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Derby House Prices

The average house price in Derby is £217,043 using HM Land Registry data.

The average property price increased by £43,430 (21.64%) over the last 5 years and increased by £8,682 (3.69%) over the last 12 months.

Over the last year, there were 2,369 residential property sales – a decrease of 1,220 transactions (-51.50%) relative to the previous year. The majority of house sales (562) were in the £170,000 - £220,000 range. Then came properties in the £120,000 - £170,000 range, where 528 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 60 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,650 (-1%).

In June 2024, there were 499 new estate agency instructions, 403 agreed home sales and 241 property price reductions.

5-Year Average Property Prices in Derby

21.64%

Property prices in Derby increased by 21.64% 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 Derby Over the Last Year

3.69%

Property prices in Derby increased by 3.69% 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 Derby - 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 Derby

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 Derby

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 Derby

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 Derby since 1995

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

Recent Property Sales in Derby

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
22 Commerce Street, Derby, City Of Derby, DE24 8TQ	£125,000	£125,000	£00	16 Feb 2024	21 May 2024	95 Days
70 Morley Road, Chaddesden, Derby, City Of Derby, DE21 4QW	£300,000	£285,000	-£15,000	18 Oct 2023	20 May 2024	215 Days
192 Baker Street, Alvaston, Derby, City Of Derby, DE24 8SF	£150,000	£150,000	£00	11 Nov 2023	15 May 2024	186 Days
63 Leslie Close, Littleover, Derby, City Of Derby, DE23 4AW	£325,000	£300,000	-£25,000	09 Jul 2023	14 May 2024	310 Days
82 Dale Road, Spondon, Derby, City Of Derby, DE21 7DF	£325,000	£295,000	-£30,000	06 Sep 2023	10 May 2024	247 Days
8 Nesfield Close, Alvaston, Derby, City Of Derby, DE24 0QT	£270,000	£265,000	-£5,000	28 Jul 2023	10 May 2024	287 Days
20 Fiskerton Way, Oakwood, Derby, City Of Derby, DE21 2HQ	£210,000	£210,000	£00	22 Dec 2023	08 May 2024	138 Days
78 Moor End, Spondon, Derby, City Of Derby, DE21 7EE	£190,000	£190,000	£00	04 Nov 2023	07 May 2024	185 Days
21 Spring Street, Derby, City Of Derby, DE22 3UF	£145,000	£128,000	-£17,000	09 Jan 2024	07 May 2024	119 Days
65 Suffolk Avenue, Derby, City Of Derby, DE21 6ES	£199,950	£187,000	-£12,950	05 Oct 2023	03 May 2024	211 Days
95 Swarkestone Drive, Littleover, Derby, City Of Derby, DE23 2PD	£180,000	£180,000	£00	19 Dec 2023	03 May 2024	136 Days
276 Station Road, Mickleover, Derby, City Of Derby, DE3 9FE	£225,000	£222,500	-£2,500	24 Oct 2023	02 May 2024	191 Days
75 Maple Drive, Chellaston, Derby, City Of Derby, DE73 6RX	£135,000	£135,000	£00	18 Jan 2024	01 May 2024	104 Days
7 Deincourt Close, Spondon, Derby, City Of Derby, DE21 7LT	£190,000	£175,000	-£15,000	08 Dec 2023	30 Apr 2024	144 Days
198 Chellaston Road, Derby, City Of Derby, DE24 9EA	£260,000	£255,000	-£5,000	30 Oct 2023	30 Apr 2024	183 Days
121 Sinfin Avenue, Shelton Lock, Derby, City Of Derby, DE24 9EY	£220,000	£210,000	-£10,000	19 Sep 2023	29 Apr 2024	223 Days
8 Greenfinch Close, Spondon, Derby, City Of Derby, DE21 7TG	£165,000	£165,000	£00	14 Dec 2023	26 Apr 2024	134 Days
6 Shropshire Avenue, Derby, City Of Derby, DE21 6EU	£125,000	£125,000	£00	22 Jan 2024	26 Apr 2024	95 Days
29 Arlington Drive, Alvaston, Derby, City Of Derby, DE24 0AW	£200,000	£200,000	£00	02 Jan 2024	26 Apr 2024	115 Days
3 Bristol Drive, Mickleover, Derby, City Of Derby, DE3 9BT	£220,000	£210,000	-£10,000	20 Sep 2023	26 Apr 2024	219 Days

Most Expensive Streets in Derby

Postcode	Street	Area	Average	No. of Sales
DE23 4EE	Keats Avenue	Littleover	£882,500	4
DE22 2FP	Kings Croft	Allestree	£864,912	8
DE22 2ED	Curbar Close	Derby	£751,237	4
DE22 1ES	Duffield Road	Derby	£740,750	10
DE23 6NT	Oak Drive	Littleover	£684,990	5
DE22 1EX	Church Lane	Darley Abbey	£665,000	4
DE23 4DE	Fortis Way	Littleover	£665,000	4
DE22 2NJ	Poppyfields Meadow	Allestree	£651,862	4
DE22 2EL	Evans Avenue	Allestree	£649,200	5
DE23 4EB	Chain Lane	Littleover	£632,600	5

Least Expensive Streets in Derby

Postcode	Street	Area	Average	No. of Sales
DE24 8YR	Brindley Court	Wilkins Drive	£35,678	14
DE22 2UZ	Lambourn Court	Lambourn Drive	£47,486	8
DE22 1GR	Queens Court	Derby	£55,000	4
DE1 3NX	Eaton Court	Leaper Street, Derby	£56,333	9
DE1 3BT	Rivermead House	Bath Street, Derby	£61,166	3
DE23 6LH	Warwick Avenue	Derby	£62,900	10
DE22 2QE	Kedleston Court	Norbury Close	£63,500	4
DE1 2HL	Swinburne Street	Derby	£63,900	5
DE23 2NR	Blair House	Blagreaves Avenue	£65,500	3
DE23 6TF	Empress Road	Derby	£66,000	3