The price of a newly built property is £397k in South West region. The price increased by £37.1k (10%) over the last twelve months. The price of an established property is £361k. There were 928 sales of newly build properties. Most new properties were sold in the £300k-£400k price range with 326 (35.1%) properties sold, followed by £400k-£500k price range with 178 (19.2%) properties sold. Most new homes were sold in Gloucestershire, with 214 sold to date from March 2023 - February 2024.
| March 2023 - February 2024 | South West region | England & Wales |
|---|---|---|
| Average price of a new home | £397k | £431k |
Average price change | 10% £37.1k | 13% £50.0k |
March 2023 - February 2024
| New or established | Average price |
|---|---|
| █ A newly built property | £397k |
| █ An established property | £361k |
March 2023 - February 2024
shows the total volume of new homes sold a given county.
| County | Sales volume | Market share | |
|---|---|---|---|
| Bristol | 30 | 3.2% | |
| Cornwall | 100 | 10.8% | |
| Devon | 144 | 15.5% | |
| Dorset | 129 | 13.9% | |
| Gloucestershire | 214 | 23.1% | |
| Somerset | 190 | 20.5% | |
| Wiltshire | 121 | 13% | |
shows a sales volume of new homes in a given price range between March 2023 - February 2024. See also South West property sales reports.
| Property price range | Market share | Sales volume |
|---|---|---|
| █ £50k-£100k | 0.1% | 1 |
| █ £100k-£150k | 1.3% | 12 |
| █ £150k-£200k | 4.1% | 38 |
| █ £200k-£250k | 8.0% | 74 |
| █ £250k-£300k | 15.6% | 145 |
| █ £300k-£400k | 35.1% | 326 |
| █ £400k-£500k | 19.2% | 178 |
| █ £500k-£750k | 12.8% | 119 |
| █ £750k-£1M | 3.0% | 28 |
| █ over £1M | 0.8% | 7 |
March 2023 - February 2024
March 2023 - February 2024
Yearly average nominal house prices adjusted for inflation
Yearly average nominal prices
Yearly average nominal prices
Yearly average nominal prices
Total sales volumes by year
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