Page 11 - Property market report_Sept24-Feb25

Midlothian selling price of
The average

property in Midlothian
15.1% was £264,869,
of properties set a an annual increase Buyers paid
closing date
of 1.3%
100.9% of
the Home Report
valuation on average,
down 1.7 percentage
points

Properties in
Midlothian took
23 days Sales volumes

to go under offer rose by 9.4%,
while new property
listings dropped
8.7%

Average selling prices enjoyed a Buyers paid less over Home Report Properties continue to sell at a Sales volumes rose, but fewer homes
modest but steady increase valuation than last year steady pace came to market

The average property selling price in Between September 2024 - February 2025, properties in The median time to sell a home in Midlothian Despite an 8.7% year-on-year decrease in the number
Midlothian rose by 1.3% annually between Midlothian sold for an average of 100.9% of their Home between September 2024 and February 2025 was of homes entering the market between September
September 2024 and February 2025, bringing Report valuation, marking a 1.7 percentage point decrease 23 days: one day longer than the previous year 2024 and February 2025, sales volumes recorded a
the new regional average to £264,869. compared to the same period last year. This trend reflects a but still at a brisk pace. healthy boost of 9.4%.
broader market shift, with an increase in available properties
Gorebridge, a growingly popular town, giving buyers greater choice and reducing the pressure to pay Fewer sellers in Midlothian set closing dates for Penicuik boasted the highest volume of property sales
remained the most affordable area in a premium. their properties between September 2024 and during the period, with levels up 18.1%. This was followed
Midlothian, with properties selling for February 2025. Only 15.1% of homes went to a by: Bonnyrigg, where levels were down 22.8%; Dalkeith,
an average of £219,304. In contrast, the Danderhall, Midlothian’s closest town to Edinburgh city closing date, down from 23.4% the year before, down 14.7%; and Loanhead, where sales volumes rose
developing village of Eskbank, had the centre, saw the highest premiums, with properties selling highlighting the recent market slowdown. 61.9%.
highest average selling price at £388,204. for an average of 103.4% of their Home Report valuation. Bonnyrigg saw the highest demand, with 23% of
properties selling via a closing date. Three-bedroom houses in Penicuik sold in the highest
For first-time buyers, two-bedroom flats Meanwhile, 73.3% of properties in Midlothian sold for at volumes, with an average selling price of £232,948,
in Dalkeith were the most budget-friendly least their Home Report valuation, down from 83.3% in Two-bedroom flats in Dalkeith were the fastest- closely followed by three-bedroom houses in Bonnyrigg,
option, with an average sale price of £162,677, the previous year. This reflects current market conditions, selling properties, taking just 12 days to sell—15 which sold for an average price of £255,427. This reflects
comfortably below the LBBT threshold of where buyers have a better chance of securing a home at or days quicker than the same period last year— Midlothian’s appeal to families looking for affordable
£175,000. below valuation, and sellers may be more inclined to accept indicating strong demand, particularly from homes in locations that provide excellent transport
offers closer to the valuation to facilitate their next move. young professionals and commuters. links to Edinburgh.

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