House prices in Merton have gone down by an average of over £700 in the month of November, according to figures from the Land Registry.
The latest data from the government department reveals that in November 2023 average house prices in Merton reached £569,635.
This was down from £570,383 in October, representing a 0.1 per cent decrease. In the last 12 months it has fallen by -1.5 per cent.
If you are interested in buying or renting a home, you can see the latest properties in and around Merton here.
Breaking it down for specific types of housing, some prices saw an increase despite the general fall.
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Detached houses – Down to £1,658,955 from £1,717,592 in October
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Semi-detached houses – Down to £905,220 from £912,437 in October
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Terraced houses – Down to £628,451 from £630,796 in October
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Flats – Up to £400,089 from £397,058 in October
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Despite the fall in prices this month, Merton is still far above the UK average with a typical property value in the nations reaching £284,950 in November.
In cash terms, the average house price in November was £-6,142 lower than a year earlier with house price growth decelerating to -2.1 per cent in November 2023. Prices were down by -0.8 per cent month on month.
We have created this map for the London so you can see the average house price in each neighbourhood since 1995.
Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.
The above map can demonstrate which areas of Merton are the most expensive for average house prices.
