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Ilminster House Prices Ilminster House Prices

The average house price in Ilminster is £298,437 using HM Land Registry data.

The average property price increased by £63,004 (26.93%) over the last 5 years and increased by £12,592 (4.43%) over the last 12 months.

Over the last year, there were 70 residential property sales – a decrease of 37 transactions (-52.86%) relative to the previous year. The majority of house sales (24) were in the £230,000 - £290,000 range. Then came properties in the £170,000 - £230,000 range, where 15 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,022 (-3%).

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

Postcodes Covered: TA19

5-Year Average Property Prices in Ilminster

26.93%

Property prices in Ilminster increased by 26.93% 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 Ilminster Over the Last Year

4.43%

Property prices in Ilminster increased by 4.43% 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 Ilminster - 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 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 Ilminster

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 Ilminster

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 Ilminster

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 Ilminster since 1995

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

Recent Property Sales in Ilminster

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
44 Silver Street, Ilminster, Somerset, TA19 0DR£200,000£190,000-£10,00030 Aug 202326 Jan 2024149 Days
4 Bay Hill, Ilminster, Somerset, TA19 0AT£300,000£298,330-£1,67021 Oct 202325 Jan 202496 Days
22 Highfield, Ilminster, Somerset, TA19 9SR£450,000£440,000-£10,00004 Jul 202322 Jan 2024202 Days
1 High Street, Ilminster, Somerset, TA19 9AW£215,000£215,000£0018 Aug 202319 Dec 2023123 Days
15 Hillview Terrace, Ilminster, Somerset, TA19 9AL£300,000£280,000-£20,00026 Aug 202305 Dec 2023101 Days
1 Walnut Place, Ilminster, Somerset, TA19 0BU£160,000£154,000-£6,00006 Apr 202327 Nov 2023235 Days
Flat 14, Muchelney House, Abbots Close, Ilminster, Somerset, TA19 0EF£65,000£57,500-£7,50027 Nov 202327 Nov 20230 Days
101 Blackdown View, Ilminster, Somerset, TA19 0BE£230,000£212,000-£18,00013 Sep 202313 Nov 202361 Days
13 Ladymeade, Ilminster, Somerset, TA19 0EA£300,000£285,000-£15,00025 May 202324 Oct 2023152 Days
Winterbrook House, Winterhay Lane, Ilminster, Somerset, TA19 9BB£520,000£500,000-£20,00026 Apr 202320 Oct 2023177 Days
10 Walrond Court, Ilminster, Somerset, TA19 0HN£110,000£108,000-£2,00029 May 202328 Sep 2023122 Days
34 Highfield, Ilminster, Somerset, TA19 9SR£250,000£245,000-£5,00016 Jun 202326 Sep 2023102 Days
Flat 2, Key House, Silver Street, Ilminster, Somerset, TA19 0DH£124,950£95,000-£29,95009 May 202226 Sep 2023505 Days
9 West Street, Ilminster, Somerset, TA19 9AA£179,000£174,500-£4,50027 Apr 202322 Sep 2023148 Days
9 Wharf Lane, Ilminster, Somerset, TA19 0DT£250,000£250,000£0014 Apr 202319 Sep 2023158 Days
17 Fairfield, Ilminster, Somerset, TA19 9PE£335,000£330,000-£5,00031 May 202314 Sep 2023106 Days
11 Adams Meadow, Ilminster, Somerset, TA19 9DB£285,000£275,000-£10,00017 Apr 202301 Sep 2023137 Days
35 Adams Meadow, Ilminster, Somerset, TA19 9DB£220,000£210,000-£10,00003 Mar 202324 Aug 2023174 Days
21 Fairfield, Ilminster, Somerset, TA19 9PE£325,000£319,000-£6,00020 Feb 202322 Aug 2023183 Days
28 Summerlands Park Avenue, Ilminster, Somerset, TA19 9BS£235,000£230,000-£5,00019 Apr 202318 Aug 2023121 Days

Most Expensive Streets in Ilminster

PostcodeStreetAreaAverageNo. of Sales
TA19 9BEStation RoadIlminster£569,0004
TA19 0AUTownsendIlminster£544,2504
TA19 0JATownsendIlminster£461,3336
TA19 9AHThe BeaconIlminster£448,92814
TA19 9BDStation RoadIlminster£412,9374
TA19 0ATBay HillIlminster£400,0919
TA19 0EBGreendaleIlminster£386,0005
TA19 9AQThe HeightsIlminster£384,8333
TA19 0BXHeron WayIlminster£363,0003
TA19 0DUCourt BartonIlminster£363,0004

Least Expensive Streets in Ilminster

PostcodeStreetAreaAverageNo. of Sales
TA19 0DJSilver StreetIlminster£95,8333
TA19 0DHKey HouseSilver Street, Ilminster£128,3333
TA19 9ANRutters LaneIlminster£144,8754
TA19 9APHigh StreetIlminster£146,0004
TA19 0DGNorth StreetIlminster£150,6254
TA19 9AAWest StreetIlminster£159,7005
TA19 0DDVictoria CourtSilver Street, Ilminster£164,25012
TA19 9SPWesterly CourtIlminster£169,6663
TA19 0HWHigher MeadIlminster£178,9005
TA19 0AWEast StreetIlminster£186,15616

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