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Dereham House Prices Dereham House Prices

The average house price in Dereham is £234,269 using HM Land Registry data.

The average property price increased by £69,587 (31.78%) over the last 5 years and increased by £13,943 (5.08%) over the last 12 months.

Over the last year, there were 245 residential property sales – a decrease of 114 transactions (-46.53%) relative to the previous year. The majority of house sales (59) were in the £216,000 - £254,000 range. Then came properties in the £140,000 - £178,000 range, where 41 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 125 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,046 (-2%).

In Dec 24, there were 27 new estate agency instructions, 27 agreed home sales and 28 property price reductions.

Postcodes Covered: NR19, NR20

5-Year Average Property Prices in Dereham

31.78%

Property prices in Dereham increased by 31.78% 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 Dereham Over the Last Year

5.08%

Property prices in Dereham increased by 5.08% 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 Dereham - Dec 24

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 Dereham

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 Dereham

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 Dereham

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 Dereham since 1995

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

Recent Property Sales in Dereham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
14 Hawthorn Drive, Scarning, Dereham, Norfolk, NR19 2UD£350,000£334,000-£16,00025 Dec 202315 Nov 2024326 Days
25 Watersfield Way, Dereham, Norfolk, NR19 1SQ£220,000£220,000£0001 Feb 202415 Nov 2024288 Days
Flat 6, Constable Court, Commercial Road, Dereham, Norfolk, NR19 1FF£120,000£120,000£0026 Jul 202401 Nov 202498 Days
6 Hillfields, Dereham, Norfolk, NR19 1UE£129,995£125,000-£4,99502 Jul 202430 Oct 2024120 Days
2 Steward Way, Scarning, Dereham, Norfolk, NR19 2TP£220,000£215,000-£5,00010 Jun 202428 Oct 2024140 Days
10 Sheddick Court, Dereham, Norfolk, NR19 2DT£325,000£200,000-£125,00010 May 202422 Oct 2024165 Days
3 Yeats Way, Dereham, Norfolk, NR19 2GX£200,000£195,000-£5,00013 May 202411 Oct 2024151 Days
5 Grove Close, Scarning, Dereham, Norfolk, NR19 2TE£190,000£187,500-£2,50031 May 202411 Oct 2024133 Days
5 Hillcrest Avenue, Toftwood, Dereham, Norfolk, NR19 1NF£260,000£253,000-£7,00028 May 202409 Oct 2024134 Days
37 Lisbon Road, Dereham, Norfolk, NR19 1XQ£220,000£217,500-£2,50031 May 202409 Oct 2024131 Days
33 Bluebell Close, Scarning, Dereham, Norfolk, NR19 2UQ£325,000£320,000-£5,00025 Jan 202403 Oct 2024252 Days
18 Larks Place, Dereham, Norfolk, NR20 3UA£230,000£215,000-£15,00004 Mar 202403 Oct 2024213 Days
20 Welden Road, Scarning, Dereham, Norfolk, NR19 2UB£240,000£185,625-£54,37508 Oct 201319 Aug 20243968 Days
111 Middlemarch Road, Dereham, Norfolk, NR19 1QD£289,995£280,000-£9,99520 Apr 202416 Aug 2024118 Days
21 William Cowper Close, Dereham, Norfolk, NR19 1LT£285,000£282,500-£2,50021 Nov 202316 Aug 2024269 Days
7 Eaton Gardens, Dereham, Norfolk, NR19 1QA£200,000£190,000-£10,00009 May 202413 Aug 202496 Days
9 Philip Place, Dereham, Norfolk, NR19 1SH£210,000£209,200-£80010 Apr 202405 Aug 2024117 Days
6 Warren Place, Dereham, Norfolk, NR19 1TH£145,000£140,000-£5,00022 Jan 202405 Aug 2024196 Days
22 Sandy Lane East, Dereham, Norfolk, NR19 2ED£290,000£285,000-£5,00019 Apr 202402 Aug 2024105 Days
31 Sedge Road, Scarning, Dereham, Norfolk, NR19 2UA£325,000£325,000£0010 Jan 202402 Aug 2024205 Days

Most Expensive Streets in Dereham

PostcodeStreetAreaAverageNo. of Sales
NR20 3GXWindfieldsEast Tuddenham£1,022,5004
NR20 3ALNorwich RoadDereham£629,0005
NR19 1HPDumpling GreenDereham£607,5006
NR19 2DZStanton CloseDereham£489,9984
NR19 2YDTownshend RoadDereham£470,0006
NR19 2NWRushmeadow RoadScarning£466,9166
NR19 2DRQuebec RoadDereham£445,0006
NR20 3SAPaget Adams DriveDereham£431,2438
NR20 3STElderberry DriveDereham£406,3754
NR20 3TBBlackberry CloseDereham£403,1427

Least Expensive Streets in Dereham

PostcodeStreetAreaAverageNo. of Sales
NR20 3FDPavilion WayDereham£93,0004
NR19 2UHThe MaltingsDereham£96,67326
NR19 2UUThe MaltingsDereham£99,07912
NR19 1DNChurch StreetDereham£104,4378
NR19 1BXNorwich StreetDereham£117,7005
NR19 1WNMetamec DriveDereham£126,6005
NR19 1THWarren PlaceDereham£127,91612
NR19 1TTThorp CourtSouth Green£131,18111
NR19 1UAReavey CourtLondon Road£133,4166
NR19 2BSSt Nicholas StreetDereham£138,7857

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