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Peterlee House Prices

The average house price in Peterlee is £100,700 using HM Land Registry data.

The average property price increased by £13,382 (11.63%) over the last 5 years and increased by £2,675 (2.13%) over the last 12 months.

Over the last year, there were 178 residential property sales – a decrease of 83 transactions (-46.63%) relative to the previous year. The majority of house sales (58) were in the £50,000 - £88,000 range. Then came properties in the £88,000 - £126,000 range, where 44 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 54 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-3,950 (-2%).

In June 2024, there were 24 new estate agency instructions, 28 agreed home sales and 14 property price reductions.

5-Year Average Property Prices in Peterlee

11.63%

Property prices in Peterlee increased by 11.63% 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 Peterlee Over the Last Year

2.13%

Property prices in Peterlee increased by 2.13% 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.

Property Market Heat Gauge for Peterlee - 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 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 Peterlee

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 Peterlee

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 Peterlee

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 Peterlee since 1995

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

Recent Property Sales in Peterlee

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
15 Shrewsbury Close, Peterlee, County Durham, SR8 2NZ	£185,000	£185,000	£00	22 Sep 2023	29 Apr 2024	220 Days
54 Berwick Chase, Peterlee, County Durham, SR8 1NQ	£379,999	£375,000	-£4,999	27 Nov 2023	11 Apr 2024	136 Days
8 Chillingham Grove, Peterlee, County Durham, SR8 1QJ	£180,000	£180,000	£00	12 Dec 2023	28 Mar 2024	107 Days
24 Corby Grove, Peterlee, County Durham, SR8 1PY	£179,950	£177,000	-£2,950	07 Nov 2023	08 Mar 2024	122 Days
36 Thames Road, Peterlee, County Durham, SR8 1DT	£79,950	£77,500	-£2,450	08 Jul 2023	01 Mar 2024	237 Days
23 Willerby Grove, Peterlee, County Durham, SR8 2RN	£167,500	£165,500	-£2,000	13 Nov 2023	08 Feb 2024	87 Days
23 Grisedale Road, Peterlee, County Durham, SR8 5PG	£99,950	£95,000	-£4,950	21 Apr 2023	22 Jan 2024	276 Days
30 Stafford Place, Peterlee, County Durham, SR8 2EL	£75,000	£72,500	-£2,500	01 Jun 2023	19 Jan 2024	232 Days
33 Dinting Close, Peterlee, County Durham, SR8 2NY	£289,950	£280,000	-£9,950	15 May 2023	12 Jan 2024	242 Days
9 Kirkland Hill, Peterlee, County Durham, SR8 5QB	£85,000	£85,000	£00	04 Oct 2023	12 Jan 2024	100 Days
72 Welland Close, Peterlee, County Durham, SR8 1HY	£139,950	£135,000	-£4,950	24 Jul 2023	12 Jan 2024	172 Days
47 Trevelyan Place, Peterlee, County Durham, SR8 2NL	£95,000	£95,000	£00	19 Sep 2023	20 Dec 2023	92 Days
24 Sunny Blunts, Peterlee, County Durham, SR8 1LQ	£99,950	£97,500	-£2,450	19 Jul 2023	18 Dec 2023	152 Days
63 Lowhills Road, Peterlee, County Durham, SR8 2DJ	£79,950	£72,000	-£7,950	08 Sep 2023	11 Dec 2023	94 Days
31 Neville Road, Peterlee, County Durham, SR8 2AG	£89,950	£87,500	-£2,450	16 Jun 2023	08 Dec 2023	175 Days
5 Chillingham Grove, Peterlee, County Durham, SR8 1QJ	£235,000	£235,000	£00	06 May 2023	08 Dec 2023	216 Days
87 Lindisfarne, Peterlee, County Durham, SR8 1NP	£129,999	£129,999	£00	05 Sep 2023	17 Nov 2023	73 Days
9 Brecon Close, Peterlee, County Durham, SR8 2JX	£129,999	£120,000	-£9,999	31 Aug 2023	15 Nov 2023	76 Days
7 Carrock Close, Peterlee, County Durham, SR8 1EE	£340,000	£330,000	-£10,000	18 Aug 2023	15 Nov 2023	89 Days
80 Amersham Crescent, Peterlee, County Durham, SR8 5JJ	£77,000	£65,500	-£11,500	28 Sep 2022	10 Nov 2023	408 Days

Most Expensive Streets in Peterlee

Postcode	Street	Area	Average	No. of Sales
SR8 1LU	Brancepeth Chare	Peterlee	£357,500	3
SR8 1NQ	Berwick Chase	Peterlee	£323,487	4
SR8 1NN	Marwood Grove	Peterlee	£307,500	6
SR8 1PW	Askerton Drive	Peterlee	£284,400	5
SR8 1ND	Norham Drive	Peterlee	£278,983	3
SR8 2NH	Lorimers Close	Peterlee	£276,055	9
SR8 1EE	Carrock Close	Peterlee	£270,000	4
SR8 1PN	Millom Court	Peterlee	£262,487	4
SR8 1NE	Elsdon Close	Peterlee	£257,285	7
SR8 1NG	Lambton Court	Peterlee	£249,333	6

Least Expensive Streets in Peterlee

Postcode	Street	Area	Average	No. of Sales
SR8 5JN	Sledmere Close	Peterlee	£47,333	3
SR8 5PF	Scarfell Close	Peterlee	£51,177	4
SR8 2EU	Westmorland Rise	Peterlee	£51,462	4
SR8 5JW	Jude Place	Peterlee	£54,375	4
SR8 5LG	Duddon Close	Peterlee	£59,000	3
SR8 5JA	Elliott Road	Peterlee	£59,166	3
SR8 5QD	Galloway Road	Peterlee	£59,375	4
SR8 2LN	Quantock Place	Peterlee	£60,166	3
SR8 5SS	Hatfield Place	Peterlee	£61,000	3
SR8 2EY	Lancaster Hill	Peterlee	£61,650	3