South West property prices

The average property price in South West region is £331k, the median price is £275k. The average price declined by £-9.6k (-3%) over the last twelve months. The price of an established property is £331k. The price of a newly built property is £316k. There were 68.4k property sales and sales dropped by 23.7% (-26.4k transactions). Most properties were sold in the £300k-£400k price range with 13358 (19.5%) properties sold, followed by £200k-£250k price range with 12327 (18.0%) properties sold.

July 2021 - June 2022

PriceSouth West regionEngland & Wales
average£331k£326k
median£275k£245k

South West house prices map

This price map shows the average property price in a given county between July 2021 - June 2022. The most affordable place was 'Devon' with the average price of £300k. The most expensive place was 'Dorset', £372k.

South West house prices map

CountyAverage price % of South West avg. price (£331k)
Bristol£354k107%
Cornwall£326k98%
Devon£300k91%
Dorset£372k112%
Gloucestershire£338k102%
Somerset£336k101%
Wiltshire£316k95%

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 July 2021 - June 2022 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 £331k, 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 July 2021 - June 2022.

South West property sales share by price range
Property price rangeMarket shareSales volumes
under £50k0.1%50
£50k-£100k2.4%1.7k
£100k-£150k7.8%5.3k
£150k-£200k14.4%9.8k
£200k-£250k18.0%12.3k
£250k-£300k15.9%10.9k
£300k-£400k19.5%13.4k
£400k-£500k9.3%6.4k
£500k-£750k8.3%5.7k
£750k-£1M2.5%1.7k
over £1M1.7%1.2k

South West cost comparison of new homes and older homes

July 2021 - June 2022

South West cost comparison of new homes and older homes
Property typeAverage price
A newly built property£316k
An established property£331k

South West cost comparison of houses and flats

July 2021 - June 2022

South West cost comparison of houses and flats
Property typeAverage price
Detached£516k
Flat£206k
Semi-Detached£311k
Terraced£274k

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 metre

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

South West house prices per square metre

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 2021.
South West house price to earnings ratio history
RegionMedian house price to median salary ratio in 2021
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 metre

new home prices

property transactions

population statistics

crime statistics

energy costs

home features

home energy certificates

salary and unemployment

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