Online Auction Index: Q4 2024

Welcome to our Q4 Online Auction Index, our market-leading focus on the UK residential online Auction market.

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Q4 2024 Online Auction Index 

Q4 is traditionally one of the strongest periods for Auction performance, and this year proved no different. Capital Value raised for vendors reached £511 million, marking this as the first quarterly total in our history to surpass the milestone of half a billion pounds of property sold. This represents a 26% increase compared to Q4 2023. 

2024 was another outstanding year for both our Partner Agent network and the continued growth of auction within the broader industry. With more sellers recognising the benefits of auction and more agents incorporating it into their service offering, the demand for speed and security within transactions will only continue to grow in 2025. 

Hear more from our Co-Founder Jamie Cooke as he reflects on the final quarter of the year. 

Slate_Properties Sold

2,832

Number of properties sold

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£11m

In fees paid to partner agents

Icons Slate RGB_money

£511m

worth of property sold

Slate_Data - Segment

20%

Increase in sales vs Q4 2023

Slate_Large house

48,771

Property viewings

Slate_auction desktop

16,811

Bids placed 

Slate_Security

2,748

Completions

Generate income in your estate agency

33%

Increase in fees paid to Partner Agents vs Q4 2023

Q4, 2024 at Auction

In Q4 2024, 2,832 properties were sold at Auction, a 20% increase year-on-year. Partner Agents collectively earned £11 million in fees – up by 33% from £8.2 million in Q4 2023. 

These record-breaking results demonstrate the robust demand for auction sales and underline the value our network of over 6,000 UK Estate Agency branches brings to the market.

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Q4, 2024 at Auction

In Q4 2024, 2,832 properties were sold at Auction, a 20% increase year-on-year. Partner Agents collectively earned £11 million in fees—up by 33% from £8.2 million in Q4 2023. 

These record-breaking results demonstrate the robust demand for auction sales and underline the value our network of over 6,500 UK Estate Agency branches brings to the market.

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Regional Success

  • All
  • North West
  • North East
  • Midlands
  • South
  • South West
  • South East
  • Wales
Highest Sale Price
£550,000
The Paddock, Elton, Stockton-on-Tees
Manners & Harrison

• 4-Bedrooms
• Detached house
• Sale Price: £550,000
Most bids on a property
152 bids
1 Summerfield Drive, Slyne, Lancaster
Fisher Wrathall

• 4-Bedrooms
• Detached house
• Reserve Price: £450,000
• Sale Price: £542,000
• 23 viewings
Most bids on a property
137 bids
78 Barkby Road, Leicester
William H Brown

• 2-Bedrooms
• Semi-detached house
• Reserve Price: £106,000
• Sale Price: £177,500
• 12 viewings
• 137 bids
Highest Sale Price
£1,200,000
28 Danson Road, Bexleyheath
Your Move

• 4-Bedrooms
• Detached house
• 16 viewings
• 4 bids
Highest Sale Price
£732,000
Nastend Cottage, Nastend, Stonehouse
Hamptons

• 4-Bedrooms
• Character property
• 4 viewings
Most bids on a property
248 bids
Black Nest Hall, 18 Grand Avenue, Worthing
Michael Jones & Company

• 7-bedrooms
• Character property
• Reserve Price: £600,000
• Sale Price: £724,000
• 15 viewings
Highest Sale Price
£475,000
Manordaf Bridge Street, St. Clears, Carmarthen
John Francis

• 7-Bedrooms
• Guest house

Q4 has been a highly successful quarter for us, and Auction played a big part in it, making up over 50% of our sales. The upcoming changes to Stamp Duty have been a big contributing factor to the quarter's success, as we’ve seen many clients looking for speed of sale to complete before the changes come into play. We’re not expecting this to slow down just yet and we’re already gearing up for a very busy Q1.

Derek Wilcox - Wilcox Estate Agency.

In Q4, Auction continued to prove its value and appeal to buyers and sellers. Despite the typical seasonal distractions, Auction showed remarkable growth and resilience. We saw numerous examples of how it delivers on its promise of speed and effectiveness, with properties listed, bids placed, and sales completed with remarkable efficiency. I believe it is the combination of transparency, speed, and security that has driven auction from strength to strength in Q4 and will continue moving forward.

John Nicholson- Dowen Estate Agents

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Q4 Online Auction Index Website Consumer Viewpoint 1_S4
Q4 Online Auction Index Website Consumer Viewpoint 2_S4

Consumer Viewpoint

Over the past 15 years of offering the Modern Method of Auction we have seen consumer awareness and confidence in Auction grow year-on-year. Today, auction activity is at an all-time high.  

Our recent survey found that consumers’ top motivations for considering using auction were that the process is transparent and efficient (51% for buying, 54% for selling), and the speed of the whole process (50% for buying, 54% for selling). 

Auction’s 56-day* completion timeline offers a much faster timeline to completion than traditional Private Treaty, making for the efficient method of sale that over half of consumers are crying out for as we head into Q1. 

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Consumer viewpoint

Over the past 15 years of offering the Modern Method of Auction we have seen consumer awareness and confidence in Auction grow year-on-year. Today, auction activity is at an all-time high.  

Our recent survey found that consumers’ top motivations for considering using auction were that the process is transparent and efficient (51% for buying, 54% for selling), and the speed of the whole process (50% for buying, 54% for selling). 

Auction’s 56-day* completion timeline offers a much faster timeline to completion than traditional Private Treaty, making for the efficient method of sale that over half of consumers are crying out for as we head into Q1. 

View the full Index

Jamie's predictions for Q1

An overview of trends Jamie expects to see in the Auction market as we enter the first quarter of the year.
A strong start to 2025

Beating Stamp Duty deadlines

As we look forward to Q1 2025 we are predicting a strong market in the early part of the year. Many people will be pushing hard to make acquisitions to beat the Stamp Duty deadlines that are of course reverting to the 2022 levels on the 1st April. This is most likely to impact first time buyers however those who invest in property either to flip or BTL will be wanting to push through deals ahead of this deadline. 

 

An optimistic market

Political stability

In 2024 the market saw some instability due to election uncertainty, but the year ended with some positive reductions in interest rates. Looking ahead to 2025, I am optimistic that the market will continue to stabilise into a strong market overall, with the political and economic landscape settling to help deliver a positive and stable property market.  

 

 

 

 

A step towards increased stock

Increased construction for new builds

The new Labour government has indicated plans to reduce red tape in the planning process, allowing construction companies to increase their new build output. While these are promises we have heard before, ambitious goals have been set that suggest we can finally see some steps towards growth in stock in 2025 and beyond. 

View our Q4 Online Auction Index

View our Q4 Online Auction Index

Our Online Auction Index is the industry's only quarterly focus on the UK residential online Auction market.

View the full Index
View our Q4 Online Auction Index

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