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
In September 2024, Oadby’s property market saw 50 properties were listed, up from 34 in 2023, but sales slowed with 31 sold compared to 50 last year. Price changes remained steady at 39, while withdrawals increased to 39 from 25. Exchanges dropped to 16 from 24, and 13 sales fell through, up from 4 in 2023. Houses sold well, but bungalows and flats saw fewer sales. The market is more active but facing some challenges compared to last year.
2023 v 2024
£353
average £/sqft
Listed for Sale – 35
Sold Subject to Contract – 26
Listed for Sale – 12
Sold Subject to Contract – 3
Listed for Sale – 3
Sold Subject to Contract – 2
Clarendon Park, The Knighton's & Stoneygate
LE2 1, LE2 2 & LE2 3
September 2024 saw a vibrant property market with 63 new listings, including 50 houses, 11 flats, and 2 bungalows. Despite a slower sales pace compared to last year, 32 properties sold (22 houses and 10 flats, with 0 bungalows). Sellers responded actively, with 44 price changes, while 15 properties were withdrawn.
Compared to 2023, there’s been a slight increase in new instructions (63 vs 51), but sales have dipped (32 vs 40). However, exchanges have picked up this year, reflecting stronger closing activity. The market remains dynamic, with more adjustments and sellers adapting to evolving demand.
2023 v 2024
£305
average £/sqft
Listed for Sale – 50
Sold Subject to Contract – 0
Listed for Sale – 2
Sold Subject to Contract – 10
Listed for Sale – 11
Sold Subject to Contract – 10
Wigston
LE18
In September 2024, Wigston saw strong activity with 64 new listings, 53 sales, 57 price changes, and 36 properties withdrawn from the market. The average price per square foot was £283, reflecting a healthy demand for properties in the area.
Compared to 2023, new instructions, sales agreed, and exchanges have all increased, while withdrawals are also higher. Cancelled sales remain similar year-on-year, and price changes are consistent, indicating a stable yet competitive market. Overall, 2024 has seen more market movement compared to the previous year, with a higher level of both activity and adjustments from sellers.
2023 v 2024
£283
average £/sqft
Listed for Sale – 49
Sold Subject to Contract – 40
Listed for Sale – 8
Sold Subject to Contract – 12
Listed for Sale – 6
Sold Subject to Contract – 0
Listed for Sale – 1
Sold Subject to Contract – 1
Rental Market
LE2 1, LE2 2, LE2 3, LE2 4 & LE2 5
In September 2024, the rental market across LE2 1-5 was highly active, with 106 rental properties coming to the market and 84 properties let agreed. There were 37 price adjustments, while 66 properties were withdrawn from the market, reflecting a competitive environment.
The average rent per square foot in the area stood at £1.36, significantly below the national average of £2.13, indicating more affordable rental options locally compared to broader market trends.
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