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Merthyr Tydfil House Prices Merthyr Tydfil House Prices

The average house price in Merthyr Tydfil is £153,227 using HM Land Registry data.

The average property price increased by £52,503 (41.94%) over the last 5 years and increased by £10,494 (6.28%) over the last 12 months.

Over the last year, there were 302 residential property sales – a decrease of 172 transactions (-56.95%) relative to the previous year. The majority of house sales (85) were in the £118,000 - £156,000 range. Then came properties in the £80,000 - £118,000 range, where 73 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 85 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,833 (-4%).

In April 2024, there were 58 new estate agency instructions, 33 agreed home sales and 39 property price reductions.

Neighbouring Areas: Troedyrhiw and Pentrebach

Postcodes Covered: CF47, CF48

5-Year Average Property Prices in Merthyr Tydfil

41.94%

Property prices in Merthyr Tydfil increased by 41.94% 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 Merthyr Tydfil Over the Last Year

6.28%

Property prices in Merthyr Tydfil increased by 6.28% 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 Merthyr Tydfil - 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 Merthyr Tydfil

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 Merthyr Tydfil

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 Merthyr Tydfil

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 Merthyr Tydfil since 1995

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

Recent Property Sales in Merthyr Tydfil

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
17 Railway Terrace, Merthyr Tydfil, CF47 0YB£120,000£110,000-£10,00001 Aug 202312 Mar 2024224 Days
15 Walters Terrace, Merthyr Tydfil, CF47 0SP£99,950£90,000-£9,95002 Oct 202327 Feb 2024148 Days
16 South Terrace, Cefn Coed, Merthyr Tydfil, CF48 2RL£150,000£150,000£0006 Sep 202309 Feb 2024156 Days
3 St Lukes Close, Pant, Merthyr Tydfil, CF48 2DT£150,000£135,000-£15,00001 Jul 202329 Jan 2024212 Days
11 Conway Grove, Merthyr Tydfil, CF48 1JJ£210,000£202,500-£7,50020 Oct 202326 Jan 202498 Days
56 Gwladys Street, Pant, Merthyr Tydfil, CF48 2AU£140,000£127,000-£13,00025 Apr 202319 Jan 2024269 Days
37 Riverside Park, Merthyr Tydfil, CF47 8PQ£157,000£150,000-£7,00008 Sep 202319 Dec 2023102 Days
40 Bryn Carwyn, Dowlais, Merthyr Tydfil, CF48 3DY£95,000£95,000£0016 Aug 202318 Dec 2023124 Days
38 Bryntaf, Cefn Coed, Merthyr Tydfil, CF48 2PU£180,000£177,500-£2,50010 Aug 202318 Dec 2023130 Days
19 Tai Penyard, Merthyr Tydfil, CF47 0LP£110,000£105,000-£5,00007 Dec 202308 Dec 20231 Days
9 North Street, Penydarren, Merthyr Tydfil, CF47 9HW£100,000£93,000-£7,00010 Jun 202308 Dec 2023181 Days
21 Tanybryn Place, Merthyr Tydfil, CF47 9EJ£94,950£83,500-£11,45008 Sep 202307 Dec 202390 Days
3 Hafod Cottages, Pant, Merthyr Tydfil, CF48 2AP£100,000£90,000-£10,00005 Feb 202305 Dec 2023303 Days
55 Brecon Rise, Pant, Merthyr Tydfil, CF48 2EE£230,000£220,000-£10,00015 Aug 202305 Dec 2023112 Days
25 Trevethick Street, Merthyr Tydfil, CF47 0HX£95,000£90,000-£5,00026 Jun 202301 Dec 2023158 Days
40 Brynhyfryd Street, Merthyr Tydfil, CF47 9YN£170,000£170,000£0008 Sep 202301 Dec 202384 Days
44 Brecon Rise, Pant, Merthyr Tydfil, CF48 2BW£265,000£255,000-£10,00019 Jun 202301 Dec 2023165 Days
89 Heolgerrig, Merthyr Tydfil, CF48 1SB£179,950£170,000-£9,95027 Aug 202327 Nov 202392 Days
4 Milbourne Terrace, Merthyr Tydfil, CF47 0UG£165,000£160,000-£5,00004 Jul 202317 Nov 2023136 Days
7 New Castle Street, Merthyr Tydfil, CF47 0BH£145,000£90,000-£55,00011 Apr 202310 Nov 2023213 Days

Most Expensive Streets in Merthyr Tydfil

PostcodeStreetAreaAverageNo. of Sales
CF47 8SSCaradoc StreetMerthyr Tydfil£526,8005
CF48 1NSClos CribynMerthyr Tydfil£496,1005
CF48 1RZMaes MeyrickHeolgerrig£418,3333
CF48 1BWHeol Corn DuBeacon Heights£396,6669
CF47 0USCwrt Y MeistrMilbourne Terrace£396,2504
CF47 8EYCyfarthfa CourtGwaelodygarth Lane£395,0007
CF48 1TDHeolgerrigMerthyr Tydfil£370,0003
CF48 1TLWinchfawr ParkHeolgerrig£357,6663
CF47 8YRThe GroveMerthyr Tydfil£352,5004
CF47 0HZThomastown GardensMerthyr Tydfil£350,0003

Least Expensive Streets in Merthyr Tydfil

PostcodeStreetAreaAverageNo. of Sales
CF48 1HFHeol Rhos LasMerthyr Tydfil£63,6874
CF47 8LTGarth StreetMerthyr Tydfil£64,7004
CF48 3PNHigh StreetDowlais Top£66,7506
CF47 9RGChase ViewMerthyr Tydfil£67,3333
CF48 2ABNew HousesPant£68,6663
CF47 8NNBrecon RoadMerthyr Tydfil£72,5004
CF47 0EGTramroadside NorthMerthyr Tydfil£72,6663
CF47 0JEGlyn TegMerthyr Tydfil£73,3128
CF48 3NUUpper RowDowlais£74,9974
CF47 8TBMiles StreetMerthyr Tydfil£75,1663

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