House Prices in Grimsby, North East Lincolnshire

# Grimsby Property Market Summary

Grimsby presents an affordable housing market with an average property value of £114,859, significantly below the national average, making it an attractive option for first-time buyers and investors seeking value. The market has shown considerable volatility over recent years, with average prices fluctuating between £158,442 and £239,238. The peak in 2022 at £239,238 was followed by a notable correction, with 2024 figures settling around £179,160. Current data for 2025 suggests prices are hovering near £199,635, though this should be viewed cautiously given the limited sample size for 2026 (just 18 sales).

Transaction volumes have remained robust, with between 1,470 and 2,444 sales annually in recent years, indicating a reasonably active market despite price fluctuations. The surge in activity during 2021 (2,434 sales) and 2024 (2,444 sales) suggests periods of heightened market confidence. As a traditional port town on the Lincolnshire coast, Grimsby offers affordability and accessibility, though the market's volatility reflects ongoing economic transitions in the area. Buyers should be aware that whilst prices remain low compared to national standards, the market has demonstrated sensitivity to broader economic conditions.