Local market reports › ME
Medway market report ME
The ME (Medway) house price history in full, 1995 to 2026, in cash and in today's money. Everything below comes from 345,887 sales recorded by HM Land Registry in the ME postcode area (Medway) since 1995, real completion prices from real purchases, alongside the ONS's current rent figures. No valuations, no estimates, no asking prices.
Sales recorded to August 2026; rents are ONS figures for May 2026. The page rebuilds with each monthly release. Page updated 19 October 2026.
In short: the middle 2026 sale in the ME postcode area (Medway) came in at £325,000, out of 3,992 registered, up 5% on five years earlier, and the mean stands at £351,200, and by floor area homes here have averaged about £3,920 per square metre over the last five years. The record behind it is 345,887 completed sales lodged with HM Land Registry since 1995, monthly refreshed, with no valuations or asking prices anywhere in the figures.
ME is the postcode area centred on Medway, taking in 20 districts. Figures this wide smooth over big local differences, so use the district reports below for anywhere specific.
Where ME sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
What buyers actually paid in ME
The 2026 median for ME is £325,000, taken from 3,992 registered sales. The mean, which is what most sites call the "average house price", is £351,200, modestly above it, the usual shape of a market with an expensive tail.
ME prices by floor area
Per square metre, ME homes have averaged around £3,920 over the last five years of sales. The floor areas behind the figure come from Energy Performance Certificates, and the by-the-metre view is the fair comparison across home sizes.
Against a national (England and Wales) median of £285,000, ME runs 14% above it.
ME's median sold price, 1995 to 2026
Year by year: the median as it was recorded, and the same figure brought into today's money with ONS CPIH, which is where "did homes get dearer" actually gets answered. Hover shows each year; the legend isolates a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £325,000 | £325,000 | 3,992 |
| 2025 | £332,500 | £340,451 | 9,711 |
| 2024 | £325,000 | £345,542 | 8,892 |
| 2023 | £320,000 | £351,602 | 8,219 |
| 2022 | £328,000 | £384,617 | 10,657 |
| 2021 | £310,000 | £392,500 | 14,128 |
| 2020 | £290,000 | £376,281 | 9,299 |
| 2019 | £270,000 | £353,905 | 9,645 |
| 2018 | £265,000 | £353,250 | 10,176 |
| 2017 | £258,000 | £351,886 | 11,367 |
| 2016 | £238,500 | £333,664 | 11,420 |
| 2015 | £215,000 | £303,795 | 11,275 |
| 2014 | £192,500 | £273,095 | 11,115 |
| 2013 | £180,000 | £259,002 | 9,247 |
| 2012 | £170,500 | £250,955 | 8,059 |
| 2011 | £170,000 | £256,635 | 7,731 |
| 2010 | £174,000 | £272,877 | 7,434 |
| 2009 | £160,000 | £257,201 | 7,388 |
| 2008 | £171,400 | £280,961 | 7,700 |
| 2007 | £175,000 | £296,849 | 15,395 |
| 2006 | £164,000 | £284,683 | 15,130 |
| 2005 | £155,000 | £275,838 | 11,715 |
| 2004 | £150,000 | £272,429 | 13,799 |
| 2003 | £133,000 | £245,018 | 13,711 |
| 2002 | £115,000 | £216,372 | 15,385 |
| 2001 | £90,000 | £173,020 | 14,646 |
| 2000 | £80,000 | £157,000 | 13,376 |
| 1999 | £69,800 | £139,108 | 13,136 |
| 1998 | £63,500 | £128,179 | 11,660 |
| 1997 | £59,000 | £120,997 | 11,916 |
| 1996 | £55,000 | £115,993 | 9,902 |
| 1995 | £53,000 | £115,214 | 8,661 |
In cash terms the typical ME home went from £53,000 in 1995 to £325,000 in 2026, roughly 6 times the price. Even after inflation that is a real rise of about 182%: homes here genuinely became dearer, not merely more expensive on paper. The real-terms peak came in 2021, and today's median remains roughly 17% under it: a 2021 buyer is still waiting to get that price back in today's money.
Year-on-year change in the ME median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2002 (+27.8% on the year before); the weakest, 2009 (−6.7%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Detached, semi, terraced, flat: four markets in one
A single median hides the split beneath it. Sales of terraced homes dominate the record here, 39% of the typed total. A detached home currently trades at £505,000 against £185,000 for a flat, 2.7 times the price.
