Property prices for sale in Boksburg (Gauteng)

The prices in real estate in Boksburg, 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 1 166 601,5
Average price last 6 months
R 7 406,33
Price/m² last 6 months
Average price per m2

The price per m² in Boksburg has had a strong decrease during the last 6 months. In December, the average price per m² was R 10 278. In the following month the price per m² decreased to R 9 519. The price for the following two months in (February, March) had a considerable decrease of 76 with regard to the prior two months. The price per m² has had a considerable deflation of 55 % 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 8 703,5 to R 4 812 during April, and May.

Average price

Based upon to the price in Boksburg (cities & towns), this has gone up in the last 6 months. In our first sample month during December, the average price is R 1 080 508. In January This price remains at R 1 051 118. During the following two months (February, March) the price has had an average incrementation from R 1 065 813 to R 1 146 925,5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % 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 1 342 275 they are 61 % more affordable than the average price for Boksburg. The properties with the highest average price have 4 bedrooms, Their price is 56 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 408 759.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 2 919 / m², with an average R 5 157 / m² price in Boksburg. The properties with the highest average prices have 1 bedroom. They are 43 % more expensive than the average followed by properties with 2 bedrooms with a price at R 6 989 / 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 1 342 275 it is 54 % cheaper than the average price in Boksburg. "Flat" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Commercial". At a price of R 6 317 467 it is 8561 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "House" at an average cost of R 3 255 / m² followed by "Commercial" priced at R 5 840 / m². "Land" is the most costly type of property with a R 116 260 319 / m² cost followed by "Flat" with an average price of R 11 248 / m².

Charts data
Average price May
Average price per m² May
Number of properties used in Boksburg
Number of properties used in region Gauteng
R 1 342 275
R 5 157
8 940
446 694
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value