How to set the right asking price for your home

Your asking price is the figure your home is advertised at. The sale price is what a buyer actually pays. The gap between the two is where most selling mistakes happen, because the asking price is the one number you control and the one buyers judge you on first. Getting it right is less about ambition and more about evidence.

Why does the right asking price matter so much?

In May 2026 the average asking price reached £378,304, up 1.2% on the month, but the conditions underneath were cautious. Buyer demand was running around 10% below the same time last year, and the number of homes for sale was at its highest for this time of year since 2015. Almost a third of homes on the market had already had their price reduced. In a market with more listings and fewer buyers, an over-ambitious price does not get tested by the market; it simply gets ignored.

How to set your asking price, step by step

1. 1. Pull recent sold prices, not asking prices

   Look up what similar homes near you actually sold for using the HM Land Registry UK House Price Index and portal sold-price data. Sold prices are evidence; asking prices are only hopes.

2. 2. Adjust for the real differences

   Compare like with like, then adjust up or down for size, condition, an extension, off-street parking, or the floor a flat sits on. A home two doors down is only a guide if it matches yours.

3. 3. Get more than one valuation

   Invite two or three agents to value the home and put their figures side by side. The point is not to collect the highest number; it is to see where the genuine consensus sits.

4. 4. Interrogate the highest figure

   If one valuation is well above the others, ask that agent to show the comparable sold properties behind it. A price with no evidence is a pitch to win your instruction, not a forecast of what a buyer will pay.

5. 5. Set the price within the band buyers search

   Pick a figure slightly above your target sale price to leave room to negotiate, but keep it inside the price filter buyers actually use, such as under £400,000 rather than at £405,000.

6. 6. Watch the first two weeks

   The first fortnight brings your most motivated buyers. If viewings are thin and no offers come, act early with a considered adjustment rather than waiting for a forced cut months later.

What happens if you over-price?

An over-priced home does the opposite of what the seller hopes. It draws fewer viewings, lingers while newer listings look fresher beside it, and eventually forces a reduction. By then buyers have seen it sit, and a reduced price reads as a home with a problem rather than a bargain. A home priced correctly from day one usually sells faster and for more than one that chases the market down in stages.

How many valuations should you get?

Two or three is the practical answer. One figure on its own gives you nothing to test it against, and the temptation is to believe the highest. Seeing valuations together is what protects you, because an inflated number stands out instantly next to two grounded ones. ValuQ gives UK homeowners free, side-by-side property valuations from competing local estate agents, which is built on a simple belief: the best agent should win on the quality of their valuation and strategy, not on quoting the highest figure to win the listing and pushing a cut later.