Apartment Size |
May | vs Last Month |
---|---|---|
1-bed apartments | ZAR 740,000 | N/A |
2-bed apartments | ZAR 1,262,500 | -1% |
3-bed apartments | ZAR 1,498,333 | -9.2% |
4+ bed apartments | ZAR 4,446,000 | -14.4% |
During May 2023, the average price for an apartment in/near Richards Bay, South Africa decreased by 34.4% to ZAR 2,554,400.
The average price of the land for sale in Richards Bay, South Africa has not changed significantly since last month, being ZAR 976,000. After collecting all data points, we now see that the average price for 1-bed apartment stands at ZAR 740,000 with no changes this month. Asking price for 2-bed apartment also decreased by 1% and a place of this size will now cost you ZAR 1,262,500. A 3-bed apartment goes for ZAR 1,498,333, it decreased by 9.2% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 14.4% and made it down to ZAR 4,446,000.
Listing Type |
May | vs Last Month |
---|---|---|
Townhouses for sale | ZAR 1,153,000 | -9.6% |
Houses for sale | ZAR 3,955,800 | -13.9% |
While assessing the property pricing Richards Bay, South Africa, you can note that it remains flat with a price tag of ZAR 1,650,000. Price reports demonstrate that house price decreased by 13.9% this month making it up to ZAR 3,955,800. The property value of townhouses decreased by 9.6%, you’ll have to spend around ZAR 1,153,000 to get one.