Somerset property prices

The average property price in Somerset county is £347k. The average price increased by £37.3k (12%) over the last twelve months. The price of an established property is £347k. The price of a newly built property is £346k. There were 13.9k property sales and sales increased by 9.1% (1.3k transactions). Most properties were sold in the £300k-£400k price range with 2812 (20.3%) properties sold, followed by £200k-£250k price range with 2448 (17.6%) properties sold.

December 2020 - November 2021

Somerset county

England and Wales

£347k

average property price

£344k

average property price

12%

average price percentage change

10%

average price percentage change

£37.3k

average price change

£30.9k

average price change

Somerset house prices map

This price map shows the average property price in a given postcode sector between December 2020 - November 2021. The most affordable place was 'TA6 5' with the average price of £171k. The most expensive place was 'BA2 6', £789k.

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 2020 - November 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 county.

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

Somerset house price rank

With the average price of £347k, Somerset is the 16. 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 2020 - November 2021.

Somerset property sales share by price range
Property price rangeMarket shareSales volumes
under £50k0.0%3
£50k-£100k1.9%264
£100k-£150k6.4%883
£150k-£200k13.6%1.9k
£200k-£250k17.6%2.4k
£250k-£300k14.7%2.0k
£300k-£400k20.3%2.8k
£400k-£500k10.8%1.5k
£500k-£750k10.3%1.4k
£750k-£1M2.6%365
over £1M1.8%247

Somerset cost comparison of new homes and older homes

December 2020 - November 2021

Somerset cost comparison of new homes and older homes

£346k

A newly built property

£347k

An established property

Somerset cost comparison of houses and flats

December 2020 - November 2021

Somerset cost comparison of houses and flats

£484k

Detached

£217k

Flat

£306k

Semi-Detached

£282k

Terraced

Plumplot area insights - interactive charts and maps

Plumplot area insights - interactive maps and charts

Somerset real house prices

Yearly average nominal house prices adjusted for inflation.

Somerset real house prices

Somerset house prices

Yearly average nominal prices compared to England & Wales' house prices

Somerset house prices

Somerset house prices per square meter

Yearly average nominal price per square meter compared to England & Wales' house prices

Somerset house prices per square meter

Somerset house prices and nearby counties

Yearly average nominal prices

Somerset house prices and nearby counties

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 7.7 in North Somerset and 10.7 in Bath and North East Somerset. Ie. North Somerset resident with middle-income needs 7.7 gross annual salaries to buy a medium-priced property. Resident in Bath and North East Somerset needs 10.7 annual salaries. The England and Wales ratio was 7.69 in 2020.
Somerset house price to earnings ratio history

Local authorityMedian house price to median salary ratio in 2020
England and Wales7.69
North Somerset7.7
South Somerset7.7
Sedgemoor8
Somerset West and Taunton8
Mendip9
Bath and North East Somerset10.7

Other reports for Somerset county

house prices per square meter

new home prices

property transactions

home features

energy costs

population statistics

salary and unemployment

home energy certificates

crime statistics

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