Medway, London - October 2026 Real Estate Report
Medway, London: The Market Is Moving, But Not How You Think
If you own a home in Medway and you haven't checked your property value lately, now is the time to pay attention. Prices are drifting down slightly, homes are selling fast, and the gap between what the city thinks your place is worth and what the market actually says is wider than ever. Here is the real picture.
The Vibe: Houses vs. Condos in Medway
Let's start with houses. The average sale price is sitting at $477,000, and listings are coming in around $499,900. Buyers are landing deals at about 95 cents on the dollar - so there is room to negotiate, but not a ton of it. The standout stat here is days on market: 9 days. That is genuinely fast. Out of all comparable neighbourhoods in London, Medway ranks 2nd for speed of sale. If your house is priced right, it is not sitting around.
The HonestDoor Price for houses is $667,226, down about 1.09% from the previous period. The predicted market value is $674,545, which is also ticking down from the 3-month moving average of $683,679. We are not in freefall - this is a market taking a breather. But the direction is worth watching.
- Average sale price (houses): $477,000
- Average list price: $499,900
- Sale-to-list ratio: 95.42%
- Average days on market: 9 days
- Price per square foot: $681
- Estimated monthly rent: $3,127
- Rental yield: 5.34%
- Growth rank: 34 out of 41 neighbourhoods in London
- Speed-of-sale rank: 2 out of 12 in London
- Price rank: 7 out of 20 in London
Now for condos. The HonestDoor Price is $381,428, down 1.67% from the previous period. The predicted market value is $387,908, slightly below the 3-month moving average of $390,712. Every nearby neighbourhood - Hyde-Park, Masonville, West-London - is priced higher for condos than we are in Medway. That makes us one of the more affordable entry points in this part of the city.
The condo rental yield is 4.04%, which is moderate but real. Estimated rent is $1,971 per month. On the growth leaderboard, Medway condos rank 14 out of 38 London neighbourhoods - that puts us solidly above average, which is a better story than the house side of things.
- HonestDoor Price (condos): $381,428
- Predicted market value: $387,908
- Estimated monthly rent: $1,971
- Rental yield: 4.04%
- Growth rank: 14 out of 38 neighbourhoods in London
- Nearby comparison: Masonville condos predicted at $407,183
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here is the thing about government assessments - they are snapshots from the past. By the time the city mails you that number, the market has already moved on. The HonestDoor Price is updated in real time, pulling from actual sales data and current market signals. Right now, that difference matters.
For houses in Medway, the HonestDoor Price is $667,226. For condos, it is $381,428. These numbers reflect what is happening on the ground today - not what a bureaucrat calculated 12 to 18 months ago. If you are making any financial decision tied to your home's value - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number you should be looking at first.
Values are down slightly right now. That means if your tax assessment was set during a higher-price period, you could actually be paying property tax on an inflated number. Worth knowing.
The So What: Should You Sell in Medway This Summer?
Honest answer - it depends on your situation, but here is what the data tells us.
The good news: houses in Medway sell in 9 days on average. That is one of the fastest turnaround times in all of London. Demand is there. Buyers are showing up. If you price your home correctly, you are not going to be sitting with a stale listing through August.
The caution: values have slipped about 0.83% recently, and the 3-month trend is pointing down. Medway sits at 34 out of 41 on the growth leaderboard for houses. That is not a crisis, but it does mean the neighbourhood is not leading the pack right now. Waiting for a big price rebound this summer is probably not the play.
If you are a condo owner, the picture is a bit brighter on the growth side - 14 out of 38 is above average. But transaction data for condos in Medway is thin right now, so read that with some caution.
Bottom line: if you need to sell, the conditions are workable. Homes move fast here. Price it sharp, use your HonestDoor Price as your anchor, and do not chase a number from last year's assessment. That is how you leave money on the table.
medway | london | october 2026This 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.