Selling a house in Groningen

Development of the Asking Price per Sqm in Groningen

Below you can see how the average asking price per square meter in Groningen has changed over the last 12 months.

Average square meter price in Groningen per housing size

n this overview you can see the average price per sqm per size of the housing in Groningen. Generally, the average square meter price for a small house is higher than for a large house.

Square meter price per neighborhood in Groningen

View below the price per m2 per neighborhood in Groningen.

Get a (free) calculated valuation

Currently, selling a property in Groningen yields an average of 3,806 euro per square meter. The selling price of your home in Groningen depends on several factors, such as:

1. The location and surroundings — what's nearby, like supermarkets, schools, etc.
2. The area (number of square meters) — how large is your house
3. The type of house, architectural style, and layout — number of floors, garden, balcony, etc.
4. The state of maintenance — does it need renovation or is it move-in ready
5. The amenities of the house — is there a parking space
6. Market conditions — how high are the mortgage rates
7. Demographic factors — is the city's population growing

Get a free valuation instantly:

The housing market in Groningen

Currently there are 706 properties for sale in Groningen. When you compare this to the past 12 months, that is :countQualification. It takes real estate agents an average of 33 to sell a house in Groningen.

The sales speed in Groningen

Below you can see how long it takes before houses in Groningen are sold.

Guide to selling a house in Groningen

Here are the steps you need to follow when selling your house:

Choosing Realtors (2 weeks)

1. Create a list of 4 or 5 realtors you're considering for selling your house (3 hours).
2. Call each realtor one-by-one during office hours to schedule a home visit (45 minutes).
3. Show your home to all the invited realtors (1 week).
4. Decide which realtor will sell your house (2 days).
5. Sign the service agreement with the chosen realtor (1 day).

Preparing for Sale (1 week)

6. Determine the asking price with the realtor.
7. Have the photographer visit your home.
8. Fill in the questionnaire from the realtor about your property's condition.

Selling (2 weeks to 4 months)

9. Property listing goes live on Funda and other housing websites.
10. Potential buyers register for viewings.
11. Viewings take place.
12. Buyers can make offers.
13. Sign the conditional sale agreement.
14. Await any suspensive conditions.
15. Sale agreement becomes final.
16. Transfer ownership via a notary.

Want more tips? Read our article about selling your house.

Get a better deal with your agent with Krib

With Krib, you can choose a realtor who is best suited to sell your house in just two days. Here's how:

Choosing Realtors (48 hours instead of 3 weeks)

1. Register your house on Krib (previously Mijn Verkoopmakelaar).
2. Receive several personalized offers within 48 hours.
3. Compare rates and services.
4. Choose the best realtor.

Quickly compare multiple local realtors and save up to 40% on realtor fees with Krib. Learn more about how Krib works.

The cost of selling a house in Groningen

The average realtor cost when selling a property in Groningen is 1.35% of the final sale price. This fee typically consists of an initial fixed amount for startup costs and a variable part, known as the commission.

Tips to sell your house in Groningen

We asked JIP Makelaars from Groningen how to sell your house as best as possible in the city of Groningen. This way, you can sell your house quickly and for a high price. JIP Makelaars is a large real estate agency with multiple branches in the Netherlands. Below are the results of the conversation.

Say Groningen? Then you say students, bicycles, and partying until the late hours. Groningen is compact and brimming with energy. In Groningen, the average age is 36.4 years, making it the city with the youngest resident in the Netherlands. The diverse residents of the city; students, city dwellers, and expats bring a lot of liveliness. It is no wonder that people from the busy Randstad seek the serenity of Groningen. The city is orderly and full of shops and restaurants. Residents of Groningen prefer a less rushed and performance-oriented life than those in the Randstad. The students create an atmosphere and many events in the city. People from the Randstad looking for a bit more tranquility gladly move to Groningen. The city is comparable to other large cities, but just a little different. Houses in the city are relatively cheaper compared to other large cities. Neighborhoods popular among home seekers are areas like Helpman and De Wijert. The neighborhoods around the center and the universities are very popular among young home seekers! 

But how do you, as a homeowner with a house to sell, best respond to the current market? The most obvious tips are known to everyone, hire a real estate agent, make sure your house looks tip-top and so on, but there are also a number of tips specifically important for home sales in Groningen.

Students in Groningen

The group that loves to live in Groningen are the students. Students like to live close to their educational institution, such as the Hanze University of Applied Sciences Groningen. Students often live in apartments. Groningen has a nightlife that continues into the late hours. Ideal for a fun student time. Living in the center of Groningen remains the most popular, just like in every other city. The neighborhoods Paddepoel and Vinkhuizen are very popular with this group.

Tip from the real estate agent

Defects in the house during a viewing immediately create a bad image of a property. So make sure all small defects are fixed. A tip is to let a person who doesn't visit regularly walk through your home. This person looks at the property with a fresh perspective. This way, they can precisely point out areas that need attention. 

Correct asking price

The demand for homes in Groningen is incredibly high. The scarcity indicator here is 0.8, which means that there is less than 1 home available per seeker. Therefore, it is important that you choose the right asking price. One that ensures a balance between sufficient interest and an optimal sales result (the best yield). Your real estate agent can help you determine the correct asking price.

Consider carefully which target group you want to reach

Groningen is a city that mainly attracts young people, think of students, doctors in training, and so on. This attracts investors looking for a property they can rent out. Do you have a house that is extremely suitable as an investment?  Be careful. From March 1, 2022, the self-occupancy obligation comes into effect in Groningen. This legislative change ensures that a house can no longer be sublet to third parties and that the buyer must live in the purchased property themselves. When determining the target group, take into account that the group of investors will decrease from March 1, 2022.

What to watch out for in Groningen

The province of Groningen has often been in the news due to earthquakes caused by gas extraction. So be careful with cracks in the house. Earthquake damage is a defect that scares many buyers. Therefore, make sure you are prepared for this. It is advisable to have the cracks inspected and apply for a subsidy from the government for the damage incurred. It is important that earthquake damage is indicated and investigated by your real estate agent. Damage is never attractive to a buyer. The city of Groningen is far from the gas extraction area. Sometimes some damage can still be found in homes. Do you have cracks in your house? Contact the Groningen Mining Damage Institute, have the cracks inspected, and apply for a subsidy for the damage suffered.

Photo above by: Piutus

Frequently asked questions

• How long does it take to sell a house in Groningen?

  Selling a house in Groningen takes an average of 18 days.

• What does it cost to sell a house in Groningen?

  Selling a house in Groningen costs an average of €4,259. The costs of selling a house consist entirely of realtor fees. The other costs are paid by the buyer.

• What is the average price per square meter in Groningen?

  The average selling price per square meter in Groningen is 3,806 euro. This corresponds to an average home price of €339,610 in Groningen.

• How many people in Groningen sold their home through Krib?

  Since its founding, 156 people in Groningen have used Krib to find their realtor. Across the Netherlands, 13,122 people have used Krib to find their realtor.

• How many realtors sell homes in Groningen?

  In Groningen, 107 realtors are active in selling homes.