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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 £507,135 using HM Land Registry data.

The average property price increased by £48,714 (12.78%) over the last 5 years and increased by £9,761 (2.12%) over the last 12 months.

Over the last year, there were 177 residential property sales – a decrease of 148 transactions (-83.62%) relative to the previous year. The majority of house sales (53) were in the £230,000 - £300,000 range. Then came properties in the £300,000 - £370,000 range, where 42 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 50 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-15,816 (-3%).

In Oct 24, there were 43 new estate agency instructions, 42 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) - Oct 24

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
Rivendell, The Street, Pakenham, Bury St Edmunds, Suffolk, IP31 2JU£500,000£480,000-£20,00021 Dec 202306 Aug 2024229 Days
Windwhistle, East Barton Road, Great Barton, Bury St Edmunds, Suffolk, IP31 2RF£675,000£665,000-£10,00007 Feb 202401 Aug 2024176 Days
36 Victoria Close, Thurston, Bury St Edmunds, Suffolk, IP31 3SX£330,000£330,000£0001 May 202417 Jul 202477 Days
4 The Horseshoes, Norton, Bury St Edmunds, Suffolk, IP31 3NR£90,000£90,000£0004 Sep 202324 Jun 2024294 Days
7 Staple Close, Walsham Le Willows, Bury St Edmunds, Suffolk, IP31 3DB£240,000£240,000£0010 Jan 202421 Jun 2024163 Days
50 Fordhams Close, Stanton, Bury St Edmunds, Suffolk, IP31 2EE£240,000£235,000-£5,00029 Nov 202331 May 2024184 Days
Elgan House, Ashfield Road, Norton, Bury St Edmunds, Suffolk, IP31 3NJ£650,000£645,000-£5,00021 Apr 202331 May 2024406 Days
Wrattlers, Livermere Road, Great Barton, Bury St Edmunds, Suffolk, IP31 2QG£500,000£490,000-£10,00001 Nov 202329 May 2024210 Days
Willowbank, Fen Road, Pakenham, Bury St Edmunds, Suffolk, IP31 2LS£450,000£440,000-£10,00018 Jan 202428 May 2024131 Days
38 Chalk Lane, Ixworth, Bury St Edmunds, Suffolk, IP31 2JQ£350,000£335,000-£15,00018 Jan 202424 May 2024127 Days
6 Garrard Place, Ixworth, Bury St Edmunds, Suffolk, IP31 2EP£220,000£220,000£0031 Jan 202424 May 2024114 Days
5 The Street, Great Barton, Bury St Edmunds, Suffolk, IP31 2QP£299,995£290,500-£9,49527 Oct 202307 May 2024193 Days
2 Hall Farm Cottages, Langham, Bury St Edmunds, Suffolk, IP31 3EG£460,000£450,000-£10,00024 Nov 202303 May 2024161 Days
18 Ashfield Road, Norton, Bury St Edmunds, Suffolk, IP31 3NJ£320,000£320,000£0028 Nov 202326 Apr 2024150 Days
The Foxes, Badwell Road, Walsham Le Willows, Bury St Edmunds, Suffolk, IP31 3BT£850,000£832,000-£18,00012 Sep 202319 Apr 2024220 Days
1 Blackbird Close, Thurston, Bury St Edmunds, Suffolk, IP31 3PF£350,000£350,000£0008 Feb 202419 Apr 202471 Days
39 Hopton Road, Barningham, Bury St Edmunds, Suffolk, IP31 1BU£200,000£195,500-£4,50006 Jan 202405 Apr 202490 Days
The Shambles, Hall Lane, Troston, Bury St Edmunds, Suffolk, IP31 1EU£335,000£330,000-£5,00031 Oct 202327 Mar 2024148 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

Most Expensive Streets in IP31 (Bury St. Edmunds)

PostcodeStreetAreaAverageNo. of Sales
IP31 2RQSchool Lane, Great BartonBury St. Edmunds£1,081,5004
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. Edmunds, SuffolkBury St. Edmunds£763,7416
IP31 3FYCutcheys Field, Badwell AshBury St. Edmunds£711,6663
IP31 2JWLower Farm Drive, IxworthBury St. Edmunds£701,6663
IP31 2HPSt Edmund Close, IxworthBury St. Edmunds£685,0003
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£118,7504
IP31 2XBConey Walk, StantonBury St. Edmunds£178,5003
IP31 1LJPoplar Close, HoningtonBury St. Edmunds£178,8339
IP31 3DEBroad Meadow, Walsham Le WillowsBury St. Edmunds£197,5004
IP31 2EDSturgeon Way, StantonBury St. Edmunds£198,6005
IP31 3AAThe Street, Walsham Le WillowsBury St. Edmunds£208,6666
IP31 3JDLong Thurlow Row, Badwell AshBury St. Edmunds£209,2504
IP31 2XDGrundle Close, StantonBury St. Edmunds£209,3128

Explore IP31 (Bury St. Edmunds) using map

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