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Cardiff House Prices Cardiff House Prices

The average house price in Cardiff is £311,249 using HM Land Registry data.

The average property price increased by £87,763 (38.33%) over the last 5 years and increased by £17,540 (5.86%) over the last 12 months.

Over the last year, there were 3,162 residential property sales – a decrease of 1,500 transactions (-47.44%) relative to the previous year. The majority of house sales (860) were in the £208,000 - £276,000 range. Then came properties in the £140,000 - £208,000 range, where 666 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 72 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,859 (-2%).

In April 2024, there were 650 new estate agency instructions, 431 agreed home sales and 290 property price reductions.

Neighbouring Areas: Taff's Well, Penarth

Postcodes Covered: CF10, CF11, CF14, CF15, CF23, CF24, CF3, CF5

5-Year Average Property Prices in Cardiff

38.33%

Property prices in Cardiff increased by 38.33% 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 Cardiff Over the Last Year

5.86%

Property prices in Cardiff increased by 5.86% 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.

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).

Property Market Heat Gauge for Cardiff - 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 Cardiff

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 Cardiff

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 Cardiff

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 Cardiff since 1995

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

Recent Property Sales in Cardiff

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
25 Burne Jones Close, Cardiff, CF5 2RY£270,000£260,000-£10,00017 Aug 202316 Feb 2024183 Days
10 Talworth Street, Roath, Cardiff, CF24 3EH£265,000£250,000-£15,00006 Nov 202305 Feb 202491 Days
2a, Northumberland Street, Cardiff, CF5 1NA£400,000£390,000-£10,00022 Jun 202302 Feb 2024225 Days
Flat 30, Mclay Court, St Fagans Road, Cardiff, CF5 3BP£155,000£155,000£0006 Feb 202331 Jan 2024359 Days
2 Romilly Road, Cardiff, CF5 1FH£400,000£375,000-£25,00026 May 202331 Jan 2024250 Days
28 Ramsons Way, Cardiff, CF5 4QY£359,950£350,000-£9,95005 Jun 202330 Jan 2024239 Days
138 Pwllmelin Road, Cardiff, CF5 3NA£269,950£267,000-£2,95010 Jul 202326 Jan 2024200 Days
47 Radnor Road, Cardiff, CF5 1RA£325,000£317,200-£7,80007 Sep 202326 Jan 2024141 Days
57 Malefant Street, Cardiff, CF24 4QD£250,000£163,000-£87,00030 Oct 202324 Jan 202486 Days
101b, Clive Road, Canton, Cardiff, CF5 1GL£190,000£181,000-£9,00031 Jan 202322 Jan 2024356 Days
7 Fremington Place, Llanrumney, Cardiff, CF3 4EG£300,000£280,000-£20,00013 Jun 202319 Jan 2024220 Days
94 Heol Llinos, Thornhill, Cardiff, CF14 9JF£155,000£153,000-£2,00029 Jun 202319 Jan 2024204 Days
7 Lincoln Street, Cardiff, CF5 1JX£275,000£262,000-£13,00021 Aug 202319 Jan 2024151 Days
12 Heol Gwrgan, Cardiff, CF14 1PP£325,000£310,000-£15,00016 Oct 202318 Jan 202494 Days
6 Crwys Place, Cardiff, CF24 4NS£240,000£240,000£0011 Sep 202318 Jan 2024129 Days
3 The Rise, Cardiff, CF14 0RA£895,000£880,000-£15,00010 Jan 202415 Jan 20245 Days
54 Spring Grove, Thornhill, Cardiff, CF14 9DL£290,000£285,000-£5,00024 May 202312 Jan 2024233 Days
27 Waun Y Groes Avenue, Cardiff, CF14 4SY£500,000£485,000-£15,00006 Jun 202311 Jan 2024219 Days
81 Tyn Y Parc Road, Cardiff, CF14 6BJ£515,000£495,000-£20,00016 Feb 202311 Jan 2024329 Days
40 Clos Cwm Creunant, Pontprennau, Cardiff, CF23 8LA£365,000£350,000-£15,00002 Aug 202305 Jan 2024156 Days

Most Expensive Streets in Cardiff

PostcodeStreetAreaAverageNo. of Sales
CF23 6JGLlandennis AvenueCardiff£1,799,0003
CF23 6JDLlandennis AvenueCardiff£1,370,0003
CF5 2AACardiff RoadLlandaff£1,316,6663
CF11 9QQThe RiseCardiff£1,104,7348
CF14 2BLWestbourne CrescentCardiff£1,002,5005
CF23 6RXCyncoed RoadCardiff£1,001,6663
CF14 0XJMill RoadLisvane£950,0003
CF5 2AJHowells CrescentCardiff£939,6254
CF3 6XDDruidstone RoadOld St Mellons£939,2188
CF14 0TUDderwen DegLisvane£935,6663

Least Expensive Streets in Cardiff

PostcodeStreetAreaAverageNo. of Sales
CF14 3BFMeridian CourtNorth Road£65,9005
CF23 9JWCoed EdeyrnLlanedeyrn£78,4005
CF14 5HUNewlands CourtLlanishen£78,6166
CF23 9NALincoln CourtLlanedeyrn£79,1663
CF5 4SNMichaelston CourtMichaelston Road£79,6663
CF5 3QUBishop Hannon DriveCardiff£80,5836
CF15 8DPOld Garden CourtPark Road£81,9836
CF23 9JYCoed EdeyrnLlanedeyrn£83,8754
CF3 3ETWentloog CourtWentloog Road£85,1663
CF24 3FXStephenson CourtWordsworth Avenue£85,6509

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