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Somerton House Prices Somerton House Prices

The average house price in Somerton is £377,437 using HM Land Registry data.

The average property price increased by £63,479 (22.21%) over the last 5 years and increased by £12,690 (3.77%) over the last 12 months.

Over the last year, there were 73 residential property sales – a decrease of 25 transactions (-34.25%) relative to the previous year. The majority of house sales (21) were in the £220,000 - £286,000 range. Then came properties in the £286,000 - £352,000 range, where 20 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 £-12,385 (-2%).

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

Postcodes Covered: TA11

5-Year Average Property Prices in Somerton

22.21%

Property prices in Somerton increased by 22.21% 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 Somerton Over the Last Year

3.77%

Property prices in Somerton increased by 3.77% 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 Somerton - 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 Somerton

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 Somerton

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 Somerton

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 Somerton since 1995

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

Recent Property Sales in Somerton

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Mouries Stable, Mowries Court, Somerton, Somerset, TA11 6NF£270,000£260,000-£10,00017 Apr 202416 Aug 2024121 Days
10 Ricksey Close, Somerton, Somerset, TA11 6PN£339,950£339,950£0024 Apr 202409 Aug 2024107 Days
3 Harding Court, Somerton, Somerset, TA11 6TD£255,000£242,000-£13,00028 Mar 202402 Aug 2024127 Days
1 Harding Court, Somerton, Somerset, TA11 6TD£285,000£285,000£0013 May 202426 Jul 202474 Days
The Cottage, Bancombe Road, Somerton, Somerset, TA11 6SD£289,950£270,000-£19,95002 Mar 202418 Jul 2024138 Days
30 Pinewood Drive, Somerton, Somerset, TA11 6JP£295,000£295,000£0016 Apr 202405 Jul 202480 Days
Lyndhurst, 6, St Cleers Orchard, Somerton, Somerset, TA11 6QT£350,000£340,000-£10,00013 Feb 202428 Jun 2024136 Days
20 St Cleers Orchard, Somerton, Somerset, TA11 6QT£299,950£287,000-£12,95006 Oct 202307 Jun 2024245 Days
Lyndhurst, Langport Road, Somerton, Somerset, TA11 6HX£525,000£525,000£0009 Nov 202321 May 2024194 Days
3 Laburnum Close, Somerton, Somerset, TA11 6LP£325,000£325,000£0003 Jan 202417 May 2024135 Days
52 Sevenacres, Somerton, Somerset, TA11 6HG£350,000£350,000£0022 Jan 202402 May 2024101 Days
5 Waverley Close, Somerton, Somerset, TA11 6QG£315,000£295,000-£20,00002 Jan 202401 May 2024120 Days
4 Wessex Rise, Somerton, Somerset, TA11 7BP£239,950£225,000-£14,95022 Jan 202426 Apr 202495 Days
1 Laburnum Drive, Somerton, Somerset, TA11 6LH£285,000£275,000-£10,00001 Nov 202305 Apr 2024156 Days
Mole End, Laburnum Drive, Somerton, Somerset, TA11 6LH£399,950£375,000-£24,95018 Sep 202305 Apr 2024200 Days
Pathway Cottage, Langport Road, Somerton, Somerset, TA11 6RT£210,000£200,000-£10,00002 Jan 202418 Mar 202476 Days
19 Farm Drive, Somerton, Somerset, TA11 6PJ£280,000£280,000£0026 Oct 202323 Feb 2024120 Days
1 Camden Orchard, Somerton, Somerset, TA11 6RL£350,000£347,000-£3,00031 Oct 202323 Feb 2024115 Days
2 Red Lion Court, Somerton, Somerset, TA11 7PH£285,000£275,000-£10,00009 Jun 202323 Feb 2024259 Days
29 King Ina Road, Somerton, Somerset, TA11 6JX£240,000£230,000-£10,00023 Oct 202309 Feb 2024109 Days

Most Expensive Streets in Somerton

PostcodeStreetAreaAverageNo. of Sales
TA11 7HPThe GrangeSomerton£533,3333
TA11 7NTNew StreetSomerton£530,0004
TA11 6HXLangport RoadSomerton£506,0005
TA11 6BQPrimrose CloseSomerton£488,7506
TA11 7PGMount HeySomerton£451,6663
TA11 6HDSutton RoadSomerton£438,3333
TA11 7NLSchool LaneSomerton£429,3336
TA11 6SDBancombe RoadSomerton£418,0006
TA11 6RQWest EndSomerton£401,9833
TA11 6SNCary WaySomerton£398,7504

Least Expensive Streets in Somerton

PostcodeStreetAreaAverageNo. of Sales
TA11 6NFMowries CourtSomerton£188,7857
TA11 7NRThe MillandsSomerton£192,2504
TA11 6JXKing Ina RoadSomerton£196,5004
TA11 7NWKirkham StreetSomerton£204,1663
TA11 6FRDairy CourtSomerton£219,59010
TA11 7JYLion MewsSomerton£230,5205
TA11 6QXSt Cleers OrchardSomerton£233,5003
TA11 6LLWalnut DriveSomerton£236,3163
TA11 6SPPolham LaneSomerton£237,3905
TA11 6JGParklands WaySomerton£239,0003

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