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House Prices in DH4 House Prices in DH4 (Houghton Le Spring)

The average house price in DH4 (Houghton Le Spring) is £155,995 using HM Land Registry data.

The average property price increased by £36,706 (19.15%) over the last 5 years and increased by £7,338 (3.03%) over the last 12 months.

Over the last year, there were 244 residential property sales – a decrease of 92 transactions (-37.70%) relative to the previous year. The majority of house sales (86) were in the £70,000 - £116,000 range. Then came properties in the £116,000 - £162,000 range, where 48 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 50 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,653 (-3%).

In June 2024, there were 73 new estate agency instructions, 54 agreed home sales and 49 property price reductions.

Nearby Postcodes: DH1, DH2, DH3, DH5, DH6, DH7, DH99, DL16, DL17, NE37, NE38, NE9, SR1, SR2, SR3, SR4, SR5, SR7, SR8, TS28, TS29

5-Year Average Property Prices in DH4 (Houghton Le Spring)

19.15%

Property prices in Houghton Le Spring increased by 19.15% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in DH4 (Houghton Le Spring) Over the Last Year

3.03%

Property prices in Houghton Le Spring increased by 3.03% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for DH4 (Houghton Le Spring) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in DH4 (Houghton Le Spring)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in DH4 (Houghton Le Spring)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in DH4 (Houghton Le Spring)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the DH4 (Houghton Le Spring) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the DH4 postcode area since 1995.

Recent Sales in DH4 (Houghton Le Spring)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
20 Glamis Court, Woodstone Village, Houghton Le Spring, County Durham, DH4 6TR£85,000£83,375-£1,62520 Oct 202210 May 2024568 Days
11 Sleeman Close, Houghton Le Spring, Tyne And Wear, DH4 6RD£130,000£128,000-£2,00031 Jan 202430 Apr 202490 Days
10 The Meadows, West Rainton, Houghton Le Spring, County Durham, DH4 6NP£170,000£168,000-£2,00031 Oct 202326 Apr 2024178 Days
13 Southburn Close, Houghton Le Spring, Tyne And Wear, DH4 5DN£122,000£120,000-£2,00014 Nov 202319 Apr 2024157 Days
5 Harwood Drive, Houghton Le Spring, Tyne And Wear, DH4 5NY£79,995£79,000-£99502 Feb 202412 Apr 202470 Days
16 Weymouth Drive, Houghton Le Spring, Tyne And Wear, DH4 7TQ£260,000£250,000-£10,00008 Sep 202328 Mar 2024202 Days
213 Whitefield Crescent, Houghton Le Spring, Tyne And Wear, DH4 7QY£190,000£190,000£0019 Dec 202322 Mar 202494 Days
2 Newburn Crescent, Houghton Le Spring, Tyne And Wear, DH4 5HG£110,000£108,000-£2,00001 Dec 202322 Mar 2024112 Days
3 Woodland Terrace, Penshaw, Houghton Le Spring, Tyne And Wear, DH4 7JD£105,000£95,000-£10,00030 Oct 202308 Mar 2024130 Days
77 Brinkburn Crescent, Houghton Le Spring, Tyne And Wear, DH4 5HB£125,000£125,000£0013 Oct 202301 Mar 2024140 Days
45 Bourn Lea, Houghton Le Spring, Tyne And Wear, DH4 4PG£149,950£130,000-£19,95017 May 202328 Feb 2024287 Days
3 St Cuthberts Road, Houghton Le Spring, Tyne And Wear, DH4 4NA£139,950£123,000-£16,95003 Oct 202323 Feb 2024143 Days
7 Hillview Road, Houghton Le Spring, Tyne And Wear, DH4 4SH£175,000£170,000-£5,00014 Dec 202223 Feb 2024436 Days
3 Osman Terrace, Houghton Le Spring, Tyne And Wear, DH4 5NH£80,000£78,000-£2,00016 Dec 202321 Feb 202467 Days
3 Pit House Lane, Leamside, Houghton Le Spring, County Durham, DH4 6QR£150,000£135,000-£15,00015 May 202319 Feb 2024280 Days
21 Long Acre, Houghton Le Spring, Tyne And Wear, DH4 5PY£145,000£138,000-£7,00008 Jun 202309 Feb 2024246 Days
12 Greenmount, Houghton Le Spring, Tyne And Wear, DH4 5FB£250,000£250,000£0029 Sep 202302 Feb 2024126 Days
7 Woodhall Spa, Shiney Row, Houghton Le Spring, Tyne And Wear, DH4 4QL£310,000£300,000-£10,00005 Jul 202302 Feb 2024212 Days
Farnsworth House, Station Road, Penshaw, Houghton Le Spring, Tyne And Wear, DH4 7LB£450,000£425,280-£24,72019 Oct 202331 Jan 2024104 Days
139 Fair View, West Rainton, Houghton Le Spring, County Durham, DH4 6RY£115,000£115,000£0019 Jun 202329 Jan 2024224 Days

Most Expensive Streets in DH4 (Houghton Le Spring)

PostcodeStreetAreaAverageNo. of Sales
DH4 7SHSt Pauls DriveHoughton Le Spring£463,5205
DH4 4HHSunderland Road, NewbottleHoughton Le Spring£407,9166
DH4 7TUAspen Close, Shiney RowHoughton Le Spring£380,5004
DH4 7EROld PenshawHoughton Le Spring£368,3333
DH4 6DWMeadow Grange, New LambtonHoughton Le Spring£361,2504
DH4 6HHCastlefieldsHoughton Le Spring£349,7857
DH4 7TZWeymouth DriveHoughton Le Spring£346,87512
DH4 7SLAshdaleHoughton Le Spring£337,0506
DH4 6NUNorth Street, West RaintonHoughton Le Spring£335,6124
DH4 6PPChantry Place, West RaintonHoughton Le Spring£333,3333

Least Expensive Streets in DH4 (Houghton Le Spring)

PostcodeStreetAreaAverageNo. of Sales
DH4 5DSBernard StreetHoughton Le Spring£53,1005
DH4 4ETCharles StreetHoughton Le Spring£55,6663
DH4 7BBRailway Terrace North, New HerringtonHoughton Le Spring£56,0507
DH4 6JXEwe Hill TerraceHoughton Le Spring£56,4005
DH4 6ANSydney StreetHoughton Le Spring£57,4086
DH4 4DSLumley StreetHoughton Le Spring£57,5004
DH4 4EAGertrude StreetHoughton Le Spring£58,4217
DH4 6HWStation Avenue South, FencehousesHoughton Le Spring£61,5004
DH4 6HNStation Avenue South, FencehousesHoughton Le Spring£61,5905
DH4 7LHBarrack RowHoughton Le Spring£62,9205

Explore DH4 (Houghton Le Spring) using map

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