Median by property type, ME
One line per type, years with too few sales omitted. Hover for the year's figures; click a legend entry to isolate a type.
| Type | Median (2026) | Sales that year | All-time sales |
|---|---|---|---|
| Detached | £505,000 | 784 | 67,755 |
| Semi-detached | £357,500 | 1,292 | 101,315 |
| Terraced | £280,000 | 1,440 | 135,831 |
| Flats | £185,000 | 476 | 40,986 |
Annualised returns
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 year (since 2025) | −2.3% | −4.5% |
| 5 years (since 2021) | +0.9% | −3.7% |
| 6 years (since 2020) | +1.9% | −2.4% |
| 10 years (since 2016) | +3.1% | −0.3% |
| 20 years (since 2006) | +3.5% | +0.7% |
Compound annual growth of the median sold price; the real column deflates by ONS CPIH. Annualised figures smooth the cycle (the chart above shows the cycle), and past growth is a record, not a forecast.
The turnover behind the prices
The year-by-year sales count
Annual recorded sales. The post-2008 trough is the financial crisis; treat the final bar as provisional while registrations catch up.
The last five years, month by month
Monthly registrations. The sawtooth is seasonal; the register runs weeks behind completions at the right-hand edge.
ME recorded 7,240 sales in the last twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 14,145 sales a year before the financial crisis and 8,294 a year over the last five. Price without volume misleads: a median built on few sales jumps around, and one street can tilt it. Keep in mind too that the latest year is still filling in, since sales reach the register weeks or months after completion.
The rental side of ME
The local authority for ME is Medway, the local authority covering most of the ME area (parts fall under Swale and Maidstone, where rents differ), and its ONS average private rent currently stands at £1,238 a month (May 2026 figures). A one-bed averages £900 a month here and a four-or-more-bed £1,835, so size does most of the work in setting the rent.
Average monthly rent by size, Medway
ONS Price Index of Private Rents, May 2026.
£1,238 a month is £14,856 a year, which against the £325,000 median sold price makes a gross yield of 4.6%. Gross means before letting costs, voids, maintenance and tax: treat it as a ceiling. The ONS publishes rents by local authority, so neighbouring districts under the same authority share these numbers.
Asked and answered: ME (Medway)
Are property prices falling in ME (Medway)?
Is ME (Medway) a good place to buy a house?
How much did a house sell for in ME (Medway)?
Are ME prices heading up or down?
The record answers a different question than "what happens next": the median is up 5% over five years in cash but down 17% after inflation. Put the volume chart beside the price chart before drawing conclusions, and allow for the register's lag behind actual completions.
On the market in ME today
Everything above is what homes in ME sold for. Turning to what is actually available: 134 homes on the market right now, from 5 agents publishing to HomesIndex, at a typical asking price 15% above the ME median sold price.
At the pace of the last twelve months' registered sales (7,240 in ME), the 134 homes listed here amount to about a week of supply. Not every agent publishes to HomesIndex, so the true figure is higher. Supply that short favours the seller; a sensibly priced home here does not sit for long.
Of everything listed here, 18% asks less than the sold record of comparable homes. Every listing is measured against recent recorded sales of similar nearby homes.
- Clock Tower, Lees Court, Faversham, Faversham
- Baldwin's Place, Harrietsham, Harrietsham
- Chillington Close, Upper Halling, Rochester
"Under comparable sales" compares each asking price with what similar homes nearby actually sold for. It is a starting point for a conversation, not a valuation. Always look at the home itself.
See every ME home for sale on the map →
These asking prices come live from estate agents publishing feeds to HomesIndex, refreshed each Monday and Thursday. They are a sample of the market rather than its entirety, and an asking price is not a sale price.
When homes in ME change hands
March is when ME changes hands most (10.9% of the 51,607 sales dated 2021 to 2025); April is the quiet end at 6.9%. With so little between the busiest and quietest months, ME sells year round; the calendar is a weaker lever than price.
