The average property value in Hertfordshire is £516,975 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Hertfordshire grew by £47,452. Compare house prices by area
Average property prices in Hertfordshire grew by 10.1% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 4.8% per year.
If prices in Hertfordshire continue to rise by 4.8% a year, the average property price will be £624,681 in 2025.
The most expensive property values in Hertfordshire are found in St Albans, and the cheapest property values are found in Stevenage.
There were 17,405 property sales in Hertfordshire in the year ending June 2021, an increase of 3,425 when compared to the previous year.
The average price for a house in Hertfordshire ranges from £405,409 for a terraced house to £847,416 for a detached house, with semi-detached in between costing on average £530,256.
The average price for a flat or maisonette in Hertfordshire is £284,778.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Hertfordshire, terraced house prices have risen the most between the years ending 2011 and 2021, and detached house prices have grown the least.
Detached house prices have risen 42.1% from £596,145 to £847,416, semi-detached house prices have risen 66.9% from £317,696 to £530,256, terraced house prices have risen 67.4% from £242,181 to £405,409, and flat prices have risen 56.2% from £182,289 to £284,778.
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The most common type of property sold in Hertfordshire during the year ending June 2021 was terraced houses, which accounted for 33.1% of properties.
The least commonly available type of property sold in Hertfordshire were flats, which account for 17.5% of properties sold.
Of the properties sold in Hertfordshire during 2021, 1.0% were new build properties.
The average price paid for a new build property in Hertfordshire was £8,581 lower than the average price paid for an existing property.
Of the new build properties sold, the most common type was flats (60% of new build properties sold). For existing properties, the most common type is terraced houses (34% of existing properties sold).
The most common price band for property sales in Hertfordshire is £300k - £400k, which accounted for 15.9% of properties sold in 2021.
4.1% of properties in Hertfordshire had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Hertfordshire were in the £50k - £100k price bracket, accounting for 0.1% of sales.
The cheapest property prices in Hertfordshire are found in Stevenage, where the average cost of a property is £323,571. Between the years ending June 2020 and June 2021, property prices have changed by 10.9% in Stevenage (compared to 10.1% in Hertfordshire)
Average property price
YoY change in price
|1|| Stevenage |
|2|| Broxbourne |
|3|| Watford |
|4|| North Hertfordshire |
|5|| East Hertfordshire |
The most expensive property values in Hertfordshire are found in St Albans, where the average property price is £665,825. Between the years ending June 2020 and June 2021, property prices have changed by 9.7% in St Albans (compared to 10.1% in Hertfordshire)
Average Property Price
YoY CHANGE in PRICE
|1|| St Albans |
|2|| Hertsmere |
|3|| Three Rivers |
|4|| Welwyn Hatfield |
|5|| Dacorum |
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics