local authority Land Registry UK HPI

Merton house prices

Average sold prices for Merton, broken down by property type, buyer status, funding status and property status, from HM Land Registry's UK House Price Index.

Average price
£597,138
Annual change
-1.3%
Homes sold, March 2026
88
England average
£292,095

The average property in Merton sold for £597,138 in May 2026, down 1.3% on the year. That is about 104% above the England average of £292,095. 88 homes sold in Merton in March 2026, the most recent month HM Land Registry have published transaction counts for.

Price trend

Over the 12 months to May 2026, the average price in Merton fell 2%, peaking at £625,679 in September 2025.

£625,679 £597,138
June 2025May 2026

Peak £625,679 in September 2025.

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By property type

Detached homes are the most expensive in Merton at £2,140,492, 442% above flat or maisonette at £395,100. Detached and Flat or maisonette fell over the year while the rest held or rose.

Average sold price by property type, May 2026.
Property typeAverage priceAnnual change
Detached£2,140,492-1.4%
Semi-detached£913,868Broadly flat
Terraced£667,461+0.5%
Flat or maisonette£395,100-3.7%

By buyer status

First-time buyers in Merton paid £254,049 less than people who already owned, a gap of 51%.

Average sold price by buyer status, May 2026.
BuyerAverage priceAnnual change
First-time buyer£497,410-1.3%
Former owner-occupier£751,459-0.9%

By funding status

Cash buyers in Merton paid 8% more than those with a mortgage. Cash accounted for 12% of the sales counted in March 2026.

Average sold price by funding status, May 2026. Sales volumes are for March 2026, the most recent month published. Cash and mortgage sales are counted separately and do not necessarily add up to the total above.
Paid withAverage priceAnnual changeSales
Cash£636,911-2%6
Mortgage£590,004-1.2%43

By property status

New builds in Merton sold for 21% less than existing homes.

Average sold price by property status, March 2026. Sales volumes are not shown for new builds: they are registered months after completion, so recent counts are incomplete rather than low.
Property statusAverage priceAnnual change
New build£483,647-1.3%
Existing property£614,276-1.1%

Month by month

Average sold price and annual change over the last 12 published months. Sales volumes stop two months short because HM Land Registry withhold the most recent counts until more transactions are registered.
MonthAverage priceAnnual changeSales
May 2026£597,138-1.3%n/a
April 2026£601,453-1.9%n/a
March 2026£610,218-1.1%88
February 2026£613,279-2.3%111
January 2026£620,808+0.9%136
December 2025£615,863Broadly flat119
November 2025£624,274+2.9%165
October 2025£617,281Broadly flat193
September 2025£625,679+0.5%184
August 2025£622,666Broadly flat212
July 2025£621,242+1.1%213
June 2025£609,581+0.6%168
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Figures for a local authority are a three-month average rather than a single month's transactions. HM Land Registry revise the most recent twelve months as more sales are registered, so recent figures are provisional.