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Somerton House Prices Somerton House Prices

The average house price in Somerton is £0 using HM Land Registry data.

The average property price increased by £64,642 (22.84%) over the last 5 years and increased by £12,920 (3.86%) over the last 12 months.

Over the last year, there were 60 residential property sales – a decrease of 43 transactions (-71.67%) relative to the previous year. The majority of house sales (16) were in the £220,000 - £268,000 range. Then came properties in the £268,000 - £316,000 range, where 13 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,385 (-2%).

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

Postcodes Covered: TA11

5-Year Average Property Prices in Somerton

22.84%

Property prices in Somerton increased by 22.84% 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 Somerton Over the Last Year

3.86%

Property prices in Somerton increased by 3.86% 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 Somerton - 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 Somerton

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 Somerton

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 Somerton

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 Somerton since 1995

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

Recent Property Sales in Somerton

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
19 Farm Drive, Somerton, Somerset, TA11 6PJ£280,000£280,000£0026 Oct 202323 Feb 2024120 Days
1 Camden Orchard, Somerton, Somerset, TA11 6RL£350,000£347,000-£3,00031 Oct 202323 Feb 2024115 Days
29 King Ina Road, Somerton, Somerset, TA11 6JX£240,000£230,000-£10,00023 Oct 202309 Feb 2024109 Days
Hey Cottage, Mount Hey, Somerton, Somerset, TA11 7PG£579,950£555,000-£24,95002 Sep 202319 Jan 2024139 Days
Rutherford, St Cleers, Somerton, Somerset, TA11 6HE£290,000£285,000-£5,00004 Nov 202319 Jan 202476 Days
10 Pauls Road, Somerton, Somerset, TA11 6SW£299,950£299,950£0026 May 202310 Nov 2023168 Days
15 Mowries Court, Somerton, Somerset, TA11 6NF£235,000£229,000-£6,00027 Jul 202330 Oct 202395 Days
Cornerways, 8, Barley Croft, Somerton, Somerset, TA11 6PW£329,950£326,000-£3,95012 Jul 202312 Oct 202392 Days
16 Great Western Lane, Somerton, Somerset, TA11 6TF£230,000£217,000-£13,00008 Jun 202303 Oct 2023117 Days
Brooklyn Cottage, Broad Street, Somerton, Somerset, TA11 7ND£295,000£280,500-£14,50015 Jun 202329 Sep 2023106 Days
Russet House, St Cleers, Somerton, Somerset, TA11 6HE£600,000£560,000-£40,00027 Mar 202308 Sep 2023165 Days
4 Sevenacres, Somerton, Somerset, TA11 6HF£390,000£385,000-£5,00031 May 202308 Sep 2023100 Days
54 Behind Berry, Somerton, Somerset, TA11 6JY£248,000£230,000-£18,00018 Apr 202306 Sep 2023141 Days
7 Cary Way, Somerton, Somerset, TA11 6SN£475,000£460,000-£15,00024 Apr 202305 Sep 2023134 Days
41 Highfield Way, Somerton, Somerset, TA11 6SQ£300,000£295,000-£5,00012 May 202324 Aug 2023104 Days
3 Bancombe Road, Somerton, Somerset, TA11 6SA£250,000£249,000-£1,00019 Apr 202324 Aug 2023127 Days
92 Behind Berry, Somerton, Somerset, TA11 6SF£299,950£292,500-£7,45012 May 202322 Aug 2023102 Days
53 St Cleers Orchard, Somerton, Somerset, TA11 6QY£299,950£292,500-£7,45012 May 202328 Jul 202377 Days
32 Parklands Way, Somerton, Somerset, TA11 6JG£280,000£275,000-£5,00013 Mar 202306 Jul 2023115 Days
1 Farm Close, Somerton, Somerset, TA11 6QE£325,000£325,000£0030 Jan 202322 Jun 2023143 Days

Most Expensive Streets in Somerton

PostcodeStreetAreaAverageNo. of Sales
TA11 7NTNew StreetSomerton£514,0005
TA11 7HPThe GrangeSomerton£503,7504
TA11 6HXLangport RoadSomerton£501,2504
TA11 6BQPrimrose CloseSomerton£488,7506
TA11 7NLSchool LaneSomerton£470,0004
TA11 6DNButtercup CloseSomerton£452,8005
TA11 7PGMount HeySomerton£451,6663
TA11 6SDBancombe RoadSomerton£447,6005
TA11 6HDSutton RoadSomerton£438,3333
TA11 7NUNew StreetSomerton£436,1483

Least Expensive Streets in Somerton

PostcodeStreetAreaAverageNo. of Sales
TA11 7NRThe MillandsSomerton£158,0003
TA11 6NFMowries CourtSomerton£175,4166
TA11 6JXKing Ina RoadSomerton£195,2005
TA11 7NWKirkham StreetSomerton£204,1663
TA11 6LLWalnut DriveSomerton£206,4416
TA11 7JYLion MewsSomerton£210,4205
TA11 6TZThe BakeriesSutton Road£210,8333
TA11 6LSEtsome TerraceSomerton£211,0003
TA11 6FRDairy CourtSomerton£219,59010
TA11 6QXSt Cleers OrchardSomerton£221,3754

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