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Ferryhill House Prices Ferryhill House Prices

The average house price in Ferryhill is £72,625 using HM Land Registry data.

The average property price increased by £24,929 (34.79%) over the last 5 years and increased by £4,995 (5.45%) over the last 12 months.

Over the last year, there were 111 residential property sales – a decrease of 17 transactions (-15.32%) relative to the previous year. The majority of house sales (40) were in the £64,000 - £88,000 range. Then came properties in the £40,000 - £64,000 range, where 18 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 206 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,412 (-4%).

In Dec 24, there were 9 new estate agency instructions, 3 agreed home sales and 8 property price reductions.

Postcodes Covered: DL17

5-Year Average Property Prices in Ferryhill

34.79%

Property prices in Ferryhill increased by 34.79% 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 Ferryhill Over the Last Year

5.45%

Property prices in Ferryhill increased by 5.45% 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 Ferryhill - 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 Ferryhill

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 Ferryhill

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 Ferryhill

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 Ferryhill since 1995

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

Recent Property Sales in Ferryhill

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
7 Duncombe Bank, Ferryhill, County Durham, DL17 8BP£130,000£118,000-£12,00014 May 202415 Nov 2024185 Days
4 Bamburgh Road, Ferryhill, County Durham, DL17 8QH£119,950£117,000-£2,95017 May 202431 Oct 2024167 Days
8 Helmsley Close, Ferryhill, County Durham, DL17 8SS£88,000£78,000-£10,00010 May 202425 Oct 2024168 Days
32 Morpeth Close, Ferryhill, County Durham, DL17 8SZ£99,950£97,000-£2,95029 May 202423 Oct 2024147 Days
1 Bowes Close, Ferryhill, County Durham, DL17 8SY£85,000£85,000£0029 May 202421 Oct 2024145 Days
9 Walworth Road, Ferryhill, County Durham, DL17 8QD£162,500£162,500£0022 Jul 202416 Oct 202486 Days
9 Davy Street, Ferryhill, County Durham, DL17 8PN£54,950£49,000-£5,95012 Feb 202404 Oct 2024235 Days
2 Lanark Terrace, Ferryhill, County Durham, DL17 8JA£64,950£62,500-£2,45019 Mar 202409 Aug 2024143 Days
13 Barnard Road, Ferryhill, County Durham, DL17 8QJ£87,950£82,000-£5,95005 Mar 202402 Aug 2024150 Days
23 Hawthorne Road, Ferryhill, County Durham, DL17 8DP£99,950£98,500-£1,45019 Mar 202425 Jul 2024128 Days
7 East View, Ferryhill, County Durham, DL17 8AB£54,950£52,000-£2,95011 Mar 202428 Jun 2024109 Days
14 Napier Court, Ferryhill, County Durham, DL17 8PZ£164,950£157,000-£7,95010 Aug 202320 Jun 2024315 Days
37 North Street, Ferryhill, County Durham, DL17 8HX£74,950£74,950£0021 Sep 202320 Jun 2024273 Days
4 Babbacombe Drive, Ferryhill, County Durham, DL17 8DA£149,950£145,600-£4,35022 Feb 202403 Jun 2024102 Days
4 Ramsay Drive, Ferryhill, County Durham, DL17 8PU£145,000£130,000-£15,00016 Nov 202331 May 2024197 Days
8 Commercial Street, Ferryhill, County Durham, DL17 0DF£65,000£65,000£0005 Feb 202424 May 2024109 Days
20 Elm Road, Ferryhill, County Durham, DL17 8DG£87,500£84,000-£3,50030 Jan 202403 May 202494 Days
7 Durham Road, Ferryhill, County Durham, DL17 8LD£80,000£75,000-£5,00020 Oct 202315 Apr 2024178 Days
10 West View, Ferryhill, County Durham, DL17 8AQ£74,950£70,000-£4,95028 Sep 202322 Mar 2024176 Days
8 Duncombe Bank, Ferryhill, County Durham, DL17 8BP£149,950£140,000-£9,95002 Nov 202322 Mar 2024141 Days

Most Expensive Streets in Ferryhill

PostcodeStreetAreaAverageNo. of Sales
DL17 8UAPriors PathFerryhill£227,3333
DL17 8RDAidens WalkFerryhill£200,0003
DL17 8TJCrompton CourtFerryhill£196,1124
DL17 8HRDean ParkFerryhill£190,76311
DL17 8HSDean ParkFerryhill£175,4874
DL17 8PZNapier CourtFerryhill£170,6663
DL17 8LUKensington GardensFerryhill£160,2905
DL17 8PXRamsay DriveFerryhill£159,7229
DL17 8PYCavendish CourtFerryhill£151,4905
DL17 8QDWalworth RoadFerryhill£145,8333

Least Expensive Streets in Ferryhill

PostcodeStreetAreaAverageNo. of Sales
DL17 8PJWatt StreetFerryhill£36,9166
DL17 0DJWilliam StreetFerryhill£39,0003
DL17 8ATConyers TerraceFerryhill£39,0003
DL17 8NQHackworth StreetFerryhill£40,3333
DL17 0DTGeorge StreetFerryhill£42,4995
DL17 8NJBessemer StreetFerryhill£42,73924
DL17 8JZWest StreetFerryhill£42,75011
DL17 8PWNewton StreetFerryhill£42,81910
DL17 8BAMagdalene PlaceFerryhill£44,6256
DL17 0DUChurch StreetFerryhill£46,0948

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