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Shrewsbury House Prices Shrewsbury House Prices

The average house price in Shrewsbury is £296,046 using HM Land Registry data.

The average property price increased by £69,405 (28.86%) over the last 5 years and increased by £13,871 (4.69%) over the last 12 months.

Over the last year, there were 887 residential property sales – a decrease of 468 transactions (-52.76%) relative to the previous year. The majority of house sales (230) were in the £210,000 - £280,000 range. Then came properties in the £140,000 - £210,000 range, where 218 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 78 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,425 (-2%).

In April 2024, there were 199 new estate agency instructions, 114 agreed home sales and 104 property price reductions.

Postcodes Covered: SY1, SY2, SY3, SY4, SY5

5-Year Average Property Prices in Shrewsbury

28.86%

Property prices in Shrewsbury increased by 28.86% 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 Shrewsbury Over the Last Year

4.69%

Property prices in Shrewsbury increased by 4.69% 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 Shrewsbury - 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 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 Shrewsbury

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 Shrewsbury

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 Shrewsbury

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 Shrewsbury since 1995

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

Recent Property Sales in Shrewsbury

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
120 Wenlock Road, Shrewsbury, Shropshire, SY2 6JY£450,000£425,000-£25,00018 May 202320 Mar 2024307 Days
12 Swiss Farm Road, Shrewsbury, Shropshire, SY3 8XB£325,000£310,000-£15,00013 Apr 202314 Mar 2024336 Days
107 Boscobel Drive, Shrewsbury, Shropshire, SY1 3DU£250,000£250,000£0011 Sep 202308 Mar 2024179 Days
17 Primrose Drive, Shrewsbury, Shropshire, SY3 7TP£350,000£343,000-£7,00009 Oct 202306 Mar 2024149 Days
24 Long Row, Shrewsbury, Shropshire, SY1 4DF£150,000£147,000-£3,00010 Oct 202305 Mar 2024147 Days
6 Abbots Green, Shrewsbury, Shropshire, SY2 5QU£220,000£217,500-£2,50005 Jul 202304 Mar 2024243 Days
12 Foxley Grove, Bicton Heath, Shrewsbury, Shropshire, SY3 5DF£399,995£383,000-£16,99523 Aug 202301 Mar 2024191 Days
8 Cleveland Street, Shrewsbury, Shropshire, SY2 5DN£273,000£255,000-£18,00028 Jul 202329 Feb 2024216 Days
26 Rothley Close, Shrewsbury, Shropshire, SY3 6AN£395,000£395,000£0004 Oct 202323 Feb 2024142 Days
5 Cunningham Way, Shrewsbury, Shropshire, SY1 3SR£250,000£250,000£0007 Nov 202323 Feb 2024108 Days
20b, Spring Gardens, Shrewsbury, Shropshire, SY1 2TD£120,000£115,000-£5,00005 May 202323 Feb 2024294 Days
9 The Bradleys, Shrewsbury, Shropshire, SY1 4TQ£185,000£172,500-£12,50014 Aug 202323 Feb 2024193 Days
24 Bewdley Avenue, Shrewsbury, Shropshire, SY2 5UQ£250,000£235,000-£15,00027 Jun 202323 Feb 2024241 Days
1 Cavendish Close, Bicton Heath, Shrewsbury, Shropshire, SY3 5PG£475,000£470,000-£5,00021 Aug 202319 Feb 2024182 Days
53 St Michaels Street, Shrewsbury, Shropshire, SY1 2EZ£173,000£163,000-£10,00025 Oct 202316 Feb 2024114 Days
106 Monkmoor Road, Shrewsbury, Shropshire, SY2 5BN£375,000£375,000£0015 Dec 202316 Feb 202463 Days
12 Mytton Oak Road, Shrewsbury, Shropshire, SY3 8UB£600,000£575,000-£25,00006 Sep 202314 Feb 2024161 Days
32 Thomas Court, Shrewsbury, Shropshire, SY3 7EX£155,000£147,500-£7,50003 Aug 202314 Feb 2024195 Days
14 Highbury Close, Shrewsbury, Shropshire, SY2 6SN£425,000£400,000-£25,00008 Aug 202314 Feb 2024190 Days
8 Ivy Hatch, Shrewsbury, Shropshire, SY1 4SL£180,000£172,000-£8,00018 Sep 202313 Feb 2024148 Days

Most Expensive Streets in Shrewsbury

PostcodeStreetAreaAverageNo. of Sales
SY3 8PPThe MountShrewsbury£1,450,0004
SY3 9ABRidgebourne RoadShrewsbury£790,5004
SY3 8EJBerkeley FieldsShrewsbury£788,7254
SY3 8PLThe MountShrewsbury£776,8754
SY2 6PZMayfield GardensShrewsbury£760,6254
SY3 8SHPorthill GardensShrewsbury£731,6663
SY3 8PNThe MountShrewsbury£729,5004
SY1 2AUCouncil House CourtShrewsbury£705,6663
SY3 7ABKennedy RoadShrewsbury£702,5836
SY1 1NLSwan HillShrewsbury£702,2229

Least Expensive Streets in Shrewsbury

PostcodeStreetAreaAverageNo. of Sales
SY1 2LTCoton ManorBerwick Road£72,2916
SY1 2LXCoton ManorBerwick Road£77,0003
SY3 5DNBriery LaneBicton Heath£81,4998
SY3 8QTAlma HouseAlma Street, Shrewsbury£82,0004
SY2 5XSDunwoody CourtShrewsbury£82,1663
SY1 2LUCoton ManorBerwick Road£82,3333
SY3 5ERThe PaddocksBicton Heath£83,0005
SY3 5NFLambourn DriveShrewsbury£84,5004
SY1 2ULWarrenby CloseShrewsbury£87,0003
SY1 2UQBarton CloseShrewsbury£87,7147

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