West Midlands newly built property prices

The price of a newly built property is £278k in West Midlands region. The price increased by £11.1k (4%) over the last twelve months. The price of an established property is £223k. There were 4422 sales of newly build properties. Most new properties were sold in the £300k-£400k price range with 1020 (23.1%) properties sold, followed by £200k-£250k price range with 987 (22.3%) properties sold. Most new homes were sold in West Midlands, with 1344 sold to date from December 2019 - November 2020.

December 2019 - November 2020

West Midlands regionEngland and Wales

£278k

average price of a new property

£367k

average price of a new property

4%

average price percentage change

9%

average price percentage change

£11.1k

average price change

£29.2k

average price change

West Midlands cost comparison of new homes and older homes

December 2019 - November 2020

West Midlands cost comparison of new homes and older homes

£278k

A newly built property

£223k

An established property

West Midlands sales share of new homes and older homes

December 2019 - November 2020

West Midlands sales share of new homes and older homes

8.4%

A newly built property

4.4k

91.6%

An established property

48.0k

52.4k

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
Herefordshire1493.4%
Shropshire57813.1%
Staffordshire98522.3%
Warwickshire80218.1%
West Midlands1.3k30.4%
Worcestershire56412.8%

West Midlands new home sales share by price range

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

West Midlands new home sales share by price range

Property price rangeMarket shareSales volume
£50k-£100k2.6%113
£100k-£150k7.6%335
£150k-£200k14.7%649
£200k-£250k22.3%987
£250k-£300k18.8%833
£300k-£400k23.1%1.0k
£400k-£500k6.7%296
£500k-£750k3.8%170
£750k-£1M0.3%13
over £1M0.1%6

West Midlands cost comparison of new houses and new flats

December 2019 - November 2020

West Midlands cost comparison of new houses and new flats

£355k

Detached

£208k

Flat

£229k

Semi-Detached

£211k

Terraced

West Midlands sales share of new houses and new flats

December 2019 - November 2020

West Midlands sales share of new houses and new flats

43.8%

Detached

1.9k

18.6%

Flat

824

25.4%

Semi-Detached

1.1k

12.2%

Terraced

541

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

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 energy certificates

home features

energy costs

crime statistics

population statistics

salary and unemployment

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