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Nottingham House Prices Nottingham House Prices

The average house price in Nottingham is £206,050 using HM Land Registry data.

The average property price increased by £66,799 (40.54%) over the last 5 years and increased by £13,350 (6.12%) over the last 12 months.

Over the last year, there were 2,120 residential property sales – a decrease of 961 transactions (-45.33%) relative to the previous year. The majority of house sales (633) were in the £156,000 - £202,000 range. Then came properties in the £110,000 - £156,000 range, where 439 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 67 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,540 (-1%).

In April 2024, there were 424 new estate agency instructions, 288 agreed home sales and 193 property price reductions.

Neighbouring Areas: Hucknall, Arnold, Nuthall and Watnall, Carlton, West Bridgford, Beeston, Wilford

Postcodes Covered: NG1, NG2, NG3, NG4, NG5, NG6, NG7, NG8, NG9

5-Year Average Property Prices in Nottingham

40.54%

Property prices in Nottingham increased by 40.54% 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 Nottingham Over the Last Year

6.12%

Property prices in Nottingham increased by 6.12% 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 Nottingham - 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 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 Nottingham

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 Nottingham

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 Nottingham

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 Nottingham since 1995

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

Recent Property Sales in Nottingham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
25 St Albans Street, Sherwood, Nottingham, City Of Nottingham, NG5 2HA£200,000£180,000-£20,00016 Nov 202318 Mar 2024123 Days
27 Devon Street, Nottingham, City Of Nottingham, NG3 2BE£135,000£132,000-£3,00001 Jul 202312 Mar 2024255 Days
19 Honeysuckle Close, Nottingham, City Of Nottingham, NG8 6GF£110,000£105,000-£5,00018 Sep 202308 Mar 2024172 Days
Apartment 313, Parkgate, Upper College Street, Nottingham, City Of Nottingham, NG1 5AP£170,000£163,500-£6,50013 Sep 202308 Mar 2024177 Days
28 Ball Street, Nottingham, City Of Nottingham, NG3 3AX£160,000£156,000-£4,00008 Nov 202301 Mar 2024114 Days
5 Golf Close, Nottingham, City Of Nottingham, NG6 8YZ£210,000£200,000-£10,00024 Nov 202301 Mar 202498 Days
6 Wadhurst Grove, Nottingham, City Of Nottingham, NG8 2RJ£325,000£315,000-£10,00004 Aug 202328 Feb 2024208 Days
2 Surfleet Close, Nottingham, City Of Nottingham, NG8 2TG£260,000£260,000£0002 Oct 202328 Feb 2024149 Days
74 Chippenham Road, Nottingham, City Of Nottingham, NG5 5SS£185,000£182,000-£3,00002 Oct 202323 Feb 2024144 Days
10 Elvaston Road, Nottingham, City Of Nottingham, NG8 1JW£290,000£259,000-£31,00010 Oct 202323 Feb 2024136 Days
60 Haverhill Crescent, Nottingham, City Of Nottingham, NG5 5AZ£290,000£285,000-£5,00004 Jul 202322 Feb 2024233 Days
14 Weetman Gardens, Nottingham, City Of Nottingham, NG5 9EW£160,000£158,000-£2,00009 Nov 202321 Feb 2024104 Days
19 Anstey Rise, Nottingham, City Of Nottingham, NG3 2BY£140,000£140,000£0015 Sep 202316 Feb 2024154 Days
162 Glaisdale Drive West, Nottingham, City Of Nottingham, NG8 4GW£185,000£169,500-£15,50003 Oct 202316 Feb 2024136 Days
85 Holgate Road, The Meadows, Nottingham, City Of Nottingham, NG2 2EU£220,000£215,000-£5,00006 Oct 202315 Feb 2024132 Days
17 Renfrew Drive, Nottingham, City Of Nottingham, NG8 2FX£400,000£395,000-£5,00011 Oct 202314 Feb 2024126 Days
43 Oxengate, Arnold, Nottingham, Nottinghamshire, NG5 6FY£180,000£176,000-£4,00017 Jul 202313 Feb 2024211 Days
35 Rosegarth Walk, Nottingham, City Of Nottingham, NG6 0LY£100,000£98,000-£2,00019 Sep 202313 Feb 2024147 Days
60 Ebers Grove, Nottingham, City Of Nottingham, NG3 5EA£329,950£305,000-£24,95001 Dec 202209 Feb 2024435 Days
22 Staverton Road, Nottingham, City Of Nottingham, NG8 4ET£160,000£150,000-£10,00025 Jul 202309 Feb 2024199 Days

Most Expensive Streets in Nottingham

PostcodeStreetAreaAverageNo. of Sales
NG8 2APWollaton RoadNottingham£1,218,3333
NG7 1DTLenton RoadThe Park£1,111,6663
NG3 5ENArlington DriveNottingham£953,3336
NG1 5DNPark TerraceNottingham£841,15510
NG7 1BJNewcastle CircusNottingham£782,7504
NG7 1BUClare ValleyNottingham£776,0005
NG3 5ESWarwick RoadNottingham£775,0004
NG3 4JUSpringfield PasturesNottingham£748,5717
NG7 1BACavendish Crescent NorthNottingham£736,6663
NG8 2NRWollaton ValeNottingham£724,6405

Least Expensive Streets in Nottingham

PostcodeStreetAreaAverageNo. of Sales
NG1 6BHHounds GateNottingham£42,29011
NG1 4AHShakespeare StreetNottingham£44,6254
NG1 3BWAvalon CourtKent Street, Nottingham£45,3927
NG1 1DDPark View CourtNottingham£47,97510
NG1 1DEPark View CourtNottingham£49,26615
NG1 6EPMinerva HouseSpaniel Row£49,7756
NG1 6BFMinerva HouseSpaniel Row£53,0006
NG5 2EGTavistock CourtNottingham£53,5003
NG3 5NFMapperley RoadNottingham£57,4005
NG1 1ESCranbrook HouseCranbrook Street, Nottingham£58,3333

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