2024 House Prices in Southport, Merseyside

1. Current Average House Prices

The overall average price for properties in Southport currently stands between £240,000 and £280,000. This places Southport above the Merseyside average of around £215,000 but below the national UK average of £284,464.

Within Southport, prices vary significantly by property type, with detached houses fetching an average of £346,667 and flats averaging a more modest £132,768.

2. Price Trends Over the Past Year

Over the past 12 months, house prices in Southport have seen a slight decline, with estimates ranging from 2% to 6%. This trend is in line with the broader UK housing market, which has been impacted by economic uncertainty and rising interest rates.

However, some data suggests (from our own Southport Estate Agents) that sold prices in Southport have actually risen by a marginal 2.2% over the last year, indicating that the area may be somewhat more resilient than other parts of the country.

3. Prices by Property Type

Semi-detached properties were the most frequently sold housing type in Southport over the last year, reflecting their popularity among buyers. Detached houses saw the most significant price appreciation, with increases ranging from 19% to 31%, depending on the source.

Flats and terraced houses also experienced notable gains, rising by 15% and 57%, respectively. These figures suggest that demand remains strong across all property types in Southport.

4. Southport vs Surrounding Areas

Compared to its neighbors, Southport’s housing market stands out as relatively expensive. The average price in Southport is higher than in nearby areas such as Halsall, where the average is around £179,000.

However, Southport remains more affordable than some other desirable locations in the vicinity, such as Birkdale (£288,000) and Formby. Within the broader context of Merseyside, Southport is among the pricier areas, with an average price above the regional average of £215,000.

5. Factors Affecting Southport Prices

Several factors contribute to Southport’s comparatively high house prices. The town’s popularity among retirees, who are often less constrained by mortgage considerations, has helped to support prices. Southport’s coastal location and high quality of life also make it an attractive destination for buyers, further bolstering demand.

However, the market is not immune to broader economic pressures, with rising interest rates and uncertainty putting downward pressure on prices.

In conclusion, Southport’s housing market has demonstrated some resilience in the face of challenging economic conditions, with average prices remaining comparatively high within the Merseyside region. While the area has experienced slight price declines over the past year, demand remains strong across all property types, particularly for detached houses.

Southport’s unique attributes, including its appeal to retirees and its desirable location, continue to support prices. However, the market is likely to remain sensitive to evolving macroeconomic factors in the coming months.

Sources:

  • https://www.rightmove.co.uk/house-prices/southport.html
  • https://www.getagent.co.uk/area/southport
  • https://www.zoopla.co.uk/house-prices/southport/
  • https://www.home.co.uk/guides/house_prices_report.htm?lastyear=1&location=southport
  • https://nethouseprices.com/house-prices/Merseyside/SOUTHPORT