Merton House Prices, London
Merton is a borough, located in London.
Merton House Prices
As of June, 2024, the average house prices in Merton are as follows:
- studio – £235,000 (-0.43%)
- 1 bedroom flat – £335,000 (-0.04%)
- 2 bedroom flat – £475,000 (0.91%)
- 3 bedroom flat – £615,000 (-2.19%)
- 4 bedroom flat – £900,000 (-7.93%)
- 5 bedroom flat – £1,650,000 (-7.41%)
Keep in mind that these are simply the average rates for Merton 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 Merton, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average Merton house price is £550,000, high by 4.76% as of £525,000 in May, 2024.
- Currently, there are 2,843 houses for sale and an average of 94 property sales per month. Demand in the real estate market is low, so that price may fall.
Check back next month for updated Merton house prices.
Merton House Prices Growth
The average house price in Merton over the last 5 years is as follows:
- 2019-06 – £511,189
- 2020-06 – £507,652 (-0.69%)
- 2021-06 – £554,803 (9.29%)
- 2022-06 – £559,278 (0.81%)
- 2023-06 – £570,961 (2.09%)
- 2024-06 – £564,813 (-1.08%)
Sold house prices in Merton have dropped from June, 2023 to June, 2024. Compared to June, 2019, house prices are now up 10%. Thus, if the trend continues, purchasing real estate in Merton in the current climate could be favourable, with the potential for an attractive profit in the future.
In addition to checking the average Merton house prices, it’s also wise to keep an eye on house rent prices in Merton. 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 Merton.
Read more about Merton areas: Colliers Wood, Merton Park, Raynes Park, Wimbledon, Wimbledon Park.