Stay in touch with local market moves
The housing market in Darlington has seen a significant increase in average house prices over the past month, with figures from the Land Registry revealing a rise of over £700. As the country recovers from the pandemic, the property market is experiencing a surge in activity, and Darlington is no exception. Homeowners and property investors alike will be eager to learn more about the current state of the local housing market and what this means for buying and selling property in the area.
At Anthony Jones, we aim to provide you with as much support and guidance as possible in the Darlington housing market.
We stay in touch with what is happening in Darlington housing market
Recent figures from the Land Registry show that there has been a noticeable increase in house prices in Darlington during February. The average house price in February 2023 was £162,458, an increase of over £700 compared to the previous month's average of £161,670. This represents a 0.5 per cent increase in house prices for the area. Over the last 12 months, there has been a significant rise in house prices in Darlington, with an overall increase of 8.3 per cent.
How are house prices in Darlington faring?
House prices in Darlington have shown an increase across all types of housing. The following are the current prices for each type of housing, compared to the prices in January:
- Detached houses: increased from £281,147 to £283,685
- Semi-detached houses: increased from £164,000 to £164,731
- Terraced houses: increased from £122,592 to £122,869
- Flats: increased from £89,455 to £90,020
Overall, there has been a noticeable increase in house prices for all types of housing in Darlington.
Darlington in comparison with national average
Although Darlington has experienced an increase in house prices this month, it remains below the UK average. The typical property value in the UK was £287,506 in February, which is higher than the property values in Darlington. In February 2023, the average house price in the UK rose to £15,052 compared to the previous year, with an overall growth rate of 5.5 per cent. However, there was a slight decrease of -1.0 per cent in house prices compared to the previous month.
As local estate agents, we care about the local community and do everything we can to stay in touch with what is happening in the local housing market. If you are looking for the best service from a specialist estate agent in Darlington, we are more than happy to assist you.
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.
