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Real Estate vocabulary · Buying & Selling

Asking price

Meaning in real estate, with examples

/ˈæskɪŋ ˌpraɪs/nounCore term

In real estate, asking price means: The price a seller puts on a property when it goes on the market. Buyers may offer less or, when demand is strong, more.

In Turkish: istenen fiyat, ilan fiyatı, satış fiyatı

How it is used

Agents and buyers compare offers with the asking price: below asking, at asking or over asking. Sellers may reduce the asking price if the property does not sell. In the US the same figure is often called the list price.

Example sentences

  1. They accepted an offer 5% below the asking price.

  2. The asking price is a bit high for this street, so expect some negotiation.

Common collocations

  • below the asking price
  • over the asking price
  • reduce the asking price
  • set the asking price
  • offerThe price a buyer formally proposes to pay for a property, often with conditions such as a completion date or a successful inspection.
  • market valueThe price a property would most likely sell for on the open market, between a willing buyer and a willing seller who both know the relevant facts.
  • negotiateTo discuss the price and terms of a sale or lease with the other side in order to reach an agreement that both can accept.
  • listingA property that is offered for sale or rent through an agent or website, or the advertisement that describes it with photos, a price and details.
  • counterofferA new proposal made in reply to an offer, usually with a different price or conditions, which the other side can accept, reject or answer again.

More terms: Buying & Selling

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