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House Prices in RG31 House Prices in RG31 (Reading)

The average house price in RG31 (Reading) is £423,408 using HM Land Registry data.

The average property price increased by £78,252 (3.39%) over the last 5 years and increased by £15,679 (0.6%) over the last 12 months.

Over the last year, there were 310 residential property sales – a decrease of 72 transactions (-23.23%) relative to the previous year. The majority of house sales (90) were in the £360,000 - £440,000 range. Then came properties in the £280,000 - £360,000 range, where 57 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 116 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,481 (-2%).

In December 2024, there were 22 new estate agency instructions, 26 agreed home sales and 15 property price reductions.

Nearby Postcodes: GU46, GU47, OX10, OX11, RG1, RG10, RG12, RG18, RG19, RG2, RG20, RG26, RG27, RG30, RG4, RG40, RG41, RG42, RG45, RG5, RG6, RG7, RG8, RG9, SL4, SL5, SL6

5-Year Average Property Prices in RG31 (Reading)

3.39%

Property prices in RG31 (Reading) increased by 3.39% 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 RG31 (Reading) Over the Last Year

0.6%

Property prices in RG31 (Reading) increased by 0.6% 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 RG31 (Reading) - December 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 RG31 (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 RG31 (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 RG31 (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 RG31 (Reading) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the RG31 postcode area since 1995.

Recent Sales in RG31 (Reading)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 11, Lippincote Court, Oxford Road, Tilehurst, Reading, RG31 6TB£235,000£225,000-£10,00008 Nov 202315 Nov 2024373 Days
48 Warley Rise, Tilehurst, Reading, West Berkshire, RG31 6FR£190,000£185,000-£5,00004 Jul 202406 Nov 2024125 Days
51 Chapel Hill, Tilehurst, Reading, RG31 5BT£675,000£660,000-£15,00026 Dec 202305 Nov 2024315 Days
14 Corsham Road, Calcot, Reading, West Berkshire, RG31 7ZH£215,000£211,000-£4,00019 Jun 202401 Nov 2024135 Days
2 Laytom Rise, Tilehurst, Reading, West Berkshire, RG31 6FQ£575,000£559,306-£15,69412 Feb 202422 Aug 2024192 Days
26 Caistor Close, Calcot, Reading, West Berkshire, RG31 7AY£190,000£187,000-£3,00020 Nov 202316 Aug 2024270 Days
11 Downing Road, Tilehurst, Reading, RG31 5BA£315,000£315,000£026 Sep 202331 Jul 2024309 Days
9 Somerset Walk, Tilehurst, Reading, West Berkshire, RG31 5NG£350,000£350,000£024 Apr 202419 Jul 202486 Days
7 Beverley Road, Tilehurst, Reading, RG31 5PT£425,000£420,000-£5,00005 Feb 202403 Jul 2024149 Days
48 Westwood Glen, Tilehurst, Reading, RG31 5NW£525,000£515,000-£10,00021 Dec 202303 Jul 2024195 Days
10 Marten Place, Tilehurst, Reading, West Berkshire, RG31 6FB£370,000£370,000£007 Mar 202403 Jul 2024118 Days
12 Ashmere Close, Calcot, Reading, West Berkshire, RG31 7EN£395,000£390,000-£5,00019 Oct 202328 Jun 2024253 Days
26 Oak Tree Road, Tilehurst, Reading, RG31 6JX£650,000£625,000-£25,00018 Jan 202427 Jun 2024161 Days
108d, School Road, Tilehurst, Reading, RG31 5AX£245,000£240,000-£5,00030 Apr 202421 Jun 202452 Days
39 Prince William Drive, Tilehurst, Reading, West Berkshire, RG31 5WD£375,000£355,000-£20,00011 Oct 202321 Jun 2024254 Days
7 Sandown Avenue, Calcot, Reading, West Berkshire, RG31 4RB£360,000£350,000-£10,00006 Sep 202317 Jun 2024285 Days
3 Victoria Road, Tilehurst, Reading, RG31 5AA£450,000£435,000-£15,00025 Jan 202414 Jun 2024141 Days
18 The Fells, Tilehurst, Reading, West Berkshire, RG31 5XY£400,000£391,000-£9,00015 Jan 202414 Jun 2024151 Days
2 Cromer Close, Tilehurst, Reading, RG31 5NR£420,000£420,000£019 Jan 202410 Jun 2024143 Days
54 Warley Rise, Tilehurst, Reading, West Berkshire, RG31 6FR£325,000£325,000£019 Jan 202410 Jun 2024143 Days

Most Expensive Streets in RG31 (Reading)

PostcodeStreetAreaAverageNo. of Sales
RG31 7RFThe Old Orchard, CalcotReading£943,3333
RG31 6YWLong Lane, TilehurstReading£859,5006
RG31 6JXOak Tree Road, TilehurstReading£808,3333
RG31 7DRGrangely Close, CalcotReading£776,2504
RG31 7RSMill Lane, CalcotReading£769,6666
RG31 6JUOak Tree Road, TilehurstReading£762,8577
RG31 6JYOak Tree Road, TilehurstReading£750,3577
RG31 7RNCalcot Park, CalcotReading£735,0003
RG31 6YQLong Lane, TilehurstReading£730,1254
RG31 5BPStoneham Park, TilehurstReading£718,42527

Least Expensive Streets in RG31 (Reading)

PostcodeStreetAreaAverageNo. of Sales
RG31 7QDCalcot Priory, Bath RoadReading£145,88217
RG31 5JFSheppard Court, TilehurstReading£164,38818
RG31 6FUWyre Court, TilehurstReading£174,5836
RG31 6JBWheeler Court, Armour HillReading£193,95411
RG31 4SACity Road, TilehurstReading£194,0003
RG31 6FAKnowsley Road, TilehurstReading£197,2504
RG31 7AYCaistor Close, CalcotReading£197,7168
RG31 5DBPegasus Court, TilehurstReading£200,39534
RG31 6TBLippincote Court, Oxford RoadReading£209,8754
RG31 5PALower Elmstone Drive, TilehurstReading£219,4005

Explore RG31 (Reading) using map

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