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Dereham House Prices Dereham House Prices

The average house price in Dereham is £204,911 using HM Land Registry data.

The average property price increased by £90,216 (45.18%) over the last 5 years and increased by £18,031 (6.63%) over the last 12 months.

Over the last year, there were 261 residential property sales – a decrease of 148 transactions (-56.70%) relative to the previous year. The majority of house sales (58) were in the £234,000 - £276,000 range. Then came properties in the £192,000 - £234,000 range, where 54 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 69 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,055 (-3%).

In April 2024, there were 77 new estate agency instructions, 37 agreed home sales and 49 property price reductions.

Postcodes Covered: NR19, NR20

5-Year Average Property Prices in Dereham

45.18%

Property prices in Dereham increased by 45.18% 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

6.63%

Property prices in Dereham increased by 6.63% 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 - 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 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
23 Neville Close, Dereham, Norfolk, NR19 1HX£150,000£90,000-£60,00014 Jan 201629 Feb 20242968 Days
3 Raynham Ride, Dereham, Norfolk, NR19 2YE£240,000£230,000-£10,00007 Sep 202321 Feb 2024167 Days
3 Malthouse Court, Dereham, Norfolk, NR20 4UA£220,000£218,000-£2,00002 Oct 202302 Feb 2024123 Days
Heathfield, Sandy Lane, Dereham, Norfolk, NR19 2QA£1,750,000£1,685,000-£65,00007 Sep 202301 Feb 2024147 Days
33 Swanton Avenue, Dereham, Norfolk, NR19 2HJ£200,000£198,500-£1,50011 Aug 202319 Jan 2024161 Days
26 Stockholm Way, Dereham, Norfolk, NR19 1XF£180,000£174,000-£6,00029 Aug 202302 Jan 2024126 Days
9 Gorse Close, Scarning, Dereham, Norfolk, NR19 2UT£235,000£235,000£0020 Nov 202320 Dec 202330 Days
33 Hillfields, Dereham, Norfolk, NR19 1UE£290,000£285,000-£5,00002 Sep 202318 Dec 2023107 Days
14 Featherstone Court, Dereham, Norfolk, NR19 1EY£160,000£155,000-£5,00008 Sep 202315 Dec 202398 Days
2 Oakwood Close, Dereham, Norfolk, NR19 2ST£230,000£230,000£0007 Jun 202314 Dec 2023190 Days
2 Alexander Way, Dereham, Norfolk, NR19 2SW£230,000£215,000-£15,00019 Aug 202314 Dec 2023117 Days
20 Norwich Road, Dereham, Norfolk, NR20 3AE£170,000£162,000-£8,00010 Oct 202312 Dec 202363 Days
30 Hillcrest Avenue, Toftwood, Dereham, Norfolk, NR19 1LP£240,000£240,000£0014 Apr 202311 Dec 2023241 Days
39 Vienna Walk, Dereham, Norfolk, NR19 1UL£130,000£125,000-£5,00026 Aug 202301 Dec 202397 Days
1 George Borrow Road, Dereham, Norfolk, NR19 1HH£495,000£475,000-£20,00003 Feb 202330 Nov 2023300 Days
34 School Lane, Dereham, Norfolk, NR19 1LS£260,000£250,000-£10,00002 Sep 202330 Nov 202389 Days
9 Wisteria Close, Dereham, Norfolk, NR20 3TD£300,000£292,500-£7,50010 May 202314 Nov 2023188 Days
12 Diana Close, Dereham, Norfolk, NR19 1TG£160,000£150,000-£10,00014 Jul 202310 Nov 2023119 Days
5 Bulwer Road, Dereham, Norfolk, NR19 2HA£275,000£270,000-£5,00021 Aug 202310 Nov 202381 Days
12 Teasel Close, Dereham, Norfolk, NR20 3SU£300,000£300,000£0029 Jun 202310 Nov 2023134 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 2NWRushmeadow RoadScarning£466,9166
NR19 2YDTownshend RoadDereham£455,6258
NR19 2DRQuebec RoadDereham£424,5006
NR20 3SAPaget Adams DriveDereham£422,6619
NR20 3TEGreenfields RoadDereham£397,6878
NR20 3TBBlackberry CloseDereham£397,0006

Least Expensive Streets in Dereham

PostcodeStreetAreaAverageNo. of Sales
NR19 2UHThe MaltingsDereham£92,92725
NR20 3FDPavilion WayDereham£93,0004
NR19 2UUThe MaltingsDereham£96,61113
NR19 1DNChurch StreetDereham£100,9378
NR19 1BXNorwich StreetDereham£111,5004
NR19 2AZSwaffham RoadDereham£117,0003
NR19 1UAReavey CourtLondon Road£124,4166
NR19 1WNMetamec DriveDereham£126,6005
NR19 1THWarren PlaceDereham£127,63611
NR19 1TTThorp CourtSouth Green£129,83312

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