House prices in Reading have gone down by an average of over £900 in the month of August, according to figures from the Land Registry.

The latest data from the government department reveals that in August 2022 average house prices in Reading reached £331,371.

This was down from £332,275 in July, representing a 0.3 per cent decrease. In the last 12 months it has risen by 10.7 per cent.

If you are interested in buying or renting a home, you can see the latest properties in and around Reading here.

How much have house prices decreased in Reading?

Breaking it down for specific types of housing, all prices saw a decrease.

  • Detached houses - Down to £691,380 from £694,500 in July
  • Semi-detached houses - Down to £429,348 from £430,984 in July
  • Terraced houses - Down to £338,552 from £338,770 in July
  • Flats - Down to £228,913 from £229,784 in July

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How do Reading house prices compare to the UK average?

Despite the fall in prices this month, Reading is still  above the UK average with a typical property value in the nations reaching £295,903 in August.

In cash terms, the average house price in August was £35,473 higher than a year earlier with house price growth accelerating to 13.6 per cent in August 2022.  Prices were up by 0.9 per cent month on month.

How much could your house be worth?

We have created this map for the South East so you can see the average house price in each neighbourhood since 1995.

Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.

The above map can demonstrate which areas of Reading are the most expensive for average house prices.