Reigate’s property market in October 2024 reflects both stability and a degree of variation in pricing across property types. The average property price in Reigate currently stands at £727,967, a slight 0.54% increase over the past six months. However, detached homes command higher prices, averaging over £1 million, with five-bedroom properties reaching around £1.66 million. Flats and smaller homes, like one-bedroom properties, are considerably more affordable, with averages closer to £223,000(
Recent trends show a slight reduction in asking prices by about 1.6%, and properties tend to stay on the market for around 13 weeks(
Meanwhile, the broader market has seen some price corrections, with some areas experiencing declines of up to 10% year-on-year(
Homes in Reigate range from large, detached houses on the outskirts to Victorian terraces and modern flats closer to the town centre(
).
As mortgage rates and market conditions evolve, the property landscape in Reigate offers opportunities for buyers seeking both premium and more affordable homes. Despite recent fluctuations, Reigate remains a desirable location with a wide range of properties that cater to different needs.
