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Fareham House Prices Fareham House Prices

The average house price in Fareham is £310,032 using HM Land Registry data.

The average property price increased by £56,571 (19.73%) over the last 5 years and increased by £11,306 (3.41%) over the last 12 months.

Over the last year, there were 465 residential property sales – a decrease of 194 transactions (-41.72%) relative to the previous year. The majority of house sales (122) were in the £280,000 - £350,000 range. Then came properties in the £350,000 - £420,000 range, where 88 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 75 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,528 (-1%).

In April 2024, there were 103 new estate agency instructions, 71 agreed home sales and 70 property price reductions.

Neighbouring Areas: Whiteley, Locks Heath, Portsmouth, Gosport

Postcodes Covered: PO14, PO15, PO16, PO17

5-Year Average Property Prices in Fareham

19.73%

Property prices in Fareham increased by 19.73% 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 Fareham Over the Last Year

3.41%

Property prices in Fareham increased by 3.41% 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 Fareham - 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 Fareham

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 Fareham

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 Fareham

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 Fareham since 1995

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

Recent Property Sales in Fareham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
19 Bishopsfield Road, Fareham, Hampshire, PO14 1LW£240,000£240,000£0021 Jul 202304 Mar 2024227 Days
19 Down End Road, Fareham, Hampshire, PO16 8RG£715,000£685,000-£30,00024 Aug 202327 Feb 2024187 Days
Flat 9, Moresby Court, Westbury Road, Fareham, Hampshire, PO16 7US£139,950£138,000-£1,95016 Nov 202320 Feb 202496 Days
34 Walton Court, Fareham, Hampshire, PO15 6EZ£290,000£290,000£0022 May 202316 Feb 2024270 Days
26 Elgin Close, Fareham, Hampshire, PO15 6AW£465,000£455,000-£10,00006 Oct 202316 Feb 2024133 Days
22 The Tollgate, Fareham, Hampshire, PO16 7FG£350,000£345,000-£5,00029 Jun 202313 Feb 2024229 Days
65 Blackbrook Road, Fareham, Hampshire, PO15 5DG£315,000£305,000-£10,00008 Jul 202301 Feb 2024208 Days
2 Harlequin Grove, Fareham, Hampshire, PO15 5AT£215,000£210,000-£5,00004 Sep 202319 Jan 2024137 Days
Flat 42, Homefayre House, Western Road, Fareham, Hampshire, PO16 0LU£80,000£79,200-£80018 Aug 202312 Jan 2024147 Days
108 Longfield Avenue, Fareham, Hampshire, PO14 1JT£260,000£260,000£0008 Feb 202312 Jan 2024338 Days
73 Norset Road, Fareham, Hampshire, PO15 6ST£289,950£282,600-£7,35006 Sep 202318 Dec 2023103 Days
39 Coombe Farm Avenue, Fareham, Hampshire, PO16 0TR£325,000£315,000-£10,00027 Sep 202318 Dec 202382 Days
33 Nicholas Crescent, Fareham, Hampshire, PO15 5AH£355,000£332,000-£23,00016 Aug 202315 Dec 2023121 Days
15 Green Walk, Fareham, Hampshire, PO15 6AZ£300,000£285,000-£15,00016 Aug 202315 Dec 2023121 Days
Flat 22, Moresby Court, Westbury Road, Fareham, Hampshire, PO16 7US£119,000£119,000£0017 May 202315 Dec 2023212 Days
Flat 60, Moresby Court, Westbury Road, Fareham, Hampshire, PO16 7US£95,000£93,000-£2,00004 Feb 202315 Dec 2023314 Days
30 Oxford Close, Fareham, Hampshire, PO16 7PA£395,000£385,000-£10,00028 Jul 202315 Dec 2023140 Days
13 Geoffrey Crescent, Fareham, Hampshire, PO16 0QG£250,000£245,000-£5,00026 Oct 202315 Dec 202350 Days
11 Lynden Close, Fareham, Hampshire, PO14 3AL£350,000£345,000-£5,00008 Jun 202315 Dec 2023190 Days
7 Napier Crescent, Fareham, Hampshire, PO15 5BL£375,000£370,000-£5,00006 Jul 202314 Dec 2023161 Days

Most Expensive Streets in Fareham

PostcodeStreetAreaAverageNo. of Sales
PO14 1NNVeryanFareham£796,6503
PO16 7AJThe CedarsFareham£791,6663
PO14 3EPTitchfield RoadStubbington£780,0004
PO14 1PBThe AvenueFareham£743,3333
PO14 1PEThe AvenueFareham£741,6663
PO16 8REThe RidgewayFareham£719,0005
PO14 3DXRanvilles LaneFareham£710,6169
PO15 5JHBrookmeadowFareham£703,3333
PO15 5QNChalford GrangeFareham£701,6663
PO16 7LBPark LaneFareham£665,0004

Least Expensive Streets in Fareham

PostcodeStreetAreaAverageNo. of Sales
PO16 0LUHomefayre HouseWestern Road£82,20021
PO14 1LNMitre CourtBishopsfield Road£88,87512
PO16 0UPYoungbridge CourtRedlands Lane£95,6254
PO16 7RUTiverton CourtWickham Road£105,1995
PO16 0DACedar CourtBath Lane£110,05219
PO15 6HLBuckingham CourtHighlands Road£118,67420
PO16 7SXTrinity StreetFareham£119,96414
PO16 7ASFaregrove CourtGrove Road£120,39419
PO16 0LEClarkes CourtQuay Street, Fareham£129,7147
PO16 7SHWickham RoadFareham£132,68111

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