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Midsomer Norton House Prices Midsomer Norton House Prices

The average house price in Midsomer Norton is £310,000 using HM Land Registry data.

The average property price increased by £63,556 (24.47%) over the last 5 years and increased by £12,702 (4.09%) over the last 12 months.

Over the last year, there were 143 residential property sales – a decrease of 75 transactions (-52.45%) relative to the previous year. The majority of house sales (40) were in the £232,000 - £294,000 range. Then came properties in the £294,000 - £356,000 range, where 33 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 50 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,624 (-2%).

In April 2024, there were 25 new estate agency instructions, 24 agreed home sales and 12 property price reductions.

Neighbouring Areas: Paulton, Radstock

Postcodes Covered: BA3, BS39

5-Year Average Property Prices in Midsomer Norton

24.47%

Property prices in Midsomer Norton increased by 24.47% 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 Midsomer Norton Over the Last Year

4.09%

Property prices in Midsomer Norton increased by 4.09% 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 Midsomer Norton - 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 Midsomer Norton

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 Midsomer Norton

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 Midsomer Norton

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 Midsomer Norton since 1995

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

Recent Property Sales in Midsomer Norton

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
22 Millfield, Midsomer Norton, Radstock, Bath And North East Somerset, BA3 2PG£350,000£350,000£0010 Jun 202212 Sep 202294 Days
26 Welton Road, Westfield, Radstock, Bath And North East Somerset, BA3 3UD£275,000£275,000£0025 May 202208 Aug 202275 Days
3 Five Arches Close, Midsomer Norton, Radstock, Bath And North East Somerset, BA3 2BU£199,950£198,000-£1,95008 Mar 202205 Aug 2022150 Days
12 Somer Avenue, Midsomer Norton, Radstock, Bath And North East Somerset, BA3 2SB£350,000£350,000£0008 Mar 202204 Aug 2022149 Days
2 Underhill, Gurney Slade, Radstock, Somerset, BA3 4TL£260,000£260,000£0018 May 202204 Aug 202278 Days
6 Manor Close, Farrington Gurney, Bristol, Bath And North East Somerset, BS39 6UT£525,000£525,000£0023 Mar 202228 Jul 2022127 Days
Gales Court, Nettlebridge, Oakhill, Radstock, Somerset, BA3 5AA£1,100,000£975,000-£125,00015 Apr 202227 Jul 2022103 Days
46 Stockhill Road, Chilcompton, Radstock, Somerset, BA3 4JJ£299,950£290,000-£9,95020 Feb 202222 Jul 2022152 Days
7 Longleat Road, Holcombe, Radstock, Somerset, BA3 5DY£259,950£253,000-£6,95029 Aug 202115 Jul 2022320 Days
1 Oaklands, Paulton, Bristol, Bath And North East Somerset, BS39 7RH£319,950£319,950£0014 Mar 202215 Jul 2022123 Days
Middle House, Broadway, Chilcompton, Radstock, Somerset, BA3 4TW£750,000£740,000-£10,00008 Apr 202213 Jul 202296 Days
6 Turners Tower, Radstock, Somerset, BA3 5UP£235,000£225,000-£10,00009 Jun 202208 Jul 202229 Days
Marlborough House, Winterfield Road, Paulton, Bristol, Bath And North East Somerset, BS39 7RQ£322,500£315,000-£7,50026 Dec 202108 Jul 2022194 Days
Porch Cottage, High Street, High Littleton, Bristol, Bath And North East Somerset, BS39 6HW£242,500£242,500£0007 Apr 202230 Jun 202284 Days
Hirwaun, Short Lane, Pensford, Bristol, Bath And North East Somerset, BS39 4DR£385,000£385,000£0024 Jan 202228 Jun 2022155 Days
10 Wallenge Close, Paulton, Bristol, Bath And North East Somerset, BS39 7PY£250,000£250,000£0007 Apr 202228 Jun 202282 Days
4 Kings Oak Meadow, Clutton, Bristol, Bath And North East Somerset, BS39 5SU£450,000£450,000£0017 Feb 202228 Jun 2022131 Days
67 Charlton Road, Midsomer Norton, Radstock, Bath And North East Somerset, BA3 4AF£249,950£244,000-£5,95010 Feb 202224 Jun 2022134 Days
28 Birch Road, Westfield, Radstock, Bath And North East Somerset, BA3 3TP£359,950£356,000-£3,95025 Jan 202217 Jun 2022143 Days
50 Charlton Park, Midsomer Norton, Radstock, Bath And North East Somerset, BA3 4BW£455,000£455,000£0015 Feb 202217 Jun 2022122 Days

Most Expensive Streets in Midsomer Norton

PostcodeStreetAreaAverageNo. of Sales
BA3 5RJLower VobsterRadstock£778,3333
BA3 4SAEmboroughRadstock£756,2504
BS39 4NTHunstreteBristol£747,5005
BS39 4ALStanton LanePensford£745,0003
BS39 4AEStation ApproachPensford£633,0005
BS39 4DNSutton CourtStowey£608,0005
BA3 5QUTadhillLeigh Upon Mendip£606,6663
BS39 5THManor YardBishop Sutton£592,6878
BA3 4TWNewlandsBroadway£573,3333
BA3 5EQBrewery LaneHolcombe£569,5004

Least Expensive Streets in Midsomer Norton

PostcodeStreetAreaAverageNo. of Sales
BA3 5RFDavid King HouseStockhill Court£92,2005
BA3 2DUStanley CourtMidsomer Norton£108,0717
BA3 2HAMill CourtThe Island£108,8333
BS39 5DLGreyfield ViewTemple Cloud£118,7374
BS39 7QEAlpine CottageHigh Street, Paulton£120,3163
BA3 2XLMillards CourtMillards Hill£124,6663
BA3 2NQRedlands TerraceMidsomer Norton£125,1663
BA3 3SNWillow CloseRadstock£128,3333
BA3 3LRHuish CourtRadstock£130,5663
BA3 3FWMarcroft CourtFrome Road£143,53314

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