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Nottingham House Prices Nottingham House Prices

The average house price in Nottingham is £206,305 using HM Land Registry data.

The average property price increased by £65,984 (39.49%) over the last 5 years and increased by £13,191 (6%) over the last 12 months.

Over the last year, there were 2,211 residential property sales – a decrease of 809 transactions (-36.59%) relative to the previous year. The majority of house sales (639) were in the £156,000 - £202,000 range. Then came properties in the £110,000 - £156,000 range, where 463 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,540 (-1%).

In Oct 24, there were new estate agency instructions, agreed home sales and property price reductions.

Neighbouring Areas: Hucknall, Arnold, Nuthall and Watnall, Carlton, West Bridgford, Beeston, Wilford

Postcodes Covered: NG1, NG2, NG3, NG4, NG5, NG6, NG7, NG8, NG9

5-Year Average Property Prices in Nottingham

39.49%

Property prices in Nottingham increased by 39.49% 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 Nottingham Over the Last Year

6%

Property prices in Nottingham increased by 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.

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 Nottingham - 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 Nottingham

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 Nottingham

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 Nottingham

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 Nottingham since 1995

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

Recent Property Sales in Nottingham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
19 Ballerat Crescent, Nottingham, City Of Nottingham, NG5 9LJ£180,000£177,500-£2,50016 Apr 202416 Aug 2024122 Days
22 Fishpond Drive, Nottingham, City Of Nottingham, NG7 1DG£659,000£656,000-£3,00025 Mar 202416 Aug 2024144 Days
24 Golf Close, Nottingham, City Of Nottingham, NG6 8YZ£220,000£220,000£0011 Jan 202416 Aug 2024218 Days
21 Burlington Road, Sherwood, Nottingham, City Of Nottingham, NG5 2GR£375,000£347,500-£27,50005 Apr 202414 Aug 2024131 Days
5 Burnham Street, Nottingham, City Of Nottingham, NG5 2FD£230,000£230,000£0010 Apr 202412 Aug 2024124 Days
160 Haydn Road, Nottingham, City Of Nottingham, NG5 2LB£200,000£192,000-£8,00030 Mar 202412 Aug 2024135 Days
22 Hawton Crescent, Wollaton, Nottingham, City Of Nottingham, NG8 1DD£240,000£230,000-£10,00008 Mar 202412 Aug 2024157 Days
9 Lilac Close, Nottingham, City Of Nottingham, NG8 6GH£105,000£100,000-£5,00004 Apr 202412 Aug 2024130 Days
1 Devonshire Road, Nottingham, City Of Nottingham, NG5 2EW£440,000£435,000-£5,00019 Oct 202309 Aug 2024295 Days
106 Wendover Drive, Nottingham, City Of Nottingham, NG8 5JP£130,000£109,000-£21,00008 Mar 202407 Aug 2024152 Days
6 Park View, Nottingham, City Of Nottingham, NG3 5FD£200,000£200,000£0015 Jan 202405 Aug 2024203 Days
90 Egypt Road, Nottingham, City Of Nottingham, NG7 7GN£170,000£168,000-£2,00005 Sep 202305 Aug 2024335 Days
Glen Marie, Bilborough Road, Nottingham, City Of Nottingham, NG8 4DS£339,950£328,000-£11,95022 Jan 202405 Aug 2024196 Days
135 Thorneywood Rise, Nottingham, City Of Nottingham, NG3 2PE£160,000£147,500-£12,50019 Mar 202402 Aug 2024136 Days
51 Sunnydale Road, Bakersfield, Nottingham, City Of Nottingham, NG3 7GG£290,000£275,000-£15,00022 Feb 202402 Aug 2024162 Days
25 Archer Crescent, Nottingham, City Of Nottingham, NG8 1HB£675,000£675,000£0016 Sep 202302 Aug 2024321 Days
24 Woodthorpe Gardens, Nottingham, City Of Nottingham, NG5 4ED£250,000£245,000-£5,00010 Apr 202401 Aug 2024113 Days
14 Warren Avenue, Nottingham, City Of Nottingham, NG5 1DE£250,000£245,000-£5,00025 Jan 202431 Jul 2024188 Days
55 Greenwich Avenue, Nottingham, City Of Nottingham, NG6 0LE£170,000£160,000-£10,00012 Mar 202431 Jul 2024141 Days
17 Ashworth Close, Nottingham, City Of Nottingham, NG3 7FR£210,000£200,000-£10,00016 Jan 202429 Jul 2024195 Days

Most Expensive Streets in Nottingham

PostcodeStreetAreaAverageNo. of Sales
NG8 2APWollaton RoadNottingham£1,218,3333
NG7 1DTLenton RoadThe Park£959,5004
NG3 5ENArlington DriveNottingham£953,3336
NG1 5DNPark TerraceNottingham£924,65510
NG7 1BWHuntingdon DriveNottingham£851,1146
NG7 1BJNewcastle CircusNottingham£782,7504
NG7 1BUClare ValleyNottingham£776,0005
NG3 5ESWarwick RoadNottingham£761,6663
NG3 4JUSpringfield PasturesNottingham£748,5717
NG7 1BACavendish Crescent NorthNottingham£736,6663

Least Expensive Streets in Nottingham

PostcodeStreetAreaAverageNo. of Sales
NG1 6BHHounds GateNottingham£42,29011
NG1 3BWAvalon CourtKent Street, Nottingham£42,9374
NG1 1DEPark View CourtNottingham£49,26615
NG1 1DDPark View CourtNottingham£49,4688
NG1 6EPMinerva HouseSpaniel Row£49,7756
NG1 6BFMinerva HouseSpaniel Row£53,0006
NG5 2EGTavistock CourtNottingham£53,5003
NG3 5NFMapperley RoadNottingham£57,3336
NG1 1ESCranbrook HouseCranbrook Street, Nottingham£58,3333
NG3 4LNThe New Alexandra CourtWoodborough Road£59,8758

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