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Stansted Mountfitchet House Prices Stansted Mountfitchet House Prices

The average house price in Stansted Mountfitchet is £518,333 using HM Land Registry data.

The average property price increased by £78,539 (17.81%) over the last 5 years and increased by £15,697 (3.12%) over the last 12 months.

Over the last year, there were 70 residential property sales – a decrease of 38 transactions (-54.29%) relative to the previous year. The majority of house sales (14) were in the £320,000 - £420,000 range. Then came properties in the £420,000 - £520,000 range, where 14 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 89 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-23,750 (-4%).

In April 2024, there were 21 new estate agency instructions, 10 agreed home sales and 7 property price reductions.

Postcodes Covered: CM24

5-Year Average Property Prices in Stansted Mountfitchet

17.81%

Property prices in Stansted Mountfitchet increased by 17.81% 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 Stansted Mountfitchet Over the Last Year

3.12%

Property prices in Stansted Mountfitchet increased by 3.12% 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 Stansted Mountfitchet - 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 Stansted Mountfitchet

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 Stansted Mountfitchet

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 Stansted Mountfitchet

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 Stansted Mountfitchet since 1995

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

Recent Property Sales in Stansted Mountfitchet

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
29 St Johns Crescent, Stansted, Essex, CM24 8JT£525,000£495,000-£30,00006 Oct 202309 Feb 2024126 Days
11 Recreation Ground, Stansted, Essex, CM24 8BD£475,000£460,000-£15,00022 Jun 202315 Dec 2023176 Days
44 Blythwood Gardens, Stansted, Essex, CM24 8HH£575,000£545,000-£30,00003 Aug 202305 Dec 2023124 Days
50 Wetherfield, Stansted, Essex, CM24 8JB£550,000£550,000£0014 Jun 202304 Dec 2023173 Days
11 Woodfields, Stansted, Essex, CM24 8AL£425,000£419,000-£6,00005 Jun 202330 Nov 2023178 Days
49 Croasdaile Road, Stansted, Essex, CM24 8DW£500,000£480,000-£20,00007 Jul 202330 Nov 2023146 Days
27 Park Road, Stansted, Essex, CM24 8PB£825,000£812,500-£12,50027 Jul 202324 Nov 2023120 Days
Flat 12, St Stephens Court, Silver Street, Stansted, Essex, CM24 8GA£280,000£267,000-£13,00014 Apr 202324 Nov 2023224 Days
6 Old Bell Close, Stansted, Essex, CM24 8JJ£700,000£690,000-£10,00027 Jul 202317 Nov 2023113 Days
45 Sunnyside, Stansted, Essex, CM24 8AX£400,000£395,000-£5,00021 Jun 202317 Nov 2023149 Days
6 Meadowcroft, Stansted, Essex, CM24 8LD£600,000£595,000-£5,00011 Jul 202309 Nov 2023121 Days
16 Stoney Common, Stansted, Essex, CM24 8NF£385,000£380,000-£5,00022 Mar 202313 Oct 2023205 Days
30 Cambridge Road, Stansted, Essex, CM24 8BZ£550,000£535,000-£15,00026 Jun 202302 Oct 202398 Days
20 Croasdaile Road, Stansted, Essex, CM24 8DN£400,000£390,000-£10,00030 Jan 202321 Sep 2023234 Days
Five Pennies, High Lane, Stansted, Essex, CM24 8LQ£1,150,000£1,100,000-£50,00021 Feb 202312 Sep 2023203 Days
17 Wetherfield, Stansted, Essex, CM24 8JA£450,000£425,000-£25,00015 Feb 202302 Aug 2023168 Days
Meadowside, Gall End Lane, Stansted, Essex, CM24 8LS£1,000,000£995,000-£5,00026 Dec 202227 Jul 2023213 Days
46 West Road, Stansted, Essex, CM24 8NQ£350,000£325,000-£25,00016 Jan 202321 Jul 2023186 Days
106 Cambridge Road, Stansted, Essex, CM24 8DB£700,000£665,000-£35,00030 Jan 202320 Jul 2023171 Days
2 Stoney Place, Stansted, Essex, CM24 8PE£260,000£260,000£0015 Mar 202330 Jun 2023107 Days

Most Expensive Streets in Stansted Mountfitchet

PostcodeStreetAreaAverageNo. of Sales
CM24 8YGGrange PlaceStansted£1,337,5004
CM24 8AHGreenfieldsStansted£888,2504
CM24 8PBPark RoadStansted£825,6254
CM24 8LBBrewery LaneStansted£786,2484
CM24 8LNLower StreetStansted£736,2504
CM24 8LQBirchallsStansted£697,5005
CM24 8HGBlythwood GardensStansted£681,6235
CM24 8HPBentfield RoadStansted£674,8577
CM24 8JTSt Johns CrescentStansted£659,2229
CM24 8XHDairy LaneStansted£636,4378

Least Expensive Streets in Stansted Mountfitchet

PostcodeStreetAreaAverageNo. of Sales
CM24 8JNHermitage CourtBentfield Road£189,7147
CM24 8AEOld Court HouseChapel Hill£206,2005
CM24 8JLHermitage HouseBentfield Road£214,2508
CM24 8NBThe MewsStansted£227,5004
CM24 8PEStoney PlaceStansted£232,8336
CM24 8FPHudgell RoadStansted£234,8427
CM24 8GHWindmill CloseStansted£268,6663
CM24 8GASt Stephens CourtSilver Street, Stansted£281,6119
CM24 8LZRochford CloseStansted£289,7504
CM24 8BEStation RoadStansted£293,3333

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