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Fareham House Prices Fareham House Prices

The average house price in Fareham is £310,309 using HM Land Registry data.

The average property price increased by £45,651 (15.57%) over the last 5 years and increased by £9,126 (2.77%) over the last 12 months.

Over the last year, there were 475 residential property sales – a decrease of 161 transactions (-33.89%) relative to the previous year. The majority of house sales (130) were in the £280,000 - £350,000 range. Then came properties in the £350,000 - £420,000 range, where 76 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,528 (-1%).

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

Neighbouring Areas: Whiteley, Locks Heath, Portsmouth, Gosport

Postcodes Covered: PO14, PO15, PO16, PO17

5-Year Average Property Prices in Fareham

15.57%

Property prices in Fareham increased by 15.57% 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 Fareham Over the Last Year

2.77%

Property prices in Fareham increased by 2.77% 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 Fareham - 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 Fareham

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 Fareham

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 Fareham

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 Fareham since 1995

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

Recent Property Sales in Fareham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
12 Miller Drive, Fareham, Hampshire, PO16 7LQ£575,000£550,000-£25,00005 Feb 202419 Aug 2024196 Days
Flat 17, Cedar Court, Bath Lane, Fareham, Hampshire, PO16 0DA£135,000£133,000-£2,00028 Nov 202316 Aug 2024262 Days
14 Kingfishers, Fareham, Hampshire, PO16 8ND£290,000£280,000-£10,00028 Feb 202413 Aug 2024167 Days
11 Tewkesbury Avenue, Fareham, Hampshire, PO15 6LL£400,000£400,000£0010 Jan 202409 Aug 2024212 Days
106 Longfield Avenue, Fareham, Hampshire, PO14 1JT£259,950£258,000-£1,95028 Feb 202409 Aug 2024163 Days
16 The Drive, Fareham, Hampshire, PO16 7NL£365,000£360,000-£5,00002 Apr 202406 Aug 2024126 Days
Flat 21, Homefayre House, Western Road, Fareham, Hampshire, PO16 0LU£75,000£70,000-£5,00006 Mar 202402 Aug 2024149 Days
Flat 43, Buckingham Court, Highlands Road, Fareham, Hampshire, PO15 6HL£130,000£120,000-£10,00029 Nov 202331 Jul 2024245 Days
Flat 32, Homefayre House, Western Road, Fareham, Hampshire, PO16 0LU£69,950£65,000-£4,95014 Sep 202330 Jul 2024320 Days
62 Redlands Lane, Fareham, Hampshire, PO14 1HD£350,000£345,000-£5,00021 Feb 202425 Jul 2024155 Days
19 Mallory Crescent, Fareham, Hampshire, PO16 7QH£425,000£415,000-£10,00018 Mar 202423 Jul 2024127 Days
24 Westley Grove, Fareham, Hampshire, PO14 1HW£275,000£250,000-£25,00008 Jul 202422 Jul 202414 Days
161 Blackbrook Road, Fareham, Hampshire, PO15 5BU£350,000£345,000-£5,00009 Jan 202419 Jul 2024192 Days
8 Mount Drive, Fareham, Hampshire, PO15 5NU£575,000£550,000-£25,00009 Feb 202418 Jul 2024160 Days
8 Fairfield Avenue, Fareham, Hampshire, PO14 1ED£315,000£312,000-£3,00010 Feb 202417 Jul 2024158 Days
90 Miller Drive, Fareham, Hampshire, PO16 7LL£525,000£515,750-£9,25028 Feb 202416 Jul 2024139 Days
22 Westley Grove, Fareham, Hampshire, PO14 1HW£375,000£368,000-£7,00023 Oct 202316 Jul 2024267 Days
61 The Spinney, Fareham, Hampshire, PO16 8QD£485,950£470,000-£15,95021 Nov 202312 Jul 2024234 Days
28 Kings Road, Fareham, Hampshire, PO16 0NU£359,000£350,000-£9,00030 Oct 202309 Jul 2024253 Days
2 Pallant Gardens, Fareham, Hampshire, PO16 8TP£475,000£456,500-£18,50027 Feb 202405 Jul 2024129 Days

Most Expensive Streets in Fareham

PostcodeStreetAreaAverageNo. of Sales
PO16 7NAMiller DriveFareham£843,3333
PO14 1NNVeryanFareham£796,6503
PO14 3EPTitchfield RoadStubbington£780,0004
PO14 1PBThe AvenueFareham£743,3333
PO14 1PEThe AvenueFareham£741,6663
PO14 3DXRanvilles LaneFareham£710,6169
PO16 8REThe RidgewayFareham£709,3336
PO15 5JHBrookmeadowFareham£703,3333
PO14 1RLPeak DriveFareham£666,7504
PO16 7LBPark LaneFareham£665,0004

Least Expensive Streets in Fareham

PostcodeStreetAreaAverageNo. of Sales
PO16 0LUHomefayre HouseWestern Road£79,48623
PO14 1QSSt Quentin HouseBishopsfield Road£83,5003
PO14 1LNMitre CourtBishopsfield Road£89,29112
PO16 0UPYoungbridge CourtRedlands Lane£95,6254
PO16 7RUTiverton CourtWickham Road£98,4005
PO16 0DACedar CourtBath Lane£111,20020
PO15 6HLBuckingham CourtHighlands Road£117,81519
PO16 7ASFaregrove CourtGrove Road£118,97420
PO16 7SXTrinity StreetFareham£124,76615
PO16 0LEClarkes CourtQuay Street, Fareham£131,8336

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