Ilford House Prices, London
Ilford is an area, located in the borough Redbridge.
Ilford House Prices
As of June, 2024, the average house prices in Ilford are as follows:
- studio – £275,000 (3.13%)
- 1 bedroom flat – £225,000 (-2.12%)
- 2 bedroom flat – £325,000 (-2.49%)
- 3 bedroom flat – £530,000 (0.95%)
- 4 bedroom flat – £650,000 (-1.11%)
- 5 bedroom flat – £740,000 (-0.81%)
Keep in mind that these are simply the average rates for Ilford 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 Ilford, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average Ilford house price is £507,500, high by 1.5% as of £500,000 in May, 2024.
- Currently, there are 1,466 houses for sale and an average of 49 property sales per month. Demand in the real estate market is low, so that price may fall.
Check back next month for updated Ilford house prices.
Ilford House Prices Growth
The average house price in Ilford over the last 5 years is as follows:
- 2019-06 – £389,035
- 2020-06 – £390,770 (0.45%)
- 2021-06 – £434,308 (11.14%)
- 2022-06 – £431,872 (-0.56%)
- 2023-06 – £461,329 (6.82%)
- 2024-06 – £459,715 (-0.35%)
Sold house prices in Ilford remained unchanged 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 Ilford in the current climate could be favourable, with the potential for an attractive profit in the future.
In addition to checking the average Ilford house prices, it’s also wise to keep an eye on house rent prices in Ilford. 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 Ilford.