If you’re putting your home on the market, you (obviously) want it to sell quickly—and for as high a price as possible. While there are plenty of things you can do to sell your home quickly and profitably, one of the most effective? Hosting an open house.

According to recent article and data from Redfin, homes that host open houses spend, on average, seven fewer days on the market than houses that don’t host open houses, and they sell for a whopping $9,046 more. So by simply hosting an open house and letting potential buyers explore your home freely for a few hours, you can potentially sell your home about a week faster—and for almost $10k more in profit.

The Takeaway

If you’re selling your home, talk to your real estate agent and get an open house scheduled ASAP. “Holding an open house is an efficient way for sellers to get more eyes on a home, and a bigger pool of potential buyers can help lead to a higher ultimate sale price,” said Redfin chief economist Daryl Fairweather in the article.