Property prices for sale in Johannesburg (Gauteng)

The prices in real estate in Johannesburg, in the Gauteng region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.

R 1 614 030,83
Average price last 6 months
R 12 505,67
Price/m² last 6 months
Average price per m2

The price per m² in Johannesburg has remained the same in the last 6 months. In September, the average price per m² was R 12 231. In October this price pretty much remained the same at a value of R 12 110 per m². In the following two months the price per m² has barely changed, going from R 12 170,5 to R 12 419,5 per m². The price per m² has increased 105 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of R 12 295 to R 12 927 during January, and February.

Average price

Based upon to the price in Johannesburg (cities & towns), this has gone up considerably in the last 6 months. The price in September is R 1 397 128, rising in October till R 1 559 891. During the following two months (November, December) the price has had an average incrementation from R 1 478 509,5 to R 1 625 559,5. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 1 950 354 they are 58 % more affordable than the average price for Johannesburg. The properties with the highest average price have 4 bedrooms, Their price is 111 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 149 696.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 11 435 / m², with an average R 13 466 / m² price in Johannesburg. The properties with the highest average prices have 1 bedroom. They are 2 % more expensive than the average followed by properties with 2 bedrooms with a price at R 13 217 / m².

Price per property type

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 1 950 354 it is 30 % cheaper than the average price in Johannesburg. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Commercial". At a price of R 6 027 200 it is 241 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "Office" at an average cost of R 6 403 / m² followed by "Commercial" priced at R 10 370 / m². "Flat" is the most costly type of property with a R 14 360 / m² cost followed by "Apartment" with an average price of R 14 279 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Johannesburg
Number of properties used in region Gauteng
R 1 950 354
R 13 466
131 840
615 080
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value