Medway, London - August 2026 Real Estate Report

Medway, London Real Estate: What Your Neighbours Are Not Telling You

If you own a home in Medway and you have not checked your property value lately, now is the time to pay attention. The market here is doing two very different things depending on whether you own a house or a condo - and the gap matters for your wallet.

The Vibe: Houses vs. Condos in Medway

Let us start with houses, because the numbers are interesting. The one house that sold recently went for $1,440,000, and listings are sitting at $1,499,999 on average. Buyers are paying about 96 cents on the dollar, so there is room to negotiate. Properties are taking around 30 days to move. That is not a fire sale, but it is not a frenzy either. We are in a stable buyers market right now.

• Average house sale price: $1,440,000
• Average list price: $1,499,999
• Price per square foot: $462
• Sale-to-list ratio: 96%
• Average days on market: 30
• Rental yield on houses: 5.30% - that is a strong return
• Estimated monthly rent: $3,205

On the house side, Medway ranks 1 out of 19 for price in London. That means we are sitting at the top of the price leaderboard. Growth rate comes in at 15 out of 40 - above average, but not leading the pack. Days on market ranks 8 out of 12, which tells us houses here take a bit longer to sell than in other parts of the city.

Now for condos. This is where we need to be honest with each other. Condo values in Medway are drifting. The HonestDoor Price for condos is sitting at $390,894, down 0.62% from last period. The 3-month trend is also pointing slightly downward, with a predicted value of $393,335 against a moving average of $393,887. Values have shifted by -1.37% recently. On the neighbourhood growth leaderboard, Medway condos rank 27 out of 39 in London. That puts us in below-average territory for condo growth right now.

• Average condo HonestDoor Price: $390,894 (down 0.62%)
• Predicted condo value: $393,335
• Estimated monthly rent: $1,984
• Rental yield on condos: 4.03% - moderate
• Growth rank: 27 out of 39 in London

Every nearby neighbourhood - Hyde-Park, Masonville, and West-London - is pricing condos higher than Medway right now. That is worth knowing if you are thinking about buying or selling.

The Secret Sauce: Why Your HonestDoor Price Beats Your Tax Assessment

Here is the thing about your city assessment. It is a snapshot from the past. By the time it lands in your mailbox, the market has already moved. The HonestDoor Price is updated in real time, pulling from actual sales data and current market signals. For Medway houses, the HonestDoor Price is tracking at $680,182. For condos, it is $390,894. These numbers reflect what is happening right now - not what happened 12 or 18 months ago when the city last looked.

If you are a house owner in Medway, your HonestDoor Price is your real-world check. It tells you where you actually stand before you call an agent, before you list, and before you make any financial decisions based on a government number that is already out of date.

The So What: Should You Sell This Summer?

If you own a house in Medway, the case for selling this summer is real but comes with a caveat. Prices are high - top of the London leaderboard - but buyers are negotiating. You will likely land around 96% of your asking price, so pricing it right from day one matters more than ever. At 30 days on market, you are not going to get a bidding war overnight. Go in with realistic expectations and a sharp list price.

If you own a condo, the honest answer is that the market is taking a breather. Values are slipping slightly and growth is below average compared to the rest of London. That does not mean you cannot sell - a 4.03% rental yield still makes Medway condos attractive to investors. But if you can wait, watching the next few months of data makes sense before pulling the trigger.

Either way, the first move is the same. Check your HonestDoor Price at HonestDoor.com and get a current read on where your property actually stands. Do not let a stale assessment be the number you base a six-figure decision on.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.