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House Prices in SO16

The average house price in SO16 (Southampton) is £269,037 using HM Land Registry data.

The average property price increased by £56,607 (24.66%) over the last 5 years and increased by £11,313 (3.75%) over the last 12 months.

Over the last year, there were 525 residential property sales – a decrease of 277 transactions (-52.76%) relative to the previous year. The majority of house sales (182) were in the £216,000 - £282,000 range. Then came properties in the £282,000 - £348,000 range, where 90 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 67 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,271 (-2%).

In April 2024, there were 124 new estate agency instructions, 92 agreed home sales and 62 property price reductions.

5-Year Average Property Prices in SO16 (Southampton)

24.66%

Property prices in Southampton increased by 24.66% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in SO16 (Southampton) Over the Last Year

3.75%

Property prices in Southampton increased by 3.75% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for SO16 (Southampton) - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in SO16 (Southampton)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in SO16 (Southampton)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in SO16 (Southampton)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the SO16 (Southampton) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SO16 postcode area since 1995.

Recent Sales in SO16 (Southampton)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
16 Coxford Drove, Southampton, SO16 5FD	£250,000	£234,000	-£16,000	09 Oct 2023	22 Mar 2024	165 Days
49 Hillyfields, Nursling, Southampton, Hampshire, SO16 0XP	£285,000	£285,000	£00	03 Mar 2023	18 Mar 2024	381 Days
8 Rownhams Close, Rownhams, Southampton, Hampshire, SO16 8AF	£650,000	£635,000	-£15,000	23 Aug 2023	12 Mar 2024	202 Days
6 Crabwood Road, Maybush, Southampton, SO16 9EZ	£300,000	£300,000	£00	03 Nov 2023	11 Mar 2024	129 Days
145 Coxford Road, Southampton, SO16 5JX	£250,000	£237,000	-£13,000	19 Sep 2023	05 Mar 2024	168 Days
76 Cowley Close, Southampton, SO16 9WE	£195,000	£186,500	-£8,500	03 Jan 2024	27 Feb 2024	55 Days
2 Petworth Gardens, Southampton, SO16 8EE	£325,000	£318,500	-£6,500	07 Sep 2023	22 Feb 2024	168 Days
148 Evenlode Road, Southampton, SO16 9EF	£290,000	£282,000	-£8,000	26 Jul 2023	16 Feb 2024	205 Days
22 Arnheim Close, Southampton, SO16 6LS	£210,000	£200,000	-£10,000	05 Oct 2023	07 Feb 2024	125 Days
7 St Winifreds Road, Southampton, SO16 6HP	£395,000	£379,000	-£16,000	14 Jul 2023	31 Jan 2024	201 Days
17 Honeysuckle Road, Southampton, SO16 3HS	£175,000	£160,000	-£15,000	22 Nov 2023	22 Jan 2024	61 Days
108 Percy Road, Southampton, SO16 4LN	£280,000	£280,000	£00	19 Aug 2023	11 Jan 2024	145 Days
4 Underwood Road, Southampton, SO16 7BU	£435,000	£428,000	-£7,000	27 Sep 2023	20 Dec 2023	84 Days
9 Beacon Close, Rownhams, Southampton, Hampshire, SO16 8JR	£180,000	£165,000	-£15,000	11 Jul 2023	15 Dec 2023	157 Days
147 Bluebell Road, Southampton, SO16 3LN	£250,000	£240,000	-£10,000	23 Jun 2023	15 Dec 2023	175 Days
56 Seagarth Lane, Southampton, SO16 6RL	£280,000	£272,000	-£8,000	25 Apr 2023	15 Dec 2023	234 Days
37 Seacombe Green, Southampton, SO16 9HW	£235,000	£220,000	-£15,000	02 Oct 2023	14 Dec 2023	73 Days
1 Greywell Avenue, Southampton, SO16 5JQ	£320,000	£320,000	£00	07 Jun 2023	11 Dec 2023	187 Days
1 Lakeside Avenue, Rownhams, Southampton, Hampshire, SO16 8DP	£360,000	£352,000	-£8,000	08 Sep 2023	11 Dec 2023	94 Days
79 Saturn Close, Southampton, SO16 8BE	£260,000	£253,000	-£7,000	10 May 2023	07 Dec 2023	211 Days

Most Expensive Streets in SO16 (Southampton)

Postcode	Street	Area	Average	No. of Sales
SO16 7JZ	Heather Hill, Chilworth	Southampton	£1,692,500	5
SO16 7LB	Woodside, Chilworth	Southampton	£1,368,750	4
SO16 7JS	Chilworth Road, Chilworth	Southampton	£1,116,666	3
SO16 7HE	Roman Road, Chilworth	Southampton	£1,000,000	3
SO16 7HR	Julian Close, Chilworth	Southampton	£964,166	3
SO16 3NF	Bassett Green Road	Southampton	£940,000	3
SO16 7JH	Chilworth Drove, Chilworth	Southampton	£915,000	5
SO16 7FJ	Ardnave Crescent	Southampton	£911,250	4
SO16 7GN	Bassett Heath Avenue	Southampton	£821,250	4
SO16 3PT	Bassett Wood Drive	Southampton	£747,000	7

Least Expensive Streets in SO16 (Southampton)

Postcode	Street	Area	Average	No. of Sales
SO16 7NT	Chestnut Lodge, Sherwood Close	Southampton	£94,690	21
SO16 4LZ	Redbridge Hill	Southampton	£98,000	3
SO16 6TZ	Winchester Road	Southampton	£98,833	3
SO16 4RP	Park Street	Southampton	£105,083	6
SO16 4NL	Walnut Grove	Southampton	£106,666	3
SO16 9AX	Cuckmere Lane	Southampton	£110,000	4
SO16 8DA	Berwick Close	Southampton	£112,125	4
SO16 9AA	Green Park Road	Southampton	£114,000	3
SO16 9LT	Kendal Avenue	Southampton	£114,666	3
SO16 4HH	Oakley Road	Southampton	£120,145	10