Warrington Property Market Report October 2022

The leaves are falling, the clocks have gone back and children, still hyped-up on sugar from their Halloween trick or treating, are now looking forward to this weekend’s fireworks displays. November brings with it darker mornings and chillier nights and so comes thoughts of Christmas and the New Year. This inevitably focuses the minds of those who have been considering moving, as they consider whether their homes are too small or indeed too large for their needs.

The looming New Year sparks thoughts of new beginnings and new homes so, despite the doom and gloom in the papers, life continues. People still move home and the property market continues to be busy.

Let’s have a brief look at what’s been happening over the last month in the local Warrington property market.

There are currently 416 properties available for sale in Warrington. This is 14 more than last month. Of these 416, 71 were new to the market in the last two weeks. The average price of properties in Warrington is £253,017 with the median price at £210,000.

Most of the properties available are in the £100,000 to £200,000 bracket with 158 currently on the market. There are 26 properties available, in the £500,000 to £1 million bracket. This month, properties in the £300,000 to £400,000 bracket are the fastest movers, only on the market for 71 days. They are closely followed by properties in the £400,000 to £500,000 and properties in the £500,000 to £1 million bracket which both only remain on the market for 91 days.

Properties priced at £100,000 and under, are now taking 162 days to sell. One-bedroom properties with a median price of £89,943 are currently sitting on the market for an average of 249 days. This has gone down from 349 days last month.

This is another example of how selling property can take longer than people often imagine. If you’re looking to upsize from your first home, or are an investor looking to change your portfolio, please bear this in mind when planning.

Let’s take a look at the annual figures now.

The majority of sales in Warrington during the last year were semi-detached properties, selling for an average price of £238,088. Terraced properties sold for an average of £173,129, with detached properties fetching £410,885.

Overall, sold prices in Warrington over the last year were 1% down on the previous year and 16% up on the 2019 peak of £212,882.

This shows the high levels of activity in the local Warrington property market, which are likely to increase or at the very least, remain strong in the final quarter of the year. There is a lot of demand and plenty of people looking to move around Warrington.

If you’re thinking of selling your property, feel free to contact us. If you’re thinking of buying, letting or renting a Warrington property, please don’t hesitate to get in touch. You can call 01925 235 338 or email staff@hamletwarrington.co.uk.