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Redcar House Prices Redcar House Prices

The average house price in Redcar is £185,959 using HM Land Registry data.

The average property price increased by £36,718 (26.45%) over the last 5 years and increased by £7,357 (4.37%) over the last 12 months.

Over the last year, there were 423 residential property sales – a decrease of 117 transactions (-27.66%) relative to the previous year. The majority of house sales (110) were in the £116,000 - £152,000 range. Then came properties in the £152,000 - £188,000 range, where 90 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 115 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,277 (-3%).

In Dec 24, there were 24 new estate agency instructions, 28 agreed home sales and 21 property price reductions.

Neighbouring Areas: Marske-by-the-Sea

Postcodes Covered: TS10, TS11, TS6

5-Year Average Property Prices in Redcar

26.45%

Property prices in Redcar increased by 26.45% 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

4.37%

Property prices in Redcar increased by 4.37% 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 - Dec 24

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
18 Salcombe Way, Redcar, Redcar And Cleveland, TS10 2RB£225,000£219,000-£6,00028 Jun 202420 Nov 2024145 Days
27 Chiltern Avenue, Redcar, Redcar And Cleveland, TS10 4AL£145,000£80,000-£65,00007 May 202115 Nov 20241288 Days
37 Tees Road, Redcar, Redcar And Cleveland, TS10 1QD£129,000£126,000-£3,00014 Aug 202415 Nov 202493 Days
85 Sandringham Road, Redcar, Redcar And Cleveland, TS10 1ER£159,995£157,500-£2,49504 Jul 202406 Nov 2024125 Days
42 Boulby Road, Redcar, Redcar And Cleveland, TS10 5EA£125,000£115,000-£10,00019 Nov 202329 Oct 2024345 Days
10 Acorn Court, Redcar, Redcar And Cleveland, TS10 2TP£244,500£227,500-£17,00015 Jun 202423 Oct 2024130 Days
3 Salcombe Way, Redcar, Redcar And Cleveland, TS10 2RB£310,000£310,000£0004 Aug 202417 Oct 202474 Days
14 Cambrian Avenue, Redcar, Redcar And Cleveland, TS10 4HF£210,000£210,000£0025 Apr 202407 Aug 2024104 Days
17 Mendip Drive, Redcar, Redcar And Cleveland, TS10 4HE£160,000£160,000£0010 Jan 202405 Aug 2024208 Days
19 Crestwood, Redcar, Redcar And Cleveland, TS10 4NN£265,000£260,000-£5,00010 Nov 202322 Jul 2024255 Days
69 Dartmouth Grove, Redcar, Redcar And Cleveland, TS10 2NU£89,950£80,000-£9,95016 May 202319 Jul 2024430 Days
8 George Street, Redcar, Redcar And Cleveland, TS10 2BN£79,995£79,995£0013 Mar 202411 Jul 2024120 Days
24 Greenlands Road, Redcar, Redcar And Cleveland, TS10 2DG£189,950£187,950-£2,00013 Apr 202428 Jun 202476 Days
127 Torcross Way, Redcar, Redcar And Cleveland, TS10 2SH£190,000£185,000-£5,00028 Feb 202425 Jun 2024118 Days
22 Forth Road, Redcar, Redcar And Cleveland, TS10 1PN£199,950£199,950£0006 Feb 202414 Jun 2024129 Days
17 High Stone Close, Redcar, Redcar And Cleveland, TS10 2PR£310,000£295,000-£15,00016 Jan 202407 Jun 2024143 Days
19 Henry Street, Redcar, Redcar And Cleveland, TS10 1BH£160,000£155,000-£5,00029 Jan 202403 Jun 2024126 Days
81a, Redcar Lane, Redcar, Redcar And Cleveland, TS10 2DN£80,000£75,000-£5,00014 Dec 202330 May 2024168 Days
12 South Terrace, Redcar, Redcar And Cleveland, TS10 3BJ£97,000£88,000-£9,00009 Feb 202417 May 202498 Days
9 Newlyn Way, Redcar, Redcar And Cleveland, TS10 2RN£145,000£140,000-£5,00001 Nov 202309 May 2024190 Days

Most Expensive Streets in Redcar

PostcodeStreetAreaAverageNo. of Sales
TS10 2TRTunstall GardensRedcar£405,8758
TS10 2PDWheatlands ParkRedcar£395,7147
TS10 2PEWheatlands ParkRedcar£376,8333
TS10 2TXAbercorn CloseRedcar£355,5004
TS10 2STDeepdene GroveRedcar£347,2005
TS10 2PFWheatlands ParkRedcar£326,6878
TS10 2SZBramble DykesRedcar£325,0003
TS10 2HWSt Margarets GroveRedcar£310,3333
TS10 2SNLulworth CloseRedcar£300,0003
TS10 2TGTalisker GardensRedcar£294,3163

Least Expensive Streets in Redcar

PostcodeStreetAreaAverageNo. of Sales
TS10 5AYZetland HouseBroadway West£34,2005
TS10 5ASCrossley ApartmentsMaxwell Place£47,3333
TS10 1RLIngleby CourtStation Road£47,6663
TS10 1EHWestbourne GroveRedcar£49,3005
TS10 3JWCaroline MewsRedcar£51,1663
TS10 1AWNewcomen CourtRedcar£53,7503
TS10 2ADElton StreetRedcar£61,1663
TS10 4HUCropton CloseRedcar£61,1663
TS10 1TALaburnum HouseCoatham Road£61,2805
TS10 1RPThe Cherry TreesCoatham Road£62,38924

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