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House Prices in SG2

The average house price in SG2 (Stevenage) is £318,166 using HM Land Registry data.

The average property price increased by £63,572 (19.67%) over the last 5 years and increased by £12,708 (3.1%) over the last 12 months.

Over the last year, there were 340 residential property sales – a decrease of 141 transactions (-41.47%) relative to the previous year. The majority of house sales (112) were in the £320,000 - £370,000 range. Then came properties in the £270,000 - £320,000 range, where 65 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 67 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,393 (-1%).

In June 2024, there were 81 new estate agency instructions, 59 agreed home sales and 37 property price reductions.

5-Year Average Property Prices in SG2 (Stevenage)

19.67%

Property prices in Stevenage increased by 19.67% 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 SG2 (Stevenage) Over the Last Year

3.1%

Property prices in Stevenage increased by 3.1% 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 SG2 (Stevenage) - 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 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 SG2 (Stevenage)

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 SG2 (Stevenage)

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 SG2 (Stevenage)

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 SG2 (Stevenage) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SG2 postcode area since 1995.

Recent Sales in SG2 (Stevenage)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
46 Blacksmiths Hill, Benington, Stevenage, Hertfordshire, SG2 7LQ	£425,000	£420,500	-£4,500	07 Dec 2023	09 May 2024	154 Days
15 Angle Ways, Stevenage, Hertfordshire, SG2 9AW	£149,995	£145,000	-£4,995	29 Feb 2024	01 May 2024	62 Days
155 Raleigh Crescent, Stevenage, Hertfordshire, SG2 0EB	£360,000	£360,000	£00	04 Jan 2024	19 Apr 2024	106 Days
7 Devonshire Close, Stevenage, Hertfordshire, SG2 8RY	£385,000	£369,500	-£15,500	19 Sep 2023	15 Apr 2024	209 Days
4 East Reach, Stevenage, Hertfordshire, SG2 9AU	£340,000	£330,000	-£10,000	26 Oct 2023	11 Apr 2024	168 Days
54 Blenheim Way, Stevenage, Hertfordshire, SG2 8TE	£425,000	£419,500	-£5,500	05 Mar 2024	26 Mar 2024	21 Days
104 Sheepcroft Hill, Stevenage, Hertfordshire, SG2 9PS	£350,000	£340,000	-£10,000	04 Jan 2024	25 Mar 2024	81 Days
11 Hardwick Close, Stevenage, Hertfordshire, SG2 8UF	£550,000	£527,000	-£23,000	31 Oct 2023	21 Mar 2024	142 Days
3 Shirley Close, Stevenage, Hertfordshire, SG2 0JP	£350,000	£350,000	£00	20 Oct 2023	18 Mar 2024	150 Days
33 Faraday Road, Stevenage, Hertfordshire, SG2 0BA	£325,000	£325,000	£00	05 Jul 2023	04 Mar 2024	243 Days
116 Kimbolton Crescent, Stevenage, Hertfordshire, SG2 8RL	£300,000	£297,500	-£2,500	23 Aug 2023	04 Mar 2024	194 Days
30 Shearwater Close, Stevenage, Hertfordshire, SG2 9RY	£300,000	£297,000	-£3,000	24 Oct 2023	01 Mar 2024	129 Days
35 Sheepcroft Hill, Stevenage, Hertfordshire, SG2 9PR	£240,000	£225,000	-£15,000	20 Oct 2023	01 Mar 2024	133 Days
19 The Muntings, Stevenage, Hertfordshire, SG2 9DN	£350,000	£340,000	-£10,000	23 Jan 2024	27 Feb 2024	35 Days
75 Bandley Rise, Stevenage, Hertfordshire, SG2 9NR	£385,000	£380,000	-£5,000	06 Oct 2023	23 Feb 2024	140 Days
63 Valley Way, Stevenage, Hertfordshire, SG2 9AF	£400,000	£390,000	-£10,000	24 Aug 2023	23 Feb 2024	183 Days
62 Hayfield, Stevenage, Hertfordshire, SG2 7JR	£440,000	£430,000	-£10,000	31 Oct 2023	19 Feb 2024	111 Days
100 Holly Leys, Stevenage, Hertfordshire, SG2 8HY	£325,000	£318,000	-£7,000	29 Nov 2023	19 Feb 2024	82 Days
33 Shearwater Close, Stevenage, Hertfordshire, SG2 9RY	£315,000	£308,000	-£7,000	26 Nov 2022	14 Feb 2024	445 Days
20 Beane Walk, Stevenage, Hertfordshire, SG2 7DP	£315,000	£165,000	-£150,000	03 Jul 2020	13 Feb 2024	1320 Days

Most Expensive Streets in SG2 (Stevenage)

Postcode	Street	Area	Average	No. of Sales
SG2 7DD	Hebing End, Benington	Stevenage	£1,140,000	8
SG2 7PB	Church End, Walkern	Stevenage	£981,250	4
SG2 8DG	Glamis Close	Stevenage	£876,666	3
SG2 7BU	Benington Park Farm, Benington Park	Stevenage	£836,250	4
SG2 7NP	High Street, Walkern	Stevenage	£799,166	3
SG2 7BX	Whempstead Road, Benington	Stevenage	£698,500	6
SG2 7NZ	Winters Lane, Walkern	Stevenage	£685,625	4
SG2 7EG	Aston Bury, Aston	Stevenage	£666,500	4
SG2 8UH	Malvern Close	Stevenage	£653,300	3
SG2 7PG	High Street, Walkern	Stevenage	£646,666	3

Least Expensive Streets in SG2 (Stevenage)

Postcode	Street	Area	Average	No. of Sales
SG2 8EY	Nokeside	Stevenage	£113,750	4
SG2 9PH	Roundmead	Stevenage	£138,130	5
SG2 7ND	Wenham Court, Walkern	Stevenage	£151,833	3
SG2 7HB	Brookfield, Aston	Stevenage	£168,333	3
SG2 0HB	Palmerston Court, Cook Road	Stevenage	£190,166	3
SG2 9PL	Fallowfield	Stevenage	£200,000	3
SG2 0EY	Newhaven, Drakes Drive	Stevenage	£200,833	6
SG2 8JF	Broughton Court, Wychdell	Stevenage	£202,666	3
SG2 0NT	Christie Road	Stevenage	£205,333	3
SG2 8UY	Saxon House, Aylward Drive	Stevenage	£214,357	7