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Middlesbrough House Prices Middlesbrough House Prices

The average house price in Middlesbrough is £155,946 using HM Land Registry data.

The average property price increased by £25,450 (17.11%) over the last 5 years and increased by £5,088 (3.01%) over the last 12 months.

Over the last year, there were 1,448 residential property sales – a decrease of 615 transactions (-42.47%) relative to the previous year. The majority of house sales (321) were in the £106,000 - £152,000 range. Then came properties in the £60,000 - £106,000 range, where 314 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 64 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,225 (-2%).

In Oct 24, there were 287 new estate agency instructions, 215 agreed home sales and 170 property price reductions.

Neighbouring Areas: Billingham, Eston, Thornaby-on-Tees

Postcodes Covered: TS1, TS17, TS2, TS3, TS4, TS5, TS6, TS7, TS8

5-Year Average Property Prices in Middlesbrough

17.11%

Property prices in Middlesbrough increased by 17.11% 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 Middlesbrough Over the Last Year

3.01%

Property prices in Middlesbrough increased by 3.01% 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 Middlesbrough - Oct 24

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 Middlesbrough

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 Middlesbrough

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 Middlesbrough

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 Middlesbrough since 1995

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

Recent Property Sales in Middlesbrough

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
5a, Low Lane, Middlesbrough, TS5 8DY£60,000£56,000-£4,00009 May 202428 Aug 2024111 Days
38 Tasmania Square, Marton In Cleveland, Middlesbrough, TS7 8NS£220,000£220,000£0025 Apr 202421 Aug 2024118 Days
110 West Lane, Middlesbrough, TS5 4EJ£90,000£85,000-£5,00026 Mar 202419 Aug 2024146 Days
19 Boston Drive, Marton In Cleveland, Middlesbrough, TS7 8LZ£250,000£230,000-£20,00025 Mar 202415 Aug 2024143 Days
63 Beechfield, Coulby Newham, Middlesbrough, TS8 0TY£170,000£165,000-£5,00012 Aug 202415 Aug 20243 Days
8 Broadgate Road, Middlesbrough, TS5 5LP£209,950£208,750-£1,20010 Feb 202412 Aug 2024184 Days
52 Spencerfield Crescent, Middlesbrough, TS3 9HD£94,950£94,950£0030 Apr 202409 Aug 2024101 Days
7 Reeth Road, Middlesbrough, TS5 5JN£239,950£230,000-£9,95017 Mar 202409 Aug 2024145 Days
26 Preen Drive, Middlesbrough, TS5 8AJ£199,950£195,000-£4,95007 Apr 202409 Aug 2024124 Days
36 Merrington Avenue, Middlesbrough, TS5 8RH£172,500£170,000-£2,50005 Mar 202409 Aug 2024157 Days
10 Montrose Close, Marton In Cleveland, Middlesbrough, TS7 8LA£220,000£208,000-£12,00029 Apr 202407 Aug 2024100 Days
58 Woodvale, Coulby Newham, Middlesbrough, TS8 0SJ£500,000£500,000£0023 Apr 202407 Aug 2024106 Days
29 South View Terrace, Middlesbrough, TS3 6PT£60,000£56,000-£4,00015 May 202305 Aug 2024448 Days
92 Glendale Road, Middlesbrough, TS5 7NL£164,950£135,000-£29,95023 Jul 201802 Aug 20242202 Days
38 Thomas Street, Middlesbrough, TS3 6JE£55,000£54,000-£1,00008 Feb 202401 Aug 2024175 Days
1 Westbourne Road, Middlesbrough, TS5 5BN£130,000£130,000£0014 Feb 202401 Aug 2024169 Days
9 Kindersley Street, Middlesbrough, TS3 6PW£74,995£66,000-£8,99519 Feb 202430 Jul 2024162 Days
26 Beech Grove Road, Middlesbrough, TS5 6RH£205,000£200,000-£5,00009 Apr 202429 Jul 2024111 Days
15 Aviemore Road, Hemlington, Middlesbrough, TS8 9HW£175,000£175,000£0011 Jun 202425 Jul 202444 Days
14 Tavistock Street, Middlesbrough, TS5 6AX£75,000£70,000-£5,00022 Apr 202424 Jul 202493 Days

Most Expensive Streets in Middlesbrough

PostcodeStreetAreaAverageNo. of Sales
TS7 0PDChurch LaneNunthorpe£741,8007
TS7 0GGWyke LaneNunthorpe£640,0004
TS7 0JUMorton Carr LaneNunthorpe£625,0003
TS7 8AJThe GroveMarton In Cleveland£621,6663
TS7 0GBCollingham DriveNunthorpe£614,1666
TS7 8ALThe GroveMarton In Cleveland£583,7504
TS5 7YZLadgate LaneMiddlesbrough£511,2504
TS7 0DHSessay GrangeNunthorpe£502,59329
TS7 0GANunthorpe GardensNunthorpe£490,9166
TS7 0GHInnes CourtNunthorpe£486,2504

Least Expensive Streets in Middlesbrough

PostcodeStreetAreaAverageNo. of Sales
TS3 6NTWarton StreetMiddlesbrough£36,1993
TS1 4ELOutram StreetMiddlesbrough£37,4996
TS1 4DGPeel StreetMiddlesbrough£38,2484
TS3 0QNNetherfields CrescentMiddlesbrough£38,8577
TS3 6QJJubilee StreetMiddlesbrough£40,0717
TS1 4EHEnfield StreetMiddlesbrough£40,86311
TS3 6JHPeaton StreetMiddlesbrough£42,6568
TS3 6JRHerbert StreetMiddlesbrough£43,4995
TS5 5EUClough CloseMiddlesbrough£43,6508
TS1 4JRFinsbury StreetMiddlesbrough£43,7498

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