House prices in City of London,and what they mean.
112 homes sold across the City of London council area over the 12 months to July 2026, at a median price of £740,000. Prices by town and type of home, ten years of trends, and what it all means if you are buying or selling.
- Median sold price
- £740,000 the 12 months to July 2026
- Change on the year
- −6.1% vs the previous 12 months
- Homes sold
- 112 the 12 months to July 2026
- Sold above £500,000
- 80% England: 19%
By type of home
What each type sells for.
| Type | Median | Change | Sales |
|---|---|---|---|
| Detached houses | Too few sales | n/a | 0 |
| Semi-detached houses | Too few sales | n/a | 0 |
| Terraced houses | Too few sales | n/a | 1 |
| Flats and maisonettes | £740,000 | −5.1% | 111 |
Half of all homes sold went for between £525,000 and £975,000. 99% were leasehold and 2% were new builds.
Price spread
Where sales fall.
Ten years of prices
The median sold price, year by year.
How it compares
Against the wider area.
Busiest months
- January: 5% of sales
- February: 10% of sales
- March: 13% of sales
- April: 8% of sales
- May: 9% of sales
- June: 7% of sales
- July: 8% of sales
- August: 11% of sales
- September: 9% of sales
- October: 6% of sales
- November: 8% of sales
- December: 6% of sales
Share of completed sales by month, 2022 to 2025. The three busiest months are highlighted.
What the numbers mean
Reading the City of London market, from both sides.
Figures tell you what has happened. What they mean for one home, and one decision, depends on the details.
If you are selling
Prices have eased
The median sold price in City of London is 6.1% lower than in the previous 12 months. When prices are softening, buyers compare more and negotiate harder, so the price a home launches at carries more weight than it does in a rising market.
Buyers with more at stake
With about one in 1 sales above £500,000, many buyers in City of London are borrowing large sums. Their lender's valuer has to agree with the price, so an asking price that runs ahead of local comparable sales can unravel weeks after an offer is accepted.
Why down-valuations happenFewer sales
161 homes sold in City of London in 2025, 26% fewer than in 2024. Fewer sales usually means buyers are taking longer to commit, which makes the first few weeks of a sale more important.
When sales complete
Completions in City of London have peaked in March, August and February over the last four years. Sales usually take a few months to complete, so those peaks reflect offers agreed well before.
If you are buying
More room to negotiate
With the median price 6.1% below the previous year, sellers in City of London are meeting a more cautious market. That can create room to negotiate, but a lower price is only a good buy if the home stands up to a survey and the lender's valuation.
A higher-value market
About one in 1 sales in City of London is above £500,000, compared with 19% across England. At these prices a down-valuation or a survey issue moves the numbers by tens of thousands of pounds, which is when an independent view is worth having.
Down-valuations explainedPlenty of leasehold
99% of homes sold in City of London were leasehold, mostly flats. Lease length, service charges and ground rent all affect value and whether a lender will lend, so they deserve attention before an offer, not after.
A quieter market
Sales in City of London fell by 26% between 2024 and 2025. A quieter market gives buyers more time and more choice, but it also means fewer recent comparable sales for a lender's valuer to rely on.
Thinking of buying or selling in City of London? Jon Pulman has spent his career in English estate agency. Tell him about your situation and he will tell you honestly whether a consultation would help.
Tell Jon about your situationQuestions
City of London house prices: common questions.
What is the average house price in City of London?
The median sold price in City of London over the 12 months to July 2026 was £740,000, based on 112 sales registered with HM Land Registry. Half of the homes sold went for between £525,000 and £975,000.
Are house prices in City of London going up or down?
The median sold price in City of London is −6.1% compared with the previous 12 months. Over five years (2020 to 2025), the median has changed by −4.6%. Averages move with the mix of homes sold, so a change of a few per cent can reflect which homes happened to sell as much as a change in values.
How much does a house cost in City of London?
Median sold prices in City of London over the 12 months to July 2026: flats and maisonettes £740,000.
How many homes sell in City of London each year?
161 homes sold in City of London in 2025, −26% on 2024. These are standard open-market sales at full price; repossessions, sales to companies and buy-to-let purchases that Land Registry can identify are excluded.
Why might a home in City of London sell for more or less than these figures?
These are medians across every home sold, so they mix flats with large detached houses and plain homes with exceptional ones. A single home's value depends on what comparable homes nearby have sold for, its condition and the market at the time. Sales also take weeks or months to appear in Land Registry records, so the latest months are still filling in.