Apartment Size | Dec | vs Last Month |
---|---|---|
Studio apartments | ZAR 4,778,364 | -9.5% |
1-bed apartments | ZAR 729,248 | -9.5% |
2-bed apartments | ZAR 1,095,546 | -3.4% |
3-bed apartments | ZAR 1,792,630 | -6.4% |
4+ bed apartments | ZAR 3,434,648 | -8.4% |
During Dec 2022, the average price for an apartment in/near Johannesburg, South Africa decreased by 9.5% to ZAR 2,149,050.
Knowing the current property prices is key if you plan to buy a studio in Johannesburg, South Africa. The average price for a studio has decreased since the last month, currently being ZAR 4,778,364. After collecting all data points, we now see that the average price for 1-bed apartment decreased by 9.5% to ZAR 729,248. Asking price for 2-bed apartment also decreased by 3.4% and a place of this size will now cost you ZAR 1,095,546. A 3-bed apartment goes for ZAR 1,792,630, it decreased by 6.4% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 8.4% and made it down to ZAR 3,434,648.
Listing Type | Dec | vs Last Month |
---|---|---|
Apartments for sale | ZAR 1,208,251 | -16.5% |
Houses for sale | ZAR 2,486,571 | -7.7% |
Land for sale | ZAR 2,683,980 | -21.5% |
Other for sale | ZAR 12,647,944 | +5.6% |
Townhouses for sale | ZAR 1,309,717 | -6.9% |
The average cost of an apartment in Johannesburg, South Africa decreased by 16.5% to ZAR 1,208,251. Price reports demonstrate that house price decreased by 7.7% this month making it up to ZAR 2,486,571. The property value of townhouses decreased by 6.9%, you’ll have to spend around ZAR 1,309,717 to get one. The average price of the land for sale in Johannesburg, South Africa has decreased by 21.5%, and now equals ZAR 2,683,980. The price for other types of properties for sale has changed since Nov, increased by 5.6%. Now, the price is ZAR 12,647,944 on average.