Property prices in Maidstone

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Find out how property prices are changing in your local area and across the United Kingdom

Recent trends for prices in Maidstone

The latest figures from February 2024 indicate the property market in Maidstone continues to show falling price trends. Compared to January, 2024, average prices decreased by -0.3% to £339,014. On an annual basis, average property prices have decreased -1.1% since 12 months ago.

In terms of sales activity, there were 91 residential property transactions completed in Maidstone during February, 2024. Of these purchases, 45 were financed with a mortgage while 16 were all-cash sales. For cash buyers, average prices have changed by -0.4% since January, 2024, coming in at around £329,071. For properties purchased with a mortgage, the average price changed by -0.3% since January, 2024, to £343,150.

Compared to the overall picture in its national parent England, the average property price in Maidstone are higher than the current national average of £297,735. While Maidstone saw a change of -0.3% over the last month, England as a whole recorded a percentage change of 0.6% in average property values. And on an annual basis, prices across England have contracted by -1.1%, more than the -1.1% yearly change seen in Maidstone.

Interested in purchasing a property in Maidstone? Use our Monthly Mortgage Cost Calculator to see how much a property may cost you per month. This tool is for illustrative purposes only and does not constitute financial advice.

Average price in Maidstone by housing type

Prices last recorded in February, 2024

average

£339,014

detached

£567,553

flat

£190,765

semi-detached

£371,632

terraced

£285,404

Prices by housing type in Maidstone

Recent data shows that price growth has varied across different property types in Maidstone over the last year. For terraced houses, property prices changed by -0.3% between February 2024 and January 2024 to reach £285,404, and changed by -2.1% over the last 12 months. The annual change was greater than the -1.7% change seen for terraced homes in England overall.

Meanwhile, semi-detached properties saw a fall in average prices locally, taking them to £371,632 in January 2024. This represents a -0.3% change from the same month last year.This is underperforming the 0.2% annual change in semi-detached values across the country.

Detached homes in Maidstone lost -0.5% month-over-month to reach an average of £567,553. Annually, detached property values have changed by -0.3%. This is stronger price growth compared to England's -0.5% change for detached houses over the year.

For apartments and flats, average prices decreased by -0.1% between February and January 2024, hitting £190,765. Over the last 12 months, apartment values have changed by -2.4%, surpassing England's flat and apartment growth rate of -2.8%.

Overall, semi-detached properties have seen the strongest price momentum locally over the past year, with a change of -0.1%, while flat properties lagged, with a change of -2.4%.

Recent purchases in Maidstone

According to data from HM Land Registry, there were 91 completed property purchases in the area of Maidstone in February 2024. Of these sales, 16 were recorded as cash purchases whilst 45 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by -1% and the percentage of properties purchased with cash has changed by -1.2%.

The number of cash and mortgage purchases may not match the recorded number due to exclusions listed on the gov.uk website

Looking for a specific property type?

Use one of the following links to find more specific information about the type of property you're looking for in maidstone.

Detached property prices in maidstone

Semi-Detached property prices in maidstone

Terraced property prices in maidstone

Flat & Apartment property prices in maidstone

First Time Buyer prices in maidstone

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