Autumn feels like it’s is arriving with a splash – quite literally!
We definitely have a change in the weather. But with it, despite both the literal and metaphorical gloom, might we actually be seeing a change for the better in the property market?
The most recent Rightmove House Price Index report out this week has offered a mixed yet cautiously hopeful outlook for the UK property market as a whole.
In September, average new seller asking prices rose by 0.4% month-on-month, pushing the national average to £370,257.
It’s a modest uptick, but nevertheless it is positive.
No matter what the national property market is doing, of course, we really need to understand what is going on in our local area, here in Edgware, to understand how these national figures stack up against what’s happening in North London.
Here’s what the data tells us – and how we can use it to better inform your strategy when thinking about selling your Edgware home.
It’s such a small difference we can consider it flat-lining, but nevertheless it shows that whilst sellers are seeing some welcome seasonal momentum, it is coming off the back of a stubborn market.
In contrast, regions like the North West of England, Scotland and others have experienced a more robust performance. Across the North West, property prices have risen by around 3.2% year-on-year, which has given a significant boost to the overall national performance.
More choice for buyers means more pressure on sellers. Those that will do well will be those who focus on good presentation and realistic pricing, something directly referenced in Rightmove’s report, which noted that competitive pricing is helping to sustain sales activity.
It means demand is still there – and growing. Buyers are taking action, in particular where pricing and presentation line up with expectations.
The national story is what you read about in the news – but what really matters is what is going on here in Edgware and the wider North London area.
Let’s take a look at some local facts, figures and property trends:
Here in Edgware, property data aggregator site home.co.uk shows that house prices have actually fallen further than this – by something more like 1% over a month, but with Rightmove figures also suggesting prices here have dropped further over the last 12 months, by up to as much as 5%. That is clearly a more noticeable fall than the national average has shown, and indeed is ahead of the general drop of 2% across London.
The average price here in Edgware currently sits at just over £546,000, according to Rightmove data.
There are currently 482 properties for sale in Edgware (at the time of writing, 18 September 2025) as listed on Rightmove.
It means there has been a fairly static number of properties on the market since the beginning of the summer, but nevertheless numbers are becoming more positive as the market picks up. I reported 466 for sale in my Edgware Edge article of August 7, and in that same article discussed that this figure had dropped from 475 a week prior. It would appear therefore that the market took a dip over the summer holiday season and is now picking up again, pushing slightly ahead of where it had been before – exactly in line with my own expectations at the time.
This will in part be due to a number of sellers pausing during the school summer holiday – a feature of the property market in Edgware most years.
The pick-up in listings itself is a positive sign for the Edgware property market – but another positive is that currently, just over 30% of properties on the market in Edgware are sold subject to contract, indicating a reasonably active market with robust demand in this area (more below).
‘Time on market’ figures show a bit of stubbornness in the local market. The mean average time on market is 138 days, according to property data site home.co.uk.
However, it is interesting to note that this average is skewed by different property types: semi-detached homes remain unsold for 163 days and flats for 161 days, whereas detached homes remain unsold for 86 days and terraced homes just 72 days.
It shows perhaps a particular demand for larger family homes as well as first-time buyer type properties, with a lack of buyers (or a tendency to overprice) in the middle market, and perhaps less appetite for leasehold properties.
Inflation has come down but is still not fully under control, holding at 3.8% (equal to last month), and predicted by many to hit 4% again this year.
This makes further interest rate cuts this year less likely – and harder to predict.. The Monetary Policy Committee met again today (September 18) and voted to hold rates steady at 4%. With only two more meetings to come this year, there is less being said about further rate cuts in 2025 now after all.
The average household income in Edgware is £55,775 according to the good folk at propertistics. It means that average property value here in Edgware is just under 10 times our average household income.
That means that whilst our average property value is lower than other parts of London, properties are actually a little less affordable here compared to local average incomes, than in other London and indeed other UK locations.
Obviously, where our average property value is above that amount, plenty of homeowners in Edgware may be affected by this.
It is something that we will monitor closely, but for now we have to push on: business as usual.
The market here is sluggish but there are positive signs, especially when judging recent activity. Here are some things to think about when selling your home this autumn:
I would caution against this. It won’t help you. And especially so if you are selling a flat or a semi-detached home – as mentioned above, the data shows us that these types of property are hanging around for sale for far longer than detached homes and terraced properties by comparison.
Over-ambitious pricing risks lengthening time on the market. The sellers who adjust expectations from the start, opting for realism (this isn’t about being negative; it is about being realistic), will run ahead of those trying to pitch ahead of the market.
Sellers who take expert advice and act on it will feel the benefit.
Of course, it’s tricky! Extrapolating the data to understand what is really going on takes time, effort, and a knowledge of where to find it. Fortunately, you’ve got me!
Follow my Edgware Edge blog and our Petermans Estate Agents social media to stay up to date with regular, focussed, local market updates.
Rightmove’s September report shows us a national market that is stabilising rather than accelerating – but momentum is at least heading in the right direction again.
Against that backdrop however, the Edgware property market has been sluggish by comparison, in line with but perhaps an exaggerated version of the general London and South East markets, with prices falling over twelve months and behind the curve now as they begin to rise again nationally after the summer.
Meanwhile, though, demand is up locally, with mortgage rates easing and buyers returning in numbers after a couple of months of lower activity.
It means that opportunities are there, especially for those who price wisely and move decisively.
If you happen to be on the market locally but feel that you're lagging behind, there may be reasons, and I would gladly offer to pop round to provide some honest, friendly advice. Just follow the link here to book an appointment via our Petermans site.
What’s the average house price in Edgware?
As of September 2025, the average house price of properties currently for sale in Edgware is around £546,000, according to Rightmove. That’s about 5% lower than this time last year, behind the national average which has more or less stayed level, but essentially on trend with the picture seen across London and much of the South of England, especially the South East.
How long does it take to sell a house in Edgware?
The Edgware market average is about 138 days, but well-priced and well-presented homes sell much faster. There are differences found between property types. Semi-detached homes and flats are remaining on the market longer, with detached homes and terraces moving relatively quickly.
Are mortgage rates going down?
Yes. Two-year fixed mortgage rates have dropped to around 4.5–5%, lower than five-year fixed rates for the first time since 2022. That’s helping more buyers step back into the market.
We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £60 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable. We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.