Selly Oak House Prices, Birmingham
Selly Oak is an area, located in Birmingham.
Selly Oak House Prices
As of June, 2024, the average house prices in Selly Oak are as follows:
- studio – £450,000 (0%)
- 1 bedroom flat – £145,000 (-22.93%)
- 2 bedroom flat – £230,000 (-2.42%)
- 3 bedroom flat – £282,500 (-1.25%)
- 4 bedroom flat – £375,000 (-1.63%)
- 5 bedroom flat – £425,000 (-1.98%)
Keep in mind that these are simply the average rates for Selly Oak 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 Selly Oak, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average Selly Oak house price is £325,000, high by 8.33% as of £300,000 in May, 2024.
- Currently, there are 95 houses for sale and an average of 12 property sales per month. The real estate market is stable, with a good balance between properties for sale and buyer demand, resulting in stable prices.
Check back next month for updated Selly Oak house prices.
Selly Oak House Prices Growth
The average house price in Selly Oak over the last 5 years is as follows:
- 2019-06 – £198,965
- 2020-06 – £207,381 (4.23%)
- 2021-06 – £224,557 (8.28%)
- 2022-06 – £230,549 (2.67%)
- 2023-06 – £256,966 (11.46%)
- 2024-06 – £257,704 (0.29%)
Sold house prices in Selly Oak remained unchanged from June, 2023 to June, 2024. Compared to June, 2019, house prices are now up 29%. Thus, if the trend continues, purchasing real estate in Selly Oak in the current climate could be favourable, with the potential for an attractive profit in the future.
In addition to checking the average Selly Oak house prices, it’s also wise to keep an eye on house rent prices in Selly Oak. 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 Selly Oak.