FREEPHONE 0800 044 3733 Lines Open 24/7
FREE Cash Offer CALL US on FREEPHONE0800 044 3733
You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in SO16

House Prices in SO16 House Prices in SO16 (Southampton)

The average house price in SO16 (Southampton) is £388,887 using HM Land Registry data.

The average property price increased by £42,889 (24.66%) over the last 5 years and increased by £8,594 (3.75%) over the last 12 months.

Over the last year, there were 470 residential property sales – a decrease of 240 transactions (-51.06%) relative to the previous year. The majority of house sales (169) were in the £212,000 - £284,000 range. Then came properties in the £284,000 - £356,000 range, where 80 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 83 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,271 (-2%).

In Oct 24, there were 101 new estate agency instructions, 103 agreed home sales and 80 property price reductions.

Nearby Postcodes: SO14, SO15, SO17, SO18, SO19, SO20, SO21, SO30, SO32, SO40, SO42, SO43, SO45, SO50, SO51, SO52, SO53, SO97, SP5

5-Year Average Property Prices in SO16 (Southampton)

24.66%

Property prices in Southampton increased by 24.66% 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 SO16 (Southampton) Over the Last Year

3.75%

Property prices in Southampton increased by 3.75% 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 SO16 (Southampton) - Oct 24

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 SO16 (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 SO16 (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 SO16 (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 SO16 (Southampton) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SO16 postcode area since 1995.

Recent Sales in SO16 (Southampton)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
84 Briarswood, Southampton, SO16 6GD£145,000£145,000£0014 Feb 202416 Aug 2024184 Days
74 Alder Road, Southampton, SO16 5EF£250,000£250,000£0029 Jan 202416 Aug 2024200 Days
24 Cowley Close, Southampton, SO16 9WD£275,000£275,000£0006 Apr 202415 Aug 2024131 Days
12 Coxford Drove, Southampton, SO16 5FD£240,000£231,000-£9,00022 Apr 202413 Aug 2024113 Days
2 Maplin Road, Southampton, SO16 9PP£280,000£280,000£0023 Mar 202401 Aug 2024131 Days
1 Vermont Close, Bassett, Southampton, SO16 7LT£425,000£425,000£0006 Mar 202431 Jul 2024147 Days
54 Lilac Road, Southampton, SO16 3DB£270,000£250,000-£20,00005 Jul 202426 Jul 202421 Days
Flat 50, Brampton Tower, Bassett Avenue, Southampton, SO16 7FB£240,000£230,000-£10,00001 May 202426 Jul 202486 Days
28 Jersey Close, Southampton, SO16 9PW£265,000£250,000-£15,00016 Nov 202326 Jul 2024253 Days
Flat 5, Lordswood Court, Coxford Road, Southampton, SO16 5PD£200,000£200,000£0009 Feb 202426 Jul 2024168 Days
75 Richville Road, Shirley, Southampton, SO16 4GH£350,000£350,000£0018 Dec 202325 Jul 2024220 Days
27 Monks Wood Close, Bassett, Southampton, SO16 3TT£585,000£585,000£0007 Feb 202424 Jul 2024168 Days
Hawthorn House, Chilworth Drove, Chilworth, Southampton, Hampshire, SO16 7JH£675,000£600,000-£75,00010 Jan 202416 Jul 2024188 Days
2 Sheldrake Gardens, Southampton, SO16 8HS£285,000£280,000-£5,00006 Mar 202412 Jul 2024128 Days
36 Robinia Green, Lordswood, Southampton, SO16 8EQ£275,000£275,000£0007 Feb 202412 Jul 2024156 Days
126 Bassett Avenue, Southampton, SO16 7EZ£795,000£785,000-£10,00020 Jun 202311 Jul 2024387 Days
5 Barons Mead, Southampton, SO16 9TB£339,950£332,000-£7,95028 Feb 202405 Jul 2024128 Days
76 Honeysuckle Road, Southampton, SO16 3HQ£325,000£325,000£0019 Mar 202405 Jul 2024108 Days
41 Shirley Park Road, Southampton, SO16 4FQ£285,000£277,500-£7,50030 Jan 202401 Jul 2024153 Days
87 Dunvegan Drive, Southampton, SO16 8DB£325,000£320,000-£5,00006 Feb 202428 Jun 2024143 Days

Most Expensive Streets in SO16 (Southampton)

PostcodeStreetAreaAverageNo. of Sales
SO16 7JZHeather Hill, ChilworthSouthampton£1,632,9166
SO16 7LBWoodside, ChilworthSouthampton£1,368,7504
SO16 7JSChilworth Road, ChilworthSouthampton£1,291,6663
SO16 7HZHadrian Way, ChilworthSouthampton£1,081,6663
SO16 7HERoman Road, ChilworthSouthampton£1,050,0004
SO16 7HRJulian Close, ChilworthSouthampton£964,1663
SO16 3NFBassett Green RoadSouthampton£940,0003
SO16 7FJArdnave CrescentSouthampton£872,6663
SO16 7JHChilworth Drove, ChilworthSouthampton£862,5006
SO16 7GNBassett Heath AvenueSouthampton£821,2504

Least Expensive Streets in SO16 (Southampton)

PostcodeStreetAreaAverageNo. of Sales
SO16 7NTChestnut Lodge, Sherwood CloseSouthampton£93,52520
SO16 4LZRedbridge HillSouthampton£98,0003
SO16 6TZWinchester RoadSouthampton£98,8333
SO16 4RPPark StreetSouthampton£109,9005
SO16 9AXCuckmere LaneSouthampton£110,0004
SO16 8DABerwick CloseSouthampton£112,1254
SO16 9AAGreen Park RoadSouthampton£114,0003
SO16 9QUNutfield CourtSouthampton£115,6758
SO16 9LTKendal AvenueSouthampton£117,2504
SO16 4BBChiltern GreenSouthampton£118,3333

Explore SO16 (Southampton) using map

Sell Your
House Fast
Property Auctions Southampton
Property Auctions Southampton
We Buy
Any House
House
Valuation
Tools

Selling?
Get Your FREE
House Valuation Report

Office for National Statistics & Land Registry

We Are Regulated:

Property Ombudsman
Gov.UK Money Laundering Regulations
Trading Standards Approved
National Association of Property Buyers (NAPB)
ICO Registered
NAEA PropertyMark