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House Prices in DL16

The average house price in DL16 (Ferryhill) is £131,631 using HM Land Registry data.

The average property price increased by £28,405 (15.45%) over the last 5 years and increased by £5,679 (2.51%) over the last 12 months.

Over the last year, there were 261 residential property sales – a decrease of 121 transactions (-46.36%) relative to the previous year. The majority of house sales (60) were in the £60,000 - £96,000 range. Then came properties in the £96,000 - £132,000 range, where 50 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 £-4,042 (-3%).

In June 2024, there were 51 new estate agency instructions, 37 agreed home sales and 22 property price reductions.

5-Year Average Property Prices in DL16 (Ferryhill)

15.45%

Property prices in Ferryhill increased by 15.45% 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 DL16 (Ferryhill) Over the Last Year

2.51%

Property prices in Ferryhill increased by 2.51% 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.

Property Market Heat Gauge for DL16 (Ferryhill) - 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 DL16 (Ferryhill)

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 DL16 (Ferryhill)

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 DL16 (Ferryhill)

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 DL16 (Ferryhill) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the DL16 postcode area since 1995.

Recent Sales in DL16 (Ferryhill)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
24 Troutbeck Close, Spennymoor, County Durham, DL16 6XN	£109,950	£107,000	-£2,950	06 Nov 2023	17 May 2024	193 Days
35 Tudhoe Moor, Spennymoor, County Durham, DL16 6EY	£95,000	£90,000	-£5,000	21 Feb 2024	10 May 2024	79 Days
24 Blair Avenue, Spennymoor, County Durham, DL16 6NY	£178,950	£175,000	-£3,950	28 Sep 2023	01 May 2024	216 Days
10 Lumley Close, Spennymoor, County Durham, DL16 6LS	£147,500	£145,000	-£2,500	18 Oct 2023	26 Apr 2024	191 Days
94 High Street, Byers Green, Spennymoor, County Durham, DL16 7NP	£95,000	£65,000	-£30,000	20 Aug 2021	26 Apr 2024	980 Days
33 North Street, Spennymoor, County Durham, DL16 6AW	£79,950	£68,750	-£11,200	04 Dec 2023	28 Mar 2024	115 Days
4 Warwick Close, Spennymoor, County Durham, DL16 6UU	£129,950	£120,000	-£9,950	15 Sep 2023	28 Mar 2024	195 Days
11 Front Street, Tudhoe Colliery, Spennymoor, County Durham, DL16 6TG	£86,000	£82,000	-£4,000	03 Jan 2024	22 Mar 2024	79 Days
82 Heath Road, Spennymoor, County Durham, DL16 7DS	£80,000	£80,000	£00	03 Nov 2023	22 Feb 2024	111 Days
8 Ridgeside, Kirk Merrington, Spennymoor, County Durham, DL16 7HG	£375,000	£367,000	-£8,000	11 Sep 2023	12 Feb 2024	154 Days
19 Wear View, Byers Green, Spennymoor, County Durham, DL16 7PP	£82,950	£82,950	£00	07 Nov 2023	09 Feb 2024	94 Days
1 Richardson Place, Kirk Merrington, Spennymoor, County Durham, DL16 7JQ	£130,000	£130,000	£00	04 Sep 2023	09 Feb 2024	158 Days
61 Parkside, Spennymoor, County Durham, DL16 6SA	£175,000	£173,000	-£2,000	13 Nov 2023	07 Feb 2024	86 Days
18 Mayfields, Spennymoor, County Durham, DL16 6RN	£129,950	£127,000	-£2,950	13 Sep 2023	26 Jan 2024	135 Days
84 Upper Church Street, Spennymoor, County Durham, DL16 6HS	£65,000	£64,000	-£1,000	23 Nov 2023	26 Jan 2024	64 Days
108 Parkside, Spennymoor, County Durham, DL16 6RX	£150,000	£150,000	£00	17 Jul 2023	26 Jan 2024	193 Days
76 Upper Church Street, Spennymoor, County Durham, DL16 6HS	£55,000	£50,500	-£4,500	11 Aug 2023	22 Jan 2024	164 Days
21 Half Moon Lane, Spennymoor, County Durham, DL16 6HG	£64,950	£59,500	-£5,450	04 Jul 2023	05 Jan 2024	185 Days
32 Langmere, Spennymoor, County Durham, DL16 6UN	£130,000	£128,000	-£2,000	11 Sep 2023	21 Dec 2023	101 Days
7 Eden Road, Spennymoor, County Durham, DL16 7UE	£67,950	£65,000	-£2,950	23 Aug 2023	18 Dec 2023	117 Days

Most Expensive Streets in DL16 (Ferryhill)

Postcode	Street	Area	Average	No. of Sales
DL16 6NN	Eve Lane, Spennymoor	Ferryhill	£397,555	9
DL16 6FH	Seven Hills Court, Spennymoor	Ferryhill	£374,000	5
DL16 7HG	Ridgeside, Kirk Merrington	Ferryhill	£319,666	3
DL16 6PA	Hay Lane, Spennymoor	Ferryhill	£310,373	4
DL16 7HH	North Close, Kirk Merrington	Ferryhill	£305,241	6
DL16 7UN	Holindale, Spennymoor	Ferryhill	£282,316	3
DL16 7LJ	Westmoor Close, Spennymoor	Ferryhill	£280,075	6
DL16 6LL	Tudhoe Lane, Spennymoor	Ferryhill	£271,983	3
DL16 6JY	St Charles Road, Spennymoor	Ferryhill	£271,676	8
DL16 7YE	Primrose Close, Spennymoor	Ferryhill	£263,733	6

Least Expensive Streets in DL16 (Ferryhill)

Postcode	Street	Area	Average	No. of Sales
DL16 7SZ	Craddock Street, Spennymoor	Ferryhill	£43,993	8
DL16 7TA	Craddock Street, Spennymoor	Ferryhill	£44,059	5
DL16 7TD	Craddock Street, Spennymoor	Ferryhill	£44,350	4
DL16 7TP	Stratton Street, Spennymoor	Ferryhill	£44,678	7
DL16 7TB	Craddock Street, Spennymoor	Ferryhill	£45,071	7
DL16 6QJ	King Street, Spennymoor	Ferryhill	£45,930	3
DL16 6HP	Pearson Street, Spennymoor	Ferryhill	£46,874	8
DL16 7TU	South Street, Spennymoor	Ferryhill	£49,089	5
DL16 7TW	Stratton Street, Spennymoor	Ferryhill	£49,999	4
DL16 6DX	South Terrace, Spennymoor	Ferryhill	£50,190	5