North West property prices

The average property price in North West region is £221k. The average price increased by £3.4k (2%) over the last twelve months. The price of an established property is £220k. The price of a newly built property is £251k. There were 94.4k property sales and sales dropped by 16.3% (-20.1k transactions). Most properties were sold in the £100k-£150k price range with 21453 (22.7%) properties sold, followed by £150k-£200k price range with 19610 (20.8%) properties sold.

June 2021 - May 2022

North West region

England and Wales

£221k

average property price

£341k

average property price

2%

average price percentage change

2%

average price percentage change

£3.4k

average price change

£7.4k

average price change

North West house prices map

This price map shows the average property price in a given county between June 2021 - May 2022. The most affordable place was 'Lancashire' with the average price of £185k. The most expensive place was 'Cheshire', £283k.

North West house prices map

CountyAverage price % of North West avg. price (£221k)
Cheshire£283k128%
Cumbria£206k93%
Greater Manchester£234k106%
Lancashire£185k84%
Merseyside£198k90%

North 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 June 2021 - May 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.

North West house prices compared to other regionsAverage price percentage change
Average property price

North West house price rank

With the average price of £221k, North West is the 4. cheapest region out of 10 England and Wales' regions.

North West house price rank

North West property sales share by price range

shows a number of properties sold in a given price range between June 2021 - May 2022.

North West property sales share by price range
Property price rangeMarket shareSales volumes
under £50k1.1%1.0k
£50k-£100k14.4%13.6k
£100k-£150k22.7%21.5k
£150k-£200k20.8%19.6k
£200k-£250k13.6%12.9k
£250k-£300k9.2%8.7k
£300k-£400k9.6%9.0k
£400k-£500k4.0%3.8k
£500k-£750k3.2%3.1k
£750k-£1M0.9%806
over £1M0.5%492

North West cost comparison of new homes and older homes

June 2021 - May 2022

North West cost comparison of new homes and older homes

£251k

A newly built property

£220k

An established property

North West cost comparison of houses and flats

June 2021 - May 2022

North West cost comparison of houses and flats

£399k

Detached

£155k

Flat

£224k

Semi-Detached

£151k

Terraced

Plumplot area insights - interactive charts and maps

Plumplot area insights - interactive maps and charts

North West real house prices

Yearly average nominal house prices adjusted for inflation.

North West real house prices

North West house prices

Yearly average nominal prices compared to England & Wales' house prices

North West house prices

North West house prices per square metre

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

North West house prices per square metre

North West house prices and nearby regions

Yearly average nominal prices

North West house prices and nearby regions

North West house prices by property type

Yearly average nominal prices

North West house prices by property type

North West house price to earnings ratio

The median property price to median earnings ratio in North West is 5.7. Ie. North West resident with middle-income needs 5.7 gross annual salaries to buy a medium-priced property. The England and Wales ratio was 7.69 in 2020.
North West house price to earnings ratio history

RegionMedian house price to median salary ratio in 2020
North East5
North West5.7
Wales5.8
Yorkshire5.8
East Midlands6.7
West Midlands6.8
England and Wales7.69

Other reports for North West region

house prices per square metre

new home prices

property transactions

home energy certificates

population statistics

salary and unemployment

energy costs

crime statistics

home features

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