The latest figures show that the average price for a Terraced property in Eastleigh has now reached £280,414 as of Feb 2024. This value is based upon the average value of completed property transactions in the month of February.
Average prices for a Terraced property have increased substantially over the longer term in Eastleigh. Back in January 1995, prices for this type of property averaged £46,067 based on sales at the time. Fast forward to January 2024, and averages reached £291,261 - representing a growth of 532% over 29 years.
This substantial triple-digit percentage rise in Terraced property values far outpaced broader inflation over the same period. Rising household incomes, strong local economy, high demand and constrained supply all likely contributed to the steep price inflation seen for Terraced homes in Eastleigh over the past 3 decades.