Merton Park House Prices, London
Merton Park is an area, located in the borough Merton.
Merton Park House Prices
![Merton Park house prices chart Merton Park house prices chart](https://image.howtoestate.com/@howtoestate-website-images/charts/house-prices-area-548.webp)
As of June, 2024, the average house prices in Merton Park are as follows:
- studio – £337,500 (0%)
- 1 bedroom flat – £375,000 (0.38%)
- 2 bedroom flat – £500,000 (1.33%)
- 3 bedroom flat – £825,000 (0.92%)
- 4 bedroom flat – £1,125,000 (0.15%)
- 5 bedroom flat – £1,300,000 (0.27%)
Keep in mind that these are simply the average rates for Merton Park 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 Park, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average Merton Park house price is £750,000, high by 0.01% as of £749,950 in May, 2024.
- Currently, there are 58 houses for sale and an average of 6 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 Merton Park house prices.
Merton Park House Prices Growth
![Merton Park house price growth Merton Park house price growth](https://image.howtoestate.com/@howtoestate-website-images/charts/house-prices-growth-area-548.webp)
The average house price in Merton Park over the last 5 years is as follows:
- 2019-06 – £595,234
- 2020-06 – £587,295 (-1.33%)
- 2021-06 – £634,123 (7.97%)
- 2022-06 – £647,976 (2.18%)
- 2023-06 – £652,624 (0.72%)
- 2024-06 – £640,627 (-1.84%)
Sold house prices in Merton Park have dropped from June, 2023 to June, 2024. Compared to June, 2019, house prices are now up 7%. Thus, if the trend continues, purchasing real estate in Merton Park in the current climate could be favourable, with the potential for an attractive profit in the future.
In addition to checking the average Merton Park house prices, it’s also wise to keep an eye on house rent prices in Merton Park. 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 Park.