You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in SO16

House Prices in SO16

The average house price in SO16 (Southampton) is £256,226 using HM Land Registry data.

The average property price increased by £54,837 (24.66%) over the last 5 years and increased by £10,963 (3.75%) over the last 12 months.

Over the last year, there were 514 residential property sales – a decrease of 274 transactions (-53.31%) relative to the previous year. The majority of house sales (163) were in the £206,000 - £272,000 range. Then came properties in the £272,000 - £338,000 range, where 108 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 61 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,271 (-2%).

In June 2024, there were 99 new estate agency instructions, 77 agreed home sales and 65 property price reductions.

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.

Property Market Heat Gauge for SO16 (Southampton) - June 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 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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
8 Newitt Place, Southampton, SO16 7FA	£320,000	£320,000	£00	26 Dec 2023	26 Apr 2024	122 Days
52 Springford Gardens, Southampton, SO16 5SW	£170,000	£163,000	-£7,000	30 Nov 2023	24 Apr 2024	146 Days
9 Willis Road, Southampton, SO16 2NS	£575,000	£560,000	-£15,000	17 Nov 2023	23 Apr 2024	158 Days
112 Bluebell Road, Southampton, SO16 3LP	£275,000	£270,000	-£5,000	14 Sep 2023	12 Apr 2024	211 Days
38 Watts Close, Southampton, SO16 9WA	£165,000	£165,000	£00	27 Sep 2023	12 Apr 2024	198 Days
106 Carnation Road, Bassett, Southampton, SO16 3JL	£235,000	£231,000	-£4,000	11 Jan 2024	05 Apr 2024	85 Days
30 Carnation Road, Bassett, Southampton, SO16 3JW	£220,000	£190,000	-£30,000	25 Jun 2020	28 Mar 2024	1372 Days
16 Coxford Drove, Southampton, SO16 5FD	£250,000	£234,000	-£16,000	09 Oct 2023	22 Mar 2024	165 Days
49 Hillyfields, Nursling, Southampton, Hampshire, SO16 0XP	£285,000	£285,000	£00	03 Mar 2023	18 Mar 2024	381 Days
12 Lupin Road, Southampton, SO16 3LB	£250,000	£245,000	-£5,000	27 Aug 2023	18 Mar 2024	204 Days
310 Honeysuckle Road, Southampton, SO16 3BP	£272,000	£272,000	£00	21 Oct 2023	15 Mar 2024	146 Days
8 Rownhams Close, Rownhams, Southampton, Hampshire, SO16 8AF	£650,000	£635,000	-£15,000	23 Aug 2023	12 Mar 2024	202 Days
6 Crabwood Road, Maybush, Southampton, SO16 9EZ	£300,000	£300,000	£00	03 Nov 2023	11 Mar 2024	129 Days
145 Coxford Road, Southampton, SO16 5JX	£250,000	£237,000	-£13,000	19 Sep 2023	05 Mar 2024	168 Days
1 Shalden Close, Southampton, SO16 5JG	£230,000	£225,000	-£5,000	10 Aug 2023	01 Mar 2024	204 Days
173 Carnation Road, Bassett, Southampton, SO16 3JJ	£240,000	£230,000	-£10,000	28 Nov 2023	01 Mar 2024	94 Days
76 Cowley Close, Southampton, SO16 9WE	£195,000	£186,500	-£8,500	03 Jan 2024	27 Feb 2024	55 Days
2 Petworth Gardens, Southampton, SO16 8EE	£325,000	£318,500	-£6,500	07 Sep 2023	22 Feb 2024	168 Days
148 Evenlode Road, Southampton, SO16 9EF	£290,000	£282,000	-£8,000	26 Jul 2023	16 Feb 2024	205 Days
22 Arnheim Close, Southampton, SO16 6LS	£210,000	£200,000	-£10,000	05 Oct 2023	07 Feb 2024	125 Days

Most Expensive Streets in SO16 (Southampton)

Postcode	Street	Area	Average	No. of Sales
SO16 7JZ	Heather Hill, Chilworth	Southampton	£1,692,500	5
SO16 7LB	Woodside, Chilworth	Southampton	£1,368,750	4
SO16 7JS	Chilworth Road, Chilworth	Southampton	£1,291,666	3
SO16 7HE	Roman Road, Chilworth	Southampton	£1,000,000	3
SO16 7HR	Julian Close, Chilworth	Southampton	£964,166	3
SO16 3NF	Bassett Green Road	Southampton	£940,000	3
SO16 7JH	Chilworth Drove, Chilworth	Southampton	£915,000	5
SO16 7FJ	Ardnave Crescent	Southampton	£911,250	4
SO16 7GN	Bassett Heath Avenue	Southampton	£821,250	4
SO16 3PT	Bassett Wood Drive	Southampton	£747,000	7

Least Expensive Streets in SO16 (Southampton)

Postcode	Street	Area	Average	No. of Sales
SO16 7NT	Chestnut Lodge, Sherwood Close	Southampton	£94,690	21
SO16 4LZ	Redbridge Hill	Southampton	£98,000	3
SO16 6TZ	Winchester Road	Southampton	£98,833	3
SO16 4RP	Park Street	Southampton	£105,083	6
SO16 4NL	Walnut Grove	Southampton	£106,666	3
SO16 9AX	Cuckmere Lane	Southampton	£110,000	4
SO16 8DA	Berwick Close	Southampton	£112,125	4
SO16 9AA	Green Park Road	Southampton	£114,000	3
SO16 9LT	Kendal Avenue	Southampton	£114,666	3
SO16 4BB	Chiltern Green	Southampton	£118,333	3