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Sowerby House Prices Sowerby House Prices

The average house price in Sowerby is £292,925 using HM Land Registry data.

The average property price increased by £38,260 (16.07%) over the last 5 years and increased by £7,647 (2.85%) over the last 12 months.

Over the last year, there were 63 residential property sales – a decrease of 99 transactions (-157.14%) relative to the previous year. The majority of house sales (17) were in the £204,000 - £258,000 range. Then came properties in the £258,000 - £312,000 range, where 12 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 42 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-3,000 (-1%).

In April 2024, there were 18 new estate agency instructions, 9 agreed home sales and 5 property price reductions.

Neighbouring Areas: Thirsk

Postcodes Covered: YO7

5-Year Average Property Prices in Sowerby

16.07%

Property prices in Sowerby increased by 16.07% 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 Sowerby Over the Last Year

2.85%

Property prices in Sowerby increased by 2.85% 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 Sowerby - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 Sowerby

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 Sowerby

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 Sowerby

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 Sowerby since 1995

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

Recent Property Sales in Sowerby

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
20 Mowbray Place, Sowerby, Thirsk, North Yorkshire, YO7 1RF£480,000£480,000£0029 Aug 202313 Nov 202376 Days
46 Kings Meadows, Sowerby, Thirsk, North Yorkshire, YO7 1PB£385,000£385,000£0025 Jul 202318 Oct 202385 Days
71 Saxty Way, Sowerby, Thirsk, North Yorkshire, YO7 1SF£280,000£270,000-£10,00001 Jun 202313 Oct 2023134 Days
8 Saxty Way, Sowerby, Thirsk, North Yorkshire, YO7 1SA£235,000£235,000£0009 Jun 202312 Oct 2023125 Days
7 Croft Gardens, Sowerby, Thirsk, North Yorkshire, YO7 1NF£400,000£400,000£0019 Jun 202306 Oct 2023109 Days
4 Admirals Court, Sowerby, Thirsk, North Yorkshire, YO7 1RP£235,000£230,000-£5,00020 May 202304 Oct 2023137 Days
91 Front Street, Sowerby, Thirsk, North Yorkshire, YO7 1JP£265,000£265,000£0008 Jul 202306 Sep 202360 Days
7 Cocked Hat Park, Sowerby, Thirsk, North Yorkshire, YO7 3HB£425,000£425,000£0017 Mar 202330 Aug 2023166 Days
70 Front Street, Sowerby, Thirsk, North Yorkshire, YO7 1JF£490,000£470,000-£20,00024 Aug 202218 Aug 2023359 Days
6 Danum Avenue, Sowerby, Thirsk, North Yorkshire, YO7 1RU£250,000£245,000-£5,00025 Jan 202301 Aug 2023188 Days
3 Sowerby Terrace, Sowerby, Thirsk, North Yorkshire, YO7 1HT£450,000£450,000£0003 Mar 202319 Jul 2023138 Days
49 Cocked Hat Park, Sowerby, Thirsk, North Yorkshire, YO7 3HB£375,000£375,000£0008 Apr 202305 Jul 202388 Days
24 Victoria Avenue, Sowerby, Thirsk, North Yorkshire, YO7 1QX£245,000£235,000-£10,00023 Feb 202326 May 202392 Days
18 Danum Avenue, Sowerby, Thirsk, North Yorkshire, YO7 1RU£239,950£227,500-£12,45013 Jan 202326 May 2023133 Days
70 Topcliffe Road, Sowerby, Thirsk, North Yorkshire, YO7 1RT£425,000£415,000-£10,00010 Dec 202211 May 2023152 Days
2 Sowerby Terrace, Sowerby, Thirsk, North Yorkshire, YO7 1HT£450,000£425,000-£25,00002 Dec 202221 Apr 2023140 Days
122a, Front Street, Sowerby, Thirsk, North Yorkshire, YO7 1JJ£279,950£250,000-£29,95017 Apr 202321 Apr 20234 Days
6 School Garth, Sowerby, Thirsk, North Yorkshire, YO7 1PD£185,000£175,000-£10,00010 Nov 202228 Feb 2023110 Days
43 Kings Meadows, Sowerby, Thirsk, North Yorkshire, YO7 1PB£235,000£221,000-£14,00010 Jun 202222 Sep 2022104 Days
11 Railway Terrace, Sowerby, Thirsk, North Yorkshire, YO7 1QT£215,000£210,000-£5,00023 Mar 202210 Jun 202279 Days

Most Expensive Streets in Sowerby

PostcodeStreetAreaAverageNo. of Sales
YO7 1NGCroft HeadsSowerby£404,3333
YO7 1JYBlakey LaneSowerby£385,6663
YO7 1RBTopcliffe RoadSowerby£371,2504
YO7 3QAPoplar CrescentSowerby£359,6116
YO7 3HBCocked Hat ParkSowerby£348,7438
YO7 1RTTopcliffe RoadSowerby£336,6663
YO7 1REBelgrave TerraceSowerby£331,6254
YO7 1JQFront StreetSowerby£321,3438
YO7 1NYCroft HeadsSowerby£321,2504
YO7 1RFMowbray PlaceSowerby£310,9905

Least Expensive Streets in Sowerby

PostcodeStreetAreaAverageNo. of Sales
YO7 1STDe Mowbray CourtBack Lane£86,7857
YO7 1HZSowerby RoadSowerby£103,8333
YO7 1QJThe MaltingsSowerby£111,54510
YO7 1QUTopcliffe RoadSowerby£156,1663
YO7 1NUKings GardensSowerby£158,2504
YO7 1QGRacecourse MewsThirsk£171,6663
YO7 1PDSchool GarthSowerby£180,6005
YO7 1QYMelbourne PlaceSowerby£188,6663
YO7 1GTOrchid HouseAcacia Drive£198,1124
YO7 1PBKings MeadowsSowerby£201,1188

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