Sales by month, 2021 to 2025
| Month | Sales | Share |
|---|---|---|
| January | 3,668 | 7.1% |
| February | 4,137 | 8.0% |
| March | 5,629 | 10.9% |
| April | 3,585 | 6.9% |
| May | 3,647 | 7.1% |
| June | 5,391 | 10.4% |
| July | 3,806 | 7.4% |
| August | 4,375 | 8.5% |
| September | 4,984 | 9.7% |
| October | 4,174 | 8.1% |
| November | 4,162 | 8.1% |
| December | 4,049 | 7.8% |
Moving up a bedroom in ME: the cost
What homes of each size actually sold for across the ME area, from the Land Registry record. Size steps are fiercely local. A third bedroom adds a quarter to the price in some areas and close to four fifths in others, which is why no national rule of thumb survives contact with a real market.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | £322,000 | £360,000 (+12%) | £425,000 (+18%) | £510,000 (+20%) | £600,000 (+18%) |
| Semi-detached | £275,000 | £310,000 (+13%) | £355,000 (+15%) | £425,000 (+20%) | £525,500 (+24%) |
| Terraced | £221,250 | £263,580 (+19%) | £285,000 (+8%) | £350,000 (+23%) | £430,000 (+23%) |
| Flat | £158,000 | £200,000 (+27%) | £260,000 (+30%) | £332,500 (+28%) | £399,950 (+20%) |
Built from the last four years of recorded sales by form and bedroom count. Bedroom counts are estimated from EPC records (the register carries none), so expect a small number of homes one size adrift. Blank cells mean too few homes for the figure to mean anything.
The risers and the fallers
The spread across the ME area is the point: the same five years treated these districts very differently.
Winners and losers across the ME area, five years
The biggest risers and fallers in cash terms; every row links to that district's report.
District by district
The spread inside ME matters more than its average. These are its districts with enough sales to measure, priciest first, each with a full report of its own.
| District | Median (2026) | 5-year | Sales |
|---|---|---|---|
| ME18 Wateringbury, Mereworth | £466,200 | -4% | 58 |
| ME19 West Malling, Kings Hill | £440,000 | +1% | 167 |
| ME17 Hollingbourne, Hucking | £380,000 | +1% | 164 |
| ME20 Aylesford, Ditton | £375,000 | +15% | 125 |
| ME3 Hoo Peninsula, Higham | £370,000 | +6% | 185 |
| ME9 Newington, Teynham | £350,000 | +3% | 151 |
| ME16 Maidstone (west of the River Medway), Barming | £345,000 | +5% | 233 |
| ME15 Maidstone (south), Bearsted (Madginford) | £335,000 | +3% | 293 |
| ME8 Rainham, Parkwood | £330,000 | +8% | 324 |
| ME14 Maidstone (north and east), Bearsted | £330,000 | -1% | 213 |
| ME2 Strood, Halling | £325,000 | +14% | 208 |
| ME13 Faversham, Boughton under Blean | £325,000 | -8% | 219 |
| ME5 Walderslade, Blue Bell Hill | £307,500 | +12% | 348 |
| ME1 Rochester, Borstal | £305,000 | +8% | 195 |
| ME6 Snodland | £292,000 | +2% | 81 |
| ME10 Sittingbourne, Kemsley | £290,000 | +13% | 362 |
| ME12 Isle of Sheppey, Minster | £285,000 | +6% | 242 |
| ME7 Gillingham, Brompton | £270,000 | +10% | 262 |
| ME11 Queenborough, Rushenden | £250,000 | +19% | 19 |
| ME4 Chatham, Brompton | £249,000 | +4% | 143 |
Before you sell in ME: what the record supports
The sold record beats any estimate as a starting point. Before a house valuation or flat valuation in ME, open the average prices map and zoom from the ME shading down to the sold homes on your own street. Every recorded ME sale is on this page; the same Land Registry record is what agents price from, and it is now in your hands.
Dig further
Behind the answers sits the same Land Registry record as this page, with ME already set as the subject. Free, one click sign in.
The live map plots every individual ME sale at its exact address, and the average prices map zooms from neighbourhood shading to single homes. For a specific question, the report tool writes a custom answer, and any sale's mortgage and rent calculator runs the numbers on a real purchase.
About the numbers: everything is computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to the address; today's-money figures use the ONS CPIH index, and rents are the ONS Price Index of Private Rents by local authority. These are medians of recorded sales, not valuations, and none of it is financial advice.