Page 9 - Property market report_Sept24-Feb25

The average Sales volumes
East Lothian properties in East East Lothian across East Lothian
selling price for
increased by
Lothian increased by properties took
37.9% annually
2.2% year-on-year to 24 days during September 2024
£274,190 to go under offer, – February 2025

3 days slower than
the previous
year

Buyers in
East Lothian paid
20.5%
101.7% of the of the property
Home Report valuation sales in East Lothian
on average
were set with a
closing date

This was followed by Haddington with a 26.2% year-on-year. Buyers searching for a home in nearby
increase and Dunbar with 72.3% more new property Tranent could enjoy the best stability, as homes here
listings this year compared to last year. Musselburgh achieved 100.3% of their valuation figure on average,
was in high demand with buyers, recording the leaving buyers more in their budgets to put towards
largest volume of property sales, with levels rising their mortgage deposit.
55.9% compared to the same time last year. Three-
bedroom homes in Musselburgh proved the most Properties took longer to sell overall,
popular in the area with sales volume increasing by but weren’t the slowest across all
46.7% year-on-year.
regions
East Lothian buyers paid slightly less Homes in East Lothian took a median time of 24
The average selling price in East The most affordable property type on the market of their Home Report valuation days to go under offer, which is 3 days slower than
Lothian increased in comparison to across the region was one-bedroom flats in the previous year. However, this selling time is among
Musselburgh, with an average selling price of £143,882. As with a lot of the areas featured in this report, homes the fastest across all ESPC regions, showing that East
the same time last year
The most expensive properties in East Lothian were in East Lothian saw a slight decrease in the amount Lothian remains in high demand with buyers who
The average selling price of property in East Lothian four-bedroom houses in Dunbar and Haddington with of a property’s Home Report valuation prospective feel the need to act swiftly, even with other options
experienced an annual increase of 2.2% during an average of £439,341 and £434,250 respectively. buyers were willing to pay. available to them.
September 2024 – February 2025, taking the new
average to £274,190. This suggests strong stability in East Lothian’s property market saw a During September 2024 – February 2025, East Two-bedroom houses in Musselburgh proved to be
the market, where buyers can feel confident with their strong surge in activity amongst both Lothian properties achieved an average of 101.7% of the most popular, taking a median of just 14 days to
place in the market, and sellers can feel reassured. their Home Report valuation, which is 1.2 percentage go under offer. This was closely followed by three-
buyers and sellers points less than the previous year. However, East bedroom houses in Dunbar at 15 days.

Properties in Gullane were some of the most In a clear indication of a booming local market in East Lothian homes were still in high demand, with a
expensive, with an average selling price of £430,808, Lothian as new property listings rose by 14.7% annually, 37.9% increase in sales volumes overall. 20.5% of homes for sale in East Lothian had a
with North Berwick homes coming in at a close coinciding with a 37.9% increase in sales volume. closing date set, only up 0.5 percentage point from
second at £407,801. In contrast, homes in Ormiston Buyers paid the highest premium to live in the area the previous year. East Linton properties attracted a
were some of the most affordable, with property in Musselburgh offered the highest number of properties of Ormiston, as homes here attracted 104.2% of their strong level of interest with 47% of homes setting a
this area selling for an average of £230,235. for sale, with new listings rising 14.4% year-on-year. Home Report valuation on average, an increase of 2.4 closing date, followed by 36% of Gullane properties.

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