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Bognor Regis House Prices Bognor Regis House Prices

The average house price in Bognor Regis is £259,051 using HM Land Registry data.

The average property price increased by £91,506 (31.6%) over the last 5 years and increased by £18,289 (5.04%) over the last 12 months.

Over the last year, there were 793 residential property sales – a decrease of 390 transactions (-49.18%) relative to the previous year. The majority of house sales (214) were in the £314,000 - £406,000 range. Then came properties in the £222,000 - £314,000 range, where 189 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 £-13,984 (-3%).

In April 2024, there were 225 new estate agency instructions, 138 agreed home sales and 162 property price reductions.

Postcodes Covered: PO21, PO22

5-Year Average Property Prices in Bognor Regis

31.6%

Property prices in Bognor Regis increased by 31.6% 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 Bognor Regis Over the Last Year

5.04%

Property prices in Bognor Regis increased by 5.04% 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 Bognor Regis - April 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 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 Bognor Regis

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 Bognor Regis

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 Bognor Regis

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 Bognor Regis since 1995

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

Recent Property Sales in Bognor Regis

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
88 Harbour View Road, Bognor Regis, West Sussex, PO21 4RH£350,000£335,000-£15,00018 Sep 202321 Mar 2024185 Days
48 Murina Avenue, Bognor Regis, West Sussex, PO21 2DB£365,000£361,000-£4,00013 Jan 202419 Mar 202466 Days
2 Brooksmead, Bognor Regis, West Sussex, PO22 8AS£450,000£440,000-£10,00014 Oct 202308 Mar 2024146 Days
77 Hewarts Lane, Bognor Regis, West Sussex, PO21 3DJ£300,000£275,000-£25,00031 Oct 202301 Mar 2024122 Days
5 Norman Way, Bognor Regis, West Sussex, PO22 7TW£325,000£322,000-£3,00001 Jun 202328 Feb 2024272 Days
10 Nyetimber Lane, Bognor Regis, West Sussex, PO21 3HG£385,000£383,000-£2,00018 Sep 202327 Feb 2024162 Days
3 Kingsmead Road, Bognor Regis, West Sussex, PO22 6NE£425,000£415,000-£10,00024 Oct 202322 Feb 2024121 Days
4 Silverdale Close, Bognor Regis, West Sussex, PO21 4XF£315,000£305,000-£10,00021 Sep 202322 Feb 2024154 Days
21 Blackthorn Avenue, Felpham, Bognor Regis, West Sussex, PO22 8GA£450,000£415,000-£35,00026 Feb 201619 Feb 20242915 Days
27 Sunningdale Gardens, Bognor Regis, West Sussex, PO22 9LE£325,000£310,000-£15,00002 Jan 202419 Feb 202448 Days
Flat 39, Gateway Lodge, Felpham Road, Bognor Regis, West Sussex, PO22 7NS£169,950£160,000-£9,95007 Jun 202316 Feb 2024254 Days
9 Sycamore Road, Bognor Regis, West Sussex, PO22 9LD£170,000£140,000-£30,00008 Sep 202316 Feb 2024161 Days
24 Bucknor Close, Bognor Regis, West Sussex, PO21 4JS£175,000£172,500-£2,50016 Oct 202316 Feb 2024123 Days
16 St Winifreds Close, Bognor Regis, West Sussex, PO21 2JX£318,500£310,000-£8,50025 Jul 202312 Feb 2024202 Days
3 Martineau Close, Bognor Regis, West Sussex, PO21 4BT£750,000£750,000£0031 Oct 202306 Feb 202498 Days
27 Bursledon Close, Bognor Regis, West Sussex, PO22 8HP£375,000£375,000£0027 Oct 202301 Feb 202497 Days
Flat 1, Sabey Court, Albert Road, Bognor Regis, West Sussex, PO21 1LU£230,000£230,000£0006 Sep 202301 Feb 2024148 Days
3 Castlereagh Green, Bognor Regis, West Sussex, PO22 8HU£450,000£450,000£0008 Aug 202331 Jan 2024176 Days
29 Mead Lane, Bognor Regis, West Sussex, PO22 8AN£250,000£243,000-£7,00024 Jul 202326 Jan 2024186 Days
9 St Johns Close, Bognor Regis, West Sussex, PO21 5RX£500,000£485,000-£15,00029 Jun 202326 Jan 2024211 Days

Most Expensive Streets in Bognor Regis

PostcodeStreetAreaAverageNo. of Sales
PO21 4ERThe ByewayAldwick£1,875,0003
PO22 7SASea WayMiddleton On Sea£1,420,2857
PO21 4DSThe DriveBognor Regis£1,361,8904
PO22 7TBSouthdean DriveBognor Regis£1,320,8333
PO21 4EUThe DunesBognor Regis£1,150,0003
PO22 7NESea DriveBognor Regis£978,5717
PO21 4ATMarquis WayBognor Regis£958,3333
PO21 4DQKingswayBognor Regis£952,0704
PO22 7JSDavenport RoadBognor Regis£923,7504
PO22 7RWSouth WalkBognor Regis£892,5003

Least Expensive Streets in Bognor Regis

PostcodeStreetAreaAverageNo. of Sales
PO21 2NQHomecroft HouseSylvan Way£70,1568
PO21 2LRDanehurstSylvan Way£80,5003
PO21 2NGHomecroft HouseSylvan Way£81,3577
PO21 3JBOakland CourtNyetimber Lane£89,0009
PO21 3TGGarden LodgePagham Road£90,3005
PO21 3TENorth LodgePagham Road£91,3336
PO21 1SQClock WalkHigh Street, Bognor Regis£96,0006
PO21 1AHSovereign CourtCampbell Road£96,55328
PO22 7SEBuckingham CourtShrubbs Drive£97,82220
PO21 3TQSouth LodgePagham Road£101,2504

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