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Monmouth House Prices Monmouth House Prices

The average house price in Monmouth is £398,750 using HM Land Registry data.

The average property price increased by £86,395 (32.69%) over the last 5 years and increased by £17,267 (5.18%) over the last 12 months.

Over the last year, there were 112 residential property sales – a decrease of 53 transactions (-47.32%) relative to the previous year. The majority of house sales (25) were in the £248,000 - £316,000 range. Then came properties in the £180,000 - £248,000 range, where 21 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 118 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,918 (-1%).

In April 2024, there were 17 new estate agency instructions, 21 agreed home sales and 14 property price reductions.

Postcodes Covered: NP25

5-Year Average Property Prices in Monmouth

32.69%

Property prices in Monmouth increased by 32.69% 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 Monmouth Over the Last Year

5.18%

Property prices in Monmouth increased by 5.18% 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 Monmouth - 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 Monmouth

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 Monmouth

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 Monmouth

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 Monmouth since 1995

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

Recent Property Sales in Monmouth

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Monnow Lodge, Osbaston Road, Monmouth, Monmouthshire, NP25 3AX£399,000£387,500-£11,50011 Sep 202322 Mar 2024193 Days
7 Woodland View, Wyesham, Monmouth, Monmouthshire, NP25 3JN£150,000£128,000-£22,00006 Sep 202308 Mar 2024184 Days
16 Rushey Meadow, Monmouth, Monmouthshire, NP25 5BT£450,000£430,000-£20,00026 Sep 202309 Feb 2024136 Days
34 Rushey Meadow, Monmouth, Monmouthshire, NP25 5BT£225,000£225,000£0011 Sep 202329 Jan 2024140 Days
4 The Gardens, Monmouth, Monmouthshire, NP25 3HF£360,000£315,000-£45,00016 Jun 202319 Jan 2024217 Days
125 Carbonne Close, Monmouth, Monmouthshire, NP25 5EG£140,000£140,000£0024 Oct 202319 Jan 202487 Days
1 York Close, Monmouth, Monmouthshire, NP25 5UJ£265,000£260,000-£5,00023 Aug 202318 Dec 2023117 Days
10 Jordan Gardens, Monmouth, Monmouthshire, NP25 5ED£540,000£537,500-£2,50016 Aug 202307 Dec 2023113 Days
6 Wallis Close, Osbaston, Monmouth, Monmouthshire, NP25 3NS£435,000£432,500-£2,50025 Apr 202327 Nov 2023216 Days
13 Chapel Close, Wyesham, Monmouth, Monmouthshire, NP25 3NN£360,000£340,000-£20,00014 Jul 202313 Nov 2023122 Days
18 Chippenham Court, Monmouth, Monmouthshire, NP25 3UZ£140,000£140,000£0017 Aug 202310 Nov 202385 Days
22 Willow Drive, Monmouth, Monmouthshire, NP25 5DW£459,500£457,500-£2,00015 Jun 202309 Nov 2023147 Days
9 Patterson Way, Monmouth, Monmouthshire, NP25 5BS£390,000£385,000-£5,00003 Aug 202327 Oct 202385 Days
18 Beech Road, Monmouth, Monmouthshire, NP25 5DA£395,000£385,000-£10,00019 May 202326 Oct 2023160 Days
35 Dixton Close, Monmouth, Monmouthshire, NP25 3PJ£330,000£315,000-£15,00006 Jun 202326 Oct 2023142 Days
33 Wonastow Road, Monmouth, Monmouthshire, NP25 5AH£275,000£270,000-£5,00017 Apr 202326 Oct 2023192 Days
2 The Gardens, Monmouth, Monmouthshire, NP25 3HF£425,000£425,000£0030 Mar 202306 Oct 2023190 Days
40 Monnow Keep, Monmouth, Monmouthshire, NP25 3EX£299,950£285,000-£14,95016 May 202322 Sep 2023129 Days
Wrekin, Prospect Road, Osbaston, Monmouth, Monmouthshire, NP25 3SZ£415,000£415,000£0023 May 202320 Sep 2023120 Days
53 Cornpoppy Avenue, Monmouth, Monmouthshire, NP25 5SD£235,000£225,000-£10,00025 May 202315 Sep 2023113 Days

Most Expensive Streets in Monmouth

PostcodeStreetAreaAverageNo. of Sales
NP25 3ABThe MountMonmouth£811,6663
NP25 5ATWatery LaneMonmouth£793,7504
NP25 3HRHighfield RoadOsbaston£715,0003
NP25 3HQHereford RoadMonmouth£631,6663
NP25 3HHHereford RoadMonmouth£591,6666
NP25 3NZMonk StreetMonmouth£571,5004
NP25 3DGGlendower StreetMonmouth£561,0003
NP25 3PRNew Dixton RoadMonmouth£539,5836
NP25 3PAThe ParadeMonmouth£527,2504
NP25 3HTDuchess RoadOsbaston£516,1427

Least Expensive Streets in Monmouth

PostcodeStreetAreaAverageNo. of Sales
NP25 5HAHomeforge HouseGoldwire Lane£93,80020
NP25 3EQMonnow StreetMonmouth£122,8333
NP25 3UZChippenham CourtMonmouth£124,42814
NP25 5EGCarbonne CloseMonmouth£132,4833
NP25 5EFCarbonne CloseMonmouth£142,6663
NP25 3PTKingsmead CourtThe Oldway Centre£147,0008
NP25 3TFKymin LeaWyesham£158,3688
NP25 5TNWyefield CourtMonmouth£170,4874
NP25 5BQKings FeeMonmouth£175,3889
NP25 5AQGoldwire LaneMonmouth£176,4166

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