House prices in Jersey fell by 5% in the year to end of March.
One bedroom flats sold for an average £310,000, and two bedroom flats for an averaged £506,000 in the first quarter of this year
In contrast, mean values of four and two bedroom homes were down 15%. There was little change for three bedroom houses.
Statistics Jersey, which compiles the House Price Index every three months, says the turnover of 2-bed houses was lower in Q1 2026, so the average is 'more sensitive to values at either end of the distribution'.
It also explains that there was a change in the composition of the 4 bed houses that changed hands at the beginning of this year, with a higher proportion sold for less than £750,000 which has pushed down the average price.
The House Price Index is 18% below its 2022 peak
The number of properties changing hands so far this year is down 10% on the last three months of 2025.
The full report is available here
Mean prices by size in Q1 2026 compared with the previous quarter:
- 1 bedroom flat - £310,000, up £11,000
- 2 bedroom flat - £506,000, up £10,000
- 2 bedroom house - £471,000, down £81,000
- 3 bedroom house - £736,000, up £4,000
- 4 bedroom house - £1,010,000, down £176,000
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