Market Price

What is market price? 

Market price is the price listed by the seller for an item or property, influenced by current supply and demand conditions.

Is the market price the same as the selling price? 

While market price and selling price are related, they are not the same. This is why you sometimes see items being sold ‘below’ or ‘above’ market price. 

For instance, someone may need to sell their home urgently due to personal circumstances. In this situation, they might be willing to accept a selling price below the actual market value of their home in order to secure a quick sale. 

What factors can affect the market price of a property? 

Several factors can influence the market price of a property. These include: 

• Location: properties in desirable areas with good amenities, schools, and transport links often command higher prices
• Property condition: well-maintained properties generally fetch higher prices than those in need of repair or renovation
• Property features: specific features such as size, layout, age, and unique selling points can affect a property's market price