Property Market Pulse
Providing you with a snapshot of what happened in the Property Market last month
Welcome to our Property Market Pulse, your go-to source for the latest updates and trends in the property market across Oadby, Wigston, and Clarendon Park, The Knighton’s & Stoneygate.
Whether you’re a homeowner, buyer, or investor, we provide insights into current market conditions, price movements, and local developments that could impact property values in your area. Stay informed with up-to-date information on sales, lettings, and the demand for homes, helping you make confident decisions in the ever-changing property landscape.
Oadby
lE2 4 & LE2 5
The Oadby property market has taken off! October 2024 has seen new instructions jump from 32 to 41, while sales have leaped from 31 to 43, showcasing strong buyer enthusiasm. Price reductions have doubled (from 23 to 46), as sellers align with market expectations to keep things moving. Exchanges are down slightly (23 to 17), but committed sellers have reduced withdrawals from 24 to 19, signalling increased confidence.
There’s more variety in listings too! Houses, bungalows, and flats are all on the rise, with houses STC skyrocketing from 20 to 32—a clear sign of demand. And with the price per square foot inching up from £338 to £345, it’s an exciting time for anyone looking to buy or sell in Oadby!
2023 v 2024
£345
average £/sqft
Listed for Sale – 29
Sold Subject to Contract – 32
Listed for Sale – 10
Sold Subject to Contract -8
Listed for Sale – 2
Sold Subject to Contract – 3
Clarendon Park, The Knighton's & Stoneygate
LE2 1, LE2 2 & LE2 3
The property market in Clarendon Park, The Knightons, and Stoneygate is seeing dynamic shifts this October! New instructions have surged from 41 to 56, indicating more properties hitting the market and drawing strong buyer interest. Sales have stayed steady with a slight increase, while price reductions have actually decreased (32 to 28), signaling more stable pricing. Exchanges have dipped a bit (from 23 to 17), but the drop in withdrawals (from 37 to 25) and fall-throughs (13 to 8) shows sellers are staying committed.
There’s also a fresh variety of listings, with bungalows, character properties, and retirement homes newly on offer this year. Houses, flats, and bungalows sold subject to contract (STC) remain strong, reflecting continued buyer demand. With price per square foot rising from £305 to £342, the value of properties in these areas is clear. It’s a market full of opportunity and growth for both buyers and sellers!
2023 v 2024
£342
average £/sqft
Listed for Sale – 41
Sold Subject to Contract -29
Listed for Sale – 4
Sold Subject to Contract – 2
Listed for Sale – 8
Sold Subject to Contract – 9
Listed for Sale – 2
Sold Subject to Contract – 0
Listed for Sale – 1
Sold Subject to Contract – 0
Wigston
LE18
The Wigston property market has remained active and dynamic from October 2023 to October 2024. New instructions have held steady at 67, showing consistent interest from sellers. Sales have jumped from 38 to 47, reflecting increased buyer demand and successful transactions. Price reductions have dropped from 38 to 33, indicating that sellers may be aligning prices more closely with market expectations or that demand is sustaining prices.
Exchanges have dipped from 41 to 23, possibly suggesting longer times to complete transactions or changes in buyer commitments. However, the significant drop in withdrawn listings (from 37 to 15) shows sellers are staying in the game. Fall-throughs have risen slightly (from 10 to 14), which could be due to market adjustments or financing challenges.
The price per square foot has seen a minor adjustment from £309 to £307, indicating stable property values across Wigston.
2023 v 2024
£307
average £/sqft
Listed for Sale – 55
Sold Subject to Contract – 33
Listed for Sale – 10
Sold Subject to Contract – 10
Listed for Sale – 2
Sold Subject to Contract – 4
All information is accurate at the time of publication and is sourced from TwentyEA. Please note, this data reflects all property transactions within the specified postcodes and is not limited to transactions handled by Knightsbridge Estate Agents