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Bury St Edmunds House Prices Spring 2022

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Sun 22 May 2022

Bury St Edmunds House Prices Spring 2022

With spring 2022 tipped to be a busy time for the housing market, it is important to remain informed as to what is happening in the local housing market. At Coakley & Theaker, we are committed to ensuring you know about Bury St Edmunds house prices.

What is happening nationally and locally?

Information provided by Land Registry states that in January 2022, the average price of property in Suffolk was £292,012. For England, the average sales price was £291,560.

How is the Bury St Edmunds property market faring?

According to Zoopla, as of late April 2022, there have been 1,142 property sales across Bury St Edmunds in the last 12 months. The average sales price of property in Bury St Edmunds in this time is £346,183.

As you can see, the Zoopla prices for Bury St Edmunds property is higher than the average property price in Suffolk, and for England.

If you are more interested in a particular type of property, please see below for the average sales price per property type:

  • Detached: £459,909
  • Semi-detached: £287,338
  • Terraced: £252,613
  • Flats: £178,146

If you are interested in what Rightmove says about property prices in Bury St Edmunds, they state;

Properties in Bury St. Edmunds had an overall average price of £315,952 over the last year.

The majority of sales in Bury St. Edmunds during the last year were terraced properties, selling for an average price of £274,036. Semi-detached properties sold for an average of £291,844, with detached properties fetching £465,346.

Overall, sold prices in Bury St. Edmunds over the last year were 3% down on the previous year and 2% down on the 2018 peak of £321,938.”

There is a notable difference in the average sold prices stated by Zoopla and Rightmove. However, both of the leading property portals state average prices for Bury St Edmunds higher than the Suffolk or English average.

Is Bury St Edmunds an affordable option right now?

It is also interesting to see Rightmove says house prices have fallen in Bury St Edmunds in the past 12 months. This is in contrast to the general performance of the housing market.

By itself this is no bad thing, and it might make the local market seem even more appealing to buyers than other locations in the nearby area. However, if you plan on selling your Bury St Edmunds home, it is vital you take this on board, and make sure it is the best decision for your needs.

If you need to discuss the Bury St Edmunds housing market, we can help

As estate agents in Bury St Edmunds, we are more than happy to discuss your options in and around the local housing market. We have an experienced team who knows the market well, and we are always happy to offer guidance and support.

Contact Coakley & Theaker for all your Bury St Edmunds property market needs

At Coakley & Theaker, we aim to support the local community as much as we can, and we know this is an extremely trying time. A lot of people are looking for support and guidance, and if you have any property or housing related questions, we are more than happy to assist you, so contact us today by calling us on 01284 769691.