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House Prices in RG31

The average house price in RG31 (Reading) is £357,937 using HM Land Registry data.

The average property price increased by £98,943 (3.39%) over the last 5 years and increased by £19,780 (0.6%) over the last 12 months.

Over the last year, there were 297 residential property sales – a decrease of 145 transactions (-48.82%) relative to the previous year. The majority of house sales (69) were in the £298,000 - £386,000 range. Then came properties in the £386,000 - £474,000 range, where 69 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 53 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-14,985 (-3%).

In June 2024, there were 38 new estate agency instructions, 41 agreed home sales and 32 property price reductions.

5-Year Average Property Prices in RG31 (Reading)

3.39%

Property prices in Reading increased by 3.39% 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 RG31 (Reading) Over the Last Year

0.6%

Property prices in Reading increased by 0.6% 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.

Property Market Heat Gauge for RG31 (Reading) - 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 RG31 (Reading)

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 RG31 (Reading)

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 RG31 (Reading)

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 RG31 (Reading) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the RG31 postcode area since 1995.

Recent Sales in RG31 (Reading)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
4 Clements Mead, Tilehurst, Reading, West Berkshire, RG31 5UJ	£450,000	£435,000	-£15,000	20 Dec 2023	31 May 2024	163 Days
17 Corsham Road, Calcot, Reading, West Berkshire, RG31 7ZH	£200,000	£190,000	-£10,000	17 Jan 2024	10 May 2024	114 Days
41 Warley Rise, Tilehurst, Reading, West Berkshire, RG31 6FR	£375,000	£365,000	-£10,000	26 Jan 2024	01 May 2024	96 Days
14 Fernhurst Road, Calcot, Reading, West Berkshire, RG31 7EA	£230,000	£225,000	-£5,000	24 Jan 2024	26 Apr 2024	93 Days
Flat 53, Calcot Priory, Bath Road, Calcot, Reading, West Berkshire, RG31 7QD	£165,000	£158,000	-£7,000	29 Mar 2023	26 Apr 2024	394 Days
21 Devonshire Gardens, Tilehurst, Reading, West Berkshire, RG31 6FW	£365,000	£355,000	-£10,000	20 Feb 2024	26 Apr 2024	66 Days
18 Compton Avenue, Tilehurst, Reading, West Berkshire, RG31 5LH	£450,000	£445,000	-£5,000	29 Sep 2023	12 Apr 2024	196 Days
9 Chaffinch Close, Tilehurst, Reading, West Berkshire, RG31 4ZD	£525,000	£525,000	£00	25 Aug 2023	11 Apr 2024	230 Days
Flat 5, Francis Court, Armour Road, Tilehurst, Reading, RG31 6AB	£260,000	£260,000	£00	19 Jan 2024	08 Apr 2024	80 Days
19 Tithebarn Grove, Calcot, Reading, West Berkshire, RG31 7YX	£375,000	£360,000	-£15,000	23 Oct 2023	20 Mar 2024	149 Days
11 Willow Tree Glade, Calcot, Reading, West Berkshire, RG31 7AZ	£190,000	£185,000	-£5,000	21 Sep 2023	15 Mar 2024	176 Days
1 Colston Close, Calcot, Reading, West Berkshire, RG31 7EQ	£325,000	£320,000	-£5,000	22 Jan 2024	08 Mar 2024	46 Days
Flat 50, Calcot Priory, Bath Road, Calcot, Reading, West Berkshire, RG31 7QD	£90,000	£82,500	-£7,500	07 Sep 2023	29 Feb 2024	175 Days
36 Hawkesbury Drive, Calcot, Reading, West Berkshire, RG31 7ZR	£550,000	£550,000	£00	03 Oct 2023	23 Feb 2024	143 Days
2 Broom Close, Calcot, Reading, West Berkshire, RG31 4ZS	£375,000	£358,000	-£17,000	27 Apr 2023	06 Feb 2024	285 Days
35 Gatcombe Close, Calcot, Reading, West Berkshire, RG31 4XQ	£435,000	£420,000	-£15,000	24 Aug 2023	02 Feb 2024	162 Days
19 Thistledown, Tilehurst, Reading, West Berkshire, RG31 5WE	£385,000	£375,000	-£10,000	14 Aug 2023	19 Jan 2024	158 Days
4 Oakham Close, Tilehurst, Reading, RG31 6LD	£600,000	£575,000	-£25,000	26 Sep 2023	18 Jan 2024	114 Days
14 Broom Close, Calcot, Reading, West Berkshire, RG31 4ZS	£350,000	£345,000	-£5,000	06 Jul 2023	12 Jan 2024	190 Days
3 Graham Close, Calcot, Reading, West Berkshire, RG31 7YN	£595,000	£575,000	-£20,000	02 Oct 2023	09 Jan 2024	99 Days

Most Expensive Streets in RG31 (Reading)

Postcode	Street	Area	Average	No. of Sales
RG31 7RF	The Old Orchard, Calcot	Reading	£943,333	3
RG31 6YW	Long Lane, Tilehurst	Reading	£786,159	5
RG31 7RS	Mill Lane, Calcot	Reading	£769,666	6
RG31 6JU	Oak Tree Road, Tilehurst	Reading	£762,857	7
RG31 7DR	Grangely Close, Calcot	Reading	£748,000	5
RG31 6RP	Elsley Road, Tilehurst	Reading	£745,000	3
RG31 6JY	Oak Tree Road, Tilehurst	Reading	£738,750	6
RG31 7RN	Calcot Park, Calcot	Reading	£735,000	3
RG31 6YQ	Long Lane, Tilehurst	Reading	£730,125	4
RG31 5BP	Stoneham Park, Tilehurst	Reading	£721,634	26

Least Expensive Streets in RG31 (Reading)

Postcode	Street	Area	Average	No. of Sales
RG31 7QD	Calcot Priory, Bath Road	Reading	£143,750	18
RG31 6FU	Wyre Court, Tilehurst	Reading	£160,125	6
RG31 7EN	Ashmere Close, Calcot	Reading	£184,562	8
RG31 5JF	Sheppard Court, Tilehurst	Reading	£189,115	13
RG31 6FA	Knowsley Road, Tilehurst	Reading	£192,333	3
RG31 6JB	Wheeler Court, Armour Hill	Reading	£193,692	13
RG31 4SA	City Road, Tilehurst	Reading	£194,000	3
RG31 7AY	Caistor Close, Calcot	Reading	£199,247	7
RG31 5DB	Pegasus Court, Tilehurst	Reading	£200,066	37
RG31 5HD	Hambleberry Court, Tilehurst	Reading	£208,666	3