The Illogan housing market has experienced some correction over the past two years, with Rightmove reporting prices 6% down on the previous year and 3% below the 2022 peak of £307,979. However, OnTheMarket shows a more positive trend with a 3.6% rise in sold prices over the last 12 months, suggesting the market may be stabilising. Our data shows the current average asking price sits at £376,326, which is notably higher than the average sold price of £298,589 reported by Rightmove, indicating sellers' price expectations may need careful management in the current climate.
Zoopla's analysis of sold prices in the TR16 postcode area, which covers Illogan and surrounding villages, shows an average sold price of £325,839 across the last 12 months. This discrepancy between asking and achieved prices highlights the importance of working with an agent who understands local market dynamics and can price your property realistically from day one. Properties in the £200,000 to £300,000 bracket dominate the current listings, accounting for 37 of the 91 homes for sale, representing strong demand in this entry-level to mid-market segment.
Transaction volumes in Illogan have remained steady rather than explosive, with around 780 properties having changed hands over the past decade according to Property Market Intel data. The market is characterised by a good mix of property types, though detached properties command the highest prices at an average of £370,541, while terraced properties offer the most affordable entry point at around £215,889. This diversity means different agents have varying levels of expertise across the property spectrum, making it worth your while to compare their track records in your specific category.