Tayside property market sees significant growth: Our Q3 2024 update

We’re excited to share some fantastic news—almost every aspect of the Tayside property market is showing considerable growth! From July to September 2024, we at Tayside Solicitors Property Centre (TSPC) have seen an impressive increase in selling prices, closing dates, listings, and sales compared to the same period in 2023.

Market performance

In Q3 2024, a total of 608 homes were sold in the Tayside region, marking a 16% jump from the previous quarter, with sales totalling an impressive £111,326,738. The average selling price for properties in Tayside reached £185,811, a nearly 4% rise compared to Q2 2024, highlighting the upward momentum in property values across the region.

Listings and sales surge

Several areas have seen particularly strong growth. Broughty Ferry and Barnhill recorded a 29.1% increase in listings compared to the same period last year, while North East Fife wasn’t far behind with a 25% rise. We also saw notable growth in Carnoustie and Forfar, with listings up by 16.2% and 13.7%, respectively.

Sales figures are just as impressive. North East Fife experienced the most dramatic growth, with an 81.3% increase compared to this time last year. Dundee, including Invergowrie, saw a 38.1% rise in sales, while Broughty Ferry and Barnhill recorded a 27.7% boost. Monifieth also had a solid performance, with sales up by 16.7%.

Our take on the market

Angela Wallace, our Centre and Operations Manager, shares her thoughts: “We are extremely heartened by these latest statistics, which highlight strong demand across the area from both buyers and sellers. While more properties are available, the proportion of properties with a closing date has also risen compared to this time last year and Q2 2024, indicating that competition remains strong.

“For buyers, the good news is that properties are selling close to their Home Report value, with 73% of homes selling for either the report price or an average of 1.2% above it. For sellers, properties are moving quickly, with the average time to accept an offer at just 23 days. As winter approaches, we expect the market to remain buoyant, so there’s every chance you could be settled in your new home by Christmas!”

Search for local properties with TSPC

The Tayside property market is thriving, and we’re here to help you navigate it. Whether you’re buying or selling, our team is ready to assist you every step of the way. Find your dream property or list your home with us today—exclusively at TSPC.