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Easington House Prices Easington House Prices

The average house price in Easington is £309,250 using HM Land Registry data.

The average property price increased by £16,916 (17.92%) over the last 5 years and increased by £3,381 (3.13%) over the last 12 months.

Over the last year, there were 120 residential property sales – a decrease of 22 transactions (-18.33%) relative to the previous year. The majority of house sales (49) were in the £30,000 - £68,000 range. Then came properties in the £68,000 - £106,000 range, where 24 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 31 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-3,178 (-2%).

In April 2024, there were 16 new estate agency instructions, 15 agreed home sales and 8 property price reductions.

Neighbouring Areas: Peterlee

Postcodes Covered: SR8

5-Year Average Property Prices in Easington

17.92%

Property prices in Easington increased by 17.92% 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 Easington Over the Last Year

3.13%

Property prices in Easington increased by 3.13% 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 Easington - 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 21 to 40 days, the broad evidence suggests that properties are selling reasonably quickly after being initially advertised and the market is reasonably healthy. If you are prepared to wait to up to 6 weeks, and you are sure that your property is priced realistically, you should get an offer within this timeframe.

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 Easington

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 Easington

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 Easington

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 Easington since 1995

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

Recent Property Sales in Easington

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
4 Paradise Crescent, Peterlee, County Durham, SR8 3HB£220,000£195,000-£25,00013 Nov 202319 Jan 202467 Days
28 Briardene Way, Easington Colliery, Peterlee, County Durham, SR8 3NR£230,000£230,000£0028 Sep 202308 Dec 202371 Days
8 Oswald Terrace, Peterlee, County Durham, SR8 3LB£60,000£60,000£0011 Jul 202330 Nov 2023142 Days
4 Hallfield Drive, Peterlee, County Durham, SR8 3DB£175,000£170,000-£5,00013 Jun 202327 Nov 2023167 Days
19 Nursery Gardens, Easington, Peterlee, County Durham, SR8 3UY£329,950£329,950£0012 Oct 202324 Nov 202343 Days
20 The Coppice, Easington Colliery, Peterlee, County Durham, SR8 3NU£230,000£224,950-£5,05026 Jun 202324 Nov 2023151 Days
18 Angus Street, Easington Colliery, Peterlee, County Durham, SR8 3PZ£59,999£58,000-£1,99927 Feb 202323 Nov 2023269 Days
10 Allan Street, Peterlee, County Durham, SR8 3QH£58,000£57,000-£1,00016 Aug 202323 Nov 202399 Days
13 Angus Street, Easington Colliery, Peterlee, County Durham, SR8 3PZ£65,000£62,000-£3,00021 Jun 202313 Nov 2023145 Days
16 Briardene Way, Easington Colliery, Peterlee, County Durham, SR8 3NR£180,000£180,000£0019 Oct 202220 Oct 2023366 Days
55 Holm Hill Gardens, Easington Colliery, Peterlee, County Durham, SR8 3JT£195,000£185,000-£10,00013 Jul 202313 Oct 202392 Days
Oaklands, Hall Walk, Peterlee, County Durham, SR8 3BS£179,950£170,000-£9,95016 May 202302 Oct 2023139 Days
14 Thomas Street, Easington Colliery, Peterlee, County Durham, SR8 3LT£55,000£52,000-£3,00015 Jul 202321 Sep 202368 Days
7 Oak Road, Easington Colliery, Peterlee, County Durham, SR8 3HR£90,000£87,000-£3,00016 May 202301 Sep 2023108 Days
6 The Coppice, Easington Colliery, Peterlee, County Durham, SR8 3NU£190,000£190,000£0010 Feb 202321 Aug 2023192 Days
51 The Coppice, Easington Colliery, Peterlee, County Durham, SR8 3NU£220,000£215,000-£5,00016 Feb 202331 Jul 2023165 Days
25 Ashton Street, Easington Colliery, Peterlee, County Durham, SR8 3QQ£30,000£26,750-£3,25017 Feb 202319 Jul 2023152 Days
29 Laburnum Crescent, Peterlee, County Durham, SR8 3EE£80,000£78,500-£1,50017 Feb 202307 Jul 2023140 Days
15 Dene Avenue, Peterlee, County Durham, SR8 3NJ£80,000£80,000£0025 Apr 202330 Jun 202366 Days
120 Oak Road, Easington Colliery, Peterlee, County Durham, SR8 3HX£85,000£84,000-£1,00018 May 202302 Jun 202315 Days

Most Expensive Streets in Easington

PostcodeStreetAreaAverageNo. of Sales
SR8 3UYNursery GardensEasington£296,7374
SR8 3UBThorpe RoadEasington£240,0003
SR8 3BSHall WalkPeterlee£239,7497
SR8 3TWSeaside LaneEasington£231,7374
SR8 3NTHillview GroveEasington Colliery£213,3624
SR8 3BBSt Marys CloseEasington Village£212,5005
SR8 3NXThe SpinneyEasington Village£210,2077
SR8 3NRBriardene WayEasington Colliery£196,3839
SR8 3FDParsley CloseEasington£193,86653
SR8 3NUThe CoppiceEasington Colliery£178,46015

Least Expensive Streets in Easington

PostcodeStreetAreaAverageNo. of Sales
SR8 3QQAshton StreetPeterlee£35,77012
SR8 3LSJohn StreetPeterlee£35,8577
SR8 3SABarwick StreetPeterlee£36,93510
SR8 3LXNoble StreetPeterlee£38,0004
SR8 3LUThorpe StreetEasington Colliery£38,1878
SR8 3LZJames StreetPeterlee£38,6188
SR8 3PPVincent StreetEasington Colliery£39,0416
SR8 3QBAnthony StreetPeterlee£39,9577
SR8 3RUAscot StreetPeterlee£40,79911
SR8 3SBBradley StreetPeterlee£41,15121

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