What does listing price mean in real estate?

This is the price at which you list your home when putting it up for sale.

It’s often not the amount you’ll receive as the buyer will attempt to negotiate a lower price. How close to the listing price you get depends on factors such as how long the home has been on sale (you’ll be more willing to offload at a lower price if it’s been on sale for a while), and what the average purchase price is in the area where you’re selling.

What should you set as your listing price? It’s best to seek the advice of an estate agent when determining the market value of your home. You can also look at the average selling price of other properties in your area.