Medway, London - July 2026 Real Estate Report

Medway, London: Your Neighbour Already Knows This. Do You?

If you own a home in Medway and you're still relying on your last city assessment to know what your place is worth, you're working with old information. The market has moved. Here's the real picture, broken down for houses and condos separately, because they are telling two very different stories right now.

The Vibe: Houses vs. Condos in Medway

Let's start with houses. The average HonestDoor Price for a house in Medway sits at $696,314, up a modest 0.14% from the previous period. That's not a headline number, but steady is not nothing. The predicted market value is $695,321, which is creeping up against a 3-month moving average of $692,000. The direction is positive, even if the pace is slow.

On the sales side, the one house that sold this month went for $1,440,000, against a list price of $1,499,999. That's a 96% sale-to-list ratio, meaning buyers are negotiating and getting results. If you're a buyer, that's your leverage. If you're a seller, you need to price sharp from day one. Properties are sitting for an average of 30 days, which tells us we are not in a frenzy - this is a measured, stable buyers' market.

For condos, the story has a different edge. The average HonestDoor Price is $393,308, which has dipped 1.37% from the previous period. That sounds like a red flag, but here's the flip side: the predicted market value is $398,783, which is actually climbing above the 3-month moving average of $390,833. Values have moved 2.38% recently, and that growth rate ranks Medway condos 5th out of 39 comparable neighbourhoods in London. That is a top-performer ranking. We are near the top of the London condo leaderboard on growth, even while the headline HonestDoor Price took a small dip.

• House HonestDoor Price: $696,314 (up 0.14%)
• House predicted market value: $695,321 - rising vs. 3-month average of $692,000
• House price per square foot: $462
• House rental estimate: $3,205/month - rental yield: 5.30%
• House days on market: 30 days
• House sale-to-list ratio: 96%
• House growth rank: 28 out of 42 in London
• House price rank: 1 out of 18 in London - among the most expensive
• Condo HonestDoor Price: $393,308 (down 1.37%)
• Condo predicted market value: $398,783 - rising vs. 3-month average of $390,833
• Condo rental estimate: $1,998/month - rental yield: 4.02%
• Condo growth rank: 5 out of 39 in London - top performer

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Here is the thing about city assessments - they are snapshots from the past. By the time that number lands in your mailbox, the market has already moved on. The HonestDoor Price is updated in real time, pulling in current sales data, neighbourhood trends, and comparable properties. It is the difference between knowing what your house was worth and knowing what it is worth today.

For Medway house owners, your HonestDoor Price of $696,314 reflects a market that is holding its ground and ticking upward. For condo owners, even with a small recent dip in the HonestDoor Price, the predicted value and the growth rank tell a more optimistic story. A static government assessment will not show you that nuance. It will just show you a number that may be months or even years out of date.

Checking your HonestDoor Price right now is not just a curiosity exercise. It is the real-world check that tells you whether your equity has grown, whether your rental yield makes sense, and whether now is the right time to make a move.

The So What: Thinking About Selling This Summer?

For house sellers, Medway carries serious weight on the London price leaderboard - ranked 1st out of 18 neighbourhoods on price. That is a strong position. But the 96% sale-to-list ratio and 30-day average days on market tell you that buyers are not rushing. They are comparing, negotiating, and walking away from overpriced listings. Price it right and you will sell. Price it with wishful thinking and you will be relisting in August.

For condo sellers, the growth rank of 5th out of 39 is genuinely good news. Medway condos are outperforming most of London on recent value growth. If you have been sitting on a condo and wondering whether to wait, the data suggests the momentum is with you right now - not against you.

The rental numbers also give sellers a useful benchmark. A house here can pull $3,205 a month in estimated rent at a 5.30% yield. A condo sits at $1,998 a month at 4.02%. If selling is not the plan, those are solid hold numbers. But if summer is your window, the market is open - just go in with your eyes open and your price grounded in today's data, not last year's assessment.

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.