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House Prices in LN7 House Prices in LN7 (Market Rasen)

The average house price in LN7 (Market Rasen) is £186,000 using HM Land Registry data.

The average property price increased by £45,844 (24.99%) over the last 5 years and increased by £9,183 (3.8%) over the last 12 months.

Over the last year, there were 55 residential property sales – a decrease of 20 transactions (-36.36%) relative to the previous year. The majority of house sales (14) were in the £158,000 - £206,000 range. Then came properties in the £254,000 - £302,000 range, where 11 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 94 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-19,175 (-6%).

In January 2025, there were 10 new estate agency instructions, 5 agreed home sales and 6 property price reductions.

Nearby Postcodes: DN10, DN15, DN16, DN17, DN18, DN20, DN21, DN22, DN31, DN33, DN34, DN36, DN37, DN38, DN39, DN41, DN9, LN1, LN10, LN11, LN2, LN3, LN8, LN9

5-Year Average Property Prices in LN7 (Market Rasen)

24.99%

Property prices in LN7 (Market Rasen) increased by 24.99% 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 LN7 (Market Rasen) Over the Last Year

3.8%

Property prices in LN7 (Market Rasen) increased by 3.8% 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 LN7 (Market Rasen) - January 2025

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 LN7 (Market Rasen)

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 LN7 (Market Rasen)

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 LN7 (Market Rasen)

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 LN7 (Market Rasen) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LN7 postcode area since 1995.

Recent Sales in LN7 (Market Rasen)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
85 North Kelsey Road, Caistor, Market Rasen, Lincolnshire, LN7 6QB£225,000£225,000£024 Sep 202416 Dec 202483 Days
4 Grimsby Road, Caistor, Market Rasen, Lincolnshire, LN7 6QY£180,000£171,000-£9,00022 Jul 202406 Dec 2024137 Days
11 Navigation Lane, Caistor, Market Rasen, Lincolnshire, LN7 6NH£249,000£222,500-£26,50023 Jan 202415 Nov 2024297 Days
27 Wood Farm Close, Nettleton, Market Rasen, Lincolnshire, LN7 6AS£259,500£253,000-£6,50009 Jul 202407 Nov 2024121 Days
6 Draycot, Nettleton, Market Rasen, Lincolnshire, LN7 6AD£180,000£180,000£028 Jun 202429 Oct 2024123 Days
Lamore, Market Rasen Road, Holton Le Moor, Market Rasen, Lincolnshire, LN7 6AE£320,000£310,000-£10,00025 Jan 202428 Oct 2024277 Days
3 Mallard Drive, Caistor, Market Rasen, Lincolnshire, LN7 6SA£160,000£156,000-£4,00018 Jul 202425 Oct 202499 Days
12 Risedale, Caistor, Market Rasen, Lincolnshire, LN7 6NG£230,000£227,500-£2,50029 May 202425 Oct 2024149 Days
Middlegate Lodge, Horncastle Road, Caistor, Market Rasen, Lincolnshire, LN7 6JG£400,000£370,000-£30,00013 Feb 202424 Oct 2024254 Days
Ash House, 10, Keyworth Drive, Caistor, Market Rasen, Lincolnshire, LN7 6RE£389,950£383,700-£6,25024 Apr 202421 Oct 2024180 Days
19 Windsor Drive, Caistor, Market Rasen, Lincolnshire, LN7 6PB£280,000£275,000-£5,00024 Jan 202416 Sep 2024236 Days
Violet House, Hillrise, Rothwell, Market Rasen, Lincolnshire, LN7 6AZ£470,000£165,000-£305,00027 Apr 202405 Sep 2024131 Days
2 Lindum Walk, North Kelsey, Market Rasen, Lincolnshire, LN7 6ER£138,000£133,000-£5,00010 May 202403 Sep 2024116 Days
9 North Kelsey Road, Caistor, Market Rasen, Lincolnshire, LN7 6QH£220,000£220,000£004 May 202402 Aug 202490 Days
27 Main Street, Howsham, Market Rasen, North Lincolnshire, LN7 6LD£249,500£242,000-£7,50019 Jan 202428 Jun 2024161 Days
21 Newbolt Close, Caistor, Market Rasen, Lincolnshire, LN7 6NY£190,000£185,000-£5,00027 Mar 202407 Jun 202472 Days
Vale Cottage, Church Street, Nettleton, Market Rasen, Lincolnshire, LN7 6NP£100,000£100,000£009 Jan 202407 Jun 2024150 Days
35a, Nettleton Road, Caistor, Market Rasen, Lincolnshire, LN7 6NJ£295,000£287,500-£7,50014 Jul 202328 May 2024319 Days
3 Hillcrest, Normanby Le Wold, Market Rasen, Lincolnshire, LN7 6ST£240,000£225,000-£15,00024 May 202313 May 2024355 Days
Caern Bungalow, Cadney Road, Howsham, Market Rasen, North Lincolnshire, LN7 6LA£255,000£172,000-£83,00003 Jul 202303 May 2024305 Days

Most Expensive Streets in LN7 (Market Rasen)

PostcodeStreetAreaAverageNo. of Sales
LN7 6ETSouth Street, North KelseyMarket Rasen£475,5836
LN7 6BLChapel Mead, North KelseyMarket Rasen£474,7508
LN7 6HXMoortown Road, NettletonMarket Rasen£455,8336
LN7 6JGMill Grange, Horncastle RoadMarket Rasen£428,3333
LN7 6PZChurch Farm Road, South KelseyMarket Rasen£419,4905
LN7 6TANormanby Road, NettletonMarket Rasen£412,7704
LN7 6PSThornton Road, South KelseyMarket Rasen£390,1503
LN7 6DNGrimsby Road, SwallowMarket Rasen£381,6663
LN7 6AWHolton Road, NettletonMarket Rasen£378,1663
LN7 6SFNorth Kelsey Road, CaistorMarket Rasen£349,4287

Least Expensive Streets in LN7 (Market Rasen)

PostcodeStreetAreaAverageNo. of Sales
LN7 6UBSouth Street, CaistorMarket Rasen£94,2836
LN7 6SJPlover Square, CaistorMarket Rasen£108,5003
LN7 6SNPartridge Close, CaistorMarket Rasen£110,4005
LN7 6SAMallard Drive, CaistorMarket Rasen£122,3128
LN7 6ERLindum Walk, North KelseyMarket Rasen£126,3128
LN7 6NQRawlinson Avenue, CaistorMarket Rasen£147,1258
LN7 6QQCherry Holt, CaistorMarket Rasen£160,8333
LN7 6RHOlde Farm Court, South KelseyMarket Rasen£164,6663
LN7 6GUNerva Drive, CaistorMarket Rasen£167,30816
LN7 6GSNero Close, CaistorMarket Rasen£169,9963

Explore LN7 (Market Rasen) using map

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