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House Prices in IP31 House Prices in IP31 (Bury St. Edmunds)

The average house price in IP31 (Bury St. Edmunds) is £499,250 using HM Land Registry data.

The average property price increased by £66,821 (12.78%) over the last 5 years and increased by £13,358 (2.12%) over the last 12 months.

Over the last year, there were 205 residential property sales – a decrease of 216 transactions (-105.37%) relative to the previous year. The majority of house sales (56) were in the £296,000 - £372,000 range. Then came properties in the £220,000 - £296,000 range, where 51 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 51 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-15,816 (-3%).

In June 2024, there were 56 new estate agency instructions, 23 agreed home sales and 31 property price reductions.

Nearby Postcodes: CB7, CB8, CO10, IP13, IP14, IP21, IP22, IP23, IP24, IP25, IP26, IP27, IP28, IP29, IP30, IP32, IP33, IP6, IP7, IP8, NR15, NR16, NR17

5-Year Average Property Prices in IP31 (Bury St. Edmunds)

12.78%

Property prices in Bury St. Edmunds increased by 12.78% 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 IP31 (Bury St. Edmunds) Over the Last Year

2.12%

Property prices in Bury St. Edmunds increased by 2.12% 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 IP31 (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 IP31 (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 IP31 (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 IP31 (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 IP31 (Bury St. Edmunds) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the IP31 postcode area since 1995.

Recent Sales in IP31 (Bury St. Edmunds)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
5 The Street, Great Barton, Bury St Edmunds, Suffolk, IP31 2QP£299,995£290,500-£9,49527 Oct 202307 May 2024193 Days
18 Ashfield Road, Norton, Bury St Edmunds, Suffolk, IP31 3NJ£320,000£320,000£0028 Nov 202326 Apr 2024150 Days
39 Hopton Road, Barningham, Bury St Edmunds, Suffolk, IP31 1BU£200,000£195,500-£4,50006 Jan 202405 Apr 202490 Days
2 Grove Park, Walsham Le Willows, Bury St Edmunds, Suffolk, IP31 3AE£275,000£275,000£0017 Jan 202422 Mar 202465 Days
2 North Close, Stanton, Bury St Edmunds, Suffolk, IP31 2BL£350,000£340,000-£10,00029 Mar 202322 Mar 2024359 Days
2 Millfield Road, Barningham, Bury St Edmunds, Suffolk, IP31 1DY£300,000£294,000-£6,00019 Oct 202305 Mar 2024138 Days
23 Victoria Close, Thurston, Bury St Edmunds, Suffolk, IP31 3SX£315,000£312,500-£2,50009 Dec 202301 Mar 202483 Days
22 Honeymeade Close, Stanton, Bury St Edmunds, Suffolk, IP31 2EF£350,000£347,000-£3,00002 Oct 202301 Mar 2024151 Days
10 Wren Close, Thurston, Bury St Edmunds, Suffolk, IP31 3TQ£350,000£342,000-£8,00012 Jul 202328 Feb 2024231 Days
26 Downing Drive, Great Barton, Bury St Edmunds, Suffolk, IP31 2RP£450,000£450,000£0023 Oct 202327 Feb 2024127 Days
2 Woodland Place, Great Barton, Bury St Edmunds, Suffolk, IP31 2TG£500,000£500,000£0029 Aug 202321 Feb 2024176 Days
Greenwood, Mill Road, Barningham, Bury St Edmunds, Suffolk, IP31 1BT£545,000£545,000£0026 Jul 202309 Feb 2024198 Days
Salix, Wattisfield Road, Walsham Le Willows, Bury St Edmunds, Suffolk, IP31 3BD£200,000£200,000£0006 Oct 202305 Feb 2024122 Days
108 High Street, Ixworth, Bury St Edmunds, Suffolk, IP31 2HN£250,000£250,000£0025 Oct 202331 Jan 202498 Days
Harvest Cottage, Great Green, Thurston, Bury St Edmunds, Suffolk, IP31 3SL£450,000£440,000-£10,00004 Sep 202331 Jan 2024149 Days
Maltings End, Hopton Road, Barningham, Bury St Edmunds, Suffolk, IP31 1BU£285,000£250,000-£35,00016 Mar 202230 Jan 2024685 Days
19 Lammas Close, Bardwell, Bury St Edmunds, Suffolk, IP31 1AF£210,000£200,000-£10,00028 Jul 202319 Jan 2024175 Days
37 Maltings Garth, Thurston, Bury St Edmunds, Suffolk, IP31 3PP£350,000£350,000£0022 Sep 202316 Jan 2024116 Days
4 Mill Close, Walsham Le Willows, Bury St Edmunds, Suffolk, IP31 3BW£220,000£215,000-£5,00006 Jul 202308 Jan 2024186 Days
7 Grundle Close, Stanton, Bury St Edmunds, Suffolk, IP31 2XD£260,000£260,000£0006 Oct 202303 Jan 202489 Days

Most Expensive Streets in IP31 (Bury St. Edmunds)

PostcodeStreetAreaAverageNo. of Sales
IP31 2RQSchool Lane, Great BartonBury St. Edmunds£1,062,2005
IP31 2SBLivermere Road, Great BartonBury St. Edmunds£961,0005
IP31 3APWest Street, Walsham Le WillowsBury St. Edmunds£782,3333
IP31 2SUThe Park, Great BartonBury St. Edmunds£770,0008
IP31 3JALong Thurlow, Bury St EdmundsBury St. Edmunds£722,9166
IP31 3FYCutcheys Field, Badwell AshBury St. Edmunds£711,6663
IP31 2JWLower Farm Drive, IxworthBury St. Edmunds£701,6663
IP31 3LJIxworth Road, NortonBury St. Edmunds£676,5717
IP31 3NNAshfield Road, NortonBury St. Edmunds£674,5008
IP31 3EELangham, Bury St. Edmunds, SuffolkBury St. Edmunds£667,5004

Least Expensive Streets in IP31 (Bury St. Edmunds)

PostcodeStreetAreaAverageNo. of Sales
IP31 2AXField Court, StantonBury St. Edmunds£92,7005
IP31 3QFRylands Close, ThurstonBury St. Edmunds£115,0003
IP31 3NRThe Horseshoes, NortonBury St. Edmunds£128,3333
IP31 1LJPoplar Close, HoningtonBury St. Edmunds£177,95010
IP31 2XBConey Walk, StantonBury St. Edmunds£178,5003
IP31 3DEBroad Meadow, Walsham Le WillowsBury St. Edmunds£193,6005
IP31 3RZSt Peters Way, ThurstonBury St. Edmunds£198,3333
IP31 2EDSturgeon Way, StantonBury St. Edmunds£198,6005
IP31 3JDLong Thurlow Row, Badwell AshBury St. Edmunds£200,0003
IP31 3AAThe Street, Walsham Le WillowsBury St. Edmunds£205,8577

Explore IP31 (Bury St. Edmunds) using map

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