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Market Rasen House Prices Market Rasen House Prices

The average house price in Market Rasen is £122,166 using HM Land Registry data.

The average property price increased by £40,424 (24.75%) over the last 5 years and increased by £8,079 (4.13%) over the last 12 months.

Over the last year, there were 56 residential property sales – a decrease of 43 transactions (-76.79%) relative to the previous year. The majority of house sales (13) were in the £130,000 - £170,000 range. Then came properties in the £170,000 - £210,000 range, where 10 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 29 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,215 (-3%).

In April 2024, there were 12 new estate agency instructions, 3 agreed home sales and 13 property price reductions.

Postcodes Covered: LN8

5-Year Average Property Prices in Market Rasen

24.75%

Property prices in Market Rasen increased by 24.75% 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 Rasen Over the Last Year

4.13%

Property prices in Market Rasen increased by 4.13% 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 Rasen - 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 21 to 40 days, the broad evidence suggests that properties are selling reasonably quickly after being initially advertised and the market is reasonably healthy. If you are prepared to wait to up to 6 weeks, and you are sure that your property is priced realistically, you should get an offer within this timeframe.

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 Rasen

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 Rasen

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 Rasen

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 Rasen since 1995

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

Recent Property Sales in Market Rasen

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
47 Caistor Road, Market Rasen, Lincolnshire, LN8 3HY£250,000£240,000-£10,00018 Oct 202308 Mar 2024142 Days
38 Union Street, Market Rasen, Lincolnshire, LN8 3AA£79,950£72,000-£7,95020 Oct 202319 Jan 202491 Days
49 Serpentine Street, Market Rasen, Lincolnshire, LN8 3AR£89,950£84,500-£5,45028 Jun 202305 Dec 2023160 Days
17 Whitworth Way, Market Rasen, Lincolnshire, LN8 3BU£170,000£157,000-£13,00002 May 202301 Dec 2023213 Days
53 Waterloo Street, Market Rasen, Lincolnshire, LN8 3ES£116,950£115,000-£1,95014 Jul 202303 Nov 2023112 Days
17 Wells Drive, Market Rasen, Lincolnshire, LN8 3EF£279,950£270,000-£9,95018 May 202331 Oct 2023166 Days
51 Anglian Way, Market Rasen, Lincolnshire, LN8 3RP£140,000£139,500-£50018 Aug 202331 Oct 202374 Days
1 Beechers Way, Market Rasen, Lincolnshire, LN8 3FJ£250,000£250,000£0004 Apr 202310 Oct 2023189 Days
Markives, Victoria Road, Market Rasen, Lincolnshire, LN8 3ER£280,000£265,000-£15,00018 Apr 202328 Sep 2023163 Days
43 Caistor Road, Market Rasen, Lincolnshire, LN8 3HY£395,000£350,000-£45,00016 May 202331 Aug 2023107 Days
8 Oxford Street, Market Rasen, Lincolnshire, LN8 3AL£135,000£118,000-£17,00012 Jul 202329 Aug 202348 Days
15 Union Street, Market Rasen, Lincolnshire, LN8 3AA£110,000£110,000£0012 Jun 202324 Aug 202373 Days
16 Anglian Way, Market Rasen, Lincolnshire, LN8 3RP£240,000£230,000-£10,00030 Jan 202316 Aug 2023198 Days
26 The Furlongs, Market Rasen, Lincolnshire, LN8 3DF£170,000£167,000-£3,00030 Mar 202316 Aug 2023139 Days
1 Mill Road, Market Rasen, Lincolnshire, LN8 3BP£300,000£285,000-£15,00021 Feb 202330 Jun 2023129 Days
16 Cedar Close, Market Rasen, Lincolnshire, LN8 3BE£95,000£86,000-£9,00013 Apr 202228 Apr 2023380 Days
8 Wetherby Close, Market Rasen, Lincolnshire, LN8 3EG£265,000£255,000-£10,00025 Jan 202328 Apr 202393 Days
16 Lancaster Drive, Market Rasen, Lincolnshire, LN8 3GX£185,000£185,000£0015 Feb 202327 Apr 202371 Days
4 Church Mill Close, Market Rasen, Lincolnshire, LN8 3JL£175,000£175,000£0007 Feb 202326 Apr 202378 Days
10 Cedar Close, Market Rasen, Lincolnshire, LN8 3BE£97,500£97,500£0015 Jun 202230 Mar 2023288 Days

Most Expensive Streets in Market Rasen

PostcodeStreetAreaAverageNo. of Sales
LN8 3REWillingham RoadMarket Rasen£326,7779
LN8 3JACaistor RoadMarket Rasen£320,4005
LN8 3EYWalesby RoadMarket Rasen£299,24510
LN8 3JJLady Frances DriveMarket Rasen£288,5008
LN8 3HYCaistor RoadMarket Rasen£285,8754
LN8 3FJBeechers WayMarket Rasen£263,6669
LN8 3NUFern DriveMarket Rasen£260,6505
LN8 3WDPlover WalkMarket Rasen£233,5005
LN8 3DYDe Aston FieldsMarket Rasen£225,9005
LN8 3APLammas Leas RoadMarket Rasen£224,28712

Least Expensive Streets in Market Rasen

PostcodeStreetAreaAverageNo. of Sales
LN8 3FAFitzwilliam CourtUnion Street, Market Rasen£67,2147
LN8 3ENQueen StreetMarket Rasen£72,2503
LN8 3BECedar CloseMarket Rasen£90,16212
LN8 3BBKing StreetMarket Rasen£90,4166
LN8 3EHWaverley MewsMarket Rasen£93,2504
LN8 3AAUnion StreetMarket Rasen£99,59011
LN8 3ARSerpentine StreetMarket Rasen£99,8333
LN8 3BGMill StreetMarket Rasen£109,5003
LN8 3AQChapel StreetMarket Rasen£112,1663
LN8 3ASProspect PlaceMarket Rasen£117,8005

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