Apartment Size |
May | vs Last Month |
---|---|---|
Studio apartments | ZAR 1,196,633 | -82.5% |
1-bed apartments | ZAR 753,741 | -6.4% |
2-bed apartments | ZAR 1,081,680 | +4.9% |
3-bed apartments | ZAR 1,946,077 | +11.9% |
4+ bed apartments | ZAR 8,109,167 | +3.2% |
During May 2023, the average price for an apartment in/near Midrand, South Africa decreased by 18.3% to ZAR 2,696,109.
Knowing the current property prices is key if you plan to buy a studio in Midrand, South Africa. The average price for a studio has decreased since the last month, currently being ZAR 1,196,633. After collecting all data points, we now see that the average price for 1-bed apartment decreased by 6.4% to ZAR 753,741. Asking price for 2-bed apartment also increased by 4.9% and a place of this size will now cost you ZAR 1,081,680. A 3-bed apartment goes for ZAR 1,946,077, it increased by 11.9% lately. We discerned the rise of 4- and more bed apartment price. It increased by 3.2% and made it up to ZAR 8,109,167.
Listing Type |
May | vs Last Month |
---|---|---|
Townhouses for sale | ZAR 1,417,325 | -2.9% |
Houses for sale | ZAR 4,933,660 | +1.2% |
Apartments for sale | ZAR 1,144,372 | +10.3% |
The average cost of an apartment in Midrand, South Africa rised by 10.3% to ZAR 1,144,372. Price reports demonstrate that house price increased by 1.2% this month making it up to ZAR 4,933,660. The property value of townhouses decreased by 2.9%, you’ll have to spend around ZAR 1,417,325 to get one.