According to Rightmove, as of the start of December 2022, the Darlington property market is performing as follows; “Properties in Darlington had an overall average price of £164,278 over the last year. The majority of sales in Darlington during the last year were semi-detached properties, selling for an average price of £169,142. Terraced properties sold for an average of £116,922, with detached properties fetching £317,134.
Overall, sold prices in Darlington over the last year were 3% down on the previous year and 8% up on the 2019 peak of £152,105.”
Snapshot of Darlington property market at end of 2022
Even in a time when the housing market is slowing down, the market can change quickly. This is why it is helpful to look at snapshots of the housing market, allowing people to see what is on offer at a particular time.
The property listings available on Rightmove are not the full market availability for Darlington, but it provides a useful snapshot to allow buyers, sellers and people curious about the Darlington housing market to see what is going on.
Rightmove has a total of 537 properties listed for sale in Darlington, as of the start of December 2022. This list can be broken down across the following property types:
- Detached properties: 125
- Semi-detached properties: 139
- Terraced properties: 156
- Flats: 71
- Bungalows: 44
- Plots of land: 3
452 properties listed for sale in Darlington have a garden, while 392 properties have a parking space. 352 of properties have both a garden and a parking space in Darlington. For anyone interested in a new home, 99 properties listed for sale in Darlington are classed as a new home.
If you would like greater analysis of the Darlington property market, or you would like to discuss your next move in the local housing market, we are here for you. Please get in touch with Anthony Jones Properties, and we will do everything we can to ensure you make an informed decision.
Are homeowners looking to sell their home quickly?
With respect to movement in the housing market, a new study by the House Buyer Bureau indicates the number of homes coming to the market is rising. In comparison with six months ago, there is 16% more homes coming to the market.
Chris Hodgkinson, Managing Director of House Buyer Bureau, commented: “We’ve seen numerous indicators that the market is running low on steam but this is yet to deter the nation’s home sellers, who have continued to flood the market to an even greater extent than six months ago when the pandemic property market boom was still in full swing. Of course, many are doing so in hopes of securing a buyer before the current cool in the rate of house price growth materialises into an actual decline. However, we’ve already seen the level of buyers entering the market start to dwindle as a result of increasing mortgage costs and so they may well find it tougher than expected to secure an offer on their home.”
Chris also said; “So not only are we seeing more homes listed for sale, but there’s also less buyers looking to purchase and when you consider these two factors together, the likelihood is that this surplus for sale stock will actually help accelerate a drop in house prices.”
Contact Anthony Jones for all Darlington property matters
If you are looking for help with any matter of the Darlington property market, it is best to speak to property professionals. No one knows for sure what is going to happen next, so we won’t claim to have all the answers, but the Anthony Jones team is keen to help you as best we can. If you would like to contact us over housing matters, please call us today on 01325 776424.
