Property Market Update for November 2025
The property market in the local areas of Harold Wood, Harold Hill, and Noak Hill has shown some interesting trends throughout November 2025. As we move towards the end of the year, it's essential to take a moment to reflect on the key statistics that define the current state of the market and what they may mean for both buyers and sellers alike
First and foremost, analysis from the past six months presents an average price per square foot of £460. This figure offers a solid benchmark for prospective buyers who are considering their options in the local market. Knowing the average price per square foot can significantly aid in making informed decisions when it comes to property valuation. Additionally, the average property sale price in the local market has been reported at £455,000.
This statistic points towards a stable pricing environment which is essential for both current homeowners considering selling and new buyers looking at entering the market. Prices remaining steady can provide a sense of confidence to potential buyers, especially in light of fluctuating economic conditions. Another noteworthy aspect of the market is the turnover of sales, which stands at 14%. This number illustrates a healthy level of activity within the local market, suggesting that properties are being bought and sold in a regular rhythm. An active market can foster a competitive environment, thereby potentially stimulating further interest and activity. Looking at financing options, the average two-year fixed mortgage rate is currently at 4.19%. This figure may influence the decisions of those looking to secure a mortgage in the upcoming months. With interest rates at this level, buyers need to assess their mortgage options carefully, along with their overall financial position.
Given the average household income in the local area is £47,500, affordability remains a critical consideration for many prospective homeowners. As we continue through the final quarter of the year, it's vital to consider how these metrics interplay and what they mean for future trends. The stability in average sale prices combined with a reasonable turnover of sale suggests that while we are not witnessing a boom, there is enough activity to keep the market dynamic.
Buyers who may have been hesitant earlier in the year might find now is a favourable time to make a move, especially before year-end considerations come into play. For homeowners thinking about selling, the combination of a maintained average property sale price and a significant turnover could provide the incentive needed to enter the market.
The consistent data indicates that there are willing buyers, and with the holiday season nearing, marketing properties effectively will certainly be key in attracting interest. In conclusion, November has offered a promising snapshot of the property market in Harold Wood, Harold Hill, and Noak Hill.
The continued stability of price per square foot alongside the average property sale price, combined with a solid turnover of sales, indicates a healthy and active market. As always, timing and the right strategy can play a significant role in property transactions. If you have further questions about the local market or would like to request a market appraisal for your property, please reach out to us at Rose Dawson. We are here to assist you with any of your property needs.