Forest Hill House Prices, London
Forest Hill is an area, located in the borough Lewisham.
Forest Hill House Prices
As of June, 2024, the average house prices in Forest Hill are as follows:
- studio – £185,000 (-4.21%)
- 1 bedroom flat – £325,000 (2.36%)
- 2 bedroom flat – £425,000 (-3.08%)
- 3 bedroom flat – £650,000 (-0.58%)
- 4 bedroom flat – £900,000 (-3.58%)
- 5 bedroom flat – £950,000 (-2.78%)
Keep in mind that these are simply the average rates for Forest Hill 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 Forest Hill, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average Forest Hill house price is £500,000, low by 0% as of £500,000 in May, 2024.
- Currently, there are 237 houses for sale and an average of 28 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 Forest Hill house prices.
Forest Hill House Prices Growth
The average house price in Forest Hill over the last 5 years is as follows:
- 2019-06 – £438,289
- 2020-06 – £459,412 (4.82%)
- 2021-06 – £500,480 (8.94%)
- 2022-06 – £473,452 (-5.4%)
- 2023-06 – £513,409 (8.44%)
- 2024-06 – £506,239 (-1.4%)
Sold house prices in Forest Hill have dropped from June, 2023 to June, 2024. Compared to June, 2019, house prices are now up 15%. Thus, if the trend continues, purchasing real estate in Forest Hill in the current climate could be favourable, with the potential for an attractive profit in the future.
In addition to checking the average Forest Hill house prices, it’s also wise to keep an eye on house rent prices in Forest Hill. 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 Forest Hill.