Luton House Prices Luton House Prices

The average house price in Luton is £308,044 using HM Land Registry data.

The average property price increased by £76,284 (30.52%) over the last 5 years and increased by £15,247 (4.9%) over the last 12 months.

Over the last year, there were 1,470 residential property sales – a decrease of 813 transactions (-55.31%) relative to the previous year. The majority of house sales (384) were in the £268,000 - £322,000 range. Then came properties in the £322,000 - £376,000 range, where 312 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 £-10,924 (-2%).

In April 2024, there were 295 new estate agency instructions, 180 agreed home sales and 139 property price reductions.

5-Year Average Property Prices in Luton

30.52%

Property prices in Luton increased by 30.52% 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 Luton Over the Last Year

4.9%

Property prices in Luton increased by 4.9% 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 Luton - 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 Luton

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 Luton

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 Luton

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 Luton since 1995

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

Recent Property Sales in Luton

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
24 Western Way, Dunstable, Central Bedfordshire, LU5 4QS£330,000£320,000-£10,00013 Sep 202314 Mar 2024183 Days
8 Staveley Road, Luton, LU4 0DG£300,000£300,000£0009 Jan 202411 Mar 202462 Days
42 Riddy Lane, Luton, LU3 2AG£450,000£425,000-£25,00024 Oct 202306 Mar 2024134 Days
57 The Avenue, Luton, LU4 9AF£270,000£265,000-£5,00030 Nov 202306 Mar 202497 Days
24 Conway Road, Luton, LU4 8JA£400,000£395,000-£5,00030 Oct 202328 Feb 2024121 Days
32 Jubilee Street, Luton, LU2 0EA£240,000£237,000-£3,00021 Nov 202328 Feb 202499 Days
67 Whitwell Close, Luton, LU3 4BT£310,000£305,000-£5,00009 Nov 202326 Feb 2024109 Days
108 Somerset Avenue, Luton, LU2 0PN£325,000£318,000-£7,00029 Aug 202323 Feb 2024178 Days
13 Allenby Avenue, Dunstable, Central Bedfordshire, LU5 4QB£360,000£350,000-£10,00021 Aug 202313 Feb 2024176 Days
1 High Wood Close, Luton, LU1 5RZ£340,000£322,000-£18,00013 Nov 202312 Feb 202491 Days
34 Browning Road, Luton, LU4 0LE£325,000£317,500-£7,50026 Oct 202306 Feb 2024103 Days
79 Peartree Road, Luton, LU2 8AZ£280,000£260,000-£20,00017 May 202302 Feb 2024261 Days
52 Grosvenor Road, Luton, LU3 2EG£350,000£313,000-£37,00024 Jul 202329 Jan 2024189 Days
34 Langford Drive, Luton, LU2 9AJ£350,000£320,000-£30,00008 Aug 202329 Jan 2024174 Days
99 Runfold Avenue, Luton, LU3 2EL£280,000£280,000£0030 Oct 202326 Jan 202488 Days
51 Axe Close, Luton, LU3 3LT£280,000£280,000£0016 Oct 202326 Jan 2024102 Days
24 Broadacres, Luton, LU2 7YF£465,000£428,500-£36,50024 Jun 202325 Jan 2024215 Days
66 Rochford Drive, Luton, LU2 8SR£190,000£190,000£0029 Aug 202312 Jan 2024136 Days
42 Markham Crescent, Dunstable, Central Bedfordshire, LU5 4SS£375,000£370,000-£5,00005 Sep 202312 Jan 2024129 Days
49 Markham Crescent, Dunstable, Central Bedfordshire, LU5 4SS£375,000£370,000-£5,00004 Sep 202308 Jan 2024126 Days

Most Expensive Streets in Luton

PostcodeStreetAreaAverageNo. of Sales
LU2 7HPOld Bedford RoadLuton£828,3333
LU2 7EHOld Bedford RoadLuton£802,5004
LU2 7EQOld Bedford RoadLuton£756,8336
LU3 2BBBarton RoadLuton£705,0003
LU1 3RWLudlow AvenueLuton£699,9378
LU1 3SRWhitehill AvenueLuton£638,3333
LU2 7BLOld Bedford RoadLuton£630,8336
LU3 3NHBarton RoadLuton£613,7504
LU2 7TNSunset DriveLuton£604,5003
LU2 7LJFelstead WayLuton£584,55518

Least Expensive Streets in Luton

PostcodeStreetAreaAverageNo. of Sales
LU1 1QHCardiff GroveLuton£71,2005
LU4 8FRTrilby CourtBongrace Walk£79,4755
LU4 8JWDunstable RoadLuton£80,1005
LU1 5FTDumfries StreetLuton£81,0349
LU3 1BNMalzeard CourtMalzeard Road£82,3333
LU4 9BDBrocket CourtVincent Road£85,5004
LU1 2QPGordon StreetLuton£87,3333
LU4 8AAOak RoadLuton£91,6663
LU1 5AHWellington StreetLuton£102,5005
LU2 7SGAstra CourtColin Road£103,2504

Explore Luton and Neighbouring Area House Prices