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Markfield House Prices Markfield House Prices

The average house price in Markfield is £451,125 using HM Land Registry data.

The average property price increased by £106,580 (54.83%) over the last 5 years and increased by £21,301 (7.62%) over the last 12 months.

Over the last year, there were 62 residential property sales – a decrease of 27 transactions (-43.55%) relative to the previous year. The majority of house sales (18) were in the £140,000 - £204,000 range. Then came properties in the £204,000 - £268,000 range, where 12 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 61 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,384 (-4%).

In April 2024, there were 17 new estate agency instructions, 15 agreed home sales and 12 property price reductions.

Postcodes Covered: LE67

5-Year Average Property Prices in Markfield

54.83%

Property prices in Markfield increased by 54.83% 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 Markfield Over the Last Year

7.62%

Property prices in Markfield increased by 7.62% 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 Markfield - 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 Markfield

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 Markfield

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 Markfield

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 Markfield since 1995

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

Recent Property Sales in Markfield

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
52 Leicester Road, Markfield, Leicestershire, LE67 9RE£270,000£260,000-£10,00030 Oct 202307 Mar 2024129 Days
25 Upland Drive, Markfield, Leicestershire, LE67 9WF£92,500£87,500-£5,00019 Jun 202315 Dec 2023179 Days
61 Forest Road, Markfield, Leicestershire, LE67 9UN£340,000£330,000-£10,00022 Jun 202311 Dec 2023172 Days
12 The Coppice, Markfield, Leicestershire, LE67 9QJ£256,000£250,000-£6,00002 Aug 202323 Nov 2023113 Days
2 Beech Walk, Markfield, Leicestershire, LE67 9RS£185,000£185,000£0015 May 202310 Nov 2023179 Days
8 Charnwood Drive, Markfield, Leicestershire, LE67 9RA£425,000£420,000-£5,00014 Apr 202323 Oct 2023192 Days
22 Neville Drive, Markfield, Leicestershire, LE67 9WJ£266,000£250,000-£16,00014 May 202306 Oct 2023145 Days
2 Oak Green, Markfield, Leicestershire, LE67 9RX£150,000£148,000-£2,00023 May 202306 Oct 2023136 Days
6 Wesley Way, Markfield, Leicestershire, LE67 9NA£399,950£385,000-£14,95002 Dec 202208 Sep 2023280 Days
4 Janes Way, Markfield, Leicestershire, LE67 9SW£335,000£317,500-£17,50024 Jan 202308 Sep 2023227 Days
3 Charnwood Drive, Markfield, Leicestershire, LE67 9RA£250,000£250,000£0006 Mar 202307 Sep 2023185 Days
3 Chestnut Walk, Markfield, Leicestershire, LE67 9RU£144,950£143,000-£1,95020 Apr 202304 Sep 2023137 Days
9 Link Rise, Markfield, Leicestershire, LE67 9TY£398,000£385,000-£13,00031 Mar 202322 Aug 2023144 Days
6 The Blossoms, Markfield, Leicestershire, LE67 9SB£200,000£200,000£0014 Mar 202318 Aug 2023157 Days
300 Leicester Road, Markfield, Leicestershire, LE67 9RG£289,950£286,000-£3,95025 Jul 202311 Aug 202317 Days
83 Rectory Road, Markfield, Leicestershire, LE67 9WN£280,000£277,500-£2,50006 Feb 202311 Aug 2023186 Days
64 Forest Road, Markfield, Leicestershire, LE67 9UN£200,000£188,500-£11,50027 Feb 202304 Aug 2023158 Days
10 Poplar Avenue, Markfield, Leicestershire, LE67 9WP£280,000£280,000£0018 May 202304 Aug 202378 Days
23 Meadow Lane, Markfield, Leicestershire, LE67 9WT£160,000£150,000-£10,00001 Mar 202304 Aug 2023156 Days
5 Avery Drive, Markfield, Leicestershire, LE67 9UE£230,000£230,000£0027 Apr 202328 Jul 202392 Days

Most Expensive Streets in Markfield

PostcodeStreetAreaAverageNo. of Sales
LE67 9RPThornton LaneMarkfield£910,1653
LE67 9RJRatby LaneMarkfield£493,8336
LE67 9PQMarkfield LaneMarkfield£453,0836
LE67 9QLCountryman WayMarkfield£414,1666
LE67 9SSThe HawthornsMarkfield£376,6586
LE67 9UBAshby RoadMarkfield£373,99112
LE67 9RELeicester RoadMarkfield£361,2506
LE67 9NAWesley WayMarkfield£359,2504
LE67 9TYLink RiseMarkfield£335,8005
LE67 9SWJanes WayMarkfield£327,5005

Least Expensive Streets in Markfield

PostcodeStreetAreaAverageNo. of Sales
LE67 9RUChestnut WalkMarkfield£131,25010
LE67 9RQPinewood DriveMarkfield£143,40911
LE67 9WWThe RushesMarkfield£143,7374
LE67 9RXOak GreenMarkfield£144,20411
LE67 9SRBeacon CloseMarkfield£157,6663
LE67 9WFUpland DriveMarkfield£158,93015
LE67 9HAThe LaurelsMarkfield£159,4217
LE67 9SGWoodhouse CloseMarkfield£159,5004
LE67 9SBThe BlossomsMarkfield£161,7504
LE67 9WSLillingstone CloseMarkfield£170,3005

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