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Needham Market House Prices Needham Market House Prices

The average house price in Needham Market is £272,083 using HM Land Registry data.

The average property price increased by £77,666 (35.05%) over the last 5 years and increased by £15,522 (5.47%) over the last 12 months.

Over the last year, there were 74 residential property sales – a decrease of 85 transactions (-114.86%) relative to the previous year. The majority of house sales (23) were in the £212,000 - £274,000 range. Then came properties in the £274,000 - £336,000 range, where 13 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 104 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,500 (-2%).

In April 2024, there were 25 new estate agency instructions, 12 agreed home sales and 7 property price reductions.

Postcodes Covered: IP6

5-Year Average Property Prices in Needham Market

35.05%

Property prices in Needham Market increased by 35.05% 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 Needham Market Over the Last Year

5.47%

Property prices in Needham Market increased by 5.47% 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 Needham Market - 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 Needham Market

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 Needham Market

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 Needham Market

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 Needham Market since 1995

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

Recent Property Sales in Needham Market

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
15 Ipswich Road, Needham Market, Ipswich, Suffolk, IP6 8EQ£425,000£425,000£0002 Oct 202316 Feb 2024137 Days
4 Anderson Close, Needham Market, Ipswich, Suffolk, IP6 8UA£235,000£226,000-£9,00010 Jul 202312 Feb 2024217 Days
55 Foxglove Avenue, Needham Market, Ipswich, Suffolk, IP6 8JF£129,950£123,000-£6,95024 Jul 202305 Feb 2024196 Days
25 Steggall Close, Needham Market, Ipswich, Suffolk, IP6 8EB£260,000£250,000-£10,00007 Sep 202318 Dec 2023102 Days
19 Burton Drive, Needham Market, Ipswich, Suffolk, IP6 8XD£450,000£450,000£0029 Jun 202315 Dec 2023169 Days
4 Crown Street, Needham Market, Ipswich, Suffolk, IP6 8AJ£225,000£217,500-£7,50020 Jul 202306 Dec 2023139 Days
Flat 10, Uvedale Court, Coddenham Road, Needham Market, Ipswich, Suffolk, IP6 8AX£99,995£95,000-£4,99501 Aug 202330 Nov 2023121 Days
11 Gipsy Lane, Needham Market, Ipswich, Suffolk, IP6 8DY£335,000£320,000-£15,00026 Apr 202309 Nov 2023197 Days
11 Fairfax Gardens, Needham Market, Ipswich, Suffolk, IP6 8AZ£265,000£260,000-£5,00027 Jun 202309 Nov 2023135 Days
29 Barking Road, Needham Market, Ipswich, Suffolk, IP6 8EZ£475,000£455,000-£20,00005 Sep 202327 Oct 202352 Days
24 Chainhouse Road, Needham Market, Ipswich, Suffolk, IP6 8ER£275,000£267,500-£7,50010 May 202324 Oct 2023167 Days
17 Luff Meadow, Needham Market, Ipswich, Suffolk, IP6 8DP£250,000£250,000£0012 May 202320 Sep 2023131 Days
Flat 12, Uvedale Court, Coddenham Road, Needham Market, Ipswich, Suffolk, IP6 8AX£150,000£150,000£0004 Sep 202304 Sep 20230 Days
13 Chalkeith Road, Needham Market, Ipswich, Suffolk, IP6 8HA£495,000£461,500-£33,50022 Feb 202315 Aug 2023174 Days
81 Stowmarket Road, Needham Market, Ipswich, Suffolk, IP6 8ED£220,000£210,000-£10,00017 Feb 202309 Jun 2023112 Days
97 Hargrave Avenue, Needham Market, Ipswich, Suffolk, IP6 8ES£270,000£270,000£0022 Feb 202319 May 202386 Days
26 High Street, Needham Market, Ipswich, Suffolk, IP6 8AP£425,000£421,000-£4,00004 Jan 202321 Apr 2023107 Days
39 Barking Road, Needham Market, Ipswich, Suffolk, IP6 8EZ£425,000£425,000£0018 Jul 202224 Mar 2023249 Days
6 Luff Meadow, Needham Market, Ipswich, Suffolk, IP6 8DP£250,000£250,000£0025 Oct 202223 Feb 2023121 Days
2 Orchard Gate, Needham Market, Ipswich, Suffolk, IP6 8UD£425,000£420,000-£5,00021 Jul 202213 Feb 2023207 Days

Most Expensive Streets in Needham Market

PostcodeStreetAreaAverageNo. of Sales
IP6 8ALHigh StreetNeedham Market£540,5005
IP6 8EAHill House LaneNeedham Market£492,8336
IP6 8EZBarking RoadNeedham Market£410,0003
IP6 8FDJackdaw CloseNeedham Market£404,2857
IP6 8LZSt Marys RoadCreeting St Mary£400,6427
IP6 8AAHawks Mill StreetNeedham Market£396,5004
IP6 8FNChalk LaneNeedham Market£394,7464
IP6 8EUGrinstead GardensNeedham Market£370,0004
IP6 8XDBurton DriveNeedham Market£360,6663
IP6 8HAChalkeith RoadNeedham Market£357,0007

Least Expensive Streets in Needham Market

PostcodeStreetAreaAverageNo. of Sales
IP6 8BQBosmere CourtNeedham Market£66,30010
IP6 8BYWindsor CourtNeedham Market£141,62512
IP6 8AXCoddenham RoadNeedham Market£154,54112
IP6 8BBSchool StreetNeedham Market£180,3336
IP6 8XFPaget CloseNeedham Market£180,8005
IP6 8EFStowmarket RoadNeedham Market£181,0003
IP6 8NUCoddenham RoadNeedham Market£183,8333
IP6 8HFPrimrose WayNeedham Market£185,4005
IP6 8LUHawks MillHawks Mill Street, Needham Market£186,2147
IP6 8JFFoxglove AvenueNeedham Market£188,3105

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