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.
South West region | England and Wales |
|---|---|
£340kaverage property price | £344kaverage property price |
10%average price percentage change | 10%average price percentage change |
£31.5kaverage price change | £30.9kaverage price change |
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.
| County | Average price | % of South West avg. price (£340k) | |
|---|---|---|---|
| Bristol | £355k | 104% | |
| Cornwall | £332k | 98% | |
| Devon | £310k | 91% | |
| Dorset | £384k | 113% | |
| Gloucestershire | £349k | 102% | |
| Somerset | £347k | 102% | |
| Wiltshire | £320k | 94% | |
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.
Average price percentage changeWith the average price of £340k, South West is the 4. most pricey region out of 10 England and Wales' regions.
shows a number of properties sold in a given price range between December 2020 - November 2021.
| Property price range | Market share | Sales volumes |
|---|---|---|
| █ under £50k | 0.0% | 31 |
| █ £50k-£100k | 1.9% | 1.6k |
| █ £100k-£150k | 6.6% | 5.4k |
| █ £150k-£200k | 13.9% | 11.3k |
| █ £200k-£250k | 16.7% | 13.5k |
| █ £250k-£300k | 15.6% | 12.6k |
| █ £300k-£400k | 20.7% | 16.8k |
| █ £400k-£500k | 10.7% | 8.7k |
| █ £500k-£750k | 9.7% | 7.8k |
| █ £750k-£1M | 2.6% | 2.1k |
| █ over £1M | 1.5% | 1.2k |
December 2020 - November 2021
December 2020 - November 2021
Yearly average nominal house prices adjusted for inflation.
Yearly average nominal prices compared to England & Wales' house prices
Yearly average nominal price per square meter compared to England & Wales' house prices
Yearly average nominal prices
Yearly average nominal prices
| Region | Median house price to median salary ratio in 2020 |
|---|---|
| Wales | 5.8 |
| East Midlands | 6.7 |
| West Midlands | 6.8 |
| England and Wales | 7.69 |
| South West | 8.7 |
| South East | 9.6 |
| London | 12.5 |