Based on recent HM Land Registry data, the average house price in Harleston stands at approximately £355,000, with asking prices averaging around £397,500 for current market listings. However, historical sold price data reveals more nuanced picture, with the overall average over the last year reaching £270,583. The IP20 postcode area, which encompasses Harleston, shows an average property price of £400,800, indicating that properties within the town itself may sit slightly below this broader average.
Property prices in Harleston increased by just 0.3% in the last 12 months, reflecting a more challenging market environment compared to the national picture. The town experienced a 4% decline from its 2023 peak of £282,513, with 65 residential property sales recorded over the past year representing a 20% decrease compared to the previous year. This reduction in transaction volume suggests buyers are exercising caution, possibly influenced by broader economic factors and interest rate considerations.
The property type breakdown shows considerable variation in values across Harleston's housing stock. Detached properties command the highest prices, with asking prices reaching up to £467,500 and Zoopla recording sold prices averaging £334,719. Semi-detached homes, which form a significant portion of the local housing stock, sell for around £236,000 to £241,000, while terraced properties typically achieve between £184,900 and £198,000. Flats represent the most affordable segment, with average prices around £138,000 to £153,000.