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House Prices in LN8 House Prices in LN8 (Market Rasen)

The average house price in LN8 (Market Rasen) is £297,181 using HM Land Registry data.

The average property price increased by £56,378 (30.48%) over the last 5 years and increased by £11,296 (4.46%) over the last 12 months.

Over the last year, there were 153 residential property sales – a decrease of 103 transactions (-67.32%) relative to the previous year. The majority of house sales (42) were in the £120,000 - £180,000 range. Then came properties in the £180,000 - £240,000 range, where 29 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 70 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,215 (-3%).

In Oct 24, there were 53 new estate agency instructions, 48 agreed home sales and 64 property price reductions.

Nearby Postcodes: DN10, DN16, DN17, DN20, DN21, DN22, DN31, DN32, DN33, DN34, DN35, DN36, DN37, DN38, DN39, DN41, DN9, LN1, LN10, LN11, LN12, LN13, LN2, LN3, LN4, LN5, LN6, LN7, LN9, NG22, NG23, PE22, PE23, PE24

5-Year Average Property Prices in LN8 (Market Rasen)

30.48%

Property prices in Market Rasen increased by 30.48% 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 LN8 (Market Rasen) Over the Last Year

4.46%

Property prices in Market Rasen increased by 4.46% 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 LN8 (Market Rasen) - 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 LN8 (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 LN8 (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 LN8 (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 LN8 (Market Rasen) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LN8 postcode area since 1995.

Recent Sales in LN8 (Market Rasen)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
4 Victoria Road, Market Rasen, Lincolnshire, LN8 3ER£269,000£267,000-£2,00007 Feb 202426 Jul 2024170 Days
17 Canberra Crescent, Brookenby, Market Rasen, Lincolnshire, LN8 6ER£168,000£165,000-£3,00012 Feb 202424 Jul 2024163 Days
9 Ropewalk, Wragby, Market Rasen, Lincolnshire, LN8 5YA£170,000£165,000-£5,00023 Jan 202422 Jul 2024181 Days
32 North Street, Middle Rasen, Market Rasen, Lincolnshire, LN8 3TS£285,000£280,000-£5,00002 May 202419 Jul 202478 Days
37 Dovecote, Middle Rasen, Market Rasen, Lincolnshire, LN8 3UD£318,500£300,000-£18,50001 Aug 202315 Jul 2024349 Days
6 Church Mill Close, Market Rasen, Lincolnshire, LN8 3JL£145,000£135,000-£10,00017 Nov 202315 Jul 2024241 Days
8 Orchard Way, Market Rasen, Lincolnshire, LN8 3HE£160,000£150,000-£10,00026 Apr 202424 Jun 202459 Days
Collingwood, Middlefield Lane, Glentham, Market Rasen, Lincolnshire, LN8 2ET£260,000£250,000-£10,00022 Jan 202417 Jun 2024147 Days
13 Manor Drive, Wragby, Market Rasen, Lincolnshire, LN8 5SL£250,000£246,500-£3,50031 Jan 202430 May 2024120 Days
6 Walesby Road, Market Rasen, Lincolnshire, LN8 3EY£180,000£174,000-£6,00018 Sep 202330 Apr 2024225 Days
13 Alexandria Road, Newtoft, Market Rasen, Lincolnshire, LN8 3NH£112,500£110,000-£2,50025 Oct 202326 Apr 2024184 Days
27 The Ridings, Market Rasen, Lincolnshire, LN8 3EE£230,000£225,000-£5,00005 Jul 202311 Apr 2024281 Days
Norton Sandhayes Farmhouse, Sandhayes Lane, Bishop Norton, Market Rasen, Lincolnshire, LN8 2BA£750,000£730,000-£20,00007 Dec 202305 Apr 2024120 Days
The Anchorage, Thorpe Lane, Tealby, Market Rasen, Lincolnshire, LN8 3XJ£400,000£365,000-£35,00006 Nov 202327 Mar 2024142 Days
4 Horseshoe Way, Market Rasen, Lincolnshire, LN8 3FN£295,000£295,000£0004 Dec 202325 Mar 2024112 Days
5 Naylors Drive, Middle Rasen, Market Rasen, Lincolnshire, LN8 3UQ£270,000£246,000-£24,00016 Nov 202322 Mar 2024127 Days
17 Washdyke Lane, Osgodby, Market Rasen, Lincolnshire, LN8 3PB£249,500£230,000-£19,50009 Oct 202319 Mar 2024162 Days
47 Caistor Road, Market Rasen, Lincolnshire, LN8 3HY£250,000£240,000-£10,00018 Oct 202308 Mar 2024142 Days
34a, Rasen Road, Tealby, Market Rasen, Lincolnshire, LN8 3XL£480,000£470,000-£10,00028 Nov 202306 Mar 202499 Days
4 Bridle Way, Wragby, Market Rasen, Lincolnshire, LN8 5YB£310,000£308,000-£2,00020 Sep 202319 Feb 2024152 Days

Most Expensive Streets in LN8 (Market Rasen)

PostcodeStreetAreaAverageNo. of Sales
LN8 5JDGolthoMarket Rasen£632,5003
LN8 5SQWest TorringtonMarket Rasen£525,0004
LN8 2EEHigh Street, CaenbyMarket Rasen£486,6663
LN8 6HPStainton Le ValeMarket Rasen£484,1005
LN8 3XLRasen Road, TealbyMarket Rasen£465,15010
LN8 3XQMillfield Close, TealbyMarket Rasen£443,3054
LN8 2DDOwmby Road, SpridlingtonMarket Rasen£433,3333
LN8 2ADOwmby By SpitalMarket Rasen£433,1005
LN8 6JZMill Lane, Burgh On BainMarket Rasen£427,5004
LN8 2BGArcher Street, Bishop NortonMarket Rasen£421,2504

Least Expensive Streets in LN8 (Market Rasen)

PostcodeStreetAreaAverageNo. of Sales
LN8 3FAFitzwilliam Court, Union Street, Market RasenMarket Rasen£71,2005
LN8 3ENQueen StreetMarket Rasen£72,2503
LN8 3BBKing StreetMarket Rasen£84,6254
LN8 3NPArlington Road, NewtoftMarket Rasen£85,0833
LN8 3BECedar CloseMarket Rasen£90,16212
LN8 3EHWaverley MewsMarket Rasen£93,2504
LN8 6EGHunter Road, BrookenbyMarket Rasen£96,4004
LN8 3NLPrince William Road, NewtoftMarket Rasen£98,7147
LN8 6EQMerlin Road, BrookenbyMarket Rasen£99,7504
LN8 6EEDrigh Road, BrookenbyMarket Rasen£102,8333

Explore LN8 (Market Rasen) using map

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