The property market in South Africa has shown remarkable resilience - Here are the asking price averages you can expect across the most popular suburbs in key SA metros.
Johannesburg's most popular suburbs
In June 2021, searches for properties in Johannesburg on Property24 received over 6 million page views, and between April and June 2021, the city received over 18.7 million page views.
Johannesburg has currently *2 354 new property listings, according to property24 Trends Page, with the average asking price for the area being R1.4 million. The average sale price per erf for 2020 was about R1.15 million, below the R1 407 071 average residential purchase price currently in South Africa, while Section Scheme Units in Johannesburg have seen an average sale price for the same period is R685 000. Click here to see all the latest trend data for Johannesburg
READ: A property for every pocket in Johannesburg’s most popular suburbs
| Top 15 Johannesburg searched suburbs on Property24 between April to June 2021 |
|
Suburb |
Average Asking price in 2021 |
% Difference in Average Asking Price for 2020-2021 |
% Difference in Average Asking Price for 2019-2020 |
% Change in number of listings per suburb 2019 - 2020 |
% Change in number of listings per suburb 2020 - 2021 |
|
740 000 |
6% |
9% |
11% |
-42% |
|
|
750 000 |
-12% |
26% |
-28% |
-25% |
|
|
770 000 |
-8% |
24% |
5% |
-64% |
|
|
865 000 |
12% |
-4% |
-29% |
-38% |
|
|
1 000 000 |
0% |
5% |
-2% |
-33% |
|
|
1 295 000 |
4% |
-2% |
7% |
-43% |
|
|
1 300 000 |
8% |
9% |
-14% |
-31% |
|
|
1 400 000 |
27% |
-4% |
-22% |
-49% |
|
|
1 700 000 |
-1% |
-1% |
-1% |
-13% |
|
|
1 700 000 |
-37% |
0% |
-41% |
-20% |
|
|
1 850 000 |
0% |
3% |
8% |
-52% |
|
|
1 930 000 |
7% |
14% |
16% |
-44% |
|
|
2 750 000 |
-7% |
5% |
4% |
-28% |
|
|
2 872 500 |
-1% |
4% |
-10% |
-39% |
|
|
3 600 000 |
0% |
3% |
-33% |
-35% |
Source: Property 24 Trends Data
Cape Town's most popular suburbs
In June 2021, searches for Cape Town properties on Property24 received over 9.5 million page views. Between April and June 2021 the Cape Town metro received over 29 million page views.
Cape Town currently has *2 017 new property listings, according to Property24 Trends , with the average asking price for the area being R2.99 million. The average sale price per erf for 2020 was about R1.66 million, well above the R1 407 071 average residential purchase price currently in South Africa, while Section Scheme Units in Cape Town have seen an average sale price for the same period is R1.38 million. Click here to see all the latest trend data for Cape Town
READ: What you can expect to pay in Cape Town's 15 most popular suburbs
| Top Cape Town searched suburbs on Property24 between April to June 2021 |
| Suburb | Average Asking price in 2021 | % Difference in Average Asking Price for 2020-2021 | % Difference in Average Asking Price for 2019-2020 | % Change in number of listings per suburb 2019 - 2020 | % Change in number of listings per suburb 2020 - 2021 |
| Clifton | 17 250 000 | -35% | 35% | 23% | 42% |
| Camps Bay | 14 997 500 | -4% | 36% | 1% | 7% |
| Constantia | 9 925 000 | 12% | -8% | 5% | 2% |
| Sea Point | 4 592 500 | -3% | -2% | 13% | 3% |
| Rondebosch | 3 497 500 | 2% | 1% | -1% | -1% |
| Claremont | 2 697 500 | 0% | -2% | 13% | -8% |
| Kirstenhof | 2 572 500 | 0% | 3% | 28% | -20% |
| Pinelands | 2 195 000 | -21% | -5% | 50% | 11% |
| Plumstead | 2 125 000 | 6% | 12% | 32% | -10% |
| Ottery | 1 800 000 | -1% | 7% | 58% | 1% |
| Athlone | 1 685 000 | 5% | 0% | 21% | -11% |
| Retreat | 1 524 500 | 4% | 18% | 45% | -18% |
| Muizenberg | 1 455 000 | 4% | -15% | 34% | -21% |
| Grassy Park | 1 315 000 | 10% | -12% | 148% | -21% |
| Belhar | 875 000 | 8% | -12% | 1% | -6% |
In June, Pretoria received more than 9 million page views on Property24 and an overall of 27.3 million pageviews for the 3-month period between April to June 2021.
