West Midlands newly built property prices

The price of a newly built property is £272k in West Midlands region. The price increased by £12.4k (5%) over the last twelve months. The price of an established property is £218k. There were 9840 sales of newly build properties. Most new properties were sold in the £200k-£250k price range with 2057 (20.9%) properties sold, followed by £300k-£400k price range with 1949 (19.8%) properties sold. Most new homes were sold in West Midlands, with 2593 sold to date from March 2019 - February 2020.

West Midlands

region
March 2019 - February 2020

£272k

average price of a new property

5%

average price percentage change

£12.4k

average price change

England + Wales

March 2019 - February 2020

£339k

avg. price of a new property

-1%

average price percentage change

£-1.9k

average price change

West Midlands cost comparison of new homes and older homes

March 2019 - February 2020

West Midlands cost comparison of new homes and older homes

£272k

A newly built property

£218k

An established property

West Midlands sales share of new homes and older homes

March 2019 - February 2020

West Midlands sales share of new homes and older homes

12.2%

A newly built property

9.8k

87.8%

An established property

71.1k

80.9k

total sales volume

West Midlands map of sales of new properties

shows the total volume of new homes sold a given county.

West Midlands map of sales of new properties
CountySales volumeMarket share
Herefordshire3353.4%
Shropshire1.3k13.5%
Staffordshire2.5k25.1%
Warwickshire1.8k18.3%
West Midlands2.6k26.4%
Worcestershire1.3k13.3%

West Midlands new home sales share by price range

shows a sales volume of new homes in a given price range between March 2019 - February 2020. See also West Midlands property sales reports.

West Midlands new home sales share by price range
Property price rangeMarket shareSales volume
under £50k0.0%1
£50k-£100k2.7%268
£100k-£150k8.2%810
£150k-£200k18.9%1.9k
£200k-£250k20.9%2.1k
£250k-£300k17.6%1.7k
£300k-£400k19.8%1.9k
£400k-£500k7.4%727
£500k-£750k4.0%398
£750k-£1M0.3%33
over £1M0.1%9

West Midlands cost comparison of new houses and new flats

March 2019 - February 2020

West Midlands cost comparison of new houses and new flats

£356k

Detached

£198k

Flat

£219k

Semi-Detached

£206k

Terraced

West Midlands sales share of new houses and new flats

March 2019 - February 2020

West Midlands sales share of new houses and new flats

43.1%

Detached

4.2k

18.0%

Flat

1.8k

26.1%

Semi-Detached

2.6k

12.8%

Terraced

1.3k

West Midlands real new home prices

Yearly average nominal house prices adjusted for inflation

West Midlands real new home prices

West Midlands new home prices compared to England & Wales' new home prices

Yearly average nominal prices

West Midlands new home prices

compared to England & Wales' prices

Yearly average nominal prices per square meter of new homes.

Average price per square meter

West Midlands new home prices and nearby regions

Yearly average nominal prices

West Midlands new home prices and nearby regions

West Midlands house prices new vs established

Yearly average nominal prices

West Midlands house prices new vs established

West Midlands annual sales of new homes and older homes

Total sales volumes by year

West Midlands annual sales of new homes and older homes

Other reports for West Midlands region

house prices

property transactions

home features

population statistics

home energy certificates

crime statistics

energy costs

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