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Gainsborough House Prices

The average house price in Gainsborough is £121,772 using HM Land Registry data.

The average property price increased by £32,166 (25.92%) over the last 5 years and increased by £6,445 (4.3%) over the last 12 months.

Over the last year, there were 223 residential property sales – a decrease of 132 transactions (-59.19%) relative to the previous year. The majority of house sales (47) were in the £96,000 - £132,000 range. Then came properties in the £132,000 - £168,000 range, where 43 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 135 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,810 (-4%).

In Dec 24, there were 21 new estate agency instructions, 25 agreed home sales and 36 property price reductions.

5-Year Average Property Prices in Gainsborough

25.92%

Property prices in Gainsborough increased by 25.92% 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 Gainsborough Over the Last Year

4.3%

Property prices in Gainsborough increased by 4.3% 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 Gainsborough - 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 Gainsborough

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 Gainsborough

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 Gainsborough

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 Gainsborough since 1995

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

Recent Property Sales in Gainsborough

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
30 Claythorne Drive, Gainsborough, Lincolnshire, DN21 1TZ	£215,000	£207,000	-£8,000	03 Jun 2024	22 Nov 2024	172 Days
82 Mayflower Close, Gainsborough, Lincolnshire, DN21 1AU	£119,950	£119,950	£00	10 Jul 2024	15 Nov 2024	128 Days
6 Dunholme Road, Gainsborough, Lincolnshire, DN21 1XJ	£220,000	£220,000	£00	06 Nov 2023	13 Nov 2024	373 Days
9 North Warren Road, Gainsborough, Lincolnshire, DN21 2TT	£120,000	£115,000	-£5,000	03 Jun 2024	08 Nov 2024	158 Days
16 Charles Street, Gainsborough, Lincolnshire, DN21 2JA	£89,950	£87,500	-£2,450	13 Jun 2024	08 Nov 2024	148 Days
7 Elsham Walk, Gainsborough, Lincolnshire, DN21 1SU	£75,000	£67,500	-£7,500	21 Jun 2024	06 Nov 2024	138 Days
2 Birch Grove, Gainsborough, Lincolnshire, DN21 1ES	£99,000	£98,000	-£1,000	19 Aug 2024	04 Nov 2024	77 Days
17 Tower Street, Gainsborough, Lincolnshire, DN21 2JQ	£80,000	£78,000	-£2,000	13 Jun 2024	01 Nov 2024	141 Days
18 North Warren Road, Gainsborough, Lincolnshire, DN21 2TT	£80,000	£70,000	-£10,000	13 May 2024	31 Oct 2024	171 Days
1 Lewis Street, Gainsborough, Lincolnshire, DN21 2AB	£69,950	£69,000	-£950	13 Aug 2024	29 Oct 2024	77 Days
2 Greystones Road, Gainsborough, Lincolnshire, DN21 2TF	£199,950	£193,000	-£6,950	12 Jul 2023	26 Jul 2024	380 Days
24 Mill Lane, Morton, Gainsborough, Lincolnshire, DN21 3BW	£74,999	£72,500	-£2,499	18 Apr 2024	25 Jul 2024	98 Days
453 Ropery Road, Gainsborough, Lincolnshire, DN21 2SZ	£180,000	£178,000	-£2,000	02 Jan 2024	11 Jul 2024	191 Days
20 Woodhill Avenue, Gainsborough, Lincolnshire, DN21 1FB	£269,995	£268,500	-£1,495	13 Feb 2024	04 Jul 2024	142 Days
17 Tennyson Street, Gainsborough, Lincolnshire, DN21 2JG	£95,000	£95,000	£00	17 Jan 2024	28 Jun 2024	163 Days
35 Nursery Vale, Morton, Gainsborough, Lincolnshire, DN21 3GE	£180,000	£175,000	-£5,000	08 Feb 2024	28 Jun 2024	141 Days
50 Sandsfield Lane, Gainsborough, Lincolnshire, DN21 1DA	£139,950	£139,950	£00	06 Jan 2024	27 Jun 2024	173 Days
298 Ropery Road, Gainsborough, Lincolnshire, DN21 2PD	£90,000	£87,500	-£2,500	21 Mar 2024	26 Jun 2024	97 Days
62 Greystones Road, Gainsborough, Lincolnshire, DN21 2TX	£190,000	£180,000	-£10,000	26 Dec 2023	24 May 2024	150 Days
10 Waterworks Street, Gainsborough, Lincolnshire, DN21 1LA	£70,000	£60,000	-£10,000	15 Aug 2023	20 May 2024	279 Days

Most Expensive Streets in Gainsborough

Postcode	Street	Area	Average	No. of Sales
DN21 1FY	Lindrick Drive	Gainsborough	£300,833	3
DN21 3GB	Salisbury Close	Morton	£299,983	3
DN21 3AL	Walkerith Road	Morton	£277,666	3
DN21 3BJ	Granary Close	Morton	£263,333	3
DN21 1QF	Thonock Avenue	Gainsborough	£258,497	10
DN21 1FF	Oak Tree Avenue	Gainsborough	£245,000	4
DN21 3DA	Walkerith Road	Morton	£243,400	5
DN21 2RF	Morton Terrace	Gainsborough	£239,800	5
DN21 1FL	Geoff Lane	Gainsborough	£239,328	3
DN21 1FG	Aspen Court	Gainsborough	£236,237	4

Least Expensive Streets in Gainsborough

Postcode	Street	Area	Average	No. of Sales
DN21 1JL	Clinton Terrace	Gainsborough	£38,998	4
DN21 1BN	Frampton Terrace	Gainsborough	£39,833	3
DN21 1JQ	Linden Terrace	Gainsborough	£42,250	8
DN21 1BX	Wellington Street	Gainsborough	£42,990	5
DN21 2JF	Tower Street	Gainsborough	£44,166	6
DN21 1BS	Wheeldon Street	Gainsborough	£46,250	4
DN21 1LA	Waterworks Street	Gainsborough	£47,450	12
DN21 1JR	Portland Terrace	Gainsborough	£47,750	4
DN21 1BZ	Dickenson Terrace	Gainsborough	£48,125	4
DN21 1DL	Darwin Street	Gainsborough	£49,290	5