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Spennymoor House Prices Spennymoor House Prices

The average house price in Spennymoor is £115,528 using HM Land Registry data.

The average property price increased by £22,113 (16.69%) over the last 5 years and increased by £4,419 (2.94%) over the last 12 months.

Over the last year, there were 236 residential property sales – a decrease of 136 transactions (-57.63%) relative to the previous year. The majority of house sales (60) were in the £60,000 - £96,000 range. Then came properties in the £96,000 - £132,000 range, where 44 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 69 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,896 (-3%).

In April 2024, there were 45 new estate agency instructions, 25 agreed home sales and 10 property price reductions.

Postcodes Covered: DH6, DL16, DL17

5-Year Average Property Prices in Spennymoor

16.69%

Property prices in Spennymoor increased by 16.69% 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 Spennymoor Over the Last Year

2.94%

Property prices in Spennymoor increased by 2.94% 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 Spennymoor - 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 Spennymoor

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 Spennymoor

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 Spennymoor

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 Spennymoor since 1995

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

Recent Property Sales in Spennymoor

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
82 Heath Road, Spennymoor, County Durham, DL16 7DS£80,000£80,000£0003 Nov 202322 Feb 2024111 Days
61 Parkside, Spennymoor, County Durham, DL16 6SA£175,000£173,000-£2,00013 Nov 202307 Feb 202486 Days
18 Mayfields, Spennymoor, County Durham, DL16 6RN£129,950£127,000-£2,95013 Sep 202326 Jan 2024135 Days
84 Upper Church Street, Spennymoor, County Durham, DL16 6HS£65,000£64,000-£1,00023 Nov 202326 Jan 202464 Days
108 Parkside, Spennymoor, County Durham, DL16 6RX£150,000£150,000£0017 Jul 202326 Jan 2024193 Days
76 Upper Church Street, Spennymoor, County Durham, DL16 6HS£55,000£50,500-£4,50011 Aug 202322 Jan 2024164 Days
1 Ohanlan Street, Spennymoor, County Durham, DL16 6RY£92,000£92,000£0019 Apr 202315 Dec 2023240 Days
15 Deneside, Spennymoor, County Durham, DL16 6RB£70,000£70,000£0028 Sep 202315 Dec 202378 Days
33 Hazelmere, Spennymoor, County Durham, DL16 6UL£127,950£125,000-£2,95009 May 202312 Dec 2023217 Days
45 St Charles Road, Spennymoor, County Durham, DL16 6JY£195,000£192,409-£2,59114 Jul 202301 Dec 2023140 Days
53 Parkside, Spennymoor, County Durham, DL16 6SA£165,000£160,000-£5,00006 Sep 202322 Nov 202377 Days
33 Thirlmere, Spennymoor, County Durham, DL16 6UE£175,000£168,000-£7,00024 Jun 202317 Nov 2023146 Days
91 Durham Road, Spennymoor, County Durham, DL16 6JW£109,950£104,000-£5,95011 May 202317 Nov 2023190 Days
12 Clover Court, Spennymoor, County Durham, DL16 6FE£159,950£155,000-£4,95004 Sep 202310 Nov 202367 Days
68 Whitworth Terrace, Spennymoor, County Durham, DL16 7LF£195,000£187,000-£8,00007 Jul 202310 Nov 2023126 Days
78 Mayfields, Spennymoor, County Durham, DL16 6RP£130,000£130,000£0013 Jul 202310 Nov 2023120 Days
1 Easby Court, Spennymoor, County Durham, DL16 6YU£269,950£260,000-£9,95005 Apr 202310 Nov 2023219 Days
36 St Pauls Close, Spennymoor, County Durham, DL16 7NG£99,950£97,500-£2,45015 Aug 202309 Nov 202386 Days
36 Moorside, Spennymoor, County Durham, DL16 7EA£82,950£82,950£0031 Aug 202306 Nov 202367 Days
5 Broom Street, Spennymoor, County Durham, DL16 6HW£67,500£67,500£0016 Jun 202330 Oct 2023136 Days

Most Expensive Streets in Spennymoor

PostcodeStreetAreaAverageNo. of Sales
DL16 6NNEve LaneSpennymoor£397,5559
DL16 6FHSeven Hills CourtSpennymoor£374,0005
DL16 6PAHay LaneSpennymoor£310,3734
DL16 7UNHolindaleSpennymoor£282,3163
DL16 7LJWestmoor CloseSpennymoor£280,0756
DL16 6JYSt Charles RoadSpennymoor£271,6768
DL16 7DFSouth ViewSpennymoor£271,4287
DL16 7YEPrimrose CloseSpennymoor£263,7336
DL16 7FELotherton DriveSpennymoor£260,7234
DL16 6HEGreen LaneSpennymoor£252,0003

Least Expensive Streets in Spennymoor

PostcodeStreetAreaAverageNo. of Sales
DL16 7TACraddock StreetSpennymoor£43,0416
DL16 7SZCraddock StreetSpennymoor£43,4389
DL16 7TDCraddock StreetSpennymoor£44,3504
DL16 7TPStratton StreetSpennymoor£44,6787
DL16 7TBCraddock StreetSpennymoor£45,0717
DL16 6HPPearson StreetSpennymoor£45,5559
DL16 6QJKing StreetSpennymoor£45,9303
DL16 7TUSouth StreetSpennymoor£49,0895
DL16 7TWStratton StreetSpennymoor£49,9994
DL16 7TZBaff StreetSpennymoor£50,09410

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