Reading property prices

The average property price in Reading postcode area is £405k. The average price increased by £4.7k (1%) over the last twelve months. The price of an established property is £405k. The price of a newly built property is £406k. There were 8.1k property sales and sales dropped by 33.9% (-4.8k transactions). Most properties were sold in the £300k-£400k price range with 2132 (26.4%) properties sold, followed by £250k-£300k price range with 1325 (16.4%) properties sold.

December 2019 - November 2020

Reading postcode area

England and Wales

£405k

average property price

£308k

average property price

1%

average price percentage change

4%

average price percentage change

£4.7k

average price change

£12.9k

average price change

Reading house prices map

This price map shows the average property price in a given postcode sector between December 2019 - November 2020. The most affordable place was 'RG12 1' with the average price of £202k. The most expensive place was 'RG9 6', £1.4M.

Reading house prices map

Reading house prices compared to other areas

Comparison of the average property price and an average price percentage change by postcode area. Price % change compares the average property price between December 2019 - November 2020 to the average price in the previous 12 months. The size of the circle shows the number of property transactions. The bigger the circle the higher the sales volumes in postcode area.

Reading house prices compared to other areasAverage price percentage change
Average property price

Reading house price rank

With the average price of £405k, Reading is the 26. most pricey postcode area out of 105 England and Wales' postcode areas.

Reading house price rank

Reading property sales share by price range

shows a number of properties sold in a given price range between December 2019 - November 2020.

Reading property sales share by price range
Property price rangeMarket shareSales volumes
under £50k0.0%1
£50k-£100k0.5%40
£100k-£150k2.0%160
£150k-£200k6.6%533
£200k-£250k11.6%934
£250k-£300k16.4%1.3k
£300k-£400k26.4%2.1k
£400k-£500k15.6%1.3k
£500k-£750k14.9%1.2k
£750k-£1M3.8%303
over £1M2.3%187

Reading cost comparison of new homes and older homes

December 2019 - November 2020

Reading cost comparison of new homes and older homes

£406k

A newly built property

£405k

An established property

Reading cost comparison of houses and flats

December 2019 - November 2020

Reading cost comparison of houses and flats

£615k

Detached

£235k

Flat

£394k

Semi-Detached

£320k

Terraced

Reading real house prices

Yearly average nominal house prices adjusted for inflation.

Reading real house prices

Reading house prices compared to England & Wales' house prices

Yearly average nominal prices

Reading house prices

Reading house prices per square meter

Yearly average nominal prices per square meter.

Average price per square meter

Reading house prices and nearby areas

Yearly average nominal prices

Reading house prices and nearby areas

Reading house prices new vs established

Yearly average nominal prices. Graphs shows a difference between house prices of newly built properties and house prices of established residential properties.

Reading house prices new vs established

Reading house prices by property type

Yearly average nominal prices

Reading house prices by property type

Reading house price to earnings ratio

The median property price to median earnings ratio is ranging between 8.5 in Basingstoke and Deane and 11.1 in Wokingham. Ie. Basingstoke and Deane resident with middle-income needs 8.5 gross annual salaries to buy a medium-priced property. Resident in Wokingham needs 11.1 annual salaries. The England and Wales ratio was 7.7 in 2019.
Reading house price to earnings ratio history

Local authorityMedian house price to median salary ratio in 2019
England and Wales7.7
Basingstoke and Deane8.5
Reading9.4
West Berkshire9.6
Bracknell Forest10
Hart10.6
Wokingham11.1

Other reports for Reading postcode area

new home prices

property transactions

home energy certificates

home features

energy costs

crime statistics

population statistics

salary and unemployment

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