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

The average house price in LN8 (Market Rasen) is £205,333 using HM Land Registry data.

The average property price increased by £48,370 (30.48%) over the last 5 years and increased by £9,689 (4.46%) over the last 12 months.

Over the last year, there were 168 residential property sales – a decrease of 87 transactions (-51.79%) relative to the previous year. The majority of house sales (44) were in the £110,000 - £172,000 range. Then came properties in the £234,000 - £296,000 range, where 33 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 165 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,339 (-3%).

In January 2025, there were 53 new estate agency instructions, 43 agreed home sales and 50 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 LN8 (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 LN8 (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) - 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 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
26 Cow Lane, Tealby, Market Rasen, Lincolnshire, LN8 3YB£180,000£156,000-£24,00011 Sep 202405 Dec 202485 Days
21 Bain Rise, Ludford, Market Rasen, Lincolnshire, LN8 6LF£190,000£185,000-£5,00026 Jul 202405 Dec 2024132 Days
9 Barff Meadow, Glentham, Market Rasen, Lincolnshire, LN8 2FD£425,000£425,000£009 Oct 202404 Dec 202456 Days
The Cottage, Chapel Lane, Normanby By Spital, Market Rasen, Lincolnshire, LN8 2HG£235,000£217,500-£17,50004 Jul 202429 Nov 2024148 Days
28 Willingham Road, Market Rasen, Lincolnshire, LN8 3DR£215,000£212,500-£2,50003 May 202401 Nov 2024182 Days
The Gardeners Cottage, Faldingworth Road, Spridlington, Market Rasen, Lincolnshire, LN8 2DF£425,000£410,000-£15,00015 Jan 202401 Nov 2024291 Days
2 Stocks Hill, Ludford, Market Rasen, Lincolnshire, LN8 6AB£85,000£85,000£025 Jul 202430 Oct 202497 Days
8 Arlington Road, Newtoft, Market Rasen, Lincolnshire, LN8 3NP£115,000£105,000-£10,00020 May 202407 Oct 2024140 Days
6 Wells Drive, Market Rasen, Lincolnshire, LN8 3EF£215,000£215,000£015 May 202403 Oct 2024141 Days
4 Beck Hill, Tealby, Market Rasen, Lincolnshire, LN8 3XS£650,000£590,000-£60,00028 Mar 202401 Oct 2024187 Days
13 Hansards Drive, Wragby, Market Rasen, Lincolnshire, LN8 5PQ£140,000£137,500-£2,50031 May 202430 Sep 2024122 Days
The Shambles, Private Lane, Normanby By Spital, Market Rasen, Lincolnshire, LN8 2HF£260,000£260,000£015 Apr 202427 Sep 2024165 Days
3 Chestnut Way, Binbrook, Market Rasen, Lincolnshire, LN8 6DD£230,000£230,000£008 Jul 202427 Sep 202481 Days
11 Velden Way, Market Rasen, Lincolnshire, LN8 3HD£245,000£237,000-£8,00021 Mar 202425 Sep 2024188 Days
Gable Cottage, Silver Street, Benniworth, Market Rasen, Lincolnshire, LN8 6JR£300,000£292,500-£7,50010 Oct 202312 Sep 2024338 Days
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

Most Expensive Streets in LN8 (Market Rasen)

PostcodeStreetAreaAverageNo. of Sales
LN8 3XSBeck Hill, TealbyMarket Rasen£760,0003
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£444,7036
LN8 2ADOwmby By SpitalMarket Rasen£443,2504
LN8 2DDOwmby Road, SpridlingtonMarket Rasen£433,3333
LN8 6JZMill Lane, Burgh On BainMarket Rasen£427,5004

Least Expensive Streets in LN8 (Market Rasen)

PostcodeStreetAreaAverageNo. of Sales
LN8 3FAFitzwilliam Court, Union Street, Market RasenMarket Rasen£71,2005
LN8 3BECedar CloseMarket Rasen£89,27211
LN8 3BBKing StreetMarket Rasen£89,5003
LN8 3NPArlington Road, NewtoftMarket Rasen£90,0624
LN8 3EHWaverley MewsMarket Rasen£93,2504
LN8 3NLPrince William Road, NewtoftMarket Rasen£100,4378
LN8 6EEDrigh Road, BrookenbyMarket Rasen£102,8333
LN8 3ARSerpentine StreetMarket Rasen£104,8754
LN8 6EGHunter Road, BrookenbyMarket Rasen£106,6205
LN8 3AZThe Maltings CourtMarket Rasen£107,3163

Explore LN8 (Market Rasen) using map

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