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 1 173 591,67
Average price last 6 months
R 89 963,67
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 113 152. In the following month the price per m² decreased considerably to R 72 383. The price for the following two months in (February, March) had a considerable increment of 158 %. The price per m² has had a considerable deflation of 26 % 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 119 502,75 to R 30 885,5 during April, and May.

Average price

Based upon to the price in Boksburg (cities & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during December, is R 974 723. During January the price went through a considerable rise reaching R 1 170 816. In the following two months the average price has remained the same with regard to the previous two months from R 1 072 769,5 to R 1 121 139,5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 121 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 1 541 819 they are 52 % more affordable than the average price for Boksburg. The properties with the highest average price have 4 bedrooms, Their price is 78 % more costly than the average. After that we have properties with 1 bedroom priced at R 1 284 897.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 5 653 / m², with an average R 9 749 / m² price in Boksburg. The properties with the highest average prices have 1 bedroom. They are 10814 % more expensive than the average followed by properties with 2 bedrooms with a price at R 9 712 / 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 1 541 819 it is 58 % cheaper than the average price in Boksburg. "Apartment" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Commercial". At a price of R 9 903 006 it is 8331 % 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 7 942 / m² followed by "Townhouse" priced at R 9 235 / m². "Land" is the most costly type of property with a R 129 993 750 / m² cost followed by "Commercial" with an average price of R 9 604 672 / 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 1 541 819
R 9 749
25 080
843 404
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value