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Property sale volume in Kensington and Chelsea, London, has shown significant fluctuations over the past year with a notable spike in March 2025 of 64 sales, likely driven by changes in stamp duty rates. Monthly sales have ranged from as low as 5 to as high as 64, indicating variable market activity but overall stable buyer interest. Compared to previous years, the market maintains robust demand, although sale volumes fluctuate month-to-month reflecting seasonal and fiscal policy impacts.
The most recent median property price in Kensington and Chelsea, London, is £975,000 as of May 2025, representing a decrease from £2,037,500 in May 2024, indicating a YoY price correction of approximately 52%. This substantial change suggests the market is adjusting after previous high median prices, potentially reflecting broader economic conditions and market recalibration after a period of premium valuations.
Median house prices in Kensington and Chelsea vary significantly by property type with detached houses commanding the highest prices, reaching over £15 million in late 2024, while flats have a median price near £800,000 as of May 2025. Semi-detached and terraced houses show considerable price range, with semi-detached homes peaking at £24 million in early 2025 and terraced houses around £3.3 million recently. Over the past year, prices for flats and terraced houses have generally declined, whereas detached and semi-detached homes have shown sporadic spikes, indicating segmented market dynamics by property type.