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Lancing and Sompting House Prices Lancing and Sompting House Prices

The average house price in Lancing and Sompting is £362,076 using HM Land Registry data.

The average property price increased by £97,805 (34.32%) over the last 5 years and increased by £19,547 (5.38%) over the last 12 months.

Over the last year, there were 310 residential property sales – a decrease of 181 transactions (-58.39%) relative to the previous year. The majority of house sales (91) were in the £310,000 - £370,000 range. Then came properties in the £370,000 - £430,000 range, where 76 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 £-13,158 (-2%).

In April 2024, there were 81 new estate agency instructions, 58 agreed home sales and 47 property price reductions.

Neighbouring Areas: Shoreham-by-Sea, Worthing

Postcodes Covered: BN15, BN43

5-Year Average Property Prices in Lancing and Sompting

34.32%

Property prices in Lancing and Sompting increased by 34.32% 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 Lancing and Sompting Over the Last Year

5.38%

Property prices in Lancing and Sompting increased by 5.38% 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 Lancing and Sompting - 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 Lancing and Sompting

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 Lancing and Sompting

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 Lancing and Sompting

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 Lancing and Sompting since 1995

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

Recent Property Sales in Lancing and Sompting

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
33 Mountview Road, Sompting, Lancing, West Sussex, BN15 0JZ£325,000£325,000£0016 Nov 202318 Mar 2024123 Days
135 Tower Road, Lancing, West Sussex, BN15 9JP£350,000£300,000-£50,00005 Oct 202226 Feb 2024509 Days
17 Grafton Gardens, Sompting, Lancing, West Sussex, BN15 9SP£375,000£358,500-£16,50021 Jun 202309 Feb 2024233 Days
31 Lynchmere Avenue, Lancing, West Sussex, BN15 0PD£450,000£440,000-£10,00020 Sep 202322 Jan 2024124 Days
5 Alexandra Road, Lancing, West Sussex, BN15 8EJ£350,000£340,000-£10,00021 Jul 202322 Jan 2024185 Days
65 Lynchmere Avenue, Lancing, West Sussex, BN15 0PB£425,000£420,000-£5,00009 Oct 202322 Jan 2024105 Days
73 Manor Road, Lancing, West Sussex, BN15 0HG£585,000£575,000-£10,00001 Sep 202315 Dec 2023105 Days
33 Cokeham Road, Sompting, Lancing, West Sussex, BN15 0AE£375,000£360,000-£15,00001 Jul 202315 Dec 2023167 Days
14 Bramber Close, Sompting, Lancing, West Sussex, BN15 0JA£400,000£375,000-£25,00022 Jun 202312 Dec 2023173 Days
23 The Crescent, Lancing, West Sussex, BN15 8PJ£350,000£350,000£0026 Oct 202307 Dec 202342 Days
54 Ingleside Crescent, Lancing, West Sussex, BN15 8EW£325,000£325,000£0023 Jun 202330 Nov 2023160 Days
8 Roman Walk, Sompting, Lancing, West Sussex, BN15 0DF£375,000£375,000£0026 Oct 202330 Nov 202335 Days
23 Shadwells Road, Lancing, West Sussex, BN15 9EN£375,000£375,000£0010 Mar 202324 Nov 2023259 Days
16 Greenoaks, Lancing, West Sussex, BN15 0HN£500,000£482,500-£17,50008 Jul 202324 Nov 2023139 Days
27 Test Road, Sompting, Lancing, West Sussex, BN15 0EL£350,000£340,000-£10,00030 Jun 202323 Nov 2023146 Days
2 Lancing Close, Lancing, West Sussex, BN15 9NJ£375,000£360,000-£15,00021 Jun 202321 Nov 2023153 Days
28 The Paddocks, Lancing, West Sussex, BN15 8DW£350,000£345,000-£5,00016 Jun 202317 Nov 2023154 Days
17 Arnside Close, Sompting, Lancing, West Sussex, BN15 9TR£349,995£345,000-£4,99501 Apr 202317 Nov 2023230 Days
3 Rectory Walk, Sompting, Lancing, West Sussex, BN15 0DU£350,000£345,000-£5,00026 Oct 202313 Nov 202318 Days
7 Willow Close, Lancing, West Sussex, BN15 8LD£280,000£20,000-£260,00004 Sep 201906 Nov 20231524 Days

Most Expensive Streets in Lancing and Sompting

PostcodeStreetAreaAverageNo. of Sales
BN15 0QDMount WayLancing£828,3333
BN15 0NZFirle RoadLancing£795,0003
BN15 0QERing RoadLancing£701,3128
BN15 8ETBrighton RoadLancing£691,2504
BN15 8LNBrighton RoadLancing£675,0004
BN15 0PAFairview RoadLancing£653,7504
BN15 0QFRing RoadLancing£651,5006
BN15 9FQSmall Copper CloseLancing£593,8889
BN15 8LLBrighton RoadLancing£555,8688
BN15 8LWBrighton RoadLancing£548,3333

Least Expensive Streets in Lancing and Sompting

PostcodeStreetAreaAverageNo. of Sales
BN15 9JFSteyning HouseMiddle Road£119,8754
BN15 8DTFreshbrook CourtFreshbrook Road£127,7504
BN15 8DSFreshbrook RoadLancing£130,70010
BN15 8JUBeachville CourtBrighton Road£133,90010
BN15 0DWMillfieldSompting£140,0005
BN15 0BTSylvan RoadSompting£151,8754
BN15 9PNThe HolliesCrabtree Lane£155,5004
BN15 8PACourtfieldsElm Grove£157,84316
BN15 0JBWestern LodgeCokeham Road£159,6663
BN15 8PBWarnham CourtChester Avenue£161,3005

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