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Morecambe House Prices Morecambe House Prices

The average house price in Morecambe is £175,809 using HM Land Registry data.

The average property price increased by £45,845 (30.35%) over the last 5 years and increased by £9,165 (4.88%) over the last 12 months.

Over the last year, there were 382 residential property sales – a decrease of 175 transactions (-45.81%) relative to the previous year. The majority of house sales (104) were in the £144,000 - £188,000 range. Then came properties in the £188,000 - £232,000 range, where 75 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 74 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,503 (-3%).

In June 2024, there were 91 new estate agency instructions, 72 agreed home sales and 65 property price reductions.

Neighbouring Areas: Heysham, Lancaster

Postcodes Covered: LA1, LA3, LA4

5-Year Average Property Prices in Morecambe

30.35%

Property prices in Morecambe increased by 30.35% 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 Morecambe Over the Last Year

4.88%

Property prices in Morecambe increased by 4.88% 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 Morecambe - June 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 Morecambe

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 Morecambe

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 Morecambe

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 Morecambe since 1995

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

Recent Property Sales in Morecambe

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
29 Duddon Close, Morecambe, Lancashire, LA3 3SW£240,000£238,500-£1,50010 Feb 202417 May 202497 Days
11 Hexham Road, Morecambe, Lancashire, LA4 6QB£275,000£265,000-£10,00012 Jul 202315 May 2024308 Days
30 Stanhope Avenue, Morecambe, Lancashire, LA3 3AL£189,950£185,000-£4,95012 Jan 202409 May 2024118 Days
3 Sulby Grove, Morecambe, Lancashire, LA4 6HD£305,000£285,000-£20,00015 Nov 202329 Apr 2024166 Days
19 Fairlea Avenue, Morecambe, Lancashire, LA4 6JY£334,950£332,500-£2,45017 Oct 202324 Apr 2024190 Days
72 Oak Avenue, Morecambe, Lancashire, LA4 6HY£270,000£250,000-£20,00019 Feb 202422 Apr 202463 Days
12 Akeman Close, Morecambe, Lancashire, LA3 3BP£209,950£209,950£0017 Jan 202412 Apr 202486 Days
22 Carleton Street, Morecambe, Lancashire, LA4 4NY£120,000£108,500-£11,50030 Aug 202310 Apr 2024224 Days
45 Elms Drive, Morecambe, Lancashire, LA4 6DG£349,950£332,500-£17,45006 Nov 202309 Apr 2024155 Days
57 Kayswell Road, Morecambe, Lancashire, LA4 6PY£179,950£170,000-£9,95022 Sep 202309 Apr 2024200 Days
41 Monkswood Avenue, Morecambe, Lancashire, LA4 6TW£149,950£145,000-£4,95008 Nov 202305 Apr 2024149 Days
36 Kensington Road, Morecambe, Lancashire, LA4 5LX£125,000£120,000-£5,00017 Jul 202305 Apr 2024263 Days
19 Warley Avenue, Morecambe, Lancashire, LA3 3AS£169,950£158,000-£11,95023 Jan 202405 Apr 202473 Days
38 Ellis Drive, Morecambe, Lancashire, LA4 6DN£295,000£240,000-£55,00018 Aug 202304 Apr 2024230 Days
14 Nicholson Crescent, Morecambe, Lancashire, LA4 6UE£105,000£93,500-£11,50031 Jan 202404 Apr 202464 Days
34 Anstable Road, Morecambe, Lancashire, LA4 6TQ£359,950£345,000-£14,95006 Nov 202328 Mar 2024143 Days
9 Foxholes Road, Morecambe, Lancashire, LA4 6EL£214,950£192,500-£22,45008 Jan 202428 Mar 202480 Days
37 Osborne Grove, Morecambe, Lancashire, LA4 4PN£220,000£210,000-£10,00001 Dec 202328 Mar 2024118 Days
29 Wakefield Avenue, Morecambe, Lancashire, LA4 6DY£295,000£282,500-£12,50005 Jan 202421 Mar 202476 Days
31 St Albans Road, Morecambe, Lancashire, LA4 6RA£160,000£153,000-£7,00017 Oct 202320 Mar 2024155 Days

Most Expensive Streets in Morecambe

PostcodeStreetAreaAverageNo. of Sales
LA4 5BQBroadwayMorecambe£487,8336
LA3 3EJOxcliffe RoadHeaton With Oxcliffe£484,6663
LA4 6PQBuseph DriveMorecambe£415,6005
LA4 6DJMount AvenueMorecambe£396,6663
LA4 5XXBroadwayMorecambe£372,4836
LA4 6JBWoodrushMorecambe£372,0559
LA4 5BJBroadwayMorecambe£364,8577
LA4 5XYBroadwayMorecambe£331,4005
LA4 5FDBroadway OneDallam Avenue£327,98050
LA4 5ABMarine Road CentralMorecambe£320,0003

Least Expensive Streets in Morecambe

PostcodeStreetAreaAverageNo. of Sales
LA4 4DJWest End RoadMorecambe£54,8333
LA4 5LGRibblesdale CourtMorecambe£55,67814
LA3 1QEYorkshire StreetMorecambe£73,3333
LA4 4JPBalmoral RoadMorecambe£74,5003
LA4 5HEMorecambe StreetMorecambe£74,9833
LA4 4HRClarendon Road EastMorecambe£78,3333
LA4 4DLWest End RoadMorecambe£79,4874
LA1 5TGLancambe CourtLancaster£79,60010
LA4 5NSPrimrose CourtMorecambe£81,7857
LA4 5LEEuston RoadMorecambe£82,3333

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