Solve for X...

Arguably, X varies based on the property location, property type, price range and much more.

But regardless, the point remains the same, if some amount of time has passed (X) without an offer on your house, you should probably consider lowering the list price.

For sellers in a particularly active price range, that might be as little as 14 days.

For sellers in much of the market, that might be 30 days.

For sellers with a particularly unique property that might only appeal to a small portion of buyers, that might be 60 or 90 days.

The same logic also applies after a price reduction...

If another X days passes, without an offer, you might want to consider a price adjustment again.