The property markets in Wareham, Swanage, and Wool have experienced notable fluctuations over the past three months—November 2024, December 2024, and January 2025. This report delves into key metrics such as average property prices, transaction volumes, and market trends, providing a comprehensive overview of the current real estate landscape in these areas.

Average Property Prices

In the BH20 postcode, encompassing Wareham and Wool, the average property price over the past year was £404,764. This figure represents a 9% decrease compared to the previous year and a 2% decline from the 2022 peak of £411,712. Detached properties commanded the highest average prices at £536,715, while terraced and semi-detached properties averaged £316,842 and £347,933, respectively.

The number of homes sold in Wareham experienced a significant decline in January 2025, with 18 transactions—a 35.7% decrease from December 2024’s 28 sales. This reduction in sales activity may be attributed to seasonal factors or broader economic conditions influencing buyer behaviour.

In West Wareham, the market remained relatively stable, with six homes for sale in both December 2024 and January 2025. However, the composition of available properties shifted: three-bedroom homes decreased by 50%, while two-bedroom homes saw a 200% increase in inventory.

Market Trends in the property market in Wareham and Swanage, located in Dorset, UK according to Rightmove

Swanage:

• Average House Price: £439,938 over the past year.

• Property Types Sold:

  • Flats: Average price of £274,142.
  • Detached Properties: Average price of £667,364.
  • Terraced Properties: Average price of £382,020.

• Price Trends: Overall, prices have decreased by 1% compared to the previous year but remain 7% higher than the 2022 peak of £412,971.

• Sales Volume: Over the last year, 114 residential properties were sold, marking a 57.02% decrease from the previous year.

• Time to Sell: Properties are taking an average of 208 days from listing to completion.

Wareham:

• Average House Price: In November 2024, the average house price in Dorset, encompassing Wareham, was £348,000, reflecting a 1.4% decrease from November 2023.

• First-Time Buyers: The average price paid by first-time buyers in Dorset was £275,000 in November 2024, consistent with the previous year.

• Property Types Sold:

  • Detached Properties: Average price of £505,000.
  • Semi-Detached Properties: £343,000.
  • Terraced Properties: £278,000.
  • Flats and Maisonettes: £191,000.

• Rental Market: The average monthly private rent in Dorset was £999 in December 2024, a 6.1% increase from £942 in December 2023

The property markets in Wareham, Swanage, and Wool have exhibited a mix of resilience and fluctuation over the past three months. While average property prices in the BH20 area have seen a slight decline, specific locales like Wareham have experienced price growth, underscoring the nuanced dynamics at play. Transaction volumes and market trends suggest a competitive environment, with variations in buyer behaviour and property availability influencing market conditions.

Prospective buyers and sellers are advised to closely monitor these trends and consult with local real estate professionals to navigate the evolving landscape effectively.

Now could be a great time to book a valuation with our Wareham team  – call Richard and Claire today on 01929 503105 or email on wareham@meyersestates.com  or grab an instant price estimate on your property here in a few seconds.

https://valuation.meyersestates.com/home/1617-meyers-estates-agents

Mark Meyer

CEO

The Meyers Group

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