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Reading House Prices Reading House Prices

The average house price in Reading is £399,317 using HM Land Registry data.

The average property price increased by £58,698 (17.37%) over the last 5 years and increased by £11,761 (3.06%) over the last 12 months.

Over the last year, there were 1,756 residential property sales – a decrease of 538 transactions (-30.64%) relative to the previous year. The majority of house sales (473) were in the £276,000 - £352,000 range. Then came properties in the £352,000 - £428,000 range, where 372 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 135 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-14,926 (-2%).

In December 2024, there were 186 new estate agency instructions, 186 agreed home sales and 121 property price reductions.

Neighbouring Areas: Caversham, Woodley, Winnersh, Shinfield, Spencers Wood and Three Mile Cross

Postcodes Covered: RG1, RG2, RG30, RG31, RG41, RG6, RG8

5-Year Average Property Prices in Reading

17.37%

Property prices in Reading increased by 17.37% 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 Reading Over the Last Year

3.06%

Property prices in Reading increased by 3.06% 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 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 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 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 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 Reading since 1995

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

Recent Property Sales in Reading

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
76 Tilehurst Road, Reading, RG30 2LU£400,000£385,000-£15,00001 Aug 202420 Nov 2024111 Days
Flat 11, Lippincote Court, Oxford Road, Tilehurst, Reading, RG31 6TB£235,000£225,000-£10,00008 Nov 202315 Nov 2024373 Days
86 Shaftesbury Road, Reading, RG30 2QJ£315,000£315,000£012 Jul 202414 Nov 2024125 Days
156 Chilcombe Way, Lower Earley, Reading, Wokingham, RG6 3DD£325,000£325,000£021 Aug 202408 Nov 202479 Days
7 Gosforth Close, Lower Earley, Reading, Wokingham, RG6 3BP£385,000£380,000-£5,00023 Apr 202408 Nov 2024199 Days
17 Sutcliffe Avenue, Earley, Reading, Wokingham, RG6 7JW£525,000£515,000-£10,00014 May 202408 Nov 2024178 Days
63 Salisbury Road, Reading, RG30 1BW£475,000£462,000-£13,00010 Jun 202408 Nov 2024151 Days
21 Manor Park Close, Tilehurst, Reading, RG30 4PS£325,000£325,000£015 Aug 202408 Nov 202485 Days
126 St Michaels Road, Tilehurst, Reading, RG30 4SE£450,000£430,000-£20,00010 Jun 202408 Nov 2024151 Days
88 George Street, Reading, RG1 7NT£295,000£180,000-£115,00004 Jan 201907 Nov 20242134 Days
51 Mill Lane, Earley, Reading, Wokingham, RG6 7JF£595,000£570,000-£25,00024 Jun 202407 Nov 2024136 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
5 Gipsy Lane, Earley, Reading, Wokingham, RG6 7HF£375,000£351,000-£24,00007 May 202404 Nov 2024181 Days
81 Wealden Way, Tilehurst, Reading, RG30 6DA£300,000£300,000£001 Jun 202401 Nov 2024153 Days
14 Corsham Road, Calcot, Reading, West Berkshire, RG31 7ZH£215,000£211,000-£4,00019 Jun 202401 Nov 2024135 Days
8 Barrington Way, Reading, RG1 6EG£600,000£582,000-£18,00015 Jul 202431 Oct 2024108 Days
20 Rosemary Avenue, Earley, Reading, Wokingham, RG6 5YQ£650,000£637,500-£12,50025 Jun 202431 Oct 2024128 Days
8 Edinburgh Road, Reading, RG30 2UB£320,000£300,000-£20,00017 Jul 202431 Oct 2024106 Days
1 Loxwood, Earley, Reading, Wokingham, RG6 5QZ£575,000£510,000-£65,00010 Jun 202430 Oct 2024142 Days

Most Expensive Streets in Reading

PostcodeStreetAreaAverageNo. of Sales
RG30 4DPKendrick GateTilehurst£1,193,3333
RG2 7DAShinfield RoadReading£1,102,3577
RG30 4JJNew Lane HillTilehurst£1,041,6663
RG30 4QDHalls RoadTilehurst£968,3333
RG6 7RUWilderness RoadEarley£943,4586
RG31 7RFThe Old OrchardCalcot£943,3333
RG6 7DBAldbourne AvenueEarley£911,2504
RG31 6YWLong LaneTilehurst£859,5006
RG6 7DDThe KnappEarley£820,8333
RG6 7RTRamsbury DriveEarley£817,7357

Least Expensive Streets in Reading

PostcodeStreetAreaAverageNo. of Sales
RG1 6FJColey AvenueReading£85,5624
RG1 6QHTalbot CourtReading£97,2717
RG2 8JXPevensey CourtNewstead Rise£101,6663
RG1 7RATilehurst RoadReading£108,5717
RG2 8AQEngineers CourtWhitley Wood Lane£108,8124
RG30 1FBNightingale WayReading£121,53514
RG1 7LZAlleyne CloseReading£123,4005
RG2 7BHMarlborough HouseNorthcourt Avenue£124,1119
RG1 6HDCranford MewsReading£124,7503
RG2 8JSWhitley Wood RoadReading£129,0009

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