Property prices for sale in Springs (Gauteng)

The prices in real estate in Springs, 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 1 040 548,67
Average price last 6 months
R 4 106,83
Price/m² last 6 months
Average price per m2

The price per m² in Springs has had a strong decrease during the last 6 months. In September, the average price per m² was R 5 431. In the following month the price per m² decreased to R 5 040. The price for the following two months in (November, December) had a considerable decrease of 84 with regard to the prior two months. The price per m² has had a considerable deflation of 56 % 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 4 811,75 to R 2 697 during January, and February.

Average price

Based upon to the price in Springs (cities & towns), these have remained the same in the last 6 months. In our first sample month during September, the average price is R 1 015 734. In October This price remains at R 979 806. In the following two months the average price has remained the same with regard to the previous two months from R 997 770 to R 1 028 420. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % 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 1 142 484 they are 58 % more affordable than the average price for Springs. The properties with the highest average price have 4 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 112 298.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 1 382 / m², with an average R 2 876 / m² price in Springs. The properties with the highest average prices have 2 bedrooms. They are 79 % more expensive than the average followed by properties with 1 bedroom with a price at R 4 868 / 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 1 142 484 it is 65 % cheaper than the average price in Springs. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of R 1 173 409 it is 218 % 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 2 113 / m² followed by "Commercial" priced at R 2 852 / m². "Land" is the most costly type of property with a R 836 213 / m² cost followed by "Apartment" with an average price of R 8 061 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Springs
Number of properties used in region Gauteng
R 1 142 484
R 2 876
5 038
615 080
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value