Somerset property prices

The average property price in Somerset county is £302k. The average price increased by £4.7k (2%) over the last twelve months. The price of an established property is £301k. The price of a newly built property is £312k. There were 10.3k property sales and sales dropped by 30.6% (-5.2k transactions). Most properties were sold in the £200k-£250k price range with 1933 (18.8%) properties sold, followed by £150k-£200k price range with 1902 (18.5%) properties sold.

December 2019 - November 2020

Somerset county

England and Wales

£302k

average property price

£308k

average property price

2%

average price percentage change

4%

average price percentage change

£4.7k

average price change

£12.9k

average price change

Somerset house prices map

This price map shows the average property price in a given postcode sector between December 2019 - November 2020. The most affordable place was 'BA20 1' with the average price of £146k. The most expensive place was 'BA2 6', £787k.

Somerset house prices map

Somerset house prices compared to other counties

Comparison of the average property price and an average price percentage change by county. Price % change compares the average property price between December 2019 - November 2020 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 county.

Somerset house prices compared to other countiesAverage price percentage change
Average property price

Somerset house price rank

With the average price of £302k, Somerset is the 18. most pricey county out of 55 England and Wales' counties.

Somerset house price rank

Somerset property sales share by price range

shows a number of properties sold in a given price range between December 2019 - November 2020.

Somerset property sales share by price range
Property price rangeMarket shareSales volumes
under £50k0.0%5
£50k-£100k2.6%265
£100k-£150k9.2%943
£150k-£200k18.5%1.9k
£200k-£250k18.8%1.9k
£250k-£300k15.5%1.6k
£300k-£400k17.6%1.8k
£400k-£500k8.3%848
£500k-£750k6.7%688
£750k-£1M1.7%171
over £1M1.1%116

Somerset cost comparison of new homes and older homes

December 2019 - November 2020

Somerset cost comparison of new homes and older homes

£312k

A newly built property

£301k

An established property

Somerset cost comparison of houses and flats

December 2019 - November 2020

Somerset cost comparison of houses and flats

£425k

Detached

£194k

Flat

£274k

Semi-Detached

£250k

Terraced

Somerset real house prices

Yearly average nominal house prices adjusted for inflation.

Somerset real house prices

Somerset house prices compared to England & Wales' house prices

Yearly average nominal prices

Somerset house prices

Somerset house prices per square meter

Yearly average nominal prices per square meter.

Average price per square meter

Somerset house prices and nearby counties

Yearly average nominal prices

Somerset house prices and nearby counties

Somerset house prices new vs established

Yearly average nominal prices. Graphs shows a difference between house prices of newly built properties and house prices of established residential properties.

Somerset house prices new vs established

Somerset house prices by property type

Yearly average nominal prices

Somerset house prices by property type

Somerset house price to earnings ratio

The median property price to median earnings ratio is ranging between 7.5 in South Somerset and 10 in Bath and North East Somerset. Ie. South Somerset resident with middle-income needs 7.5 gross annual salaries to buy a medium-priced property. Resident in Bath and North East Somerset needs 10 annual salaries. The England and Wales ratio was 7.7 in 2019.
Somerset house price to earnings ratio history

Local authorityMedian house price to median salary ratio in 2019
South Somerset7.5
England and Wales7.7
Sedgemoor7.8
Somerset West and Taunton7.8
North Somerset8.4
Mendip9
Bath and North East Somerset10

Other reports for Somerset county

new home prices

property transactions

home energy certificates

home features

energy costs

crime statistics

population statistics

salary and unemployment

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