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Murton House Prices Murton House Prices

The average house price in Murton is £93,833 using HM Land Registry data.

The average property price increased by £30,735 (32.19%) over the last 5 years and increased by £6,143 (5.12%) over the last 12 months.

Over the last year, there were 72 residential property sales – a decrease of 32 transactions (-44.44%) relative to the previous year. The majority of house sales (21) were in the £80,000 - £110,000 range. Then came properties in the £50,000 - £80,000 range, where 19 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 88 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,065 (-4%).

In April 2024, there were 15 new estate agency instructions, 6 agreed home sales and 10 property price reductions.

Postcodes Covered: SR7

5-Year Average Property Prices in Murton

32.19%

Property prices in Murton increased by 32.19% 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 Murton Over the Last Year

5.12%

Property prices in Murton increased by 5.12% 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 Murton - 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 Murton

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 Murton

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 Murton

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 Murton since 1995

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

Recent Property Sales in Murton

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
2 West View, Murton, Seaham, County Durham, SR7 9PE£113,500£113,500£0007 Sep 202319 Feb 2024165 Days
117 Toft Crescent, Murton, Seaham, County Durham, SR7 9EA£155,000£155,000£0010 Aug 202308 Dec 2023120 Days
13 Matthews Road, Murton, Seaham, County Durham, SR7 9DG£50,000£50,000£0026 Jul 202304 Dec 2023131 Days
2 Knaresborough Road, Murton, Seaham, County Durham, SR7 9RQ£79,950£72,000-£7,95027 Apr 202323 Nov 2023210 Days
2 Melrose Avenue, Murton, Seaham, County Durham, SR7 9SA£139,950£120,000-£19,95002 Jun 202321 Nov 2023172 Days
3 Toft Crescent, Murton, Seaham, County Durham, SR7 9JG£109,950£100,000-£9,95030 May 202320 Nov 2023174 Days
32 Broadoaks, Murton, Seaham, County Durham, SR7 9DL£154,000£150,000-£4,00003 Oct 202314 Nov 202342 Days
8 Wellfield Road, Murton, Seaham, County Durham, SR7 9HL£160,000£156,000-£4,00027 May 202301 Nov 2023158 Days
4 Burnip Road, Murton, Seaham, County Durham, SR7 9EG£110,000£65,000-£45,00002 Mar 201923 Oct 20231696 Days
8 Melrose Avenue, Murton, Seaham, County Durham, SR7 9SA£110,000£105,000-£5,00020 Jul 202320 Oct 202392 Days
27 Grenaby Way, Murton, Seaham, County Durham, SR7 9GW£165,000£75,000-£90,00005 Mar 200919 Oct 20235341 Days
24 Church Lane, Murton, Seaham, County Durham, SR7 9RE£249,950£248,000-£1,95025 May 202313 Oct 2023141 Days
25 Broadoaks, Murton, Seaham, County Durham, SR7 9DL£265,000£261,000-£4,00030 Mar 202311 Oct 2023195 Days
33 Shinwell Terrace, Murton, Seaham, County Durham, SR7 9EN£94,950£90,000-£4,95017 Feb 202306 Oct 2023231 Days
12 Grasmere Terrace, Murton, Seaham, County Durham, SR7 9NU£129,950£117,000-£12,95028 Feb 202301 Sep 2023185 Days
16 Williams Road, Murton, Seaham, County Durham, SR7 9PR£99,950£90,000-£9,95005 May 202321 Aug 2023108 Days
8 Hawthorn Close, Murton, Seaham, County Durham, SR7 9BY£225,000£182,000-£43,00027 Jan 202302 Aug 2023187 Days
11 Porter Terrace, Murton, Seaham, County Durham, SR7 9PZ£80,000£68,000-£12,00020 Mar 202321 Jul 2023123 Days
17 The Avenue, Murton, Seaham, County Durham, SR7 9JB£115,000£107,000-£8,00012 Mar 202318 Jul 2023128 Days
14 Grenaby Way, Murton, Seaham, County Durham, SR7 9GW£190,000£183,000-£7,00030 Mar 202312 Jul 2023104 Days

Most Expensive Streets in Murton

PostcodeStreetAreaAverageNo. of Sales
SR7 9DNVillage FarmMurton£487,5003
SR7 9RNThe VillageMurton£324,0007
SR7 9GZSanton CourtMurton£240,0003
SR7 9DLBroadoaksMurton£211,6124
SR7 9GQRamsey GroveMurton£202,8333
SR7 9HXDouglas WayMurton£182,40020
SR7 9NBFairfield GroveMurton£174,1666
SR7 9TGWinds LonnenMurton£169,8507
SR7 9SEStation Road SouthMurton£165,1124
SR7 9REChurch LaneMurton£164,8126

Least Expensive Streets in Murton

PostcodeStreetAreaAverageNo. of Sales
SR7 9ARJames Street NorthMurton£35,0003
SR7 9AWHenry Street NorthMurton£38,8333
SR7 9JHBeech AvenueMurton£41,6357
SR7 9AXNorth Coronation StreetMurton£41,8333
SR7 9BJOak TerraceMurton£42,5504
SR7 9DDForster AvenueMurton£47,3163
SR7 9ATWatt StreetMurton£48,3333
SR7 9BTWarnebrooke AvenueMurton£52,1005
SR7 9PNRipon TerraceMurton£54,0795
SR7 9JJCedar CrescentMurton£54,7895

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