November 2025 has brought interesting developments for the local MK45 property market. As the year approaches its end, various factors have shaped the landscape, prompting both buyers and sellers to reassess their options. At Deakin-White, we constantly monitor the local market, focusing on areas such as Ampthill, Clophill, Flitwick, Houghton Conquest, and Maulden.
Based on a thorough analysis of 218 data points, we observed that the average price per square foot over the last six months has settled at £414. This figure reflects a steady market, indicating that properties in the local market continue to hold their value well, despite fluctuations in demand. It's a promising sign for homeowners looking to sell their properties or for potential buyers contemplating their investments in the area.
In terms of average property sale prices, we found the figure for November to be £391,329. This price points to sustained interest in residential properties across the local areas. It's essential to note that while prices are stabilizing, sellers need to be mindful of their property's condition and presentation to attract prospective buyers. The local market continues to exhibit a blend of character homes and modern properties, catering to diverse buyer preferences.
Moreover, the turnover of sales in the local market was recorded at 13%. This statistic signifies a slight decline in activity compared to previous months, suggesting that while many are keen to engage in the property market, both buyers and sellers are taking a more considered approach amidst prevailing economic factors. The current economic climate has been influenced by mortgage rates and household income, which are pivotal in shaping buyer confidence and purchasing power.
The average fixed mortgage rate for the last two years has hovered around 4.19%. This figure, while representing a slight rise compared to previous years, is still manageable for many potential homeowners. However, it is vital for buyers to not only consider the current mortgage rates but also their long-term financial plans. Engaging with financial advisors can provide bespoke guidance tailored to individual situations, ensuring that prospective buyers make informed decisions during their property searches.
Further impacting the local market is the Average household income, which stands at £54,700. This economic backdrop continues to shape the type of properties that are in demand. With a healthy income level, potential homeowners are positioned well to explore a variety of options. Whether looking for spacious family homes or more cosy retreats, the local market presents opportunities across the spectrum.
As we reflect on the performance of the local property market in November, it's evident that while the figures indicate some moderation in activity, the overall landscape remains robust. For those contemplating selling, our advice is to position your property enticingly by making necessary improvements and maintaining a competitive edge. For buyers, this period could present a strategic opportunity, especially as the market experiences adjustments.
The festive season is approaching, and many individuals might find themselves reevaluating their housing needs, whether it's considering upsizing, downsizing, or moving closer to family. With the right support and guidance, navigating the local market can be both exciting and rewarding.
At Deakin-White, we take pride in being the only local member of The FIA, a network of high-quality UK independent estate agents. If you're looking for further information about the market or want to request a market appraisal for your property, we're here to help. Let's ensure your property journey is a successful one in the vibrant local market.
