MK45 MARKET UPDATE
September 2025 has been an affirming month for the local property market, showcasing resilience amid evolving economic landscapes. We've taken a deep dive into the data for the local areas, including Ampthill, Barton-le-Clay, Clophill, Flitwick, and Silsoe, to provide you with an insightful overview of what you can expect if you're considering buying or selling in the near future.
From our analysis of 262 data points, we discovered that the average property sale price across the local market was £395,632. This figure not only reflects the current market sentiment but also indicates a steady growth trajectory. We are witnessing prices that are robust, indicative of demand that remains strong despite various economic influences.
The average price per square foot over the last six months stood at £405. This metric is particularly valuable as it allows prospective buyers and sellers to gauge property value more accurately, especially when comparing different styles or types of homes. Whether you're looking at a cozy cottage in Clophill or a family home in Flitwick, understanding the price per square foot can demystify the buying process.
One significant highlight from September is the turnover of sales, which reached a notable 29%. This turnover suggests that there is a healthy level of activity within the local market. Properties are not just selling; they are exchanging hands at a rate that indicates confidence from buyers and sellers alike. This dynamic position provides a stimulating environment where competition remains, making it an opportune time for sellers considering entering the market.
According to our latest findings, the average two-year fixed mortgage rate currently sits at 4.25%. In a time when interest rates are often in the headlines, this value presents a relatively stable option for buyers seeking predictability in their financial planning. Those entering the market now can benefit from this fixed rate, primarily as they can budget effectively without worrying about sudden rate fluctuations.
One cannot overlook the correlation between property prices and household income, as these factors significantly influence buyability. The average household income in our local market is pegged at £54,700. This figure provides context for the affordability of homes in our area, illustrating how potential buyers might navigate their options when it comes to securing a mortgage and making a purchase.
As we assess the local market, it's clear that September has treated buyers and sellers well. The stability in prices, coupled with reasonable mortgage rates, signifies a conducive environment for real estate transactions. As demand continues, we anticipate a healthy rhythm to property sales as we move into the final quarter of the year.
Moreover, we advocate for anyone contemplating a move to engage in a detailed discussion about the market. Understanding how current trends might influence your decision-making can be invaluable. At Deakin-White, we keep our finger on the pulse, and we are more than happy to assist you in discerning the right approach tailored to your needs.
In conclusion, we are proud to say that we are the only local member of The FIA, a network of high-quality independent estate agents across the UK. If you're interested in discussing your property needs or would like to request a market appraisal, don't hesitate to reach out to us for further information about the current market landscape.
