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Market Rasen House Prices Market Rasen House Prices

The average house price in Market Rasen is £215,500 using HM Land Registry data.

The average property price increased by £41,197 (24.32%) over the last 5 years and increased by £8,252 (4.08%) over the last 12 months.

Over the last year, there were 51 residential property sales – a decrease of 25 transactions (-49.02%) relative to the previous year. The majority of house sales (12) were in the £100,000 - £140,000 range. Then came properties in the £140,000 - £180,000 range, where 10 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 20 new estate agency instructions, 16 agreed home sales and 19 property price reductions.

Postcodes Covered: LN8

5-Year Average Property Prices in Market Rasen

24.32%

Property prices in Market Rasen increased by 24.32% 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 Market Rasen Over the Last Year

4.08%

Property prices in Market Rasen increased by 4.08% 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 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 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 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 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 Market Rasen since 1995

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

Recent Property Sales in Market Rasen

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
28 Willingham Road, Market Rasen, Lincolnshire, LN8 3DR£215,000£212,500-£2,50003 May 202401 Nov 2024182 Days
6 Wells Drive, Market Rasen, Lincolnshire, LN8 3EF£215,000£215,000£015 May 202403 Oct 2024141 Days
11 Velden Way, Market Rasen, Lincolnshire, LN8 3HD£245,000£237,000-£8,00021 Mar 202425 Sep 2024188 Days
4 Victoria Road, Market Rasen, Lincolnshire, LN8 3ER£269,000£267,000-£2,00007 Feb 202426 Jul 2024170 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
6 Walesby Road, Market Rasen, Lincolnshire, LN8 3EY£180,000£174,000-£6,00018 Sep 202330 Apr 2024225 Days
27 The Ridings, Market Rasen, Lincolnshire, LN8 3EE£230,000£225,000-£5,00005 Jul 202311 Apr 2024281 Days
4 Horseshoe Way, Market Rasen, Lincolnshire, LN8 3FN£295,000£295,000£004 Dec 202325 Mar 2024112 Days
47 Caistor Road, Market Rasen, Lincolnshire, LN8 3HY£250,000£240,000-£10,00018 Oct 202308 Mar 2024142 Days
54 Waterloo Street, Market Rasen, Lincolnshire, LN8 3ES£119,950£115,000-£4,95002 Nov 202325 Jan 202484 Days
38 Union Street, Market Rasen, Lincolnshire, LN8 3AA£79,950£72,000-£7,95020 Oct 202319 Jan 202491 Days
16 Chapel Street, Market Rasen, Lincolnshire, LN8 3AQ£129,995£125,000-£4,99521 Jun 202320 Dec 2023182 Days
49 Serpentine Street, Market Rasen, Lincolnshire, LN8 3AR£89,950£84,500-£5,45028 Jun 202305 Dec 2023160 Days
17 Whitworth Way, Market Rasen, Lincolnshire, LN8 3BU£170,000£157,000-£13,00002 May 202301 Dec 2023213 Days
11 Church Mill Close, Market Rasen, Lincolnshire, LN8 3JL£169,950£165,000-£4,95017 Jul 202310 Nov 2023116 Days
53 Waterloo Street, Market Rasen, Lincolnshire, LN8 3ES£116,950£115,000-£1,95014 Jul 202303 Nov 2023112 Days
17 Wells Drive, Market Rasen, Lincolnshire, LN8 3EF£279,950£270,000-£9,95018 May 202331 Oct 2023166 Days
51 Anglian Way, Market Rasen, Lincolnshire, LN8 3RP£140,000£139,500-£50018 Aug 202331 Oct 202374 Days
1 Beechers Way, Market Rasen, Lincolnshire, LN8 3FJ£250,000£250,000£004 Apr 202310 Oct 2023189 Days

Most Expensive Streets in Market Rasen

PostcodeStreetAreaAverageNo. of Sales
LN8 3QELinwood RoadMarket Rasen£402,3333
LN8 3REWillingham RoadMarket Rasen£349,2005
LN8 3JJLady Frances DriveMarket Rasen£321,1005
LN8 3JACaistor RoadMarket Rasen£314,1666
LN8 3HYCaistor RoadMarket Rasen£301,1663
LN8 3FNHorseshoe WayMarket Rasen£278,1254
LN8 3ZTBridle WayMarket Rasen£275,0004
LN8 3FJBeechers WayMarket Rasen£274,7147
LN8 3EYWalesby RoadMarket Rasen£274,5568
LN8 3NUFern DriveMarket Rasen£260,6505

Least Expensive Streets in Market Rasen

PostcodeStreetAreaAverageNo. of Sales
LN8 3FAFitzwilliam CourtUnion Street, Market Rasen£71,2005
LN8 3BECedar CloseMarket Rasen£89,27211
LN8 3BBKing StreetMarket Rasen£89,5003
LN8 3EHWaverley MewsMarket Rasen£93,2504
LN8 3ARSerpentine StreetMarket Rasen£104,8754
LN8 3AZThe Maltings CourtMarket Rasen£107,3163
LN8 3AAUnion StreetMarket Rasen£108,7147
LN8 3AQChapel StreetMarket Rasen£115,3754
LN8 3TJWesley CourtMarket Rasen£120,40911
LN8 3ASProspect PlaceMarket Rasen£125,5717

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