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Hexham House Prices Hexham House Prices

The average house price in Hexham is £255,307 using HM Land Registry data.

The average property price increased by £55,693 (22.5%) over the last 5 years and increased by £11,130 (3.81%) over the last 12 months.

Over the last year, there were 163 residential property sales – a decrease of 23 transactions (-14.11%) relative to the previous year. The majority of house sales (46) were in the £100,000 - £174,000 range. Then came properties in the £174,000 - £248,000 range, where 27 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 63 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,473 (-2%).

In April 2024, there were 35 new estate agency instructions, 26 agreed home sales and 7 property price reductions.

Postcodes Covered: NE46

5-Year Average Property Prices in Hexham

22.5%

Property prices in Hexham increased by 22.5% 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 Hexham Over the Last Year

3.81%

Property prices in Hexham increased by 3.81% 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 Hexham - 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 Hexham

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 Hexham

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 Hexham

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 Hexham since 1995

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

Recent Property Sales in Hexham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
5 Priestlands Close, Hexham, Northumberland, NE46 2AW£170,000£170,000£0025 Jan 202420 Mar 202455 Days
18 Conniscliffe Road, Hexham, Northumberland, NE46 2LW£350,000£340,000-£10,00026 Oct 202312 Feb 2024109 Days
16 Abbey View, Hexham, Northumberland, NE46 1EQ£115,000£110,500-£4,50010 Oct 202312 Feb 2024125 Days
14 Dickson Drive, Hexham, Northumberland, NE46 2RB£325,000£315,000-£10,00018 Oct 202307 Feb 2024112 Days
Silverdale, Whetstone Bridge Road, Hexham, Northumberland, NE46 3JD£395,000£350,000-£45,00006 Feb 202305 Feb 2024364 Days
30 Bondgate Close, Hexham, Northumberland, NE46 1DG£190,000£190,000£0011 Sep 202301 Feb 2024143 Days
50 Bowman Drive, Hexham, Northumberland, NE46 3BU£168,500£161,000-£7,50002 May 202330 Jan 2024273 Days
17 Craneshaugh Close, Hexham, Northumberland, NE46 2PG£100,000£95,000-£5,00030 Sep 202326 Jan 2024118 Days
39 Hackwood Park, Hexham, Northumberland, NE46 1AY£425,000£425,000£0003 Aug 202319 Jan 2024169 Days
2 Maidens Croft, Hexham, Northumberland, NE46 2QA£144,000£130,000-£14,00013 Jul 201612 Jan 20242739 Days
7 Priestlands Road, Hexham, Northumberland, NE46 2AJ£175,000£172,500-£2,50011 Aug 202311 Jan 2024153 Days
16 Kings Mews, Hexham, Northumberland, NE46 1BG£165,000£165,000£0025 Jul 202303 Jan 2024162 Days
11 Priestlands Drive, Hexham, Northumberland, NE46 2AL£170,000£170,000£0030 Aug 202319 Dec 2023111 Days
15 Woodside, Hexham, Northumberland, NE46 1HU£465,000£465,000£0004 Aug 202313 Dec 2023131 Days
9 Millfield Terrace, Hexham, Northumberland, NE46 3EH£325,000£315,000-£10,00021 Jul 202308 Dec 2023140 Days
7 Collingwood Drive, Hexham, Northumberland, NE46 2JA£365,000£365,000£0004 Oct 202306 Dec 202363 Days
1 Ethel Terrace, Hexham, Northumberland, NE46 3DA£165,000£158,000-£7,00011 Apr 202304 Dec 2023237 Days
1 Priestlands Grove, Hexham, Northumberland, NE46 2AP£162,500£157,000-£5,50006 Jul 202328 Nov 2023145 Days
20 St Wilfrids Road, Hexham, Northumberland, NE46 2EA£115,000£115,000£0027 Jun 202323 Nov 2023149 Days
34 Collingwood Drive, Hexham, Northumberland, NE46 2JA£425,000£425,000£0003 Jun 202316 Nov 2023166 Days

Most Expensive Streets in Hexham

PostcodeStreetAreaAverageNo. of Sales
NE46 2NBAllendale RoadHexham£689,5005
NE46 2HDElvaston RoadHexham£688,6663
NE46 3AGBeech HillHexham£661,0005
NE46 2HTElvaston Park RoadHexham£614,4005
NE46 4JXPriory DriveHexham£610,0003
NE46 1AQPark WellHexham£579,0005
NE46 2HHElvaston RoadHexham£562,5756
NE46 3BALeazes LaneHexham£551,6663
NE46 3DSShaftoe CrescentHexham£525,3217
NE46 1EWCoach House DriveHexham£489,99510

Least Expensive Streets in Hexham

PostcodeStreetAreaAverageNo. of Sales
NE46 1PNCounty MillsHexham£28,0003
NE46 3QHStephenson HouseHaugh Lane£55,4005
NE46 3QFGilesgateHexham£70,6663
NE46 3SWPudding MewsHexham£91,05219
NE46 1RNAbbey CourtHexham£104,08928
NE46 3DXRye TerraceHexham£113,6605
NE46 3EUPrior TerraceHexham£114,09011
NE46 1EQAbbey ViewHexham£116,05010
NE46 2BESt Pauls RoadHexham£116,3333
NE46 2ATSt Johns RoadHexham£118,0005

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