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House Prices in SO31 House Prices in SO31 (Southampton)

The average house price in SO31 (Southampton) is £383,147 using HM Land Registry data.

The average property price increased by £66,647 (15.48%) over the last 5 years and increased by £13,354 (2.51%) over the last 12 months.

Over the last year, there were 503 residential property sales – a decrease of 192 transactions (-38.17%) relative to the previous year. The majority of house sales (128) were in the £286,000 - £372,000 range. Then came properties in the £200,000 - £286,000 range, where 94 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 139 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-14,814 (-3%).

In Dec 24, there were 98 new estate agency instructions, 46 agreed home sales and 51 property price reductions.

Nearby Postcodes: PO13, PO14, PO15, PO16, PO17, SO14, SO18, SO19, SO30, SO32, SO50, SO97

5-Year Average Property Prices in SO31 (Southampton)

15.48%

Property prices in Southampton increased by 15.48% 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 SO31 (Southampton) Over the Last Year

2.51%

Property prices in Southampton increased by 2.51% 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 SO31 (Southampton) - Dec 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 SO31 (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 SO31 (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 SO31 (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 SO31 (Southampton) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SO31 postcode area since 1995.

Recent Sales in SO31 (Southampton)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
12 Holmes Close, Netley Abbey, Southampton, Hampshire, SO31 5QN£325,000£312,000-£13,00010 May 202422 Nov 2024196 Days
3 Coracle Close, Warsash, Southampton, Hampshire, SO31 9AT£255,000£250,000-£5,00026 Jun 202419 Nov 2024146 Days
15 James Grieve Avenue, Locks Heath, Southampton, Hampshire, SO31 6UB£480,000£475,000-£5,00027 Jun 202414 Nov 2024140 Days
31 Yorke Way, Hamble, Southampton, Hampshire, SO31 4LQ£300,000£288,000-£12,00023 Apr 202408 Nov 2024199 Days
2 Shalcombe, Netley Abbey, Southampton, Hampshire, SO31 5GD£250,000£250,000£0002 Aug 202431 Oct 202490 Days
5 Beverley Gardens, Bursledon, Southampton, Hampshire, SO31 8FD£450,000£387,000-£63,00006 Jul 202330 Oct 2024482 Days
53 Coach Road, Hamble, Southampton, Hampshire, SO31 4LA£425,000£425,000£0010 Feb 202430 Oct 2024263 Days
77 Warsash Road, Warsash, Southampton, Hampshire, SO31 9HU£450,000£445,000-£5,00020 Jun 202430 Oct 2024132 Days
80 Badgers Copse, Park Gate, Southampton, Hampshire, SO31 1DU£325,000£325,000£0028 Oct 202428 Oct 20240 Days
55 Hamble Lane, Hamble, Southampton, Hampshire, SO31 4JR£310,000£310,000£0004 Mar 202423 Aug 2024172 Days
37 Painswick Close, Sarisbury Green, Southampton, Hampshire, SO31 7EQ£425,000£411,000-£14,00005 Jan 202422 Aug 2024230 Days
211 Barnes Lane, Sarisbury Green, Southampton, Hampshire, SO31 7BH£725,000£690,000-£35,00028 Sep 202321 Aug 2024328 Days
100 Warsash Road, Warsash, Southampton, Hampshire, SO31 9JA£475,000£455,000-£20,00014 Mar 202416 Aug 2024155 Days
26 Laurel Gardens, Locks Heath, Southampton, Hampshire, SO31 6QH£580,000£560,000-£20,00013 Jun 202309 Aug 2024423 Days
2 Grovebury, Locks Heath, Southampton, Hampshire, SO31 6PL£850,000£810,000-£40,00014 Dec 202209 Aug 2024604 Days
15 Catamaran Close, Warsash, Southampton, Hampshire, SO31 9AS£475,000£450,000-£25,00003 Apr 202402 Aug 2024121 Days
44 Laurel Gardens, Locks Heath, Southampton, Hampshire, SO31 6QH£450,000£442,000-£8,00025 Apr 202402 Aug 202499 Days
19 Estridge Close, Bursledon, Southampton, Hampshire, SO31 8FN£315,000£315,000£0018 Jun 202431 Jul 202443 Days
30 Pitchpond Road, Warsash, Southampton, Hampshire, SO31 9GP£525,000£490,000-£35,00027 Mar 202419 Jul 2024114 Days
209 Locks Road, Locks Heath, Southampton, Hampshire, SO31 6LD£450,000£410,000-£40,00018 Dec 202319 Jul 2024214 Days

Most Expensive Streets in SO31 (Southampton)

PostcodeStreetAreaAverageNo. of Sales
SO31 7AHHolly Hill Lane, Sarisbury GreenSouthampton£3,200,0005
SO31 9EACawtes Reach, WarsashSouthampton£1,696,6663
SO31 8DHSalterns Lane, BursledonSouthampton£1,642,0005
SO31 9HAHook Park Road, WarsashSouthampton£1,457,0005
SO31 9HBSolent Drive, WarsashSouthampton£1,370,0006
SO31 9HNBrook Avenue, WarsashSouthampton£1,290,0004
SO31 9FJThornton Avenue, WarsashSouthampton£1,271,2504
SO31 7DFGreen Lane, Lower SwanwickSouthampton£1,265,0004
SO31 7AFHolly Hill Lane, Sarisbury GreenSouthampton£1,067,5004
SO31 1BHPylands Lane, BursledonSouthampton£1,007,0005

Least Expensive Streets in SO31 (Southampton)

PostcodeStreetAreaAverageNo. of Sales
SO31 6AZHunts Pond Road, Park GateSouthampton£73,62416
SO31 9AGCherry Tree Court, Havelock RoadSouthampton£102,2916
SO31 4QEHambleside Court, Hamble LaneSouthampton£128,05017
SO31 6TJSaffron Court, Yarrow WaySouthampton£133,2504
SO31 1AYBotley Road, Park GateSouthampton£134,0003
SO31 8JSPound Road, BursledonSouthampton£138,1666
SO31 7HRStation Road, Park GateSouthampton£141,66612
SO31 6AXOld Common Gardens, Locks HeathSouthampton£151,48127
SO31 7FPDove Gardens, Park GateSouthampton£163,84213
SO31 6SXHigh Oaks Close, Locks HeathSouthampton£165,32619

Explore SO31 (Southampton) using map

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