The Teignmouth housing market has shown resilient performance with sold prices rising by approximately 2.2% over the last 12 months, according to the latest Land Registry data. The average sold price sits around £312,000 to £315,828 depending on the data source, with properties in the TQ14 postcode area achieving an overall average of £348,186. While asking prices have seen a modest 3.6% adjustment in the past six months, the market remains active with approximately 189 residential property sales recorded in the last year.
Property prices in Teignmouth vary significantly by type, reflecting the diverse housing stock available in this coastal town. Detached properties command the highest average prices at around £423,000 to £434,000, while semi-detached homes average between £298,000 and £328,000. Terraced properties, which form a significant portion of the market, typically sell for around £260,000 to £280,000, while flats represent the most affordable entry point at approximately £193,000 to £206,000. The variation across property types makes choosing an agent with relevant local expertise particularly important.
The market has experienced a slight cooldown from its 2023 peak, with overall prices approximately 2% down on the previous year and 4% below the 2023 peak of £315,538. However, the TQ14 8 postcode sector around central Teignmouth has shown particular resilience with 2.3% year-on-year growth. This data suggests that while the broader Teignmouth market is stabilizing, certain areas continue to demonstrate strong demand, particularly for family homes and properties with sea views.
The current average listing price stands at £396,609, reflecting a 3.63% decrease from six months ago, indicating that sellers are adjusting their expectations in response to market conditions. Properties priced competitively are still achieving sales, though the average time on market has extended to 20 weeks, which is longer than the national average and reflects the more selective nature of current buyer activity.