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Redcar House Prices Redcar House Prices

The average house price in Redcar is £174,333 using HM Land Registry data.

The average property price increased by £43,762 (33.56%) over the last 5 years and increased by £8,746 (5.29%) over the last 12 months.

Over the last year, there were 453 residential property sales – a decrease of 149 transactions (-32.89%) relative to the previous year. The majority of house sales (114) were in the £116,000 - £152,000 range. Then came properties in the £152,000 - £188,000 range, where 100 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 85 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,136 (-2%).

In April 2024, there were 67 new estate agency instructions, 47 agreed home sales and 22 property price reductions.

Neighbouring Areas: Marske-by-the-Sea

Postcodes Covered: TS10, TS11, TS6

5-Year Average Property Prices in Redcar

33.56%

Property prices in Redcar increased by 33.56% 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 Redcar Over the Last Year

5.29%

Property prices in Redcar increased by 5.29% 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 Redcar - 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 Redcar

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 Redcar

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 Redcar

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 Redcar since 1995

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

Recent Property Sales in Redcar

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
84 Cranbourne Drive, Redcar, Redcar And Cleveland, TS10 2SP£360,000£345,000-£15,00010 Sep 202306 Mar 2024178 Days
1 Bramble Dykes, Redcar, Redcar And Cleveland, TS10 2SZ£250,000£250,000£0004 Nov 202309 Feb 202497 Days
11 Thornbury Close, Redcar, Redcar And Cleveland, TS10 2SU£325,000£315,000-£10,00019 Jul 202302 Feb 2024198 Days
14 Kilton Close, Redcar, Redcar And Cleveland, TS10 2NH£169,950£169,950£0011 Jul 202302 Feb 2024206 Days
61 Oak Road, Redcar, Redcar And Cleveland, TS10 3NS£265,000£258,000-£7,00011 Jul 202318 Jan 2024191 Days
20 Raby Road, Redcar, Redcar And Cleveland, TS10 2HE£264,500£250,000-£14,50031 Oct 202318 Jan 202479 Days
60 Broadway East, Redcar, Redcar And Cleveland, TS10 5DS£170,000£167,000-£3,00022 Aug 202317 Jan 2024148 Days
137 Castle Road, Redcar, Redcar And Cleveland, TS10 2NF£155,000£155,000£0022 Oct 202317 Jan 202487 Days
12 Fir Grove, Redcar, Redcar And Cleveland, TS10 4QH£140,000£120,000-£20,00031 Mar 202319 Dec 2023263 Days
Flat 18, The Cherry Trees, Coatham Road, Redcar, Redcar And Cleveland, TS10 1RP£72,000£66,000-£6,00024 Jul 201815 Dec 20231970 Days
12 The Chase, Redcar, Redcar And Cleveland, TS10 2EE£79,950£78,000-£1,95010 Mar 202313 Dec 2023278 Days
142 Kirkleatham Lane, Redcar, Redcar And Cleveland, TS10 5DA£199,950£195,000-£4,95014 Aug 202313 Dec 2023121 Days
135 Queen Street, Redcar, Redcar And Cleveland, TS10 1BT£119,950£105,000-£14,95025 Jul 202313 Dec 2023141 Days
21 St Johns Grove, Redcar, Redcar And Cleveland, TS10 2DS£149,950£146,000-£3,95024 Jul 202308 Dec 2023137 Days
46 Kenilworth Way, Redcar, Redcar And Cleveland, TS10 2LS£225,000£225,000£0017 Mar 202307 Dec 2023265 Days
3 Bramble Dykes, Redcar, Redcar And Cleveland, TS10 2SZ£350,000£345,000-£5,00011 Jul 202304 Dec 2023146 Days
3 Southwold Close, Redcar, Redcar And Cleveland, TS10 4GB£245,000£245,000£0023 Oct 202301 Dec 202339 Days
31 The Furlongs, Redcar, Redcar And Cleveland, TS10 2EB£120,000£120,000£0030 Aug 202330 Nov 202392 Days
50 Castle Road, Redcar, Redcar And Cleveland, TS10 2NQ£170,000£167,000-£3,00004 Oct 202330 Nov 202357 Days
57 Boulby Road, Redcar, Redcar And Cleveland, TS10 5EB£126,000£120,000-£6,00013 Sep 202329 Nov 202377 Days

Most Expensive Streets in Redcar

PostcodeStreetAreaAverageNo. of Sales
TS10 2PDWheatlands ParkRedcar£388,0005
TS10 2TRTunstall GardensRedcar£384,85010
TS10 2PEWheatlands ParkRedcar£376,8333
TS10 3NNCoast RoadRedcar£344,0003
TS10 2TXAbercorn CloseRedcar£342,3333
TS10 2STDeepdene GroveRedcar£321,5004
TS10 2PFWheatlands ParkRedcar£310,3128
TS10 2UNKinver CloseRedcar£308,3333
TS10 2TGTalisker GardensRedcar£290,7374
TS10 2SHTorcross WayRedcar£279,1905

Least Expensive Streets in Redcar

PostcodeStreetAreaAverageNo. of Sales
TS10 5AYZetland HouseBroadway West£34,2005
TS10 1RLIngleby CourtStation Road£44,8754
TS10 5ASCrossley ApartmentsMaxwell Place£47,3333
TS10 1EHWestbourne GroveRedcar£49,3005
TS10 3JWCaroline MewsRedcar£51,1663
TS10 1AWNewcomen CourtRedcar£53,7503
TS10 4PEBlakey CloseRedcar£59,3333
TS10 1RPThe Cherry TreesCoatham Road£59,95727
TS10 1TALaburnum HouseCoatham Road£60,7336
TS10 2ADElton StreetRedcar£61,1663

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