The latest figures show that the average price paid by a first time buyer purchasing property in Chorley was last recorded at £117,380 as of July 2024. This value is based upon the average value of completed property transactions in July.
Average prices paid by a first time buyer for properties in Chorley have increased substantially in the last decade. Back in January 2012, the average price paid by a first time buyer stood at £117,380. Fast forward to January 2012, and the average price has increase to £117,380, representing a growth of 0% over 0 years.
This substantial increase for first time buyers in Chorley far outpaces broader inflation over the same period. Rising household incomes, strong local economy, high demand and constrained supply all likely contributed to the steep rise in prices paid by first time buyers in Chorley over the past decades.