The Dutch housing market is overheated. There are fewer houses for sale while prices are rising and the average selling time is shortening. As a result, buyers are willing to pay more and more. The average amount that was overbid in 2021 even increased by 277%!
Our database shows that 127,487 houses were sold in 2021. A decrease of 5% compared to the previous year (133,828) when the Netherlands was already struggling with a housing crisis. Luke Liplijn, CEO Matrixian Group, calls it a ‘worrying trend’, as it makes finding a suitable home even more difficult.
The decreasing number of sales may well be due to the increasing housing prices. The average sales price in 2021 was € 399,684. That is an increase of 16% compared to 2020 (€ 346,005) and 26% compared to 2019 (€ 315,997). This makes homeowners think twice before putting their house up for sale, as it is uncertain whether they will find a new suitable house afterwards…
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Besides the increasing shortages on the market, houses are also sold faster. This can be seen in the enormously shortened selling time, meaning the number of days that a house is for sale. In 2021, the average selling time only counted 41 days, a 30% decrease compared to 2020 (58 days) and 45% decrease compared 2019 (73 days).
The madness in the Dutch housing market translates into rising amounts that are being outbid. In 2021, this rose from an average of € 8,425 in January to an average of € 31,728 in November, an increase of 277%. For populair houses and areas, this amount even rose to half a ton. On average, the most overbids were in Haarlem (€ 49,919), Utrecht (€ 49,443) and Heemstede (€ 44,387).
Overbids per municipality
In the interactive map below you can see how much was outbid on average per municipality in 2021.
Please note: all figures refer to the period January to November. In addition, foreclosure sales and other outliers that cast doubt on the representativeness were not included in the analysis.
