South West property prices

The average property price in South West region is £340k. The average price increased by £31.5k (10%) over the last twelve months. The price of an established property is £340k. The price of a newly built property is £340k. There were 81.0k property sales and sales increased by 8.5% (7.0k transactions). Most properties were sold in the £300k-£400k price range with 16784 (20.7%) properties sold, followed by £200k-£250k price range with 13529 (16.7%) properties sold.

December 2020 - November 2021

South West region

England and Wales

£340k

average property price

£344k

average property price

10%

average price percentage change

10%

average price percentage change

£31.5k

average price change

£30.9k

average price change

South West house prices map

This price map shows the average property price in a given county between December 2020 - November 2021. The most affordable place was 'Devon' with the average price of £310k. The most expensive place was 'Dorset', £384k.

South West house prices map

CountyAverage price % of South West avg. price (£340k)
Bristol£355k104%
Cornwall£332k98%
Devon£310k91%
Dorset£384k113%
Gloucestershire£349k102%
Somerset£347k102%
Wiltshire£320k94%

South West house prices compared to other regions

Comparison of the average property price and an average price percentage change by region. 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 region.

South West house prices compared to other regionsAverage price percentage change
Average property price

South West house price rank

With the average price of £340k, South West is the 4. most pricey region out of 10 England and Wales' regions.

South West house price rank

South West property sales share by price range

shows a number of properties sold in a given price range between December 2020 - November 2021.

South West property sales share by price range
Property price rangeMarket shareSales volumes
under £50k0.0%31
£50k-£100k1.9%1.6k
£100k-£150k6.6%5.4k
£150k-£200k13.9%11.3k
£200k-£250k16.7%13.5k
£250k-£300k15.6%12.6k
£300k-£400k20.7%16.8k
£400k-£500k10.7%8.7k
£500k-£750k9.7%7.8k
£750k-£1M2.6%2.1k
over £1M1.5%1.2k

South West cost comparison of new homes and older homes

December 2020 - November 2021

South West cost comparison of new homes and older homes

£340k

A newly built property

£340k

An established property

South West cost comparison of houses and flats

December 2020 - November 2021

South West cost comparison of houses and flats

£486k

Detached

£221k

Flat

£304k

Semi-Detached

£271k

Terraced

Plumplot area insights - interactive charts and maps

Plumplot area insights - interactive maps and charts

South West real house prices

Yearly average nominal house prices adjusted for inflation.

South West real house prices

South West house prices

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

South West house prices

South West house prices per square meter

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

South West house prices per square meter

South West house prices and nearby regions

Yearly average nominal prices

South West house prices and nearby regions

South West house prices by property type

Yearly average nominal prices

South West house prices by property type

South West house price to earnings ratio

The median property price to median earnings ratio in South West is 8.7. Ie. South West resident with middle-income needs 8.7 gross annual salaries to buy a medium-priced property. The England and Wales ratio was 7.69 in 2020.
South West house price to earnings ratio history

RegionMedian house price to median salary ratio in 2020
Wales5.8
East Midlands6.7
West Midlands6.8
England and Wales7.69
South West8.7
South East9.6
London12.5

Other reports for South West region

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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