Bury St Edmunds Housing Market 2021

Bury St Edmunds Housing Market 2021

The start of a year provides an opportunity for a fresh start, and a chance to make plans for what lies ahead.

While 2021 is likely to be a year of great uncertainty, there will be opportunities for people to make the most of the year.

It is correct to say the housing market ended 2020 in a robust manner. Many industry experts believe the market will continue in this vein for some time. However, there are concerns over the longer-term nature of the property market in 2021.

At Coakley & Theaker, we want you to make an informed decision at all times. We know the local market well, and we are pleased to say we have helped many buyers and vendors in and around Bury St Edmunds.

We are committed to staying in touch with the latest property market news, and we listen to what the leading property portals say about the local and national markets. If you are keen to make an informed decision regarding the housing market, please rely on us.

As of the end of December 2020, Rightmove said the following regarding the Bury St Edmunds housing market.

“Properties in Bury St. Edmunds had an overall average price of £303,844 over the last year. The majority of sales in Bury St. Edmunds during the last year were detached properties, selling for an average price of £405,829. Terraced properties sold for an average of £283,520, with semi-detached properties fetching £281,107.

Overall, sold prices in Bury St. Edmunds over the last year were 3% down on the previous year and 4% up on the 2017 peak of £292,644.”

At the end of December 2020, Rightmove had a total of 290 properties listed for sale in Bury St Edmunds.

Of the 290 listed properties in Bury St Edmunds, 51 are listed as detached properties, while 40 are classed as semi-detached property.

Flats and terraced properties are the most common property for sale in Bury St Edmunds

There is an increase when it comes to terraced properties, with 90 terraced properties listed for sale in and around Bury St Edmunds according to Rightmove near the end of December.

There are also 90 flats listed for sale in the local area. There were 10 bungalows listed for sale in Bury St Edmunds at this time.

Garden space and parking spots are in high demand

The most popular search term used by property buyers in 2020, according to Zoopla, was gardens. Parking was also another common search term, with garage space rounding out the top three terms.

If you are looking for these features in a property, you will be pleased to know they are available in abundance in and around Bury St Edmunds.

Of the 290 listed properties in Bury St Edmunds, 249 have been listed has having a garden.

If you are looking for property with a dedicated parking space, there are 255 listings with parking for property in Bury St Edmunds.

A total of 219 properties for sale in Bury St Edmunds are listed as offering a garden and parking space.

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.