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Witham House Prices Witham House Prices

The average house price in Witham is £231,964 using HM Land Registry data.

The average property price increased by £39,406 (13.83%) over the last 5 years and increased by £7,876 (2.49%) over the last 12 months.

Over the last year, there were 309 residential property sales – a decrease of 204 transactions (-66.02%) relative to the previous year. The majority of house sales (90) were in the £266,000 - £324,000 range. Then came properties in the £324,000 - £382,000 range, where 54 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 54 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,224 (-1%).

In April 2024, there were 65 new estate agency instructions, 46 agreed home sales and 37 property price reductions.

Postcodes Covered: CM8

5-Year Average Property Prices in Witham

13.83%

Property prices in Witham increased by 13.83% 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 Witham Over the Last Year

2.49%

Property prices in Witham increased by 2.49% 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 Witham - 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 Witham

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 Witham

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 Witham

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 Witham since 1995

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

Recent Property Sales in Witham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
128 Epping Way, Witham, Essex, CM8 1NQ£300,000£287,500-£12,50018 Sep 202308 Mar 2024172 Days
36 Harebell Drive, Witham, Essex, CM8 2XB£390,000£390,000£0006 Nov 202301 Mar 2024116 Days
Flat 1, Moorfield Court, Newland Street, Witham, Essex, CM8 1AE£110,000£93,000-£17,00009 Nov 202329 Feb 2024112 Days
165 Honeysuckle Way, Witham, Essex, CM8 2YD£325,000£315,000-£10,00015 Sep 202302 Feb 2024140 Days
18 Foster Court, Witham, Essex, CM8 2TQ£160,000£150,000-£10,00008 Sep 202329 Jan 2024143 Days
24 Mortimer Way, Witham, Essex, CM8 1UJ£190,000£183,000-£7,00008 Aug 202321 Dec 2023135 Days
73 Cornel Close, Witham, Essex, CM8 2XH£300,000£295,000-£5,00019 Jun 202320 Dec 2023184 Days
7 Alder Walk, Witham, Essex, CM8 2PP£260,000£257,000-£3,00009 May 202301 Dec 2023206 Days
49 Greenwell Road, Witham, Essex, CM8 1SY£400,000£380,000-£20,00026 May 202329 Nov 2023187 Days
29 Siward Road, Witham, Essex, CM8 1PL£270,000£270,000£0007 Aug 202327 Nov 2023112 Days
64 Highfields Road, Witham, Essex, CM8 2HJ£425,000£420,000-£5,00023 Feb 202321 Nov 2023271 Days
15 Foster Court, Witham, Essex, CM8 2TQ£160,000£155,000-£5,00021 Jun 202317 Nov 2023149 Days
Mallards, Pattison Close, Witham, Essex, CM8 1JF£900,000£860,000-£40,00024 Jul 202313 Nov 2023112 Days
1 Hawkes Road, Witham, Essex, CM8 1FL£195,000£195,000£0006 Jun 202306 Nov 2023153 Days
57 Hatfield Road, Witham, Essex, CM8 1EF£400,000£400,000£0011 Aug 202303 Nov 202384 Days
125 Cressing Road, Witham, Essex, CM8 2NW£390,000£387,000-£3,00006 Apr 202301 Nov 2023209 Days
24 Bellfield Close, Witham, Essex, CM8 2BP£170,000£170,000£0007 Jun 202301 Nov 2023147 Days
Flat 54, Moorfield Court, Newland Street, Witham, Essex, CM8 1AE£80,000£75,000-£5,00019 Aug 202320 Oct 202362 Days
21 Brent Close, Witham, Essex, CM8 1TJ£280,000£270,000-£10,00001 Aug 202320 Oct 202380 Days
34 Cornel Close, Witham, Essex, CM8 2XH£290,000£290,000£0012 Jul 202320 Oct 2023100 Days

Most Expensive Streets in Witham

PostcodeStreetAreaAverageNo. of Sales
CM8 1JFPattison CloseWitham£795,0003
CM8 1HGWitham LodgeWitham£755,8333
CM8 2DZCollingwood RoadWitham£676,6666
CM8 1YLBradshaw GardensWitham£649,9963
CM8 1ENHatfield RoadWitham£618,3333
CM8 2HEPowers Hall EndWitham£614,3754
CM8 1HWGershwin BoulevardWitham£603,3333
CM8 2HQHighfields RoadWitham£595,1663
CM8 3HQRickstones RoadRivenhall£563,7504
CM8 1ZBAdams CroftWitham£561,09510

Least Expensive Streets in Witham

PostcodeStreetAreaAverageNo. of Sales
CM8 2GGBabbs CourtWitham£81,8004
CM8 1YHMill Vale LodgeGuithavon Street, Witham£91,5628
CM8 1ALNewland CourtNewland Street, Witham£97,21816
CM8 2GWHammond CourtJopson Mews£113,8438
CM8 1YPIngles DriveWitham£117,3333
CM8 2TQFoster CourtWitham£122,67520
CM8 3FACrittall CourtCrittall Road£132,00012
CM8 1AEMoorfield CourtNewland Street, Witham£135,93423
CM8 2UZArmiger WayWitham£136,2504
CM8 1XEWickham RoadWitham£154,08312

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