Property prices in Falkirk
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Recent trends for prices in Falkirk
The latest figures from February 2024 indicate the property market in Falkirk continues to show falling price trends. Compared to January, 2024, average prices decreased by -0.1% to £166,967. On an annual basis, average property prices have increased 4.7% since 12 months ago.
In terms of sales activity, there were 188 residential property transactions completed in Falkirk during February, 2024. Of these purchases, 137 were financed with a mortgage while 51 were all-cash sales. For cash buyers, average prices have changed by -0.2% since January, 2024, coming in at around £134,989. For properties purchased with a mortgage, the average price changed by -0.1% since January, 2024, to £181,994.
Compared to the overall picture in its national parent Scotland, the average property price in Falkirk are lower than the current national average of £187,807. While Falkirk saw a change of -0.1% over the last month, Scotland as a whole recorded a percentage change of -0.6% in average property values. And on an annual basis, prices across Scotland have grown by 5.6%, more than the 4.7% yearly change seen in Falkirk.
Interested in purchasing a property in Falkirk? Use our Monthly Mortgage Cost Calculator to see how much a property may cost you per month. This tool is for illustrative purposes only and does not constitute financial advice.
Average price in Falkirk by housing type
Prices last recorded in February, 2024
average
£166,967
detached
£318,114
flat
£93,966
semi-detached
£185,135
terraced
£136,520
Prices by housing type in Falkirk
Recent data shows that price growth has varied across different property types in Falkirk over the last year. For terraced houses, property prices changed by -0.2% between February 2024 and January 2024 to reach £136,520, and changed by 4.8% over the last 12 months. The annual change was less than the 4.7% change seen for terraced homes in Scotland overall.
Meanwhile, semi-detached properties saw a fall in average prices locally, taking them to £185,135 in January 2024. This represents a -0.1% change from the same month last year.This is underperforming the 6.4% annual change in semi-detached values across the country.
Detached homes in Falkirk gained 0.2% month-over-month to reach an average of £318,114. Annually, detached property values have changed by 6.5%. This is weaker price growth compared to Scotland's 7.3% change for detached houses over the year.
For apartments and flats, average prices decreased by -0.4% between February and January 2024, hitting £93,966. Over the last 12 months, apartment values have changed by 2.5%, lagging Scotland's flat and apartment growth rate of 4.7%.
Overall, detached properties have seen the strongest price momentum locally over the past year, with a change of 6.5%, while flat properties lagged, with a change of 2.5%.
Recent purchases in Falkirk
According to data from HM Land Registry, there were 188 completed property purchases in the area of Falkirk in February 2024. Of these sales, 51 were recorded as cash purchases whilst 137 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by 5% and the percentage of properties purchased with cash has changed by 3.8%.
The number of cash and mortgage purchases may not match the recorded number due to exclusions listed on the gov.uk website
Looking for a specific property type?
Use one of the following links to find more specific information about the type of property you're looking for in falkirk.
Detached property prices in falkirk
Semi-Detached property prices in falkirk
Terraced property prices in falkirk
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