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Otley House Prices Otley House Prices

The average house price in Otley is £244,635 using HM Land Registry data.

The average property price increased by £60,016 (24.14%) over the last 5 years and increased by £11,995 (4.04%) over the last 12 months.

Over the last year, there were 171 residential property sales – a decrease of 37 transactions (-21.64%) relative to the previous year. The majority of house sales (47) were in the £214,000 - £268,000 range. Then came properties in the £268,000 - £322,000 range, where 34 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 42 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,064 (-2%).

In April 2024, there were 41 new estate agency instructions, 27 agreed home sales and 18 property price reductions.

Neighbouring Areas: Menston

Postcodes Covered: LS21

5-Year Average Property Prices in Otley

24.14%

Property prices in Otley increased by 24.14% 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 Otley Over the Last Year

4.04%

Property prices in Otley increased by 4.04% 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 Otley - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 Otley

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 Otley

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 Otley

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 Otley since 1995

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

Recent Property Sales in Otley

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
63 Cambridge Drive, Otley, West Yorkshire, LS21 1DD£250,000£237,000-£13,00004 Sep 202329 Feb 2024178 Days
4 Queens Place, Otley, West Yorkshire, LS21 3HY£280,000£260,000-£20,00007 Oct 202301 Feb 2024117 Days
40 St Davids Road, Otley, West Yorkshire, LS21 2AW£375,000£335,000-£40,00011 Sep 202312 Jan 2024123 Days
56 West Busk Lane, Otley, West Yorkshire, LS21 3LW£275,000£270,000-£5,00018 Sep 202318 Dec 202391 Days
23 Wharfedale Mews, Otley, West Yorkshire, LS21 1SS£250,000£250,000£0015 May 202315 Dec 2023214 Days
Rear Of 7, New Market, Otley, West Yorkshire, LS21 3AE£160,000£157,000-£3,00021 Aug 202308 Dec 2023109 Days
Apartment 7, Adlington House, Bridge Street, Otley, West Yorkshire, LS21 1FQ£185,000£179,950-£5,05022 Sep 201807 Dec 20231902 Days
2 Throstle Nest Close, Otley, North Yorkshire, LS21 2RR£485,000£485,000£0004 Sep 202304 Dec 202391 Days
1a, The Stables, Otley, West Yorkshire, LS21 1BL£139,000£133,500-£5,50022 Mar 202329 Nov 2023252 Days
15 Mount Pisgah, Otley, West Yorkshire, LS21 3DX£315,000£310,000-£5,00018 Jul 202320 Nov 2023125 Days
42 Guycroft, Otley, West Yorkshire, LS21 3DS£235,000£215,000-£20,00029 Jun 202320 Nov 2023144 Days
18 Bank Parade, Otley, West Yorkshire, LS21 3DY£300,000£295,000-£5,00015 Aug 202317 Nov 202394 Days
5 St Clair Terrace, Otley, West Yorkshire, LS21 1JA£295,000£290,000-£5,00018 Aug 202303 Nov 202377 Days
7 Hamilton Terrace, Otley, West Yorkshire, LS21 1AN£320,000£320,000£0006 Mar 202303 Nov 2023242 Days
18 Carlton Street, Otley, West Yorkshire, LS21 1JP£228,000£228,000£0006 Jul 202303 Nov 2023120 Days
11 Cambridge Terrace, Otley, West Yorkshire, LS21 1JS£375,000£370,000-£5,00017 Jul 202303 Nov 2023109 Days
28 The Gills, Otley, West Yorkshire, LS21 2AH£275,000£270,000-£5,00007 Mar 202330 Oct 2023237 Days
57 Pool Road, Otley, West Yorkshire, LS21 1HL£510,000£510,000£0031 Jul 202327 Oct 202388 Days
13 Granville Terrace, Otley, West Yorkshire, LS21 3EJ£350,000£348,428-£1,57218 Jul 202327 Oct 2023101 Days
32 The Crescent, Otley, West Yorkshire, LS21 2AP£265,000£265,000£0008 Aug 202325 Oct 202378 Days

Most Expensive Streets in Otley

PostcodeStreetAreaAverageNo. of Sales
LS21 3PFWhiteley Croft GardensOtley£505,0003
LS21 1FGRiverside WalkOtley£471,2504
LS21 2BEPrince Henry RoadOtley£460,1376
LS21 2FHCarr Banks ViewOtley£447,25010
LS21 1FFMill RowOtley£435,8333
LS21 3JHChevin TerraceOtley£433,3333
LS21 2RWRiverside ParkOtley£431,3336
LS21 2FFWharfe Meadow AvenueOtley£426,62522
LS21 3LYWest Busk LaneOtley£424,80510
LS21 1FEMill WayOtley£416,98010

Least Expensive Streets in Otley

PostcodeStreetAreaAverageNo. of Sales
LS21 3HGSaville CourtOtley£115,0003
LS21 3ANCourthouse StreetOtley£120,0004
LS21 3ASWestgateOtley£142,6663
LS21 3HHBirdcage CourtOtley£143,6258
LS21 1RJTealbeck CourtTealbeck Approach£148,40911
LS21 1RAFowlers CourtOtley£154,9833
LS21 1RZSouth View TerraceOtley£166,6254
LS21 1BTLeeds RoadOtley£172,3754
LS21 1RLChevin CourtOtley£172,66315
LS21 2DRRombalds ViewOtley£172,7504

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