Southampton Property Market: House Prices, Sold Data & Development Finance, End of H1 2026

Port city with major waterfront regeneration and growing student population from two universities

The Southampton property market recorded 2,683 residential sales over the past 12 months, with a median sale price of £250,000. This places Southampton £97k below the Hampshire county median of £346,500, and £35k below the UK national median of £285,000.

Prices in Southampton have shown a moderate decline, with a year-on-year change of -2%. Within Hampshire, Southampton ranks 10th by price out of 10 principal towns, and 1st by transaction volume.

Southampton median prices have moved from £260,000 in Q1 2025 to £245,000 in Q2 2026, a change of -5.8% over 5 quarters. Southampton has now recorded 2 consecutive quarters of price falls.

Southampton City Council — the local planning authority covering Southampton — has 64 residential units in its current pipeline, an estimated gross development value of £11.1m, across 86 applications (25 approved, 61 pending) at an approval rate of 100%.

Property prices in Southampton vary significantly by type. The table below compares Southampton prices with Hampshire county averages and UK national figures.

Detached homes in Southampton command £398,200, while flat properties are most accessible at £159,494. The £239k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.

Southampton recorded 7 new-build transactions in the past 12 months, representing 0.3% of total sales. There is moderate development activity, with room for further growth.

New-build properties in Southampton traded at a discount of 6.3% 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, 88 new-build completions were recorded — see our Hampshire property market report for the full county picture.

The following table shows the most recent property transactions recorded in Southampton, providing real-time evidence of achieved prices for buyers, sellers, and developers:

These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £118,508 to £400,000 illustrates the breadth of the Southampton market.

For developers considering Southampton, the local market data translates directly into finance structuring. With a median value of £250,000 and detached homes at £398,200, lenders can assess scheme viability with confidence.

A typical development finance facility for a Southampton scheme with a GDV of £398,200 would attract senior debt of approximately £258,830 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% year-on-year, experienced developers can still generate strong returns in Southampton by targeting well-located sites with clear demand drivers.

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To put Southampton's market in context, the table below compares it with similarly-priced towns across Hampshire:

For the full Hampshire town-by-town breakdown, see our comprehensive Hampshire property market report.