Southampton Property Market Overview
Port city with major waterfront regeneration and growing student population from two universities
The Southampton property market recorded 2,506 residential sales over the past 12 months, with a median sale price of £248,250. This places Southampton £94k below the Hampshire county median of £342,500, and £37k below the UK national median of £285,000.
Prices in Southampton have shown a moderate decline, with a year-on-year change of -2.6%. Within Hampshire, Southampton ranks 10th by price out of 10 principal towns, and 1st by transaction volume.
Southampton House Prices by Property Type
Property prices in Southampton vary significantly by type. The table below compares Southampton prices with Hampshire county averages and UK national figures.
| Type | Southampton | Hampshire Avg | UK Avg |
|---|---|---|---|
| Detached | £380,000 | £560,624 | £420,000 |
| Semi-detached | £300,000 | £365,000 | £265,000 |
| Terraced | £260,000 | £297,500 | £230,000 |
| Flat | £159,335 | £177,500 | £225,000 |
Detached homes in Southampton command £380,000, while flat properties are most accessible at £159,335. The £221k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.
Median Price by Property Type
New Build Homes in Southampton
Southampton recorded 6 new-build transactions in the past 12 months, representing 0.2% of total sales. There is moderate development activity, with room for further growth.
New-build properties in Southampton traded at a discount of 18.9% versus existing stock. Developers should focus on specification, design quality, and location to maximise values above comparable second-hand stock.
Across the wider Hampshire market, 175 new-build completions were recorded — see our Hampshire property market report for the full county picture.
Recent Property Sales in Southampton
The following table shows the most recent property transactions recorded in Southampton, providing real-time evidence of achieved prices for buyers, sellers, and developers:
| Price | Type | Postcode | Date | Status |
|---|---|---|---|---|
| £295,000 | Semi-detached | SO19 9HT | 2026-02-25 | Existing |
| £160,000 | Semi-detached | SO15 5GP | 2026-02-25 | Existing |
| £202,000 | Flat | SO16 3GB | 2026-02-20 | Existing |
| £245,000 | Flat | SO17 1UX | 2026-02-20 | Existing |
| £325,000 | Semi-detached | SO19 8GE | 2026-02-20 | Existing |
These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £160,000 to £325,000 illustrates the breadth of the Southampton market.
Development Finance in Southampton
For developers considering Southampton, the local market data translates directly into finance structuring. With a median value of £248,250 and detached homes at £380,000, lenders can assess scheme viability with confidence.
A typical development finance facility for a Southampton scheme with a GDV of £380,000 would attract senior debt of approximately £247,000 at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.
While prices have softened 2.6% year-on-year, experienced developers can still generate strong returns in Southampton by targeting well-located sites with clear demand drivers.
Ready to develop in Southampton? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.
Southampton Compared to Nearby Hampshire Towns
To put Southampton's market in context, the table below compares it with similarly-priced towns across Hampshire:
| Town | Median Price | Sales (12m) | YoY Change |
|---|---|---|---|
| Southampton | £248,250 | 2,506 | -2.6% |
| Portsmouth | £252,500 | 1,948 | +1% |
| Eastleigh | £330,000 | 1,445 | -4.3% |
| Aldershot | £336,000 | 382 | +4.2% |
| Fareham | £340,000 | 1,337 | -2.9% |
| Andover | £345,000 | 1,323 | -5.5% |
For the full Hampshire town-by-town breakdown, see our comprehensive Hampshire property market report.
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5 min readFrequently Asked Questions
What is the average house price in Southampton?
The median house price in Southampton is £248,250, based on 2,506 transactions over the past 12 months. Detached homes average £380,000 while flat properties average £159,335.
Are house prices rising or falling in Southampton?
House prices in Southampton are falling at -2.6% year-on-year. This decline may present buying opportunities for investors and developers. The wider Hampshire market is falling at -2%.
How many properties sold in Southampton recently?
Southampton recorded 2,506 residential property sales in the past 12 months. This high volume indicates a liquid, active market.
What development finance is available for projects in Southampton?
Developers in Southampton can access development finance from 6.5% p.a. at 65-70% LTGDV, mezzanine finance stretching to 85-90% of costs, bridging loans completing in 5-10 days, and development exit finance. Construction Capital sources the best terms from 100+ lenders.