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Houghton-le-Spring House Prices

The average house price in Houghton-le-Spring is £166,500 using HM Land Registry data.

The average property price increased by £23,263 (19.6%) over the last 5 years and increased by £4,650 (3.39%) over the last 12 months.

Over the last year, there were 102 residential property sales – a decrease of 38 transactions (-37.25%) relative to the previous year. The majority of house sales (30) were in the £98,000 - £136,000 range. Then came properties in the £60,000 - £98,000 range, where 25 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 68 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,299 (-3%).

In June 2024, there were 23 new estate agency instructions, 24 agreed home sales and 14 property price reductions.

5-Year Average Property Prices in Houghton-le-Spring

19.6%

Property prices in Houghton-le-Spring increased by 19.6% 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 Houghton-le-Spring Over the Last Year

3.39%

Property prices in Houghton-le-Spring increased by 3.39% 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 Houghton-le-Spring - June 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 Houghton-le-Spring

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 Houghton-le-Spring

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 Houghton-le-Spring

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 Houghton-le-Spring since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Houghton-le-Spring area since 1995.

Recent Property Sales in Houghton-le-Spring

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
21 Brookside, Houghton Le Spring, Tyne And Wear, DH5 9NW	£169,950	£169,950	£00	25 Aug 2023	24 Apr 2024	243 Days
13 Southburn Close, Houghton Le Spring, Tyne And Wear, DH4 5DN	£122,000	£120,000	-£2,000	14 Nov 2023	19 Apr 2024	157 Days
57 Bridle Way, Houghton Le Spring, Tyne And Wear, DH5 8NQ	£250,000	£250,000	£00	25 May 2023	27 Mar 2024	307 Days
2 Newburn Crescent, Houghton Le Spring, Tyne And Wear, DH4 5HG	£110,000	£108,000	-£2,000	01 Dec 2023	22 Mar 2024	112 Days
77 Brinkburn Crescent, Houghton Le Spring, Tyne And Wear, DH4 5HB	£125,000	£125,000	£00	13 Oct 2023	01 Mar 2024	140 Days
74 Leeholme, Houghton Le Spring, Tyne And Wear, DH5 8HR	£155,000	£151,500	-£3,500	08 Jun 2023	28 Feb 2024	265 Days
21 Long Acre, Houghton Le Spring, Tyne And Wear, DH4 5PY	£145,000	£138,000	-£7,000	08 Jun 2023	09 Feb 2024	246 Days
5 Edwin Street, Houghton Le Spring, Tyne And Wear, DH5 8AR	£35,000	£32,750	-£2,250	08 Nov 2023	31 Jan 2024	84 Days
4 Chaucer Street, Houghton Le Spring, Tyne And Wear, DH4 5AU	£85,000	£85,000	£00	03 Jul 2023	05 Jan 2024	186 Days
12 Harle Close, Houghton Le Spring, Tyne And Wear, DH4 5JJ	£200,000	£195,000	-£5,000	11 Sep 2023	05 Jan 2024	116 Days
22 Brinkburn Crescent, Houghton Le Spring, Tyne And Wear, DH4 5HE	£120,000	£110,000	-£10,000	09 Oct 2023	05 Jan 2024	88 Days
11 Mount Pleasant, Houghton Le Spring, Tyne And Wear, DH5 8AQ	£350,000	£330,000	-£20,000	19 Sep 2023	13 Dec 2023	85 Days
11 Cross Street, Houghton Le Spring, Tyne And Wear, DH4 5AJ	£80,000	£70,000	-£10,000	10 May 2022	11 Dec 2023	580 Days
Melrose, Warwick Drive, Houghton Le Spring, Tyne And Wear, DH5 8JR	£550,000	£500,000	-£50,000	28 Jun 2023	24 Nov 2023	149 Days
22 Coptleigh, Houghton Le Spring, Tyne And Wear, DH5 8JD	£155,000	£155,000	£00	21 Aug 2023	20 Nov 2023	91 Days
66 Nine Lands, Houghton Le Spring, Tyne And Wear, DH4 5QD	£169,950	£160,000	-£9,950	02 Aug 2023	10 Nov 2023	100 Days
48 Fountains Crescent, Houghton Le Spring, Tyne And Wear, DH4 5LN	£119,950	£119,950	£00	07 Jul 2023	25 Oct 2023	110 Days
13 Mill Terrace, Houghton Le Spring, Tyne And Wear, DH5 9NR	£140,000	£132,500	-£7,500	21 Jul 2023	25 Oct 2023	96 Days
50 Houghtonside, Houghton Le Spring, Tyne And Wear, DH4 4BW	£79,950	£78,000	-£1,950	05 Jul 2023	20 Oct 2023	107 Days
21 Kirknewton Close, Houghton Le Spring, Tyne And Wear, DH5 8EY	£100,000	£90,000	-£10,000	19 Apr 2023	13 Oct 2023	177 Days

Most Expensive Streets in Houghton-le-Spring

Postcode	Street	Area	Average	No. of Sales
DH5 8AE	Nesham Place	Houghton Le Spring	£381,833	6
DH5 8NT	The Grove	Houghton Le Spring	£348,850	5
DH5 8AG	Nesham Place	Houghton Le Spring	£302,333	3
DH5 8JX	Gillas Lane West	Houghton Le Spring	£296,250	4
DH5 8QA	Lingfield	Houghton Le Spring	£274,800	5
DH5 8NX	Dunholm Close	Houghton Le Spring	£265,666	3
DH5 8JE	Coptleigh	Houghton Le Spring	£237,166	6
DH5 8NR	Burn Crook	Houghton Le Spring	£224,833	3
DH5 8NL	Mill Hill	Houghton Le Spring	£213,316	3
DH5 8LB	Gillas Lane East	Houghton Le Spring	£212,500	4

Least Expensive Streets in Houghton-le-Spring

Postcode	Street	Area	Average	No. of Sales
DH5 8BD	Baker Street	Houghton Le Spring	£43,125	4
DH5 8BA	Balfour Street	Houghton Le Spring	£51,166	3
DH4 5DS	Bernard Street	Houghton Le Spring	£53,100	5
DH4 4DS	Lumley Street	Houghton Le Spring	£57,500	4
DH4 4EA	Gertrude Street	Houghton Le Spring	£58,421	7
DH5 8AS	Henry Street	Houghton Le Spring	£63,875	4
DH5 8LG	Moore Crescent South	Houghton Le Spring	£65,290	5
DH5 8AZ	Outram Street	Houghton Le Spring	£65,625	4
DH5 8LE	Waller Terrace	Houghton Le Spring	£66,750	4
DH4 4DP	Hylton Street	Houghton Le Spring	£68,500	3