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Seaham House Prices Seaham House Prices

The average house price in Seaham is £169,454 using HM Land Registry data.

The average property price increased by £10,064 (7.09%) over the last 5 years and increased by £2,011 (1.34%) over the last 12 months.

Over the last year, there were 211 residential property sales – a decrease of 97 transactions (-45.97%) relative to the previous year. The majority of house sales (72) were in the £60,000 - £98,000 range. Then came properties in the £136,000 - £174,000 range, where 39 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 40 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,065 (-4%).

In April 2024, there were 38 new estate agency instructions, 38 agreed home sales and 20 property price reductions.

Postcodes Covered: SR7

5-Year Average Property Prices in Seaham

7.09%

Property prices in Seaham increased by 7.09% 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 Seaham Over the Last Year

1.34%

Property prices in Seaham increased by 1.34% 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 Seaham - 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 21 to 40 days, the broad evidence suggests that properties are selling reasonably quickly after being initially advertised and the market is reasonably healthy. If you are prepared to wait to up to 6 weeks, and you are sure that your property is priced realistically, you should get an offer within this timeframe.

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 Seaham

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 Seaham

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 Seaham

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 Seaham since 1995

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

Recent Property Sales in Seaham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
30 Hill Street, Seaham, County Durham, SR7 7QN£80,000£70,000-£10,00013 Nov 202320 Mar 2024128 Days
22 Stavordale Street West, Seaham, County Durham, SR7 7RA£69,950£69,950£0027 Sep 202322 Feb 2024148 Days
13 Dene Way, Seaham, County Durham, SR7 7BW£129,950£125,000-£4,95012 Oct 202215 Feb 2024491 Days
14 Warkworth Crescent, Seaham, County Durham, SR7 8JT£159,950£152,000-£7,95014 Jul 202309 Feb 2024210 Days
8 Shakespeare Street, Seaham, County Durham, SR7 7JB£129,950£127,000-£2,95025 Oct 202309 Feb 2024107 Days
3 Caister Close, Seaham, County Durham, SR7 7WP£199,950£195,000-£4,95015 Nov 202305 Feb 202482 Days
14 Melrose Crescent, Seaham, County Durham, SR7 0LD£99,950£97,000-£2,95020 Sep 202302 Feb 2024135 Days
35 Runswick Drive, Seaham, County Durham, SR7 7WR£260,000£255,500-£4,50011 Aug 202326 Jan 2024168 Days
5 Clarks Terrace, Seaham, County Durham, SR7 0JN£126,950£122,500-£4,45005 Jul 202326 Jan 2024205 Days
Ambleside, Dalden Grove, Seaham, County Durham, SR7 7DH£430,000£415,000-£15,00007 Sep 202312 Jan 2024127 Days
20a, Rutherford Avenue, Seaham, County Durham, SR7 0JX£110,000£106,000-£4,00006 May 202308 Jan 2024247 Days
23 New Drive, Seaham, County Durham, SR7 7BX£139,000£125,000-£14,00030 Sep 202320 Dec 202381 Days
19 Souter Drive, Seaham, County Durham, SR7 7WT£275,000£267,000-£8,00006 Jan 202314 Dec 2023342 Days
53 Hexham Avenue, Seaham, County Durham, SR7 8ND£89,950£87,000-£2,95020 Sep 202314 Dec 202385 Days
10 Seaton Park, Seaham, County Durham, SR7 0HH£219,950£210,000-£9,95026 Apr 202313 Dec 2023231 Days
199 The Avenue, Seaham, County Durham, SR7 8BD£79,950£76,000-£3,95018 Aug 202308 Dec 2023112 Days
25 Marsdon Way, Seaham, County Durham, SR7 7WX£235,000£230,000-£5,00002 Sep 202301 Dec 202390 Days
15 Alexandrina Street, Seaham, County Durham, SR7 7HU£74,950£38,000-£36,95015 Mar 202315 Nov 2023245 Days
1 Rainton Street, Seaham, County Durham, SR7 7QS£79,950£73,000-£6,95021 Jul 202313 Nov 2023115 Days
75 Escallond Drive, Dalton Le Dale, Seaham, County Durham, SR7 8JZ£169,995£166,000-£3,99522 Jun 202307 Nov 2023138 Days

Most Expensive Streets in Seaham

PostcodeStreetAreaAverageNo. of Sales
SR7 0DBField House FarmSeaham£461,7416
SR7 7WLBoulmer LeaSeaham£460,62010
SR7 0PBStockton RoadSeaham£412,05010
SR7 7WHBamburgh DriveSeaham£326,5836
SR7 7WWCraster PointSeaham£326,5004
SR7 7ATCastlereagh RoadSeaham£317,5004
SR7 8LBDalton HeightsDalton Le Dale£315,8128
SR7 7WQAldeburgh WaySeaham£314,1949
SR7 7BQDene House RoadSeaham£313,2754
SR7 7XHMerlin CloseSeaham£298,9833

Least Expensive Streets in Seaham

PostcodeStreetAreaAverageNo. of Sales
SR7 7LLFox StreetSeaham£30,8756
SR7 7LWIlchester StreetSeaham£35,8624
SR7 7LNStrangways StreetSeaham£39,7506
SR7 7RGChaplin StreetSeaham£49,3333
SR7 7REAged Miners HomesSeaham£50,0044
SR7 7LZLongnewton StreetSeaham£53,7508
SR7 7HUAlexandrina StreetSeaham£58,13912
SR7 0BXStation RoadSeaham£58,3333
SR7 7RBShrewsbury StreetSeaham£58,6663
SR7 7NWEmbleton StreetSeaham£59,6663

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