TSPC House Price Report | Q1 2025

TSPC House Price Report | Q1 2025 (January – March 2025)

A closer look at the local housing market across Tayside

The first three months of 2025 have seen a steady start to the year for the Tayside property market, with house prices holding up well compared to last year, and buyer activity showing signs of strength.

According to exclusive data from TSPC, the average property selling price across Tayside in Q1 2025 was £169,628, showing a 2.4% increase compared to the same period last year. More properties are also achieving their Home Report Value or more.

Regional pricing trends

Property values continue to vary depending on location, offering something for a range of budgets across the region.

Dundee and Invergowrie remain the most affordable, with an average Q1 selling price of £137,500. Arbroath and surrounding areas follow, where prices climbed 5% year-on-year to reach an average of £152,272.

At the other end of the scale, Broughty Ferry and Barnhill continue to attract strong prices, with an average of £256,720, representing a 6% increase compared to Q1 2024 – the highest in the region.

Sales and buyer activity

421 property sales were completed during the first quarter, with March standing out as the busiest month, accounting for over a third (37.5%) of all completions. While sales were 1.6% lower than Q1 last year, the number of properties going under offer was up, pointing to a healthy level of buyer interest.

532 homes went under offer, a 7.9% increase on the same period in 2024. February proved to be the most active month for agreed sales, contributing to 39% of the total.

The median time for a home to go under offer was 30 days – an improvement of five days faster than this time last year.

Spotlight on Forfar and growing supply

One of the standout stories this quarter was Forfar and its surrounding areas, which saw an 82% increase in sales and an 8.2% rise in the average selling price. It’s a clear sign that demand is growing in the area.

There’s also been a noticeable increase in new listings, with 574 properties inserted for sale exclusively on tspc.co.uk during Q1 – up 11.9% year-on-year. March was the busiest month for listings, but January stood out with a 27.7% jump compared to January 2024.

Among the areas seeing the biggest increases in listings, Monifieth stands out with a striking 71.4% rise in new properties compared to the same period last year.

Other locations seeing strong growth in new property listings include:

• Carnoustie – up 30.3%
• Forfar – up 22.7%
• Arbroath – up 18.4%
• Dundee – up 6.6%

What’s next for the local market?

As we move into the warmer months and the traditionally busier selling season, the outlook remains positive for both buyers and sellers. An increase in available properties is giving buyers more choice and flexibility, while sellers who price realistically continue to achieve strong results.

Homes are going under offer more quickly than this time last year, suggesting that well-presented, competitively priced properties are attracting swift interest. Forfar has emerged as a standout hotspot for sales, while Monifieth is firmly on the radar thanks to a surge in new listings.

At TSPC, we continue to lead the local market with the widest selection of properties, all listed exclusively on tspc.co.uk. If you’re thinking of buying or selling, remember we work with 26 member solicitor estate agents, and list more properties than any other local or national portal – making us the first stop for anyone moving in Tayside.

Gair Couston, Chairman of TSPC, commented “It is great to see such a positive start to the year, the figures clearly demonstrate that TSPC continues to lead the market in Dundee and Angus with a high volume of sales and listings, and the widest selection of properties locally.”