Introduction to London’s Market
The median house price in London is £285,000, according to the latest data from the London data page. This figure is based on 2,212,696 recorded sales, making it one of the most comprehensive datasets available. The prices range from a minimum of £1 to a maximum of £90,000,000, highlighting the vast diversity of the London property market.
Long-term Trends
Looking at the long-term trends, the median house price in London has increased significantly over the years. In 1995, the median price was £75,500, which is less than a third of the current median price. This represents a substantial increase in property values over the past few decades. The national record, year by year shows that London’s property market has been one of the strongest performers in the country.
Yearly Median Prices
The yearly median prices in London have fluctuated over the years, but the overall trend has been upwards. In 2024, the median price was £587,799.50, while in 2025 it was £575,000, and in 2026 it dropped to £535,000. This volatility highlights the dynamic nature of the London property market. For a detailed view of how prices have moved over time, visit the sold prices page.
Comparison with Other Areas
To put London’s property market into perspective, it’s useful to compare it with other areas. The rankings page provides a leaderboard of areas by their median prices, giving an insight into how London stacks up against other regions. Additionally, the maps page allows for a visual exploration of sold prices by postcode district, which can be particularly useful for those looking to understand the local market dynamics.
Methodology and Data
The data used to calculate the median house price in London is based on official records and is subject to certain methodology thresholds and sources. Understanding these limitations is crucial for interpreting the data accurately. For those interested in the busiest streets in London, such as High Road, Finchley Road, and Queenstown Road, there are dedicated pages providing more detailed insights.
Real-terms Analysis
When adjusting for inflation, the real-terms analysis of London’s property market reveals a more nuanced story. While nominal prices have increased significantly, the real growth, adjusted for inflation, tells a different tale. This aspect is crucial for buyers, sellers, and owners looking to understand the true value of their investments over time.
How this Compares
In comparison to other areas and the national average, London’s £285,000 median house price is significantly higher. This reflects the unique economic and demographic factors at play in the capital. For a broader view of how London’s prices have moved in comparison to the national trend, visit the London data page.
Your Questions
Q: What is the current median house price in London?
A: The current median house price in London is £285,000.
Q: How many recorded sales are there in the London dataset?
A: There are 2,212,696 recorded sales in the London dataset.
Q: What is the price range of properties sold in London?
A: The price range of properties sold in London is from £1 to £90,000,000.