Redcar House Prices Redcar House Prices

The average house price in Redcar is £169,971 using HM Land Registry data.

The average property price increased by £46,434 (35.74%) over the last 5 years and increased by £9,283 (5.56%) over the last 12 months.

Over the last year, there were 440 residential property sales – a decrease of 144 transactions (-32.73%) relative to the previous year. The majority of house sales (113) were in the £116,000 - £152,000 range. Then came properties in the £152,000 - £188,000 range, where 95 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 79 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,136 (-2%).

In June 2024, there were 78 new estate agency instructions, 53 agreed home sales and 36 property price reductions.

5-Year Average Property Prices in Redcar

35.74%

Property prices in Redcar increased by 35.74% 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

5.56%

Property prices in Redcar increased by 5.56% 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 - 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 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 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
45 Canterbury Road, Redcar, Redcar And Cleveland, TS10 3QG£139,500£135,000-£4,50009 Oct 202302 May 2024206 Days
19 Kirkwood Drive, Redcar, Redcar And Cleveland, TS10 2SX£310,000£310,000£0019 Feb 202329 Apr 2024435 Days
177 Redcar Lane, Redcar, Redcar And Cleveland, TS10 2EJ£245,000£244,000-£1,00004 Jan 202426 Apr 2024113 Days
3 North Fen, Redcar, Redcar And Cleveland, TS10 4RU£139,950£139,950£0031 Jan 202425 Apr 202485 Days
519 West Dyke Road, Redcar, Redcar And Cleveland, TS10 4QL£360,000£360,000£0020 Feb 202422 Apr 202462 Days
126 Castle Road, Redcar, Redcar And Cleveland, TS10 2ND£176,500£172,000-£4,50026 Jul 202312 Apr 2024261 Days
12 Holder Street, Redcar, Redcar And Cleveland, TS10 2AB£86,950£80,000-£6,95001 Jun 202311 Apr 2024315 Days
31 Cedar Grove, Redcar, Redcar And Cleveland, TS10 3LU£140,000£140,000£0012 Sep 202309 Apr 2024210 Days
5 Ontario Crescent, Redcar, Redcar And Cleveland, TS10 1JR£139,500£135,000-£4,50014 Nov 202325 Mar 2024132 Days
22 Deal Road, Redcar, Redcar And Cleveland, TS10 2RG£155,000£155,000£0002 Nov 202321 Mar 2024140 Days
210 Laburnum Road, Redcar, Redcar And Cleveland, TS10 3PF£159,950£152,000-£7,95024 Jan 202419 Mar 202455 Days
84 Cranbourne Drive, Redcar, Redcar And Cleveland, TS10 2SP£360,000£345,000-£15,00010 Sep 202306 Mar 2024178 Days
11 The Crescent, Redcar, Redcar And Cleveland, TS10 3AU£270,000£255,000-£15,00013 Oct 202223 Feb 2024498 Days
20 Sycamore Road, Redcar, Redcar And Cleveland, TS10 3JT£140,000£135,000-£5,00008 Sep 202322 Feb 2024167 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
59 High Street West, Redcar, Redcar And Cleveland, TS10 1SF£115,000£85,000-£30,00017 Nov 202319 Jan 202463 Days
20 Swanage Drive, Redcar, Redcar And Cleveland, TS10 2RH£149,999£145,000-£4,99923 Aug 202319 Jan 2024149 Days
61 Oak Road, Redcar, Redcar And Cleveland, TS10 3NS£265,000£258,000-£7,00011 Jul 202318 Jan 2024191 Days

Most Expensive Streets in Redcar

PostcodeStreetAreaAverageNo. of Sales
TS10 2PDWheatlands ParkRedcar£388,0005
TS10 2TRTunstall GardensRedcar£386,2229
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 2TGTalisker GardensRedcar£290,7374
TS10 2TLDalton CourtRedcar£288,1005
TS10 2SHTorcross WayRedcar£279,1905

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 4PEBlakey CloseRedcar£59,3333
TS10 1RPThe Cherry TreesCoatham Road£60,10128
TS10 2ADElton StreetRedcar£61,1663
TS10 4HUCropton CloseRedcar£61,1663

Explore Redcar and Neighbouring Area House Prices