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Reigate House Prices Reigate House Prices

The average house price in Reigate is £596,323 using HM Land Registry data.

The average property price increased by £182,447 (34.43%) over the last 5 years and increased by £36,464 (5.4%) over the last 12 months.

Over the last year, there were 281 residential property sales – a decrease of 173 transactions (-61.57%) relative to the previous year. The majority of house sales (98) were in the £250,000 - £460,000 range. Then came properties in the £460,000 - £670,000 range, where 63 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 91 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-23,337 (-2%).

In April 2024, there were 94 new estate agency instructions, 40 agreed home sales and 33 property price reductions.

Neighbouring Areas: Redhill

Postcodes Covered: RH1, RH2, RH3

5-Year Average Property Prices in Reigate

34.43%

Property prices in Reigate increased by 34.43% 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 Reigate Over the Last Year

5.4%

Property prices in Reigate increased by 5.4% 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 Reigate - 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 Reigate

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 Reigate

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 Reigate

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 Reigate since 1995

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

Recent Property Sales in Reigate

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
36 Brandsland, Reigate, Surrey, RH2 7PA£450,000£435,000-£15,00012 Jul 202309 Feb 2024212 Days
68 Nutley Lane, Reigate, Surrey, RH2 9HS£650,000£625,000-£25,00018 Sep 202308 Dec 202381 Days
4 Springcopse Road, Reigate, Surrey, RH2 7HH£950,000£945,000-£5,00012 May 202304 Dec 2023206 Days
8 Blanford Road, Reigate, Surrey, RH2 7DR£1,600,000£1,580,000-£20,00001 Dec 202304 Dec 20233 Days
34 Hartswood Avenue, Reigate, Surrey, RH2 8ET£600,000£600,000£0017 Aug 202301 Dec 2023106 Days
4 New North Road, Reigate, Surrey, RH2 8NA£595,000£555,000-£40,00024 Jul 202328 Nov 2023127 Days
24 Bancroft Court, Reigate, Surrey, RH2 7RW£275,000£258,500-£16,50028 Mar 202323 Nov 2023240 Days
4a, Beaufort Road, Reigate, Surrey, RH2 9DJ£425,000£418,000-£7,00014 Jul 202317 Nov 2023126 Days
19 Burnham Drive, Reigate, Surrey, RH2 9HD£1,000,000£980,000-£20,00025 Aug 202317 Nov 202384 Days
10 Ledbury Road, Reigate, Surrey, RH2 9HN£750,000£740,000-£10,00007 Aug 202317 Nov 2023102 Days
11 Doods Park Road, Reigate, Surrey, RH2 0PZ£575,000£520,000-£55,00014 Jun 202317 Nov 2023156 Days
8 Reeve Road, Reigate, Surrey, RH2 7PH£450,000£432,000-£18,00021 Jul 202303 Nov 2023105 Days
35 Ranelagh Road, Redhill, Surrey, RH1 6BJ£450,000£435,000-£15,00027 Jun 202326 Oct 2023121 Days
36 Smoke Lane, Reigate, Surrey, RH2 7HJ£850,000£815,000-£35,00019 Jul 202324 Oct 202397 Days
Bramshaw Tops, Colley Lane, Reigate, Surrey, RH2 9DD£775,000£750,000-£25,00020 Jan 202312 Oct 2023265 Days
69a, Deerings Road, Reigate, Surrey, RH2 0PW£1,250,000£1,100,000-£150,00031 May 202312 Oct 2023134 Days
111 Nutley Lane, Reigate, Surrey, RH2 9EF£685,000£680,000-£5,00013 Mar 202309 Oct 2023210 Days
8 Howard Road, Reigate, Surrey, RH2 7JE£850,000£830,000-£20,00010 Mar 202304 Oct 2023208 Days
5 Seale Hill, Reigate, Surrey, RH2 8HZ£1,650,000£1,600,000-£50,00005 May 202328 Sep 2023146 Days
34 Glovers Road, Reigate, Surrey, RH2 7LA£550,000£522,500-£27,50001 Jun 202318 Sep 2023109 Days

Most Expensive Streets in Reigate

PostcodeStreetAreaAverageNo. of Sales
RH2 7EJHigh Trees RoadReigate£2,500,0003
RH2 0LBThe WayReigate£1,932,3333
RH2 7EHHigh Trees RoadReigate£1,864,6254
RH2 0EPBrightlands RoadReigate£1,710,1405
RH2 9LUUnderhill Park RoadReigate£1,641,6663
RH2 0HLGatton RoadReigate£1,626,6663
RH2 9LSBeech RoadReigate£1,525,0003
RH2 8HZSeale HillReigate£1,446,0005
RH2 0DHAlma RoadReigate£1,405,8336
RH2 9JHColley WayReigate£1,400,7504

Least Expensive Streets in Reigate

PostcodeStreetAreaAverageNo. of Sales
RH2 0JSCharlotte HouseThe Cedars£120,1874
RH2 7RSChurchfield CourtRoebuck Close£127,58312
RH2 0QLReigate RoadReigate£165,5003
RH2 9NFReigate HillReigate£179,53514
RH2 8AYPrices LaneReigate£180,0004
RH1 6ABHatchlands RoadRedhill£186,6505
RH2 8BPPrices LaneReigate£194,1254
RH2 0RZHigh View CourtReigate£213,8754
RH2 0LYCroydon RoadReigate£236,0004
RH2 7DQBlackborough RoadReigate£246,6663

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