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

The average house price in LN7 (Market Rasen) is £140,000 using HM Land Registry data.

The average property price increased by £66,362 (24.99%) over the last 5 years and increased by £13,296 (3.8%) over the last 12 months.

Over the last year, there were 49 residential property sales – a decrease of 31 transactions (-63.27%) relative to the previous year. The majority of house sales (15) were in the £110,000 - £190,000 range. Then came properties in the £190,000 - £270,000 range, where 15 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 109 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,430 (-3%).

In Oct 24, there were 12 new estate agency instructions, 19 agreed home sales and 10 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 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 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) - 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 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
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£0009 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
Grange Cottage, Brigg Road, Howsham, Market Rasen, North Lincolnshire, LN7 6LF£325,000£295,000-£30,00029 Aug 202312 Apr 2024227 Days
68 South Street, Caistor, Market Rasen, Lincolnshire, LN7 6LP£250,000£222,000-£28,00001 Sep 202309 Apr 2024221 Days
14 South Dale, Caistor, Market Rasen, Lincolnshire, LN7 6LS£295,000£275,000-£20,00023 Jan 202415 Mar 202452 Days
3 Patricks Close, North Kelsey, Market Rasen, Lincolnshire, LN7 6LH£260,000£249,000-£11,00030 Nov 202301 Mar 202492 Days
Wood Farm, Grasby Road, North Kelsey Moor, Market Rasen, Lincolnshire, LN7 6HJ£720,000£570,000-£150,00025 Nov 202212 Feb 2024444 Days
14 Fountain Street, Caistor, Market Rasen, Lincolnshire, LN7 6UL£220,000£220,000£0012 Oct 202308 Feb 2024119 Days
48 Mallard Drive, Caistor, Market Rasen, Lincolnshire, LN7 6SA£110,000£87,000-£23,00015 Aug 202302 Feb 2024171 Days
88 North Street, Caistor, Market Rasen, Lincolnshire, LN7 6QU£350,000£348,000-£2,00025 May 202322 Jan 2024242 Days
67 North Kelsey Road, Caistor, Market Rasen, Lincolnshire, LN7 6QB£270,000£263,000-£7,00004 Jul 202322 Jan 2024202 Days
22 Hansard Crescent, Caistor, Market Rasen, Lincolnshire, LN7 6QT£220,000£219,000-£1,00006 Sep 202319 Jan 2024135 Days
38 Nettleton Road, Caistor, Market Rasen, Lincolnshire, LN7 6NJ£165,000£165,000£0007 Sep 202315 Jan 2024130 Days
1 Chapel Street, Caistor, Market Rasen, Lincolnshire, LN7 6UF£165,000£158,000-£7,00016 Oct 202310 Jan 202486 Days
26 North Kelsey Road, Caistor, Market Rasen, Lincolnshire, LN7 6QN£159,995£157,500-£2,49522 Sep 202319 Dec 202388 Days
4 Beckside, Rothwell, Market Rasen, Lincolnshire, LN7 6BD£175,000£169,000-£6,00005 Apr 202325 Oct 2023203 Days
The Cottage, Thornton Road, South Kelsey, Market Rasen, Lincolnshire, LN7 6PS£290,000£280,501-£9,49925 Jul 202319 Oct 202386 Days

Most Expensive Streets in LN7 (Market Rasen)

PostcodeStreetAreaAverageNo. of Sales
LN7 6HXMoortown Road, NettletonMarket Rasen£507,0005
LN7 6ETSouth Street, North KelseyMarket Rasen£475,5836
LN7 6BLChapel Mead, North KelseyMarket Rasen£474,7508
LN7 6PZChurch Farm Road, South KelseyMarket Rasen£419,4905
LN7 6TANormanby Road, NettletonMarket Rasen£394,2165
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
LN7 6BTLapstone Close, NettletonMarket Rasen£340,0005

Least Expensive Streets in LN7 (Market Rasen)

PostcodeStreetAreaAverageNo. of Sales
LN7 6UBSouth Street, CaistorMarket Rasen£89,1007
LN7 6SJPlover Square, CaistorMarket Rasen£108,5003
LN7 6SNPartridge Close, CaistorMarket Rasen£111,7504
LN7 6SLPheasant Court, CaistorMarket Rasen£113,3333
LN7 6SAMallard Drive, CaistorMarket Rasen£118,7506
LN7 6URPlough Hill, CaistorMarket Rasen£123,8333
LN7 6ERLindum Walk, North KelseyMarket Rasen£125,3577
LN7 6NQRawlinson Avenue, CaistorMarket Rasen£147,1258
LN7 6GLConstantine Close, CaistorMarket Rasen£153,3333
LN7 6GSNero Close, CaistorMarket Rasen£158,7464

Explore LN7 (Market Rasen) using map

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