Bromley House Prices, London
Bromley is a borough, located in London.
Bromley House Prices
As of June, 2024, the average house prices in Bromley are as follows:
- studio – £160,000 (-6.74%)
- 1 bedroom flat – £275,000 (-0.66%)
- 2 bedroom flat – £399,995 (-1.22%)
- 3 bedroom flat – £585,000 (-0.24%)
- 4 bedroom flat – £795,000 (-2.85%)
- 5 bedroom flat – £1,100,000 (-7.84%)
Keep in mind that these are simply the average rates for Bromley 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 Bromley, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average Bromley house price is £535,000, high by 1.9% as of £525,000 in May, 2024.
- Currently, there are 4,538 houses for sale and an average of 160 property sales per month. Demand in the real estate market is low, so that price may fall.
Check back next month for updated Bromley house prices.
Bromley House Prices Growth
The average house price in Bromley over the last 5 years is as follows:
- 2019-06 – £434,020
- 2020-06 – £442,779 (2.02%)
- 2021-06 – £479,177 (8.22%)
- 2022-06 – £485,676 (1.36%)
- 2023-06 – £514,738 (5.98%)
- 2024-06 – £505,722 (-1.75%)
Sold house prices in Bromley have dropped from June, 2023 to June, 2024. Compared to June, 2019, house prices are now up 16%. Thus, if the trend continues, purchasing real estate in Bromley in the current climate could be favourable, with the potential for an attractive profit in the future.
In addition to checking the average Bromley house prices, it’s also wise to keep an eye on house rent prices in Bromley. 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 Bromley.
Read more about Bromley areas: Anerley, Beckenham, Bickley, Biggin Hill, Bromley Common, Chelsfield, Chislehurst, Coney Hall, Crofton, Crystal Palace, Downham, Eden Park, Farnborough, Hayes, Mottingham, Orpington, Park Langley, Penge, Petts Wood, Shortlands, Sundridge, Sydenham, West Wickham.