Erdington House Prices, Birmingham
Erdington is an area, located in Birmingham.
Erdington House Prices
As of June, 2024, the average house prices in Erdington are as follows:
- studio – £147,500 (96.67%)
- 1 bedroom flat – £100,000 (-0.49%)
- 2 bedroom flat – £155,000 (-4.15%)
- 3 bedroom flat – £249,950 (0.3%)
- 4 bedroom flat – £325,000 (-4.72%)
- 5 bedroom flat – £399,975 (1.94%)
Keep in mind that these are simply the average rates for Erdington house prices, so you can find quality properties for more or less than these numbers. In addition to this month’s sold house prices in Erdington, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average Erdington house price is £225,000, low by 2.17% as of £230,000 in May, 2024.
- Currently, there are 781 houses for sale and an average of 31 property sales per month. Demand in the real estate market is low, so that price may fall.
Check back next month for updated Erdington house prices.
Erdington House Prices Growth
The average house price in Erdington over the last 5 years is as follows:
- 2019-06 – £162,164
- 2020-06 – £159,899 (-1.4%)
- 2021-06 – £178,536 (11.66%)
- 2022-06 – £189,167 (5.95%)
- 2023-06 – £203,076 (7.35%)
- 2024-06 – £192,123 (-5.39%)
Sold house prices in Erdington have dropped from June, 2023 to June, 2024. Compared to June, 2019, house prices are now up 18%. Thus, if the trend continues, purchasing real estate in Erdington in the current climate could be favourable, with the potential for an attractive profit in the future.
In addition to checking the average Erdington house prices, it’s also wise to keep an eye on house rent prices in Erdington. If you aren’t quite ready to buy or want to purchase an investment property, it’s a good idea to stay up-to-date on the latest rent rates!
Check back to HowToEstate soon for updated prices on renting, buying, and selling property in Erdington.