A typical home in Greenwich sells for about £515,000, and most of what sells is a flat. Flats go for well under half a million. Terraced houses cost close to double that. Semis barely come up at all. The median looks reasonable for this stretch of the Thames because the flats keep pulling it down.
The Land Registry recorded 358 sales in the year to May 2026, at a median of about £515,000. The 249 flats that sold went for about £435,000, and the 98 terraced houses for about £800,000. Only nine semi-detached houses changed hands, at a median of about £850,000. Anyone set on a Greenwich semi is waiting for a sighting, like a birdwatcher.
The government's house price index had the area's average price up 0.1% in the twelve months to May 2026, which is as close to standing still as a market gets. Flats on their own were down about 2% over the same period. For a buyer after a one- or two-bed, that small drop is a little room to negotiate on the most common kind of home here.
Band C is the most common council tax band, and about a quarter of homes are in bands A or B. The Royal Borough of Greenwich charges about £2,108 a year at band D, the figure most people can hold up against their current bill.
Renters pay the Royal Borough of Greenwich's going rate, which the Office for National Statistics puts at about £1,950 a month as of April 2026, up about 4% on a year earlier. That is a mean across the whole borough, not a median of what is advertised on the riverside. By size, it comes to about £1,530 for a one-bed, £1,890 for a two-bed, £2,190 for a three-bed and £2,940 for four bedrooms or more. With about six in ten households renting, plenty of people know those numbers well.
The Office for National Statistics models average household income here at about £85,000 a year before tax, for the financial year to March 2023. That is an old and modelled figure, but it shows a well-paid area. On that income a flat at the median is within reach with a decent deposit. A terraced house at about £800,000 is a stretch even on a salary most of the country would envy, and that gap explains why the people in the terraces are mostly not the people in the flats.
For the sales that can be matched to an energy certificate's floor area, about 38% of them, the median price was about £8,400 per square metre over the same year, and the typical floor area behind it was about 91 square metres. Since almost four in five homes here are flats, ask for the lease length and the service charge on any flat you look at. The price per square metre only tells you what you pay at the start.
At the 2021 Census, about 42% of homes had two bedrooms, 27% one, 22% three and 9% four or more. Two bedrooms is the standard size here, and the four-bed family house is about as common as a free parking space by the Cutty Sark.
Greenwich costs about what a buyer would expect for inner south-east London. It is no bargain and no outlier. Flats are within reach for good salaries, and the houses are where the premium sits.