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Property sale volume in Southwark, London, has fluctuated significantly over the past year, with a notable spike in March 2025 likely driven by changes in stamp duty rates, when 172 properties were sold, compared to much lower volumes in other months. Overall, recent months show moderate activity with around 40 to 50 sales per month, which is consistent with typical market patterns over the previous two years. This indicates a relatively stable yet responsive housing market in Southwark, adapting to fiscal policy influences and seasonal trends.
The most recent median property price in Southwark is £580,000 as of May 2025, representing a modest increase from £545,000 in April 2025 and a significant 8.4% rise compared to £535,000 approximately one year ago. This YoY growth underlines a resilient property market in the borough amid broader London housing price fluctuations, signaling ongoing buyer interest and strong demand in Southwark’s competitive property market.
Median prices differ widely by property type in Southwark, with detached houses commanding the highest price at £2,600,000 in May 2025, albeit on very low sale volume, while flats are priced considerably lower at £418,500, reflecting affordability challenges and demand patterns. Semi-detached and terraced houses show median prices around £715,000 and £960,750 respectively, with some volatility but general stability over the last year. Year-on-year, flats experienced a price decrease from about £472,500 to £418,500, whereas terraced houses and semi-detached homes have maintained or increased their median values, highlighting diverse buyer preferences and market dynamics across property types in Southwark.