diff --git a/ophyd/signal.py b/ophyd/signal.py
index 755c4c08a..a06acbda5 100644
--- a/ophyd/signal.py
+++ b/ophyd/signal.py
@@ -79,6 +79,9 @@ class Signal(OphydObject):
         Control Layer.  Must provide 'get_pv' and 'thread_class'
     attr_name : str, optional
         The parent Device attribute name that corresponds to this Signal
+    settle_time : float, optional
+        The amount of time to wait after setting the signal to report status
+        completion.
 
     Attributes
     ----------
@@ -105,6 +108,7 @@ def __init__(
         metadata=None,
         cl=None,
         attr_name="",
+        settle_time=None,
     ):
 
         super().__init__(
@@ -127,6 +131,7 @@ def __init__(
         self._tolerance = tolerance
         # self.tolerance is a property
         self.rtolerance = rtolerance
+        self._settle_time = settle_time
 
         # Signal defaults to being connected, with full read/write access.
         # Subclasses are expected to clear these on init, if applicable.
@@ -183,6 +188,12 @@ def tolerance(self):
     def tolerance(self, tolerance):
         self._tolerance = tolerance
 
+    @property
+    def settle_time(self):
+        """The amount of time to wait after setting the signal to report status
+        completion."""
+        return self._settle_time
+
     def _repr_info(self):
         "Yields pairs of (key, value) to generate the Signal repr"
         yield from super()._repr_info()
@@ -326,6 +337,8 @@ def set(self, value, *, timeout=None, settle_time=None, **kwargs):
             kwargs,
         )
 
+        settle_time = settle_time if settle_time is not None else self.settle_time
+
         def set_thread():
             try:
                 self._set_and_wait(value, timeout, **kwargs)
diff --git a/ophyd/tests/test_signal.py b/ophyd/tests/test_signal.py
index f56e9d4cf..96dd6a58d 100644
--- a/ophyd/tests/test_signal.py
+++ b/ophyd/tests/test_signal.py
@@ -413,6 +413,18 @@ def test_set_method():
     assert sig.get() == 28
 
 
+def test_settle_time():
+    sig = Signal(name="sig", settle_time=0.5)
+    start = time.monotonic()
+    st = sig.set(34)
+    wait(st)
+    finish = time.monotonic()
+    assert finish - start > 0.5
+    assert st.done
+    assert st.success
+    assert sig.get() == 34
+
+
 def test_soft_derived():
     timestamp = 1.0
     value = "q"