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Grays House Prices Grays House Prices

The average house price in Grays is £378,054 using HM Land Registry data.

The average property price increased by £91,699 (32.31%) over the last 5 years and increased by £18,327 (5.13%) over the last 12 months.

Over the last year, there were 327 residential property sales – a decrease of 179 transactions (-54.74%) relative to the previous year. The majority of house sales (73) were in the £304,000 - £366,000 range. Then came properties in the £366,000 - £428,000 range, where 68 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 52 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,620 (-1%).

In April 2024, there were 74 new estate agency instructions, 61 agreed home sales and 38 property price reductions.

Neighbouring Areas: Chadwell St Mary, Chafford Hundred and West Thurrock, Tilbury

Postcodes Covered: RM16, RM17, RM18, RM20

5-Year Average Property Prices in Grays

32.31%

Property prices in Grays increased by 32.31% 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 Grays Over the Last Year

5.13%

Property prices in Grays increased by 5.13% 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 Grays - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 Grays

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 Grays

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 Grays

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 Grays since 1995

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

Recent Property Sales in Grays

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
38 Laird Avenue, Grays, Thurrock, RM16 2NP£365,000£350,000-£15,00024 Jan 202421 Mar 202457 Days
110a, Blackshots Lane, Grays, Thurrock, RM16 2LD£525,000£518,000-£7,00024 Mar 202310 Jan 2024292 Days
30 Whitmore Avenue, Grays, Thurrock, RM16 2HX£350,000£345,000-£5,00023 Aug 202315 Dec 2023114 Days
68 Hogg Lane, Grays, Thurrock, RM17 5QT£400,000£400,000£0020 Jun 202311 Dec 2023174 Days
30 Chadwell Road, Grays, Thurrock, RM17 5SY£350,000£335,000-£15,00027 Jul 202308 Dec 2023134 Days
46 Rosebery Road, Grays, Thurrock, RM17 5YT£355,000£351,000-£4,00030 Jun 202307 Dec 2023160 Days
13 Medlar Road, Grays, Thurrock, RM17 6TU£500,000£500,000£0007 Jun 202306 Dec 2023182 Days
98 Blackshots Lane, Grays, Thurrock, RM16 2LA£500,000£490,000-£10,00011 Aug 202330 Nov 2023111 Days
53 Bankfoot, Badgers Dene, Grays, Thurrock, RM17 5HY£375,000£370,000-£5,00025 Apr 202330 Nov 2023219 Days
82 Rosedale Road, Grays, Thurrock, RM17 6AB£320,000£320,000£0026 Jun 202328 Nov 2023155 Days
2 Whitmore Avenue, Grays, Thurrock, RM16 2JA£375,000£375,000£0024 Apr 202323 Nov 2023213 Days
53 Parkside, Grays, Thurrock, RM16 2GE£375,000£375,000£0018 Aug 202317 Nov 202391 Days
64 Fairway, Grays, Thurrock, RM16 2AJ£450,000£450,000£0008 Sep 202317 Nov 202370 Days
17 Mead Close, Grays, Thurrock, RM16 2TR£600,000£592,000-£8,00030 Jun 202316 Nov 2023139 Days
31 Ashley Gardens, Grays, Thurrock, RM16 2LR£435,000£435,000£0022 Jul 202313 Nov 2023114 Days
25 Orchard Drive, Grays, Thurrock, RM17 5AE£465,000£450,000-£15,00004 Jul 202310 Nov 2023129 Days
65 Elm Road, Grays, Thurrock, RM17 6LD£180,000£145,000-£35,00027 Apr 202330 Oct 2023186 Days
236 Blackshots Lane, Grays, Thurrock, RM16 2LP£425,000£418,000-£7,00005 Aug 202327 Oct 202383 Days
101 Southend Road, Grays, Thurrock, RM17 5NW£450,000£425,000-£25,00011 Feb 202326 Oct 2023257 Days
168 Whitehall Lane, Grays, Thurrock, RM17 6SY£250,000£245,000-£5,00014 Apr 202325 Oct 2023194 Days

Most Expensive Streets in Grays

PostcodeStreetAreaAverageNo. of Sales
RM17 5UNCollege AvenueGrays£841,2504
RM16 2XXConnaught AvenueGrays£607,5004
RM16 3JBBadgers MountOrsett£604,3754
RM17 5UWCollege AvenueGrays£601,2504
RM17 5XDBradleigh AvenueGrays£588,1427
RM16 2RLVictoria AvenueGrays£562,6663
RM16 2XTConnaught AvenueGrays£551,2506
RM16 2UAWindsor AvenueGrays£546,6663
RM17 5XALangthorne CrescentGrays£527,1254
RM16 4XSStanford RoadGrays£525,0003

Least Expensive Streets in Grays

PostcodeStreetAreaAverageNo. of Sales
RM17 6HQConway GardensGrays£100,0663
RM17 6RTSejant HouseBridge Road£131,3754
RM17 6SEVert HouseFalcon Avenue£133,7484
RM17 6RZChevron HouseCrest Avenue£136,0005
RM17 6RRBevile HouseArgent Street, Grays£136,3333
RM17 6HEConway GardensGrays£144,7506
RM17 6RPTrefoil HouseCrest Avenue£149,5006
RM17 6BWBridge CourtGrays£150,4805
RM17 5SZThe FlatsChadwell Road£150,6663
RM17 5DFQueensgate CentreGrays£152,44711

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