How Long Does a Property Spend on the Market in Margate?

How Long Does A Property Spend On The Market In Margate?

28/01/2025 62

When browsing property portals (Rightmove, Zoopla or On The Market), many people wonder why some Margate homes linger on the market far longer than others. It’s easy to assume there’s something wrong - an issue with the property, an inflated asking price, or a lack of interest - but that’s not always the case. Sometimes, it’s simply down to poor marketing, unrealistic expectations, or even a change in the seller's circumstances.

If you’re on the other side of the fence, currently selling a home in Margate, you’ve likely asked yourself: “Why is this taking so long?” Whether your property seems to be lingering on the market or you’re struggling to find that dream home, delays are often a natural byproduct of the property market’s ebbs and flows.

But how long is too long to wait before something changes?

Let’s face it, when your home stays unsold longer than expected, frustration sets in. Is it the market? Is the price too high? Or is there simply less demand for your type of property? If your home sits at the premium end of the market, delays are par for the course. Higher value properties have fewer buyers, meaning patience is a virtue - but even so, the right strategy can make all the difference.

One of the biggest culprits for a slow sale is overpricing. Even if you’re happy to accept a lower offer, an unrealistic asking price can stop potential buyers from even booking a viewing.

First impressions matter, and buyers compare everything they see online before deciding which properties are worth their time. The bottom line? If your price doesn’t align with the market, you’re already at a disadvantage.

The Latest Market Trends in Margate

The following data highlights how long properties in Margate have been on the market today compared to January 2024, offering insight into recent trends. This isn’t about how long it takes to sell a home but rather the current duration properties have been listed. These figures can help identify shifts in market activity and buyer demand over time.

Detached homes in Margate - Average time on the market today is 126 days, compared to 123 days in Jan 2024.
Semi-Detached homes in Margate - Average time on the market today is 103 days, compared to 110 days in Jan 2024.
Terraced/Town Houses in Margate - Average time on the market today is 99 days, compared to 112 days in Jan 2024.
Flats/Apartments in Margate - Average time on the market today is 115 days, compared to 131 days in Jan 2024.

An Interesting Margate Property Market for Buyers

The overall number of homes available in Margate (town centre plus 3 miles) has increased over the past year, going from 1,148 in January 2024 to 1,259 in January 2025. However, it gets even more interesting when we split it down by property type …

Detached homes in Margate - 312 for sale in January 2025, compared to 288 - an 8.3% increase.
Semi-Detached homes in Margate - 325 for sale in January 2025, compared to 280 - a 16.1% increase.
Terraced/Town Houses in Margate - 166 for sale in January 2025, compared to 173 - a 4.0% decrease.
Flats/Apartments in Margate - 368 for sale in January 2025, compared to 343 - a 7.3% increase.
Others (Mobile Homes/Building Plots etc) in Margate - 88 for sale in January 2025, compared to 64 - a 37.5% increase.

The Importance of Presentation of Your Margate Home

Buyers today have no shortage of tools to help them browse properties on the portals meaning they can scroll through hundreds of options in a matter of minutes. The average buyer views just 4-5 homes before making a decision on which home to buy, spending barely 25 minutes in each. If your property doesn’t stand out from the crowd with top quality photos, well designed brochures, and engaging video tours, it risks being dismissed without a second thought.

It’s not just about having the right asking price - it’s about making sure your home looks and feels irresistible online. Buyers need to imagine themselves living there, and that starts with how your property is presented.

Final Thoughts

Whether you’re buying or selling, Margate’s property market continues to offer opportunities - provided you approach it with the right mindset. For sellers, the message is clear: price realistically, present professionally and ensure your home shines in a crowded market. For buyers, it’s about staying proactive, patient and ready to act when the right property comes along.