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House Prices in LN8 House Prices in LN8 (Market Rasen)

The average house price in LN8 (Market Rasen) is £240,625 using HM Land Registry data.

The average property price increased by £31,773 (30.48%) over the last 5 years and increased by £6,350 (4.46%) over the last 12 months.

Over the last year, there were 169 residential property sales – a decrease of 123 transactions (-72.78%) relative to the previous year. The majority of house sales (49) were in the £130,000 - £190,000 range. Then came properties in the £190,000 - £250,000 range, where 32 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 86 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,339 (-3%).

In May 2025, there were 75 new estate agency instructions, 41 agreed home sales and 52 property price reductions.

Nearby Postcodes: DN10, DN16, DN17, DN20, DN21, DN22, DN31, DN32, DN33, DN34, DN35, DN36, DN37, DN38, DN39, DN41, DN9, LN1, LN10, LN11, LN12, LN13, LN2, LN3, LN4, LN5, LN6, LN7, LN9, NG22, NG23, PE22, PE23, PE24

5-Year Average Property Prices in LN8 (Market Rasen)

30.48%

Property prices in LN8 (Market Rasen) increased by 30.48% 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 LN8 (Market Rasen) Over the Last Year

4.46%

Property prices in LN8 (Market Rasen) increased by 4.46% 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 LN8 (Market Rasen) - May 2025

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 LN8 (Market Rasen)

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 LN8 (Market Rasen)

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 LN8 (Market Rasen)

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 LN8 (Market Rasen) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LN8 postcode area since 1995.

Recent Sales in LN8 (Market Rasen)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
8 York Road, Brookenby, Market Rasen, Lincolnshire, LN8 6EX£350,000£340,000-£10,00022 Aug 202421 Feb 2025183 Days
37 The Furlongs, Market Rasen, Lincolnshire, LN8 3DF£180,000£180,000£009 Aug 202406 Feb 2025181 Days
11 Park View, Legsby, Market Rasen, Lincolnshire, LN8 3QP£180,000£172,500-£7,50001 Jul 202406 Feb 2025220 Days
Wychwood House, Stocks Lane, Faldingworth, Market Rasen, Lincolnshire, LN8 3SH£450,000£415,000-£35,00010 Sep 202417 Jan 2025129 Days
5 The Oaklands, Wragby, Market Rasen, Lincolnshire, LN8 5UT£260,000£260,000£015 Aug 202410 Jan 2025148 Days
29 King Street, Market Rasen, Lincolnshire, LN8 3BB£170,000£170,000£017 Jul 202403 Jan 2025170 Days
19 Cow Lane, Tealby, Market Rasen, Lincolnshire, LN8 3YB£450,000£420,000-£30,00001 Jul 202417 Dec 2024169 Days
8 The Oaklands, Wragby, Market Rasen, Lincolnshire, LN8 5UT£185,000£180,000-£5,00004 Sep 202413 Dec 2024100 Days
15 Dear Street, Market Rasen, Lincolnshire, LN8 3BH£92,500£92,500£023 Sep 202412 Dec 202480 Days
26 Cow Lane, Tealby, Market Rasen, Lincolnshire, LN8 3YB£180,000£156,000-£24,00011 Sep 202405 Dec 202485 Days
21 Bain Rise, Ludford, Market Rasen, Lincolnshire, LN8 6LF£190,000£185,000-£5,00026 Jul 202405 Dec 2024132 Days
9 Barff Meadow, Glentham, Market Rasen, Lincolnshire, LN8 2FD£425,000£425,000£009 Oct 202404 Dec 202456 Days
The Cottage, Chapel Lane, Normanby By Spital, Market Rasen, Lincolnshire, LN8 2HG£235,000£217,500-£17,50004 Jul 202429 Nov 2024148 Days
Meadow End, Louth Road, Binbrook, Market Rasen, Lincolnshire, LN8 6BJ£495,000£457,500-£37,50012 Feb 202425 Nov 2024287 Days
28 Willingham Road, Market Rasen, Lincolnshire, LN8 3DR£215,000£212,500-£2,50003 May 202401 Nov 2024182 Days
The Gardeners Cottage, Faldingworth Road, Spridlington, Market Rasen, Lincolnshire, LN8 2DF£425,000£410,000-£15,00015 Jan 202401 Nov 2024291 Days
2 Stocks Hill, Ludford, Market Rasen, Lincolnshire, LN8 6AB£85,000£85,000£025 Jul 202430 Oct 202497 Days
8 Arlington Road, Newtoft, Market Rasen, Lincolnshire, LN8 3NP£115,000£105,000-£10,00020 May 202407 Oct 2024140 Days
6 Wells Drive, Market Rasen, Lincolnshire, LN8 3EF£215,000£215,000£015 May 202403 Oct 2024141 Days
4 Beck Hill, Tealby, Market Rasen, Lincolnshire, LN8 3XS£650,000£590,000-£60,00028 Mar 202401 Oct 2024187 Days

Most Expensive Streets in LN8 (Market Rasen)

PostcodeStreetAreaAverageNo. of Sales
LN8 3XSBeck Hill, TealbyMarket Rasen£760,0003
LN8 5JDApley Road, GolthoMarket Rasen£632,5003
LN8 5SQMain StreetMarket Rasen£628,6663
LN8 3ZUOwersby Barn, Thornton RoadMarket Rasen£512,0005
LN8 3YFSandy Lane, TealbyMarket Rasen£492,5003
LN8 2EEHigh Street, CaenbyMarket Rasen£486,6663
LN8 6HPWalesby Lane, Stainton Le ValeMarket Rasen£484,1005
LN8 3XLRasen Road, TealbyMarket Rasen£457,9449
LN8 5LQHatton RoadMarket Rasen£454,1113
LN8 3XQMillfield Close, TealbyMarket Rasen£444,7036

Least Expensive Streets in LN8 (Market Rasen)

PostcodeStreetAreaAverageNo. of Sales
LN8 3FAFitzwilliam Court, Union Street, Market RasenMarket Rasen£72,0004
LN8 3XBHancock Court, Willingham RoadMarket Rasen£87,6663
LN8 3BECedar CloseMarket Rasen£89,27211
LN8 3EHQueen StreetMarket Rasen£93,2504
LN8 3BBKing StreetMarket Rasen£102,1663
LN8 6EEDrigh Road, BrookenbyMarket Rasen£102,8333
LN8 3NLPrince William Road, New ToftMarket Rasen£103,6427
LN8 3ARSerpentine StreetMarket Rasen£104,8754
LN8 6EGHunter Road, BrookenbyMarket Rasen£106,6205
LN8 3AZMaltings CourtMarket Rasen£107,3163

Explore LN8 (Market Rasen) using map

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