Southwark House Prices, London
Southwark is a borough, located in London.
Southwark House Prices
As of June, 2024, the average house prices in Southwark are as follows:
- studio – £325,000 (-6.84%)
- 1 bedroom flat – £400,000 (-5.78%)
- 2 bedroom flat – £550,000 (-9.03%)
- 3 bedroom flat – £775,000 (-6.3%)
- 4 bedroom flat – £1,150,000 (-5.92%)
- 5 bedroom flat – £1,500,000 (-5.9%)
Keep in mind that these are simply the average rates for Southwark 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 Southwark, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average Southwark house price is £550,000, low by 0% as of £550,000 in May, 2024.
- Currently, there are 4,852 houses for sale and an average of 101 property sales per month. Demand in the real estate market is low, so that price may fall.
Check back next month for updated Southwark house prices.
Southwark House Prices Growth
The average house price in Southwark over the last 5 years is as follows:
- 2019-06 – £584,881
- 2020-06 – £588,837 (0.68%)
- 2021-06 – £582,734 (-1.04%)
- 2022-06 – £572,648 (-1.73%)
- 2023-06 – £567,674 (-0.87%)
- 2024-06 – £548,288 (-3.41%)
Sold house prices in Southwark have dropped from June, 2023 to June, 2024. Compared to June, 2019, house prices are now down 6%. Therefore, at the moment, you may be able to purchase real estate at a more favourable price than five years ago.
In addition to checking the average Southwark house prices, it’s also wise to keep an eye on house rent prices in Southwark. 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 Southwark.
Read more about Southwark areas: Bermondsey, Crystal Palace, Dulwich, Dulwich Village, Herne Hill, Kennington, Newington, Nunhead, Old Kent Road, Peckham, Rotherhithe, South Bank, Sydenham, Walworth, West Dulwich.