Definition
The price at which a property is officially offered for sale, shown on the MLS listing. List price equals asking price and represents the seller's initial price expectation.
Not sure where this fits?
Answer a few questions and we’ll open the path that fits, at the right step.
Find my pathAbout this term
List price is established by the seller and their agent based on market analysis, property condition, and strategic pricing decisions. In competitive markets, homes may sell significantly above list price, while in slower markets, prices may fall below the listed amount. The list price is often adjusted during the selling process if the property doesn't attract offers as expected.
Pro Tip
Monitor how long homes stay at their list price. Price reductions usually indicate overpricing.
Example
The three-bedroom home had a list price of $525,000 and was located in a hot market where similar homes were selling 5-10% above list price.