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Do off-market homes sell for less?

On average, slightly. A 2026 study of about 10 million sales found fully private listings sold 0.87% to 1.26% below expected price, while homes marketed as "coming soon" before going public sold 1.16% to 1.55% above. Testing privately first and then deciding is what the data favors.

MLMichael LindellMichael Lindell, REALTOR® · eXp Realty, LLC · Founder of Chimpre
Updated

What the largest study found

Listing typeSale price vs. expected (2024 to 2025)
Fully private, never public0.87% to 1.26% below
Public MLS listing0.62% to 0.95% above
Coming soon, then public1.16% to 1.55% above

The study was published in September 2026 by ARELLO, the association of state real estate regulators, covering about 10 million sales.

What this means for you

Privacy has a price when it is the whole plan. It pays when it is the first step: a short private period to measure real interest, followed by a decision. If active buyers meet your price privately, you sell with no public history. If they do not, you go to the MLS with better information and no failed listing behind you.

How it works on Chimpre

Your agent introduces your home privately to agents whose active buyers are searching for a home like yours. You see the interest, then you and your agent decide whether to accept an offer or go public.

See who is looking for a home like yours

Chimpre introduces your home to agents whose active buyers are searching for a home like yours, in your area, at your price, with the space they need. Your agent shows you who is interested before anything goes public.

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Related questions

Can I test my price before listing my home on the MLS?What does "coming soon" mean in real estate?Can I sell privately first and list on the MLS later?

Sources

  1. HousingWire: ARELLO private listings study (Sept 2026)