Property prices for sale in Meyerton (Gauteng)

The prices in real estate in Meyerton, in the Gauteng region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city

R 1 423 237,83
Average price last 6 months
R 4 887,33
Price/m² last 6 months
Average price per m2

The price per m² in Meyerton has fallen in the last 6 months. In September, the average price per m² was R 5 311. In the following month the price per m² increased to R 6 081. In the following two months the price per m² has barely changed, going from R 5 696 to R 5 650,5 per m². The price per m² has had a considerable deflation of 58 % 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 5 673,25 to R 3 315,5 during January, and February.

Average price

Based upon to the price in Meyerton (cities & towns), these have remained the same in the last 6 months. In our first sample month during September, the average price is R 1 419 933. In October This price remains at R 1 447 150. In the following two months the average price has remained the same with regard to the previous two months from R 1 433 541,5 to R 1 405 161,5. 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 1 419 351,5 and R 1 431 010,5 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 1 371 822 they are 55 % more affordable than the average price for Meyerton. The properties with the highest average price have 4 bedrooms, Their price is 84 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 407 367.

With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of R 2 107 / m², with an average R 3 313 / m² price in Meyerton. The properties with the highest average prices have 2 bedrooms. They are 66 % more expensive than the average followed by properties with 1 bedroom with a price at R 5 250 / 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 1 371 822 it is 57 % cheaper than the average price in Meyerton. "Land" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Farm". At a price of R 2 400 118 it is 225 % 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 1 067 / m² followed by "House" priced at R 5 173 / m². "Commercial" is the most costly type of property with a R 4 456 172 / m² cost followed by "Farm" with an average price of R 2 400 118 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Meyerton
Number of properties used in region Gauteng
R 1 371 822
R 3 313
1 948
615 080
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value