June 2025 Sittingbourne Housing Market Update
June 2025 Sittingbourne Housing Market Update
As we look back on June 2025, it's a great opportunity to reflect on the local property market in the Sittingbourne area. The data we've gathered shows encouraging trends and highlights how dynamic the market can be, even in the current economic climate.
Over the past six months, we've analysed 321 data points which provided us with a clear understanding of the market. One particularly interesting takeaway is the average price per square foot, standing at £340. This figure continues to be an important benchmark for both buyers and sellers in the local market. It's not just a number; it reflects the value buyers place on properties in Sittingbourne and the varying preferences regarding size and style.
The average property sale price in the local market has reached £293,828. This consistent figure indicates that the market remains robust, with homeowners seeing solid returns on their investments. For potential sellers, this means a likely beneficial position if they are considering listing their property. For buyers, while prices are reflective of a thriving market, it also presents a window of opportunity, especially as financing options become more favourable.
Speaking of financing, the current average two-year fixed mortgage rate sits at 4.43%. This is an essential factor for many homebuyers as they navigate their purchasing decisions. With rates stabilising, we are observing a cautious optimism among buyers. The more manageable rates can ease the path to homeownership and provide some certainty in planning budgets. For first-time buyers, the opportunity to secure a fixed-rate mortgage can be particularly appealing in such a spirited market.
Another interesting aspect of the local market is the turnover of sales, which stands at an impressive 61%. This figure indicates a healthy volume of transactions, suggesting that homes are not only being listed but also selling at a steady pace. Sellers can take encouragement from this data, knowing that there is strong demand for homes in and around Sittingbourne. Moreover, for buyers, it highlights the competitive nature of the local market, as many are keen to invest in properties that grab their attention.
To complement these figures, the average household income in the area is £49,700. Understanding the economic backdrop is crucial, as income levels play a significant role in determining buying power and affordability. This figure may influence the type of properties that individuals and families feel comfortable pursuing. Generally, with reasonable income levels, residents can feel empowered in their search for properties that suit their needs and lifestyle.
It's clear from the June data that while the local market has its challenges, there are many opportunities for both buyers and sellers. Families looking to upsize, young professionals hoping to find their first home, and investors scouting for the next property are all part of the colourful tapestry that makes up the property landscape in Sittingbourne.
As we move further into the year, staying informed about market trends is more important than ever. For buyers, understanding the average square foot price, mortgage rates and turnover of sales can provide you with the right tools to negotiate and make informed choices. Sellers, on the other hand, can leverage these statistics to price their homes accurately, ensuring they attract the right kind of interest without underestimating their property's worth.
It's also worth mentioning the community aspect of owning property in Sittingbourne. This region is known for its close-knit communities and family-friendly atmosphere. The mix of amenities, schools, and local parks attracts a diverse range of buyers, all keen to benefit from what this area has to offer. It's this combination of community spirit and economic opportunity that makes Sittingbourne an appealing place to live.
As we move forward, we at Harrisons are happy to be your trusted estate agents. We are proud to be the only local member of The FIA, a network of high-quality independent estate agents across the UK, which ensures we provide a high level of service to you. Whether you're looking for further information about the local market or you wish to request a market appraisal for your property, we're here to help. Simply reach out to us, and let's discuss how we can support you in navigating the exciting journey of buying or selling a home.