The average asking price for Tshwane, about R1.3 million during 2020, has seen a 5.7% increase when compared to a pre-pandemic period of 2019. The average asking price in 2015 of about R1.28 million has seen an increase of some 2.3%, over the five years up until 2020, according to listings data on Property24. Click here to see all the latest trend data for Tshwane.
READ: 'Stable interest rate still favours buyers' | PTA's 15 most popular suburbs + average asking prices
|
Top 15 Tshwane suburbs on Property24 between April to June 2021 |
|
Suburb |
Average Asking price in 2021 |
% Difference in Average Asking Price for 2020-2021 |
% Difference in Average Asking Price for 2019-2020 |
% Change in number of listings per suburb 2019 - 2020 |
% Change in number of listings per suburb 2020 - 2021 |
|
4 795 000 |
-3% |
15% |
37% |
-3% |
|
|
3 675 000 |
-5% |
5% |
22% |
-10% |
|
|
3 075 000 |
14% |
6.% |
12% |
- (Data not available at the time of publication) |
|
|
2 795 000 |
46% |
4% |
-1% |
-34% |
|
|
2 570 000 |
-1% |
13% |
33% |
-17% |
|
|
2 197 500 |
24% |
7% |
-14% |
-12% |
|
|
2 120 000 |
37% |
64% |
44% |
-13% |
|
|
1 910 000 |
4% |
0% |
-2% |
-17% |
|
|
1 460 000 |
3% |
5% |
5% |
-12% |
|
|
1 442 668 |
-2% |
-1% |
-7% |
3% |
|
|
1 109 399 |
0% |
11% |
5% |
-2% |
|
|
999 000 |
4% |
7% |
6% |
-14% |
|
|
931 000 |
3% |
13% |
31% |
-32% |
|
|
840 000 |
7% |
2% |
-6% |
-25% |
|
|
750 000 |
10% |
6% |
-8% |
-43% |
Durban's most popular suburbs
| Top Durban searched suburbs on Property24 between April to June 2021 |
| Suburb | Average Asking price in 2021 | % Difference in Average Asking Price for 2020-2021 | % Difference in Average Asking Price for 2019-2020 | % Change in number of listings per suburb 2020 - 2021 |
| Kloof | 2 549 500 | 9% | 2% | 3% |
| Morningside | 1 800 000 | 11% | -5% | -3% |
| Essenwood | 1 797 000 | -4% | 0% | 5% |
| Musgrave | 1 790 000 | 7% | -2% | -1% |
| Bluff | 1 780 000 | 8% | 10% | 7% |
| Yellowwood Park | 1 600 000 | 7% | 0% | 14% |
| Glenwood | 1 500 000 | 9% | 6% | -5% |
| Reservoir Hills | 1 357 500 | 7% | 9% | 8% |
| North Beach | 1 350 000 | 17% | -2% | 14% |
| Avoca | 1 197 000 | 6% | 0% | 15% |
| Chatsworth Central | 997 500 | -2% | 5% | -38% |
| Montclair | 872 500 | 19% | -3% | -7% |
| Newlands West | 865 000 | 1% | 2% | 11% |
| Newlands East | 732 500 | 12% | 1% | -14% |
| Kwamashu | 597 000 | 12% | -11% | -33% |
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*Property24 Listings Data Disclaimer: The trends detailed in this article are based on Property24 listings, current at the time of publishing, and property transfer data supplied by Deeds offices, which typically take 3-4 months to reflect. Suburbs are listed according to Property24's geographical database. In some areas this will include both commercial and residential properties. The age demographic data of buyers, sellers and stable owners is determined over a six-month period. These Property Values should not be used as a substitute for independent professional advice and is subject to Property24.com Terms and Conditions.
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