Birmingham property prices

The average property price in Birmingham postcode area is £246k. The average price increased by £14.6k (6%) over the last twelve months. The price of an established property is £245k. The price of a newly built property is £277k. There were 15.9k property sales and sales dropped by 35.8% (-9.9k transactions). Most properties were sold in the £150k-£200k price range with 3801 (23.9%) properties sold, followed by £100k-£150k price range with 3117 (19.6%) properties sold.

March 2020 - February 2021

Birmingham postcode area

England and Wales

£246k

average property price

£320k

average property price

6%

average price percentage change

8%

average price percentage change

£14.6k

average price change

£22.6k

average price change

Birmingham house prices map

This price map shows the average property price in a given postcode sector between March 2020 - February 2021. The most affordable place was 'B6 5' with the average price of £85.7k. The most expensive place was 'B94 5', £786k.

Birmingham house prices map

Birmingham house prices compared to other areas

Comparison of the average property price and an average price percentage change by postcode area. Price % change compares the average property price between March 2020 - February 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 postcode area.

Birmingham house prices compared to other areasAverage price percentage change
Average property price

Birmingham house price rank

With the average price of £246k, Birmingham is the 41. cheapest postcode area out of 105 England and Wales' postcode areas.

Birmingham house price rank

Birmingham property sales share by price range

shows a number of properties sold in a given price range between March 2020 - February 2021.

Birmingham property sales share by price range
Property price rangeMarket shareSales volumes
under £50k0.4%58
£50k-£100k5.8%917
£100k-£150k19.6%3.1k
£150k-£200k23.9%3.8k
£200k-£250k16.6%2.6k
£250k-£300k11.2%1.8k
£300k-£400k11.7%1.9k
£400k-£500k5.0%801
£500k-£750k4.2%668
£750k-£1M1.0%162
over £1M0.6%98

Birmingham cost comparison of new homes and older homes

March 2020 - February 2021

Birmingham cost comparison of new homes and older homes

£277k

A newly built property

£245k

An established property

Birmingham cost comparison of houses and flats

March 2020 - February 2021

Birmingham cost comparison of houses and flats

£444k

Detached

£153k

Flat

£241k

Semi-Detached

£185k

Terraced

Birmingham real house prices

Yearly average nominal house prices adjusted for inflation.

Birmingham real house prices

Birmingham house prices compared to England & Wales' house prices

Yearly average nominal prices

Birmingham house prices

Birmingham house prices per square meter

Yearly average nominal prices per square meter.

Average price per square meter

Birmingham house prices and nearby areas

Yearly average nominal prices

Birmingham house prices and nearby areas

Birmingham house prices new vs established

Yearly average nominal prices. Graphs shows a difference between house prices of newly built properties and house prices of established residential properties.

Birmingham house prices new vs established

Birmingham house prices by property type

Yearly average nominal prices

Birmingham house prices by property type

Birmingham house price to earnings ratio

The median property price to median earnings ratio is ranging between 6.1 in Sandwell and 8.3 in Redditch. Ie. Sandwell resident with middle-income needs 6.1 gross annual salaries to buy a medium-priced property. Resident in Redditch needs 8.3 annual salaries. The England and Wales ratio was 7.7 in 2019.
Birmingham house price to earnings ratio history

Local authorityMedian house price to median salary ratio in 2019
Sandwell6.1
North Warwickshire6.4
Birmingham6.6
Tamworth7.3
England and Wales7.7
Solihull8.1
Bromsgrove8.3
Redditch8.3

Other reports for Birmingham postcode area

new home prices

property transactions

salary and unemployment

home features

population statistics

crime statistics

home energy certificates

energy costs

Homeimage/svg+xmlOpencliparteco green house icon2012-05-29T15:40:56https://openclipart.org/detail/170282/eco-green-house-icon-by-cybergedeondominiquechappardecologygreenhomehouseicon