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Reading House Prices Reading House Prices

The average house price in Reading is £377,262 using HM Land Registry data.

The average property price increased by £61,568 (18.6%) over the last 5 years and increased by £12,305 (3.24%) over the last 12 months.

Over the last year, there were 1,808 residential property sales – a decrease of 893 transactions (-49.39%) relative to the previous year. The majority of house sales (516) were in the £280,000 - £360,000 range. Then came properties in the £360,000 - £440,000 range, where 355 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 58 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-14,141 (-2%).

In April 2024, there were 367 new estate agency instructions, 260 agreed home sales and 173 property price reductions.

Neighbouring Areas: Caversham, Woodley, Winnersh, Shinfield, Spencers Wood and Three Mile Cross

Postcodes Covered: RG1, RG2, RG30, RG31, RG41, RG6, RG8

5-Year Average Property Prices in Reading

18.6%

Property prices in Reading increased by 18.6% 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 Reading Over the Last Year

3.24%

Property prices in Reading increased by 3.24% 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 Reading - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 Reading

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 Reading

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 Reading

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 Reading since 1995

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

Recent Property Sales in Reading

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
1 Colston Close, Calcot, Reading, West Berkshire, RG31 7EQ£325,000£320,000-£5,00022 Jan 202408 Mar 202446 Days
54 Kennet Walk, Reading, RG1 3GF£195,000£190,000-£5,00005 Sep 202301 Mar 2024178 Days
3 Chive Road, Earley, Reading, Wokingham, RG6 5XP£500,000£500,000£0023 Nov 202329 Feb 202498 Days
43 Burrcroft Court, Reading, RG30 2ET£125,000£122,000-£3,00031 Mar 202323 Feb 2024329 Days
17 Park Grove, Reading, RG30 2NJ£370,000£365,000-£5,00026 Sep 202322 Feb 2024149 Days
40 Franklin Street, Reading, RG1 7YA£395,000£377,500-£17,50023 Oct 202316 Feb 2024116 Days
6 Marefield, Lower Earley, Reading, Wokingham, RG6 3DZ£575,000£575,000£0031 Oct 202316 Feb 2024108 Days
40 Hollydale Close, Reading, RG2 8LL£400,000£390,000-£10,00023 Aug 202316 Feb 2024177 Days
4 Fakenham Close, Lower Earley, Reading, Wokingham, RG6 4AB£365,000£365,000£0024 Nov 202314 Feb 202482 Days
Flat 8, Ashdown House, Rembrandt Way, Reading, RG1 6QW£210,000£205,000-£5,00027 Sep 202313 Feb 2024139 Days
3 Stone Street, Reading, RG30 1HU£335,000£325,000-£10,00001 Sep 202308 Feb 2024160 Days
5 Derby Street, Reading, RG1 7NX£279,995£270,000-£9,99523 May 202307 Feb 2024260 Days
2 Broom Close, Calcot, Reading, West Berkshire, RG31 4ZS£375,000£358,000-£17,00027 Apr 202306 Feb 2024285 Days
19 Christchurch Road, Reading, RG2 7AA£350,000£350,000£0020 Oct 202305 Feb 2024108 Days
35 Gatcombe Close, Calcot, Reading, West Berkshire, RG31 4XQ£435,000£420,000-£15,00024 Aug 202302 Feb 2024162 Days
39 Kenton Road, Earley, Reading, Wokingham, RG6 7LQ£740,000£720,000-£20,00025 Sep 202331 Jan 2024128 Days
44 Reeds Avenue, Earley, Reading, Wokingham, RG6 5SR£600,000£580,000-£20,00002 Sep 202330 Jan 2024150 Days
14 Hambledon Close, Lower Earley, Reading, Wokingham, RG6 3TD£620,000£602,500-£17,50004 Sep 202329 Jan 2024147 Days
45 Paddick Drive, Lower Earley, Reading, Wokingham, RG6 4HF£775,000£775,000£0012 Jul 202329 Jan 2024201 Days
10 Lynmouth Road, Reading, RG1 8DD£550,000£534,000-£16,00018 Oct 202326 Jan 2024100 Days

Most Expensive Streets in Reading

PostcodeStreetAreaAverageNo. of Sales
RG30 4DPKendrick GateTilehurst£1,193,3333
RG30 4JJNew Lane HillTilehurst£1,041,6663
RG2 7DAShinfield RoadReading£1,020,3005
RG30 4QDHalls RoadTilehurst£968,3333
RG31 7RFThe Old OrchardCalcot£943,3333
RG6 7RUWilderness RoadEarley£940,1505
RG6 7DBAldbourne AvenueEarley£887,5004
RG8 8BXRiver GardensPurley On Thames£862,5004
RG6 7RTRamsbury DriveEarley£804,0256
RG2 7HDNorthcourt AvenueReading£790,7504

Least Expensive Streets in Reading

PostcodeStreetAreaAverageNo. of Sales
RG1 6FJColey AvenueReading£87,0833
RG1 6QHTalbot CourtReading£96,8166
RG2 8JXPevensey CourtNewstead Rise£102,5004
RG1 7RATilehurst RoadReading£102,5717
RG2 8AQEngineers CourtWhitley Wood Lane£104,5505
RG2 8JSSouthgladeWhitley Wood Road£108,6119
RG30 1FBNightingale WayReading£121,53514
RG1 7LZAlleyne CloseReading£122,3754
RG1 6HDCranford MewsReading£124,7503
RG2 7BHMarlborough HouseNorthcourt Avenue£125,50010

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