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Bishop's Stortford Property Market Snapshot February 2021

February 15th 2021
By: Intercounty
Bishop's Stortford Property Market Snapshot February 2021

While the 2021 housing market started briskly, even with the nation in lockdown, there are concerns as to how long this activity will last.

There will be many challenges to come this year, but if you are looking to make a move in the housing market, there will be opportunities.

No matter what move you wish to make, it is always best to make an informed decision.

We help you know the local market in Bishop’s Stortford

As of February 2021, Rightmove says the following about the housing market in Bishop’s Stortford:

Properties in Bishop's Stortford had an overall average price of £450,956 over the last year.

The majority of sales in Bishop's Stortford during the last year were detached properties, selling for an average price of £624,577. Terraced properties sold for an average of £355,012, with semi-detached properties fetching £442,687.

Overall, sold prices in Bishop's Stortford over the last year were similar to the previous year and 1% up on the 2018 peak of £445,445.”

As a snapshot of the local market, at the start of February 2021, Rightmove had 254 properties listed for sale in Bishop’s Stortford.

The breakdown of properties on offer in the area, at this time, was as follows:

  • 72 detached properties listed for sale in Bishop’s Stortford

  • 38 semi-detached properties listed for sale in Bishop’s Stortford

  • 35 terraced properties on offer in the local area

  • 107 flats listed for sale in Bishop’s Stortford

  • 1 bungalow listed for sale in Bishop’s Stortford

  • 1 plot of land listed for sale

At this point in time, the most commonly listed property type for sale in Bishop’s Stortford was flats.

Of course, while Rightmove is the leading property portal in the UK, it is not the only option, and not every property listed for sale is listed on this site.

However, if you are looking to see a snapshot of the local market, reviewing this portal is as good a starting point as any.

Gardens and open space are vital for house buyers

Given the events of the past year, it is likely that homebuyers are keen to see a property with a garden. Open space is crucial, and the property snapshot suggests 188 properties (out of 254) in Bishop’s Stortford have a garden.

Analysis of the market indicates that 220 of the listed properties have a parking space, which means the majority of properties listed for sale in Bishop’s Stortford have this facility.

When it comes to properties that have both a garden and parking space, 163 listings feature both.

No matter your plans in the property market, this information is useful. If you are looking to buy a home, it is helpful to know what is on offer in the local area. If you are looking to sell a home, it is useful to know what your competition is.

At Intercounty, we are here to assist you as best we can. We are local specialists in the Bishop’s Stortford housing market, and if you are keen to connect with likely buyers, we can assist you.

For property sector enquiries in Bishop’s Stortford, please feel free to call us on 01279 757250 or why not email us at bishopsstortford@intercounty.co.uk. With considerable experience in the local market, and free valuation services, we look forward to helping you move.