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Hemel Hempstead House Prices Hemel Hempstead House Prices

The average house price in Hemel Hempstead is £397,986 using HM Land Registry data.

The average property price increased by £65,170 (17.51%) over the last 5 years and increased by £13,025 (3.07%) over the last 12 months.

Over the last year, there were 812 residential property sales – a decrease of 656 transactions (-80.79%) relative to the previous year. The majority of house sales (193) were in the £370,000 - £450,000 range. Then came properties in the £290,000 - £370,000 range, where 153 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 71 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-21,036 (-3%).

In April 2024, there were 219 new estate agency instructions, 131 agreed home sales and 125 property price reductions.

Neighbouring Areas: Bovingdon, Abbots Langley and Kings Langley

Postcodes Covered: HP1, HP2, HP3, WD4

5-Year Average Property Prices in Hemel Hempstead

17.51%

Property prices in Hemel Hempstead increased by 17.51% 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 Hemel Hempstead Over the Last Year

3.07%

Property prices in Hemel Hempstead increased by 3.07% 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 Hemel Hempstead - 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 Hemel Hempstead

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 Hemel Hempstead

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 Hemel Hempstead

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 Hemel Hempstead since 1995

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

Recent Property Sales in Hemel Hempstead

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
99 Highfield Lane, Hemel Hempstead, Hertfordshire, HP2 5JE£950,000£922,000-£28,00021 Nov 202321 Mar 2024121 Days
11 Rosewood Court, Hemel Hempstead, Hertfordshire, HP1 2TQ£300,000£300,000£0026 Dec 202315 Mar 202480 Days
57 St Albans Hill, Hemel Hempstead, Hertfordshire, HP3 9NQ£350,000£345,000-£5,00016 Aug 202306 Mar 2024203 Days
24 Isenburg Way, Hemel Hempstead, Hertfordshire, HP2 6NQ£410,000£400,000-£10,00027 Sep 202301 Mar 2024156 Days
153 Boxted Road, Hemel Hempstead, Hertfordshire, HP1 2QT£400,000£380,000-£20,00027 Sep 202326 Feb 2024152 Days
112 Lawn Lane, Hemel Hempstead, Hertfordshire, HP3 9HS£375,000£355,000-£20,00029 Sep 202331 Jan 2024124 Days
29 The Pastures, Hemel Hempstead, Hertfordshire, HP1 2TN£220,000£210,000-£10,00014 Nov 202323 Jan 202470 Days
34 Winifred Road, Hemel Hempstead, Hertfordshire, HP3 9DX£425,000£405,000-£20,00015 May 202322 Jan 2024252 Days
3 The Farthings, Hemel Hempstead, Hertfordshire, HP1 1XD£395,000£377,500-£17,50017 Mar 202312 Jan 2024301 Days
9 Horselers, Hemel Hempstead, Hertfordshire, HP3 9UH£500,000£499,500-£50014 Sep 202308 Jan 2024116 Days
82 Lockers Park Lane, Hemel Hempstead, Hertfordshire, HP1 1TJ£425,000£390,000-£35,00025 Sep 202303 Jan 2024100 Days
21 Epping Green, Hemel Hempstead, Hertfordshire, HP2 7JP£435,000£435,000£0018 Jul 202320 Dec 2023155 Days
30 The Copse, Hemel Hempstead, Hertfordshire, HP1 2TA£675,000£650,000-£25,00005 Jul 202314 Dec 2023162 Days
13 Maynard Road, Hemel Hempstead, Hertfordshire, HP2 4TR£410,000£400,000-£10,00007 Jul 202313 Dec 2023159 Days
117 Leys Road, Hemel Hempstead, Hertfordshire, HP3 9JX£200,000£160,000-£40,00014 Jul 202311 Dec 2023150 Days
13 Clinton End, Hemel Hempstead, Hertfordshire, HP2 4PD£480,000£460,000-£20,00007 Aug 202308 Dec 2023123 Days
36 Tattershall Drive, Hemel Hempstead, Hertfordshire, HP2 7QF£210,000£200,000-£10,00019 Jun 202308 Dec 2023172 Days
54 Epping Green, Hemel Hempstead, Hertfordshire, HP2 7JD£130,000£110,000-£20,00022 Jul 202307 Dec 2023138 Days
12 Castle Mead, Hemel Hempstead, Hertfordshire, HP1 1PR£550,000£537,000-£13,00025 Jul 202304 Dec 2023132 Days
15 Georgewood Road, Hemel Hempstead, Hertfordshire, HP3 8AL£475,000£450,000-£25,00020 Apr 202329 Nov 2023223 Days

Most Expensive Streets in Hemel Hempstead

PostcodeStreetAreaAverageNo. of Sales
HP3 0BQSheethanger LaneFelden£1,526,6663
HP3 0DJBox LaneHemel Hempstead£1,459,1427
HP3 8BZLongdean ParkHemel Hempstead£1,411,1005
HP3 0BGSheethanger LaneFelden£1,358,40010
HP3 0BUHighcroft RoadFelden£1,334,0006
HP3 0BZRoefields CloseFelden£1,271,2504
HP3 0DGCopper Beech CloseHemel Hempstead£1,133,0005
HP3 0BBFelden LaneFelden£1,121,0005
HP3 0NXLaurel BankFelden£1,006,2504
HP3 8BUSilverthorn DriveHemel Hempstead£988,6254

Least Expensive Streets in Hemel Hempstead

PostcodeStreetAreaAverageNo. of Sales
HP1 1DZFareham HouseMarlowes£119,5503
HP3 9GYBasildon CourtCroxley Road£122,5003
HP2 4FYMoorview HouseSelden Hill£135,8005
HP1 1UFGadeviewCotterells£136,5836
HP2 7JDEpping GreenHemel Hempstead£138,3758
HP2 5GYGilroy RoadHemel Hempstead£150,1663
HP2 5BEAlbyn HouseAlexandra Road£153,6995
HP2 4FGOatridge GardensHemel Hempstead£159,1119
HP2 7RFValley GreenHemel Hempstead£159,5836
HP2 6ALLivingstone WalkHemel Hempstead£161,5004

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