and AB42 (88 days) are not far off.
But, if your property is in the AB10 postcode, you’ll face the most extended wait, at 142 days.
Similarly, the AB55 (136 days) and AB51 (127 days) postcodes don’t fare much better.
Is it a good time to buy a house in Aberdeen?
If you’re considering buying in Aberdeen, you’re in a unique position. Property prices here are lower than most other areas of the UK.
However, for those planning on buying low and selling high soon, Aberdeen is not ideal. Especially with recent prices dropping rather than increasing.
Additionally, most investors are unwilling to wait longer to sell a property.
But, properties taking longer to sell benefit buyers. They have the luxury of time.
Buyers can inspect and evaluate multiple properties before making a decision.
This is a significant advantage for buyers, who don’t have to worry about losing out to someone else. While not ideal for sellers, this situation provides a sense of security for buyers.
If you’re planning to live in Aberdeen long-term, then now is a great time to buy property there.
At the time of writing, the average price of property in Aberdeen by type of property is:
- Detached – £327,078
- Semi-detached – £222,895
- Terraced – £166,286
- Flats – £115,937
What is the Aberdeen property market forecast for 2025?
A drop in prices is likely
Well, there are many different opinions out there.
However, the current consensus is that house prices will likely drop by around 2% across the UK.
Aberdeen may face a more significant percentage drop due to the recession. This could lead to an increase in the average time it takes to sell a property.
This all depends on whether or not the demand for property in Aberdeen increases.
One thing is for sure: if you’re looking to sell a house fast this year, you may struggle. The market in Aberdeen is definitely in favour of buyers.
What time of year is best to sell a house in Scotland?
According to Rightmove, the best time of the year to sell is from March or the Spring to Summer months. In Scotland, this would be no different, understandably so.
During the winter, it can be hard to entice buyers to come out in the bad weather to look at your property. With reduced daylight hours, it’s a miracle if they can see anything that will help sell your property!
Selling in Aberdeen
The important thing is to remain calm and patient.
Your property will likely sell – eventually. But when and where your buyer will materialise is challenging.
This reassurance gives sellers hope about the future sale of their property.
You may need to explore options such as a cash house buyer like us at We Buy Any Home.
One thing is for sure: we appreciate the types of properties available in Aberdeen.
If you’re looking to sell and don’t want to wait any longer, get in touch, and we’ll give you a free cash offer.
