Asking price
What the seller is asking for the home. Same idea as list price. Buyers can offer above, at, or below it.
Your Room opens on showings and offers, with everything before the listing already ticked.
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See how it worksWhere this comes up: on the market
Part 1 of 4
Why a seller cares
The asking price is the number every buyer sees first and measures their offer against. It is a starting point, and the gap between it and what buyers offer is the market telling you something.
Part 2 of 4
A simple example
You ask $309,900 for the home. Two weeks in you have had three showings and one written offer, at $295,000.
| What comes back | What it tends to mean |
|---|---|
| Offers near the ask in the first week | The price is close to where the market sees it |
| Showings but no offers | Buyers like the photos and not the price |
| No showings at all | The price is outside the bracket buyers are searching in |
The asking price is a question. Showings and offers are the answer.
Part 3 of 4
What people get wrong
That the asking price is a floor. It is an invitation, and buyers can and do offer under it.
Part 4 of 4 · where to read next
Where it appears in the sale
What a definition is, and what it isn't
Keighbor is a software company, not a law firm, brokerage, or tax adviser. This is general information, not legal, tax, financial, or real estate advice about your sale. Your situation may differ. Before acting on a contract, disclosure, title, tax, or pricing question, ask an appropriately licensed professional in your state.
Written and researched by Keighbor Research · drawn from the reference glossary · how we research and check what we publish
In your Room, this word explains itself where it appears.
Your Room defines asking price in the step you meet it in, beside the document or the date it belongs to. Free to set up, with an agent or on your own.
Organize my saleFree to set up. Pay once when you list: $89 or $189. 7-day refund.