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Grimsby House Prices Grimsby House Prices

The average house price in Grimsby is £156,957 using HM Land Registry data.

The average property price increased by £18,716 (14.25%) over the last 5 years and increased by £3,750 (2.56%) over the last 12 months.

Over the last year, there were 767 residential property sales – a decrease of 303 transactions (-39.50%) relative to the previous year. The majority of house sales (172) were in the £60,000 - £96,000 range. Then came properties in the £132,000 - £168,000 range, where 171 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 114 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,855 (-3%).

In Dec 24, there were 83 new estate agency instructions, 85 agreed home sales and 95 property price reductions.

Neighbouring Areas: Cleethorpes, Waltham

Postcodes Covered: DN31, DN32, DN33, DN34, DN35, DN37, DN41

5-Year Average Property Prices in Grimsby

14.25%

Property prices in Grimsby increased by 14.25% 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 Grimsby Over the Last Year

2.56%

Property prices in Grimsby increased by 2.56% 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 Grimsby - 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 Grimsby

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 Grimsby

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 Grimsby

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 Grimsby since 1995

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

Recent Property Sales in Grimsby

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
12 St Olafs Grove, Grimsby, North East Lincolnshire, DN32 0HA£119,950£113,000-£6,95024 Sep 202421 Nov 202458 Days
27 Dale View, Grimsby, North East Lincolnshire, DN33 1RE£68,000£67,320-£68010 Jul 202420 Nov 2024133 Days
48 Granville Street, Grimsby, North East Lincolnshire, DN32 9NS£86,950£83,000-£3,95026 Jul 202415 Nov 2024112 Days
7 Paynter Walk, Scartho Top, Grimsby, North East Lincolnshire, DN33 3SU£220,000£210,000-£10,00020 Apr 202415 Nov 2024209 Days
58 Weelsby Avenue, Grimsby, North East Lincolnshire, DN32 0AS£139,000£125,000-£14,00020 Jun 202408 Nov 2024141 Days
34 Cromwell Road, Grimsby, North East Lincolnshire, DN31 2DW£85,000£78,476-£6,52411 Sep 202308 Nov 2024424 Days
1 Victory Way, Grimsby, North East Lincolnshire, DN34 5UY£170,000£165,000-£5,00030 Aug 202408 Nov 202470 Days
40 Croxby Avenue, Grimsby, North East Lincolnshire, DN33 2NW£209,950£205,000-£4,95013 Jun 202408 Nov 2024148 Days
84 Scartho Road, Grimsby, North East Lincolnshire, DN33 2BG£189,950£189,950£0007 Sep 202408 Nov 202462 Days
64 Cambridge Road, Grimsby, North East Lincolnshire, DN34 5EA£145,000£142,000-£3,00020 Jun 202407 Nov 2024140 Days
19 Windermere Avenue, Grimsby, North East Lincolnshire, DN33 3BN£180,000£170,000-£10,00006 Sep 202407 Nov 202462 Days
37 Grantham Avenue, Grimsby, North East Lincolnshire, DN33 2HQ£199,950£190,000-£9,95008 Mar 202407 Nov 2024244 Days
5 Eason Road, Scartho Top, Grimsby, North East Lincolnshire, DN33 3SN£342,000£335,000-£7,00029 May 202407 Nov 2024162 Days
9 Ravenspurn Way, Grimsby, North East Lincolnshire, DN31 1XP£80,000£77,000-£3,00006 Sep 202405 Nov 202460 Days
29 Westminster Drive, Grimsby, North East Lincolnshire, DN34 4TU£150,000£143,000-£7,00020 May 202404 Nov 2024168 Days
17 Antrim Way, Grimsby, North East Lincolnshire, DN33 2DL£175,000£172,000-£3,00007 May 202404 Nov 2024181 Days
29 Whitby Drive, Grimsby, North East Lincolnshire, DN32 9TB£145,000£143,000-£2,00022 Apr 202401 Nov 2024193 Days
6 Drew Avenue, Grimsby, North East Lincolnshire, DN32 0AY£184,500£183,500-£1,00017 Jul 202401 Nov 2024107 Days
79 Waterside Drive, Grimsby, North East Lincolnshire, DN31 1RY£85,000£81,000-£4,00027 Jul 202401 Nov 202497 Days
21 Barry Avenue, Grimsby, North East Lincolnshire, DN34 5LS£149,950£140,000-£9,95018 Jun 202401 Nov 2024136 Days

Most Expensive Streets in Grimsby

PostcodeStreetAreaAverageNo. of Sales
DN32 0EEPark DriveGrimsby£538,3333
DN32 0EFPark DriveGrimsby£406,4003
DN32 0DZWelholme AvenueGrimsby£401,8754
DN33 2NFWaltham RoadGrimsby£361,3333
DN33 2EFWoodrow ParkGrimsby£348,8577
DN33 3DPFairfield RoadGrimsby£343,3333
DN32 0QAWeelsby RoadGrimsby£334,4995
DN34 4TENorthumberland CloseGrimsby£331,8754
DN34 4TJAugusta StreetGrimsby£331,6663
DN32 0EGPark DriveGrimsby£330,0003

Least Expensive Streets in Grimsby

PostcodeStreetAreaAverageNo. of Sales
DN31 2EUThorgam CourtGrimsby£32,4005
DN31 1RDAlexandra RoadGrimsby£36,1405
DN31 2HPSaunders StreetGrimsby£40,9993
DN31 1XRRavenspurn WayGrimsby£42,1906
DN32 7RPGrafton StreetGrimsby£42,6005
DN32 7NBHarold StreetGrimsby£44,0005
DN32 7NATunnard StreetGrimsby£44,5559
DN31 2HHDover StreetGrimsby£44,6254
DN31 2QSElsenham RoadGrimsby£45,1119
DN32 7NFRutland StreetGrimsby£45,2857

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