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Market Drayton House Prices Market Drayton House Prices

The average house price in Market Drayton is £240,694 using HM Land Registry data.

The average property price increased by £101,052 (54.16%) over the last 5 years and increased by £20,196 (7.55%) over the last 12 months.

Over the last year, there were 128 residential property sales – a decrease of 80 transactions (-62.50%) relative to the previous year. The majority of house sales (34) were in the £182,000 - £234,000 range. Then came properties in the £130,000 - £182,000 range, where 25 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 43 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,917 (-3%).

In April 2024, there were 49 new estate agency instructions, 23 agreed home sales and 39 property price reductions.

Postcodes Covered: TF9

5-Year Average Property Prices in Market Drayton

54.16%

Property prices in Market Drayton increased by 54.16% 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 Market Drayton Over the Last Year

7.55%

Property prices in Market Drayton increased by 7.55% 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 Market Drayton - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 Market Drayton

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 Market Drayton

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 Market Drayton

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 Market Drayton since 1995

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

Recent Property Sales in Market Drayton

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
27 Waterside Drive, Market Drayton, Shropshire, TF9 1HU£220,000£198,000-£22,00019 Jun 202308 Mar 2024263 Days
24 Stuart Way, Market Drayton, Shropshire, TF9 3TT£320,000£314,000-£6,00005 Apr 202329 Feb 2024330 Days
45 Stuart Way, Market Drayton, Shropshire, TF9 3TT£225,000£221,000-£4,00005 Jun 202323 Feb 2024263 Days
36 Prospect Road, Market Drayton, Shropshire, TF9 3BQ£400,000£380,000-£20,00011 Sep 202312 Feb 2024154 Days
67 Shropshire Street, Market Drayton, Shropshire, TF9 3DQ£330,000£296,000-£34,00002 Oct 202309 Feb 2024130 Days
40 Rowan Road, Market Drayton, Shropshire, TF9 1RP£300,000£295,000-£5,00005 Sep 202323 Jan 2024140 Days
20 Drayton Grove, Market Drayton, Shropshire, TF9 3AD£250,000£249,000-£1,00021 Aug 202319 Jan 2024151 Days
15 Valley View, Market Drayton, Shropshire, TF9 1EA£279,000£275,000-£4,00019 Jun 202315 Jan 2024210 Days
38 Farcroft Drive, Market Drayton, Shropshire, TF9 3HB£210,000£210,000£0013 Oct 202308 Jan 202487 Days
7 Croft Way, Market Drayton, Shropshire, TF9 3UB£350,000£335,000-£15,00005 May 202319 Dec 2023228 Days
12 Quarry Bank Road, Market Drayton, Shropshire, TF9 1DR£395,000£395,000£0003 Oct 202319 Dec 202377 Days
2 Melrose Crescent, Market Drayton, Shropshire, TF9 1NB£225,000£225,000£0017 May 202304 Dec 2023201 Days
15 Melrose Crescent, Market Drayton, Shropshire, TF9 1NB£285,000£285,000£0022 Jul 202330 Nov 2023131 Days
30 Farcroft Drive, Market Drayton, Shropshire, TF9 3HB£220,000£210,000-£10,00010 Mar 202330 Nov 2023265 Days
Rosecroft, 23, Prospect Road, Market Drayton, Shropshire, TF9 3BQ£365,000£350,000-£15,00016 Aug 202324 Nov 2023100 Days
41 Waterside Drive, Market Drayton, Shropshire, TF9 1HU£255,000£248,000-£7,00030 Jun 202322 Nov 2023145 Days
11 Rowan Road, Market Drayton, Shropshire, TF9 1RD£155,000£145,000-£10,00024 Jun 202315 Nov 2023144 Days
48 Prospect Road, Market Drayton, Shropshire, TF9 3BH£350,000£325,000-£25,00010 Aug 202331 Oct 202382 Days
10 Maple Close, Market Drayton, Shropshire, TF9 1NT£295,000£285,000-£10,00015 Jun 202331 Oct 2023138 Days
21 Portland Drive, Market Drayton, Shropshire, TF9 3HG£139,950£130,000-£9,95010 Jun 202325 Oct 2023137 Days

Most Expensive Streets in Market Drayton

PostcodeStreetAreaAverageNo. of Sales
TF9 1JHBerrisford RoadMarket Drayton£481,6663
TF9 1HPHinsley Mill LaneMarket Drayton£478,3333
TF9 3PJMarley Mount CrescentMarket Drayton£442,5333
TF9 1HSMillfield DriveMarket Drayton£426,10010
TF9 1LTBuntingsdale RoadMarket Drayton£425,0005
TF9 1NDWordsworth DriveMarket Drayton£417,4005
TF9 1JXDog Kennel LaneMarket Drayton£399,3754
TF9 3BQProspect RoadMarket Drayton£385,6005
TF9 1DUTern ViewMarket Drayton£384,70010
TF9 3DQShropshire StreetMarket Drayton£380,2005

Least Expensive Streets in Market Drayton

PostcodeStreetAreaAverageNo. of Sales
TF9 3BURodenhurst HouseFrogmore Road£49,1663
TF9 1PBMercian CourtMarket Drayton£92,10818
TF9 3USBevan WayMarket Drayton£103,4983
TF9 1ARSalisbury RoadMarket Drayton£108,2506
TF9 1QHHawthorn WayMarket Drayton£123,2005
TF9 3TYGoosefield CloseMarket Drayton£124,7506
TF9 3AQVictoria CourtMarket Drayton£130,0003
TF9 1DQDalelands WestMarket Drayton£134,6663
TF9 1EFDrayton Mill CourtMarket Drayton£135,0004
TF9 3BPLongslow RoadMarket Drayton£135,6663

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