The average property price in Birmingham postcode area is £246k. The average price increased by £14.6k (6%) over the last twelve months. The price of an established property is £245k. The price of a newly built property is £277k. There were 15.9k property sales and sales dropped by 35.8% (-9.9k transactions). Most properties were sold in the £150k-£200k price range with 3801 (23.9%) properties sold, followed by £100k-£150k price range with 3117 (19.6%) properties sold.
Birmingham postcode area | England and Wales |
|---|---|
£246kaverage property price | £320kaverage property price |
6%average price percentage change | 8%average price percentage change |
£14.6kaverage price change | £22.6kaverage price change |
This price map shows the average property price in a given postcode sector between March 2020 - February 2021. The most affordable place was 'B6 5' with the average price of £85.7k. The most expensive place was 'B94 5', £786k.
Comparison of the average property price and an average price percentage change by postcode area. Price % change compares the average property price between March 2020 - February 2021 to the average price in the previous 12 months. The size of the circle shows the number of property transactions. The bigger the circle the higher the sales volumes in postcode area.
Average price percentage changeWith the average price of £246k, Birmingham is the 41. cheapest postcode area out of 105 England and Wales' postcode areas.
shows a number of properties sold in a given price range between March 2020 - February 2021.
| Property price range | Market share | Sales volumes |
|---|---|---|
| █ under £50k | 0.4% | 58 |
| █ £50k-£100k | 5.8% | 917 |
| █ £100k-£150k | 19.6% | 3.1k |
| █ £150k-£200k | 23.9% | 3.8k |
| █ £200k-£250k | 16.6% | 2.6k |
| █ £250k-£300k | 11.2% | 1.8k |
| █ £300k-£400k | 11.7% | 1.9k |
| █ £400k-£500k | 5.0% | 801 |
| █ £500k-£750k | 4.2% | 668 |
| █ £750k-£1M | 1.0% | 162 |
| █ over £1M | 0.6% | 98 |
March 2020 - February 2021
March 2020 - February 2021
Yearly average nominal house prices adjusted for inflation.
Yearly average nominal prices
Yearly average nominal prices per square meter.
Yearly average nominal prices
Yearly average nominal prices. Graphs shows a difference between house prices of newly built properties and house prices of established residential properties.
Yearly average nominal prices
| Local authority | Median house price to median salary ratio in 2019 |
|---|---|
| Sandwell | 6.1 |
| North Warwickshire | 6.4 |
| Birmingham | 6.6 |
| Tamworth | 7.3 |
| England and Wales | 7.7 |
| Solihull | 8.1 |
| Bromsgrove | 8.3 |
| Redditch | 8.3 |