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Southampton House Prices Southampton House Prices

The average house price in Southampton is £226,303 using HM Land Registry data.

The average property price increased by £44,884 (19.76%) over the last 5 years and increased by £8,971 (3.41%) over the last 12 months.

Over the last year, there were 2,231 residential property sales – a decrease of 896 transactions (-40.16%) relative to the previous year. The majority of house sales (553) were in the £234,000 - £286,000 range. Then came properties in the £130,000 - £182,000 range, where 403 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 85 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,492 (-2%).

In April 2024, there were 453 new estate agency instructions, 332 agreed home sales and 238 property price reductions.

Neighbouring Areas: Eastleigh, Rownhams and Nursling, West End (Hampshire), Hedge End

Postcodes Covered: SO14, SO15, SO16, SO17, SO18, SO19, SO30

5-Year Average Property Prices in Southampton

19.76%

Property prices in Southampton increased by 19.76% 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 Southampton Over the Last Year

3.41%

Property prices in Southampton 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 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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 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 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 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 Southampton since 1995

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

Recent Property Sales in Southampton

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
16 Coxford Drove, Southampton, SO16 5FD£250,000£234,000-£16,00009 Oct 202322 Mar 2024165 Days
3 Sydney Road, Shirley, Southampton, SO15 5RE£315,000£310,000-£5,00023 Oct 202320 Mar 2024149 Days
6 Crabwood Road, Maybush, Southampton, SO16 9EZ£300,000£300,000£0003 Nov 202311 Mar 2024129 Days
106 Pinegrove Road, Southampton, SO19 2PR£300,000£288,000-£12,00027 Sep 202308 Mar 2024163 Days
145 Coxford Road, Southampton, SO16 5JX£250,000£237,000-£13,00019 Sep 202305 Mar 2024168 Days
6 Riversdale Close, Southampton, SO19 9GL£325,000£320,000-£5,00012 Oct 202305 Mar 2024145 Days
76 Cowley Close, Southampton, SO16 9WE£195,000£186,500-£8,50003 Jan 202427 Feb 202455 Days
28 Cunningham Crescent, Southampton, SO19 8JY£260,000£255,000-£5,00027 Nov 202327 Feb 202492 Days
Flat 27, Woodside Court, Woodside Road, Portswood, Southampton, SO17 2GR£100,000£96,000-£4,00016 Feb 202426 Feb 202410 Days
125 Ludlow Road, Southampton, SO19 2ER£280,000£275,000-£5,00006 Jun 202323 Feb 2024262 Days
2 Petworth Gardens, Southampton, SO16 8EE£325,000£318,500-£6,50007 Sep 202322 Feb 2024168 Days
12 Adelaide Road, Southampton, SO17 2HW£270,000£260,000-£10,00008 Sep 202321 Feb 2024166 Days
148 Evenlode Road, Southampton, SO16 9EF£290,000£282,000-£8,00026 Jul 202316 Feb 2024205 Days
390 Portsmouth Road, Southampton, SO19 9AS£325,000£320,000-£5,00019 Sep 202314 Feb 2024148 Days
41 Cracknore Road, Southampton, SO15 1JE£225,000£220,000-£5,00026 May 202309 Feb 2024259 Days
19 Portal Road, Sholing, Southampton, SO19 8LD£300,000£300,000£0017 Aug 202309 Feb 2024176 Days
13 Staplehurst Close, Southampton, SO19 9QS£175,000£175,000£0010 Nov 202309 Feb 202491 Days
22 Arnheim Close, Southampton, SO16 6LS£210,000£200,000-£10,00005 Oct 202307 Feb 2024125 Days
15 Westfield Road, Southampton, SO15 4HQ£310,000£310,000£0027 Apr 202302 Feb 2024281 Days
51b, Cedar Road, Portswood, Southampton, SO14 6HH£330,000£318,000-£12,00017 Sep 202302 Feb 2024138 Days

Most Expensive Streets in Southampton

PostcodeStreetAreaAverageNo. of Sales
SO16 3NFBassett Green RoadSouthampton£940,0003
SO16 7FJArdnave CrescentSouthampton£911,2504
SO16 7GNBassett Heath AvenueSouthampton£821,2504
SO17 1DROakmount AvenueSouthampton£820,0003
SO16 3PTBassett Wood DriveSouthampton£747,0007
SO17 1DUBlenheim AvenueSouthampton£699,0004
SO16 7FQGreenbank CrescentSouthampton£662,0003
SO14 3GRCalshot CourtChannel Way£636,1005
SO15 7NGAtherley CourtSouthampton£633,3333
SO16 7DPBassett AvenueSouthampton£628,0005

Least Expensive Streets in Southampton

PostcodeStreetAreaAverageNo. of Sales
SO19 9UUVenturaKeel Road£62,5005
SO18 4HSBeech AvenueSouthampton£65,0004
SO19 9UBMitchell HouseJohn Thornycroft Road£65,3333
SO19 9NZHavre TowerInternational Way£68,0004
SO19 9QEHurstbourne PlaceWeston£69,5833
SO18 5BQBitterne Road EastSouthampton£71,0003
SO19 9SWJuno HouseJohn Thornycroft Road£72,5357
SO17 2ASPortswood RoadSouthampton£74,2506
SO19 8RTDuncan CourtAnson Drive£74,6663
SO15 3SHLake HousePaynes Road£75,1258

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