Richmond House Prices, London
Richmond is an area, located in the borough Richmond upon Thames.
Richmond House Prices
As of June, 2024, the average house prices in Richmond are as follows:
- studio – £300,000 (6.93%)
- 1 bedroom flat – £459,950 (-0.73%)
- 2 bedroom flat – £650,000 (-3.76%)
- 3 bedroom flat – £975,000 (-6.86%)
- 4 bedroom flat – £1,500,000 (-3.87%)
- 5 bedroom flat – £2,850,000 (-1.66%)
Keep in mind that these are simply the average rates for Richmond 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 Richmond, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average Richmond house price is £799,950, high by 0.12% as of £799,000 in May, 2024.
- Currently, there are 1,085 houses for sale and an average of 20 property sales per month. Demand in the real estate market is low, so that price may fall.
Check back next month for updated Richmond house prices.
Richmond House Prices Growth
The average house price in Richmond over the last 5 years is as follows:
- 2019-06 – £752,810
- 2020-06 – £758,215 (0.72%)
- 2021-06 – £791,959 (4.45%)
- 2022-06 – £846,871 (6.93%)
- 2023-06 – £843,518 (-0.4%)
- 2024-06 – £846,305 (0.33%)
Sold house prices in Richmond remained unchanged from June, 2023 to June, 2024. Compared to June, 2019, house prices are now up 12%. Thus, if the trend continues, purchasing real estate in Richmond in the current climate could be favourable, with the potential for an attractive profit in the future.
In addition to checking the average Richmond house prices, it’s also wise to keep an eye on house rent prices in Richmond. 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 Richmond.