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Carmarthen House Prices Carmarthen House Prices

The average house price in Carmarthen is £214,166 using HM Land Registry data.

The average property price increased by £60,340 (38.44%) over the last 5 years and increased by £12,059 (5.88%) over the last 12 months.

Over the last year, there were 166 residential property sales – a decrease of 78 transactions (-46.99%) relative to the previous year. The majority of house sales (43) were in the £146,000 - £192,000 range. Then came properties in the £100,000 - £146,000 range, where 41 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 107 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,292 (-3%).

In April 2024, there were 22 new estate agency instructions, 8 agreed home sales and 3 property price reductions.

Postcodes Covered: SA31

5-Year Average Property Prices in Carmarthen

38.44%

Property prices in Carmarthen increased by 38.44% 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 Carmarthen Over the Last Year

5.88%

Property prices in Carmarthen increased by 5.88% 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 Carmarthen - 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 Carmarthen

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 Carmarthen

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 Carmarthen

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 Carmarthen since 1995

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

Recent Property Sales in Carmarthen

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
69 Heol Rudd, Carmarthen, Carmarthenshire, SA31 1ST£135,000£125,000-£10,00023 Oct 202309 Feb 2024109 Days
35 Waterloo Terrace, Carmarthen, Carmarthenshire, SA31 1DG£90,000£87,500-£2,50012 Sep 202309 Feb 2024150 Days
8 Plas Ystrad, Johnstown, Carmarthen, Carmarthenshire, SA31 3PH£140,000£138,000-£2,00009 Jun 202309 Feb 2024245 Days
7 Oak Terrace, Carmarthen, Carmarthenshire, SA31 1NX£225,000£225,000£0031 Aug 202309 Feb 2024162 Days
13 Myrddin Crescent, Carmarthen, Carmarthenshire, SA31 1DX£270,000£265,000-£5,00013 Oct 202329 Jan 2024108 Days
13 St Catherine Street, Carmarthen, Carmarthenshire, SA31 1RE£100,000£90,000-£10,00019 Jul 202319 Jan 2024184 Days
83 Abergwili Road, Carmarthen, Carmarthenshire, SA31 2HJ£300,000£280,000-£20,00019 Aug 202312 Dec 2023115 Days
39 Russell Terrace, Carmarthen, Carmarthenshire, SA31 1SZ£149,000£110,000-£39,00025 Oct 202204 Dec 2023405 Days
32 Knoll Gardens, Carmarthen, Carmarthenshire, SA31 3EJ£350,000£335,000-£15,00009 Jun 202313 Nov 2023157 Days
Penrhiw, Alltycnap Road, Johnstown, Carmarthen, Carmarthenshire, SA31 3QY£425,000£425,000£0007 Mar 202307 Nov 2023245 Days
26 Coronation Road, Carmarthen, Carmarthenshire, SA31 1TA£130,000£124,000-£6,00025 May 202317 Oct 2023145 Days
41 Francis Terrace, Carmarthen, Carmarthenshire, SA31 1HD£225,000£210,000-£15,00014 Apr 202310 Oct 2023179 Days
66 Water Street, Carmarthen, Carmarthenshire, SA31 1RH£115,000£106,500-£8,50028 Sep 202229 Sep 2023366 Days
15 Richmond Terrace, Carmarthen, Carmarthenshire, SA31 1HE£200,000£190,000-£10,00022 Mar 202327 Sep 2023189 Days
4 Glan Ffynnon, Tregynwr, Carmarthen, Carmarthenshire, SA31 2EB£115,000£111,000-£4,00011 May 202311 Sep 2023123 Days
51 Sycamore Way, Carmarthen, Carmarthenshire, SA31 3QG£115,000£110,000-£5,00017 Jan 202307 Sep 2023233 Days
2 Plas Ioan, Johnstown, Carmarthen, Carmarthenshire, SA31 3NS£160,000£155,250-£4,75014 Apr 202331 Aug 2023139 Days
21 Maesydderwen, Carmarthen, Carmarthenshire, SA31 3LX£250,000£240,000-£10,00012 May 202325 Aug 2023105 Days
1 Brynglas Crescent, Llangunnor, Carmarthen, Carmarthenshire, SA31 2HT£285,000£270,000-£15,00030 Jan 202317 Aug 2023199 Days
4 The Esplanade, Carmarthen, Carmarthenshire, SA31 1NG£325,000£305,000-£20,00022 Aug 202217 Aug 2023360 Days

Most Expensive Streets in Carmarthen

PostcodeStreetAreaAverageNo. of Sales
SA31 2JZMount PleasantLlangunnor£465,0005
SA31 3BUPenllwyn ParkCarmarthen£433,0003
SA31 2DFParc Y NeuaddCarmarthen£386,7857
SA31 3BXPicton TerraceCarmarthen£365,8333
SA31 2AHMostyn AvenueCarmarthen£345,0003
SA31 2APBronwydd RoadCarmarthen£335,5004
SA31 3GRMeysydd Y ColegCarmarthen£322,5717
SA31 3GHLlwyn Yr EosCarmarthen£320,4005
SA31 3QADerwen FechanTrevaughan£316,6663
SA31 2HAPenybancTanerdy£315,0003

Least Expensive Streets in Carmarthen

PostcodeStreetAreaAverageNo. of Sales
SA31 1LYThe ParadeCarmarthen£66,12819
SA31 1NNPriory StreetCarmarthen£68,4005
SA31 2EAY TalarTregynwr£77,6663
SA31 1HQRichmond TerraceCarmarthen£82,6663
SA31 1JABelvedere AvenueCarmarthen£90,0003
SA31 1NUPriory StreetCarmarthen£90,6006
SA31 1LQSpilman StreetCarmarthen£95,5004
SA31 1ERLittle Water StreetCarmarthen£96,35010
SA31 3HFBro MyrddinCarmarthen£97,7504
SA31 1NEPriory StreetCarmarthen£98,0005

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