Home Price Reduction Calculator

Start Making Offers Without Waiting to Sell Your Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. If your home has been sitting on the market without an offer and you’re considering reducing your asking price, you’re not alone. The current housing market is forcing many sellers to rethink their original list prices, with some estimates suggesting that as many as 42% of homes require a price cut to close a sale. Additionally, CNBC reported that in June, homes sold below asking price in 38 of the nation’s 50 biggest housing markets. But deciding how much to reduce it can be tricky. The right adjustment depends on your local market, comparable sales, competition, buyer feedback, and, of course, the condition of your home. The calculator above can help you quickly compare different price-reduction scenarios without doing a lot of mental math. It can also help you see whether a lower price could move your listing into a new online buyer search range. Why Isn’t Your Home Selling? Price may be part of the problem, but i...