London House Prices: £285,000 Median
London's median house price is £285,000, with 2,208,427 recorded sales
Introduction to London's Market
The London property market has experienced significant growth over the years. With a median sold price of £285,000, the city remains one of the most expensive places to buy a home in the UK. According to the data, there have been 2,208,427 recorded sales in London, providing a comprehensive insight into the market trends.
Historical Context
To understand the long-run change in London's house prices, it's essential to look at the early years. In 1995, the median sold price was £75,500, which increased to £82,000 in 1996 and £93,000 in 1997. This steady growth continued, with the median price reaching £154,950 in 2000 and £170,000 in 2001. The prices continued to rise, with 2005 seeing a median of £244,000 and 2007 reaching £290,000.
Recent Trends
In recent years, the median sold price in London has continued to fluctuate. In 2020, the median price was £565,250, which increased to £570,000 in 2021 and £585,000 in 2022. However, in 2025, the median price decreased to £575,000, and in 2026, it further decreased to £530,000. This decrease may indicate a shift in the market, but it's essential to consider the overall trend.
Price Range and Sales
The price range in London is vast, with the minimum price being £1 and the maximum price reaching £540,000,000. This range highlights the diversity of the London property market, catering to various budgets and preferences. The 2,208,427 recorded sales demonstrate the market's activity and the demand for properties in the city.
Comparison and Insights
Comparing the early years with the latest data, it's clear that London's house prices have increased significantly. From £75,500 in 1995 to £285,000 in the current market, the median price has grown substantially. This long-run change indicates the city's ongoing popularity and the increasing demand for properties.
Tools and Resources
For those interested in exploring the London property market further, our house prices page for London provides detailed information and statistics. Additionally, our UK house prices page offers a broader perspective on the national market. The tools page also provides valuable resources for buyers, sellers, and investors.
Your questions
Q: What is the current median sold price in London?
A: The current median sold price in London is £285,000.
Q: How many recorded sales have there been in London?
A: There have been 2,208,427 recorded sales in London.
Figures from HM Land Registry price paid data (Crown copyright, OGL v3.0). — explore the live data on the London page.