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Langley Park House Prices Langley Park House Prices

The average house price in Langley Park is £189,000 using HM Land Registry data.

The average property price increased by £26,679 (24.15%) over the last 5 years and increased by £5,332 (4.04%) over the last 12 months.

Over the last year, there were 39 residential property sales – a decrease of 24 transactions (-61.54%) relative to the previous year. The majority of house sales (15) were in the £60,000 - £98,000 range. Then came properties in the £98,000 - £136,000 range, where 11 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 90 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,272 (-3%).

In April 2024, there were 7 new estate agency instructions, 8 agreed home sales and 2 property price reductions.

Postcodes Covered: DH7

5-Year Average Property Prices in Langley Park

24.15%

Property prices in Langley Park increased by 24.15% 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 Langley Park Over the Last Year

4.04%

Property prices in Langley Park increased by 4.04% 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 Langley Park - 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 Langley Park

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 Langley Park

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 Langley Park

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 Langley Park since 1995

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

Recent Property Sales in Langley Park

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
18 Park Drive, Langley Park, Durham, DH7 9TE£104,500£11,000-£93,50005 Jul 201822 Aug 20231874 Days
4 Eldon Close, Langley Park, Durham, County Durham, DH7 9FR£350,000£350,000£0026 Dec 202231 Jul 2023217 Days
8 Springwell Avenue, Langley Park, Durham, County Durham, DH7 9XT£110,000£107,000-£3,00024 Feb 202323 Jun 2023119 Days
21 Davis Crescent, Langley Park, Durham, County Durham, DH7 9UP£85,000£79,000-£6,00013 Oct 202204 May 2023203 Days
7 D'arcy Street, Langley Park, Durham, County Durham, DH7 9YP£85,000£80,000-£5,00004 Oct 202203 Apr 2023181 Days
61 The Crescent, Langley Park, Durham, County Durham, DH7 9UL£100,000£95,000-£5,00029 Jun 202230 Mar 2023274 Days
2 Elm Street, Langley Park, Durham, County Durham, DH7 9SU£65,000£56,000-£9,00030 Nov 202229 Mar 2023119 Days
16 Finings Street, Langley Park, Durham, County Durham, DH7 9UE£75,000£62,500-£12,50002 Dec 202221 Mar 2023109 Days
53 Park Drive, Langley Park, Durham, County Durham, DH7 9TE£135,000£130,000-£5,00030 Sep 202203 Feb 2023126 Days
4 Dale Street, Langley Park, Durham, County Durham, DH7 9YW£75,000£75,000£0003 Oct 202201 Feb 2023121 Days
16 Ash Street, Langley Park, Durham, County Durham, DH7 9SZ£72,000£68,000-£4,00004 Aug 202227 Jan 2023176 Days
5 Ash Street, Langley Park, Durham, County Durham, DH7 9SZ£76,000£72,500-£3,50013 Oct 202220 Jan 202399 Days
19 Kings Avenue, Langley Park, Durham, County Durham, DH7 9QH£280,000£273,000-£7,00001 Jul 202206 Jan 2023189 Days
28 The Crescent, Langley Park, Durham, County Durham, DH7 9UN£125,000£122,500-£2,50015 Nov 202220 Dec 202235 Days
9 Davis Crescent, Langley Park, Durham, County Durham, DH7 9UP£140,000£132,000-£8,00003 Aug 202209 Dec 2022128 Days
5 Ivy Terrace, Langley Park, Durham, County Durham, DH7 9XW£139,950£129,000-£10,95017 May 202204 Nov 2022171 Days
5 Lilian Terrace, Langley Park, Durham, County Durham, DH7 9YF£79,950£75,500-£4,45018 Jun 202226 Sep 2022100 Days
33 Finings Avenue, Langley Park, Durham, County Durham, DH7 9UH£134,950£130,000-£4,95030 Jun 202223 Sep 202285 Days
1 Maplewood Court, Langley Park, Durham, County Durham, DH7 9FZ£289,950£289,950£0021 May 202223 Sep 2022125 Days
50 Park Drive, Langley Park, Durham, County Durham, DH7 9TE£120,000£110,000-£10,00014 Apr 202226 Aug 2022134 Days

Most Expensive Streets in Langley Park

PostcodeStreetAreaAverageNo. of Sales
DH7 9YBFront StreetLangley Park£540,0001
DH7 9THWallnook LaneLangley Park£499,0001
DH7 9TLOld Station YardLangley Park£490,0501
DH7 9TPWallnook CourtWallnook Lane£352,7504
DH7 9FREldon CloseLangley Park£350,0001
DH7 9FZMaplewood CourtLangley Park£290,9752
DH7 9FPRamshaw CloseLangley Park£278,5501
DH7 9FGCedar CourtLangley Park£278,0004
DH7 9FFWillow ParkLangley Park£257,6663
DH7 9XLBeech CourtLangley Park£250,0001

Least Expensive Streets in Langley Park

PostcodeStreetAreaAverageNo. of Sales
DH7 9SXYew TerraceLangley Park£39,0001
DH7 9XEProspect HouseFront Street, Langley Park£39,9991
DH7 9STOak StreetLangley Park£49,6663
DH7 9UFClifford StreetLangley Park£57,5002
DH7 9XXSpringwell CloseLangley Park£57,5002
DH7 9XPAged Miners HomesLangley Park£57,7624
DH7 9XBFront StreetLangley Park£60,0001
DH7 9YLGeorge StreetLangley Park£60,09011
DH7 9SWLaurel TerraceLangley Park£63,2503
DH7 9XGIrene TerraceLangley Park£63,7502

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