Wellingborough Property Market Report – September 2024

The average asking price of the 749 properties for sale in Wellingborough was £269,004 in August 2024.

This is a rise of £4,670(1.77%) from the same month of 2023. Since I started collecting the data in January 2021, the average asking price has risen from £215,584 to £269,004. A rise of £53,420
(or 24.8%).

As we can see, asking prices are levelling out at around the £275,000 mark, with asking prices of sold properties at £241,021, though this is still £27,983 (10.4%) lower than the average asking price.

Whilst this is quite a significant gap, it’s far less than the peak difference of £62,545 (22.9%) in October 2023 and less than £52,171 (23.8%) in May this year.

For the previous four months, the amount of sold properties has remained relatively steady at 9.8%, 10.1%, 8.7%, 6.7% and 8.5% for April to June 2024 with just the small dip in May possibly due to the calling of the election for 4th July.

The high I have on record is 14% in the post lockdown market of February 2022, and with interest rates at near 0%.

The lowest being 4.5% just a few months back in the festive period of December 2023.