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Spennymoor House Prices Spennymoor House Prices

The average house price in Spennymoor is £149,508 using HM Land Registry data.

The average property price increased by £22,162 (16.35%) over the last 5 years and increased by £4,440 (2.9%) over the last 12 months.

Over the last year, there were 242 residential property sales – a decrease of 53 transactions (-21.90%) relative to the previous year. The majority of house sales (56) were in the £138,000 - £172,000 range. Then came properties in the £104,000 - £138,000 range, where 50 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 135 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,905 (-3%).

In January 2025, there were 43 new estate agency instructions, 35 agreed home sales and 27 property price reductions.

Postcodes Covered: DH6, DL16, DL17

5-Year Average Property Prices in Spennymoor

16.35%

Property prices in Spennymoor increased by 16.35% 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 Spennymoor Over the Last Year

2.9%

Property prices in Spennymoor increased by 2.9% 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 Spennymoor - 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 Spennymoor

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 Spennymoor

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 Spennymoor

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 Spennymoor since 1995

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

Recent Property Sales in Spennymoor

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
28 Witton Drive, Spennymoor, County Durham, DL16 6LU£99,950£99,950£013 May 202416 Dec 2024217 Days
3 Chestnut Avenue, Spennymoor, County Durham, DL16 7SN£109,950£102,500-£7,45023 Sep 202413 Dec 202481 Days
4 Buttermere, Spennymoor, County Durham, DL16 6UD£220,000£207,500-£12,50024 Sep 202406 Dec 202473 Days
49 Bluebell Drive, Spennymoor, County Durham, DL16 7YF£269,950£263,500-£6,45022 Jun 202429 Nov 2024160 Days
12 Spruce Court, Spennymoor, County Durham, DL16 7XZ£162,950£150,000-£12,95025 Jul 202429 Nov 2024127 Days
10 Bowes Grove, Spennymoor, County Durham, DL16 6LT£140,000£140,000£019 Jul 202428 Nov 2024132 Days
29 Tangmere, Spennymoor, County Durham, DL16 6TY£155,000£152,500-£2,50023 Aug 202428 Nov 202497 Days
34 Barnfield Road, Spennymoor, County Durham, DL16 6EA£159,950£159,950£004 Jul 202428 Nov 2024147 Days
4 Ash Grove, Spennymoor, County Durham, DL16 7SR£115,000£100,000-£15,00015 Jul 202418 Nov 2024126 Days
2 The Paddock, Tudhoe Village, Spennymoor, County Durham, DL16 6YW£525,000£500,000-£25,00005 Jul 202411 Nov 2024129 Days
75 Weardale Street, Spennymoor, County Durham, DL16 6EP£99,950£95,000-£4,95028 Jun 202408 Nov 2024133 Days
77 Parkside, Spennymoor, County Durham, DL16 6SA£180,000£180,000£019 Jun 202418 Oct 2024121 Days
113 Parkside, Spennymoor, County Durham, DL16 6SA£159,900£159,900£010 May 202411 Oct 2024154 Days
116 Durham Road, Spennymoor, County Durham, DL16 6SQ£105,000£105,000£026 Jul 202409 Oct 202475 Days
37 Mayfields, Spennymoor, County Durham, DL16 6RW£140,000£140,000£022 Mar 202409 Oct 2024201 Days
2 Rosa Street, Spennymoor, County Durham, DL16 7NA£110,000£108,000-£2,00016 Feb 202416 Aug 2024182 Days
11 Birchmere, Spennymoor, County Durham, DL16 6TU£159,950£159,950£029 May 202407 Aug 202470 Days
20 Ash Grove, Spennymoor, County Durham, DL16 7SR£85,000£80,000-£5,00029 Nov 202302 Aug 2024247 Days
26 West Terrace, Spennymoor, County Durham, DL16 7BW£150,000£145,000-£5,00029 Apr 202402 Aug 202495 Days
5 Kentmere, Spennymoor, County Durham, DL16 6UB£184,950£184,950£028 Mar 202429 Jul 2024123 Days

Most Expensive Streets in Spennymoor

PostcodeStreetAreaAverageNo. of Sales
DL16 6LRSt Marys GroveTudhoe Village£443,3333
DL16 6NNEve LaneSpennymoor£420,80010
DL16 6FHSeven Hills CourtSpennymoor£374,0005
DL16 6PAHay LaneSpennymoor£310,3734
DL16 7LJWestmoor CloseSpennymoor£302,1586
DL16 7UNHolindaleSpennymoor£282,3163
DL16 6LLTudhoe LaneSpennymoor£271,9833
DL16 6JYSt Charles RoadSpennymoor£271,9157
DL16 7GHBurton Constable CloseSpennymoor£265,6503
DL16 7DFSouth ViewSpennymoor£263,7504

Least Expensive Streets in Spennymoor

PostcodeStreetAreaAverageNo. of Sales
DL16 7TDCraddock StreetSpennymoor£43,4795
DL16 6QJKing StreetSpennymoor£45,9303
DL16 7TPStratton StreetSpennymoor£46,2996
DL16 7TACraddock StreetSpennymoor£48,5744
DL16 7SZCraddock StreetSpennymoor£48,6666
DL16 6HPPearson StreetSpennymoor£50,2857
DL16 7TBCraddock StreetSpennymoor£51,7438
DL16 6DRBrook StreetSpennymoor£52,1007
DL16 6HTUpper Church StreetSpennymoor£52,5003
DL16 6AJJackson StreetSpennymoor£54,1405

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