Property prices for sale in Soweto (Gauteng)

The prices in real estate in Soweto, in the Gauteng region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.

R 836 413,17
Average price last 6 months
R 7 212,33
Price/m² last 6 months
Average price per m2

The price per m² in Soweto has had a strong decrease during the last 6 months. In September, the average price per m² was R 9 748. In the following month the price per m² decreased to R 9 017. The price for the following two months in (November, December) had a considerable decrease of 76 with regard to the prior two months. The price per m² has had a considerable deflation of 63 % 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 8 240,75 to R 5 155,5 during January, and February.

Average price

Based upon to the price in Soweto (cities & towns), these have remained the same in the last 6 months. In our first sample month during September, the average price is R 838 304. In October This price remains at R 844 653. In the following two months the average price has remained the same with regard to the previous two months from R 841 478,5 to R 820 856. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of R 831 167,25 and R 846 905 between January and February.

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 835 026 they are 22 % more affordable than the average price for Soweto. The properties with the highest average price have 4 bedrooms, Their price is 21 % more costly than the average. After that we have properties with 3 bedrooms priced at R 903 554.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 4 033 / m², with an average R 5 165 / m² price in Soweto. The properties with the highest average prices have 1 bedroom. They are 69 % more expensive than the average followed by properties with 2 bedrooms with a price at R 4 885 / m².

Price per property type

The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of R 835 026 it is 80 % cheaper than the average price in Soweto. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Land". At a price of R 1 321 710 it is 219 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "Land" at an average cost of R 619 / m² followed by "Flat" priced at R 2 646 / m². "Commercial" is the most costly type of property with a R 1 241 897 / m² cost followed by "Apartment" with an average price of R 10 747 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Soweto
Number of properties used in region Gauteng
R 835 026
R 5 165
2 430
615 080
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value