Property Market Update for December 2025

As we look back on December 2025, the local market encompassing Harold Wood, Harold Hill, and Noak Hill has exhibited some noteworthy developments. 

Our analysis of 177 data points reveals an average price per square foot across the last six months at £460, indicating a slight decline to £455 in December. This is reflective of the dynamic nature of our local property market, which has continued to adapt in response to broader economic conditions. 

The average property sale price during December stood at £403,721. While this figure reflects a stable market, it also highlights the challenges faced by potential buyers navigating affordability in the current climate, especially with average household incomes in our areas being around £47,500. 

For many would-be homeowners, the prospect of entering the housing market can feel daunting, particularly in light of fluctuating property prices and increasing mortgage rates. It is important to note that the turnover of sales in the local market reached 26%. This turnover indicates a healthy level of property transactions, suggesting that there is still considerable interest among buyers and sellers alike. While market activity may have cooled slightly compared to previous months, this 26% turnover shows there are still opportunities for sellers to achieve successful sales, as well as for buyers to find suitable properties. Mortgage rates have proven to be a significant factor in influencing buyer sentiment recently. 

The average two-year fixed mortgage rate currently sits at 4.19%. This relatively low rate in historical terms is encouraging for buyers who may be considering their options. However, as we all know, even small fluctuations in these rates can impact monthly repayments and overall affordability. It's crucial for buyers to remain informed and to assess the various mortgage products available to them, as securing the right deal can make all the difference when purchasing a home. 

As we move further into 2026, the local market should keep a close watch on economic indicators, including potential shifts in interest rates and average household incomes. These factors will undoubtedly play a pivotal role in shaping the property landscape in Harold Wood, Harold Hill, and Noak Hill. 

For prospective sellers, this month offers a good opportunity to evaluate property values and consider the timing of entering the market, given the current average property sale price. 

Accurate pricing is key to attracting potential buyers, and now more than ever, local expertise can make all the difference in achieving the best possible outcome. 

In summary, December 2025 has shown resilience within the local market, with average prices maintaining a reasonable level despite slight changes in the price per square foot. The combination of stable sales activity and competitive mortgage rates creates an interesting dynamic for both buyers and sellers moving into the new year. If you're considering buying or selling property in Harold Wood, Harold Hill, or Noak Hill, please reach out to Rose Dawson for further information about the market or to request a market appraisal for your property. We're here to help you navigate the local property landscape and assist you in making informed decisions for your next steps.

Happy New Year and Happy House Moving!

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