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House Prices in IP29

The average house price in IP29 (Bury St. Edmunds) is £332,500 using HM Land Registry data.

The average property price increased by £146,238 (18.45%) over the last 5 years and increased by £29,235 (2.93%) over the last 12 months.

Over the last year, there were 91 residential property sales – a decrease of 3 transactions (-3.30%) relative to the previous year. The majority of house sales (23) were in the £240,000 - £344,000 range. Then came properties in the £344,000 - £448,000 range, where 21 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 46 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,613 (-1%).

In June 2024, there were 16 new estate agency instructions, 20 agreed home sales and 15 property price reductions.

5-Year Average Property Prices in IP29 (Bury St. Edmunds)

18.45%

Property prices in Bury St. Edmunds increased by 18.45% 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 IP29 (Bury St. Edmunds) Over the Last Year

2.93%

Property prices in Bury St. Edmunds increased by 2.93% 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.

Property Market Heat Gauge for IP29 (Bury St. Edmunds) - 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 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 IP29 (Bury St. Edmunds)

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 IP29 (Bury St. Edmunds)

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 IP29 (Bury St. Edmunds)

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 IP29 (Bury St. Edmunds) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the IP29 postcode area since 1995.

Recent Sales in IP29 (Bury St. Edmunds)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
1 Park Farm Cottages, Boxted, Bury St Edmunds, Suffolk, IP29 4JU	£325,000	£316,500	-£8,500	08 Nov 2023	03 May 2024	177 Days
5 Kings Park, Chedburgh, Bury St Edmunds, Suffolk, IP29 4TY	£699,995	£685,000	-£14,995	09 Oct 2023	25 Apr 2024	199 Days
Court Cottage, The Street, Shimpling, Bury St Edmunds, Suffolk, IP29 4HS	£575,000	£565,000	-£10,000	10 Jan 2024	12 Apr 2024	93 Days
The Forge, The Green, Hartest, Bury St Edmunds, Suffolk, IP29 4DH	£550,000	£500,000	-£50,000	31 Oct 2023	18 Mar 2024	139 Days
14 The Limes, Horringer, Bury St Edmunds, Suffolk, IP29 5SQ	£550,000	£540,000	-£10,000	11 Aug 2023	15 Mar 2024	217 Days
1 Woodcrofts Close, Brockley, Bury St Edmunds, Suffolk, IP29 4BA	£390,000	£390,000	£00	04 Apr 2023	23 Feb 2024	325 Days
9 Hawthorn Drive, Horringer, Bury St Edmunds, Suffolk, IP29 5SS	£345,000	£340,000	-£5,000	27 Jul 2023	15 Jan 2024	172 Days
33 Paddock Way, Chedburgh, Bury St Edmunds, Suffolk, IP29 4UY	£230,000	£230,000	£00	23 Jun 2023	20 Dec 2023	180 Days
Farriers End, Colethorpe Lane, Barrow, Bury St Edmunds, Suffolk, IP29 5BG	£475,000	£460,000	-£15,000	25 Jul 2023	08 Dec 2023	136 Days
Thatched Cottage, The Row, Hartest, Bury St Edmunds, Suffolk, IP29 4DJ	£500,000	£455,000	-£45,000	05 Apr 2023	05 Dec 2023	244 Days
South West Lodge, Rede Road, Whepstead, Bury St Edmunds, Suffolk, IP29 4ST	£795,000	£779,000	-£16,000	09 Sep 2023	04 Dec 2023	86 Days
3 Rokewood Place, Stanningfield, Bury St Edmunds, Suffolk, IP29 4RF	£295,000	£282,000	-£13,000	30 Aug 2023	01 Dec 2023	93 Days
Chegada, Melford Road, Lawshall, Bury St Edmunds, Suffolk, IP29 4PX	£450,000	£450,000	£00	03 Jul 2023	22 Nov 2023	142 Days
2 Tennis Field, Chevington, Bury St Edmunds, Suffolk, IP29 5QW	£325,000	£307,000	-£18,000	16 Aug 2023	17 Nov 2023	93 Days
Paddington, Bury Road, Brockley, Bury St Edmunds, Suffolk, IP29 4AH	£475,000	£410,000	-£65,000	04 Aug 2023	14 Nov 2023	102 Days
1 Rectory Grove, Whepstead, Bury St Edmunds, Suffolk, IP29 4TP	£775,000	£720,000	-£55,000	19 May 2023	09 Nov 2023	174 Days
Larkdene, Old School Road, Whepstead, Bury St Edmunds, Suffolk, IP29 4UA	£675,000	£670,000	-£5,000	26 Jun 2023	30 Oct 2023	126 Days
Old Forge Cottage, The Green, Hawstead, Bury St Edmunds, Suffolk, IP29 5NP	£600,000	£570,000	-£30,000	03 May 2023	20 Oct 2023	170 Days
3 Birdbrook, Brockley, Bury St Edmunds, Suffolk, IP29 4AA	£479,995	£474,995	-£5,000	20 Jun 2023	17 Oct 2023	119 Days
1 Tudor Close, Chedburgh, Bury St Edmunds, Suffolk, IP29 4XD	£335,000	£335,000	£00	27 Apr 2023	04 Oct 2023	160 Days

Most Expensive Streets in IP29 (Bury St. Edmunds)

Postcode	Street	Area	Average	No. of Sales
IP29 5LH	Little Saxham, Bury St Edmunds	Bury St. Edmunds	£1,261,250	4
IP29 4BE	Rede, Bury St Edmunds	Bury St. Edmunds	£969,333	3
IP29 4PY	Melford Road, Lawshall	Bury St. Edmunds	£765,000	3
IP29 4ET	Shimpling Road, Hartest	Bury St. Edmunds	£707,333	3
IP29 4UA	Old School Road, Whepstead	Bury St. Edmunds	£691,250	4
IP29 4EA	Hartest, Bury St Edmunds	Bury St. Edmunds	£678,000	3
IP29 5PR	Glebe Close, Horringer	Bury St. Edmunds	£663,333	3
IP29 4HL	Little Chadacre, Shimpling	Bury St. Edmunds	£638,333	3
IP29 4DH	The Green, Hartest	Bury St. Edmunds	£616,000	5
IP29 4PB	Harrow Green, Lawshall	Bury St. Edmunds	£611,000	3

Least Expensive Streets in IP29 (Bury St. Edmunds)

Postcode	Street	Area	Average	No. of Sales
IP29 5PU	Place Farm Drive, Whepstead Road	Bury St. Edmunds	£183,333	3
IP29 5RW	Depden Lane, Chevington	Bury St. Edmunds	£223,571	7
IP29 4UY	Paddock Way, Chedburgh	Bury St. Edmunds	£226,874	9
IP29 4PW	The Glebe, Lawshall	Bury St. Edmunds	£234,375	6
IP29 5LZ	Almshouses, High Green	Bury St. Edmunds	£235,000	4
IP29 4RU	Fox Cottages, Stanningfield	Bury St. Edmunds	£238,333	3
IP29 4WD	Stirling Close, Chedburgh	Bury St. Edmunds	£243,000	4
IP29 4RT	Beechcroft, Stanningfield	Bury St. Edmunds	£244,000	3
IP29 5AF	Brittons Road, Barrow	Bury St. Edmunds	£244,166	3
IP29 5DJ	Ley Road, Barrow	Bury St. Edmunds	£270,800	5