The average cost of a home in Jersey has fallen by 5% over the past 12 months, according to new figures.

Statistics Jersey today published the latest House Price Index, which measures the average cost of dwellings in Jersey by combining the average price of one- and two-bedroom flats together with two-, three- and four-bedroom houses.

The report highlights that the index remains 18% below its peak, which was recorded in the third quarter of 2022.

Pictured: The housing market peaked in 2022. (Statistics Jersey)

Some stark differences between the price rises/falls in different categories are evident in the figures, which Statistics Jersey explained as being down to relatively low turnovers in some categories.

Two-bedroom houses fell from a mean price of £552,000 in the final quarter of 2025 to £471,000 in the first quarter of this year, while there was a corresponding fall for four-bedroom houses from £1,186,000 to £1,010,000 – the latter drop was attributed to there being a high proportion of sales below £750,000.

The other three categories were steadier:

  • One-bedroom flats increasing from £299,000 to £310,000.
  • Two-bedroom flats rising from £496,000 to £506,000.
  • Three-bedroom houses up by £4,000 from the Q4 2025 figure of £732,000.
Pictured: While flats and three-bedroom houses saw slight rises, according to the latest figures, two-bedroom and four-bedroom houses fell sharply. (Statistics Jersey)

Advertised private sector rental prices were broadly unchanged on a rolling four‑quarter basis compared with the previous quarter, while the turnover of properties over the first three months of 2026 was 214 – a slight drop from the Q1 2025 figure, which was 217.