Houses in Raynes Park cost about three quarters of a million pounds for a typical sale, and that is the middle of the range. Terraces go for well over it. Semis get close to a million. Flats are the only way in under half a million, and even they ask for most of it.
The Land Registry recorded 266 sales in the year to May 2026, with a median of about £746,500. Split by type, flats sold for a median of about £437,500, terraces £865,000 and semi-detached houses £950,000. Eleven detached houses changed hands at a median of £2,150,000, so the top of the market is a few big houses at a time, each one a fresh negotiation between two people who both think they are being reasonable. Terraces and flats made up most of the year's trade, with 108 and 102 sales.
Prices have eased a little. The house price index for the area shows the average down about 1% in the twelve months to May 2026, which is a rounding error on a house this price and nowhere near a correction. Flats did worse, down about 4% over the same year. The flat owner hoping to trade up to a terrace has watched the gap between the two get slightly wider, which is the wrong direction for that particular plan.
Council tax follows the money. Band E is the most common band, and only about 5% of homes fall in the two cheapest bands, A and B. Merton's band D bill is about £2,147 a year, and most homes here sit above band D, so that figure is the floor of the conversation for most buyers. The band is set per property and varies more than the street frontage suggests, so look the specific house up on the valuation list early, because two similar terraces can carry different bills for decades.
Renting is priced at borough level. The Office for National Statistics index puts typical private rent across Merton at about £2,100 a month as of April 2026, up about 2% on a year earlier. That is a mean for the whole borough, and by size it runs to about £1,580 for a one-bed, £1,950 for a two-bed, £2,320 for a three-bed and £3,170 for four bedrooms or more. The four-bed tenant is paying for a family house without being allowed to choose the kitchen.
Local incomes are high, and the prices are higher still. The Office for National Statistics models median household income across the area at about £98,000 gross, before tax, for the financial year to March 2023, so the figure is a few years old as well as pre-tax. Put that next to a typical sale of about three quarters of a million and the answer is clear enough. Buying here is a stretch even on a household income most of the country would call comfortable, and the people who manage it usually arrive with equity from a previous sale.
Measured by floor space, the median is about £7,650 a square metre, across a typical floor area of about 104 square metres. That covers the sales that could be matched to an energy certificate's floor area, about 76% of them, so the remaining quarter is missing from the sum. A hundred-odd square metres is a decent family house, and the price per square metre is what tells the buyer it was never going to be a cheap one.
The 2021 census bedroom mix explains why the medians climb so fast. About 14% of homes have one bedroom, 25% two, 30% three and 31% four or more. Nearly two homes in three have three bedrooms or more, so the local market is built around family houses and the stock of starter flats is thin.
House prices are where Raynes Park does worst. Buying here is a poor deal for anyone without a previous home to sell, and much easier for the buyer who has one.