The housing market was more active from July to September than it had been at any point since 2023, new figures have shown – and properties have started costing more again, after several years of prices dropping.

The House Price Index, which is released every quarter, charts how the prices of houses and flats evolve.

Prices have been on a downward slope since prices peaked in the third quarter of 2022 – when a three-bedroom house cost an average of £904,000.

Buyers have still had to shell out, though: three-bedroom houses have remained above £700,000 since the start of 2021.

The picture is similar across properties of different sizes: one-bedroom flats have cost, on average, more than £300,000 since Q2 of 2021.

The new figures, released today by Statistics Jersey, show how what looked like a downward slope appears to either be evening out or even rising slightly – and how more properties are being bought and sold.

An increase in house sales

There have been 732 home sales since the start of the year – a number that already beats the total number of sales for 2024.

A total of 287 properties were sold during the last quarter.

There hadn’t been this many sales in a single quarter since 2023, Statistics Jersey said.

One-bedroom flats

The mean price for one-bedroom flats was £325,000 between July and September, and the highest proportion of sales were between £320,000 and £360,000.

Slightly more one-bedroom flats were sold for £400,000 than the number sold for £200,000 or less.

This is an increase of £15,000 – between April and June, that figure was £315,000.

Two-bedroom flats

The mean price for two-bedroom flats was £523,000 in the third quarter of 2025, a £9,000 increase since the last quarter.

But there was an increase in the number of two-bedroom flats sold that cost £350,000 or less – and more than 5% of two-bedroom flats were sold for more than £800,000.

Two-bedroom houses

Two-bedroom houses cost, on average, £565,000 – a £21,000 increase from the last quarter.

Three-bedroom houses

The average price for a three-bedroom house was £763,000 – compared to £710,000 in the spring.

More than 20% of those sold went for prices between £650,001 and £720,000. Almost 15% of them cost £1 million or more.

Four-bedroom houses

Four-bedroom houses cost a mean price of £1,280,000.

This figure had risen by £128,000 since the previous quarter.

IN FULL…

The full House Price Index report is published on the Statistics Jersey website.