FREEPHONE 0800 044 3733 Lines Open 24/7
FREE Cash Offer CALL US on FREEPHONE0800 044 3733
You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in CM23

House Prices in CM23 House Prices in CM23 (Bishop's Stortford)

The average house price in CM23 (Bishop's Stortford) is £481,134 using HM Land Registry data.

The average property price increased by £78,298 (14.05%) over the last 5 years and increased by £15,653 (2.31%) over the last 12 months.

Over the last year, there were 403 residential property sales – a decrease of 269 transactions (-66.75%) relative to the previous year. The majority of house sales (96) were in the £354,000 - £478,000 range. Then came properties in the £230,000 - £354,000 range, where 88 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 86 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,665 (-2%).

In June 2024, there were 168 new estate agency instructions, 72 agreed home sales and 72 property price reductions.

Nearby Postcodes: CB10, CB11, CM17, CM20, CM21, CM22, CM24, CM6, SG10, SG11, SG12, SG2, SG7, SG8, SG9

5-Year Average Property Prices in CM23 (Bishop's Stortford)

14.05%

Property prices in Bishop's Stortford increased by 14.05% 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 CM23 (Bishop's Stortford) Over the Last Year

2.31%

Property prices in Bishop's Stortford increased by 2.31% 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 CM23 (Bishop's Stortford) - June 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 CM23 (Bishop's Stortford)

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 CM23 (Bishop's Stortford)

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 CM23 (Bishop's Stortford)

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 CM23 (Bishop's Stortford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the CM23 postcode area since 1995.

Recent Sales in CM23 (Bishop's Stortford)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
6 Thornfield Road, Bishop's Stortford, Hertfordshire, CM23 2RB£795,000£780,000-£15,00024 Jan 202403 May 2024100 Days
67 Winchester Close, Bishop's Stortford, Hertfordshire, CM23 4JQ£525,000£525,000£0020 Nov 202302 May 2024164 Days
51 Honeybourne, Bishop's Stortford, Hertfordshire, CM23 4EE£430,000£422,500-£7,50027 Oct 202326 Apr 2024182 Days
20 Yeomans Close, Thorley, Bishop's Stortford, Hertfordshire, CM23 4EU£360,000£360,000£0012 Jan 202419 Apr 202498 Days
89 Cavell Drive, Bishop's Stortford, Hertfordshire, CM23 5PX£465,000£460,000-£5,00013 Nov 202315 Apr 2024154 Days
41 Mayflower Gardens, Bishop's Stortford, Hertfordshire, CM23 4PA£800,000£780,000-£20,00019 Oct 202305 Apr 2024169 Days
Flat 3, Emmerson House, South Road, Bishop's Stortford, Hertfordshire, CM23 3JJ£215,000£199,000-£16,00024 Nov 202328 Mar 2024125 Days
3 Kestrel Gardens, Bishop's Stortford, Hertfordshire, CM23 4LU£625,000£612,500-£12,50011 Sep 202328 Mar 2024199 Days
11 Birchwood, Birchanger, Bishop's Stortford, Essex, CM23 5QL£475,000£470,050-£4,95014 Sep 202327 Mar 2024195 Days
11 Kingsmead Road, Bishop's Stortford, Hertfordshire, CM23 2AG£875,000£850,000-£25,00012 Jan 202427 Mar 202475 Days
65 Honeybourne, Bishop's Stortford, Hertfordshire, CM23 4ED£545,000£517,500-£27,50014 Nov 202322 Mar 2024129 Days
70 Dimsdale Crescent, Bishop's Stortford, Hertfordshire, CM23 5LN£180,000£175,000-£5,00026 Oct 202322 Mar 2024148 Days
95 Honeybourne, Bishop's Stortford, Hertfordshire, CM23 4EF£415,000£410,000-£5,00023 Oct 202320 Mar 2024149 Days
59 Southmill Road, Bishop's Stortford, Hertfordshire, CM23 3DH£385,000£377,482-£7,51814 Sep 202315 Mar 2024183 Days
111 The Thatchers, Bishop's Stortford, Hertfordshire, CM23 4GU£375,000£368,000-£7,00014 Nov 202308 Mar 2024115 Days
33 Ascot Close, Bishop's Stortford, Hertfordshire, CM23 5BP£375,000£350,000-£25,00030 Sep 202301 Mar 2024153 Days
12 Queens Crescent, Bishop's Stortford, Hertfordshire, CM23 3RR£400,000£390,000-£10,00011 Sep 202301 Mar 2024172 Days
24 Woodhall Grove, Bishop's Stortford, Hertfordshire, CM23 4HE£500,000£480,000-£20,00022 Sep 202328 Feb 2024159 Days
Flat 24, St Catherines Court, Windhill, Bishop's Stortford, Hertfordshire, CM23 2NE£175,000£170,000-£5,00022 Dec 202222 Feb 2024427 Days
20 Lindsey Road, Bishop's Stortford, Hertfordshire, CM23 2TA£595,000£587,500-£7,50021 Jul 202321 Feb 2024215 Days

Most Expensive Streets in CM23 (Bishop's Stortford)

PostcodeStreetAreaAverageNo. of Sales
CM23 5FHMadigan PlaceBishop's Stortford£1,796,6663
CM23 5NTAvenue RoadBishop's Stortford£1,721,2504
CM23 5LBThorn GroveBishop's Stortford£1,556,5004
CM23 2FUThe PasturesBishop's Stortford£1,352,0005
CM23 2PJMaze Green RoadBishop's Stortford£1,332,5003
CM23 1JLWestwood PlaceBishop's Stortford£1,266,2504
CM23 2SFChantry RoadBishop's Stortford£1,256,6663
CM23 2RUMaze Green HeightsBishop's Stortford£1,189,1663
CM23 2REWestfield RoadBishop's Stortford£1,155,5005
CM23 1JRHassobury, FarnhamBishop's Stortford£1,153,0005

Least Expensive Streets in CM23 (Bishop's Stortford)

PostcodeStreetAreaAverageNo. of Sales
CM23 1EZHolland Court, Allerthorp RoadBishop's Stortford£118,3336
CM23 2XRCastle View, Hockerill Street, Bishop's StortfordBishop's Stortford£120,96113
CM23 3DESwan Court, South Street, Bishop's StortfordBishop's Stortford£123,8333
CM23 2UGElliott Court, Legion WayBishop's Stortford£161,00010
CM23 3BSEider Court, John Dyde CloseBishop's Stortford£176,8758
CM23 3GRKnights RowBishop's Stortford£183,4166
CM23 3EEThomas Heskin Court, Station RoadBishop's Stortford£187,0803
CM23 2NWMasons CourtBishop's Stortford£193,0005
CM23 3YPRushes CourtBishop's Stortford£195,9995
CM23 5GWJoscelyn YardBishop's Stortford£198,3333

Explore CM23 (Bishop's Stortford) using map

Sell Your
House Fast
Property Auctions Hertfordshire
Property Auctions Hertfordshire
We Buy
Any House
House
Valuation
Tools

Selling?
Get Your FREE
House Valuation Report

Office for National Statistics & Land Registry

We Are Regulated:

Property Ombudsman
Gov.UK Money Laundering Regulations
Trading Standards Approved
National Association of Property Buyers (NAPB)
ICO Registered
NAEA PropertyMark