North West property prices

The average property price in North West region is £219k. The average price increased by £24.3k (12%) over the last twelve months. The price of an established property is £218k. The price of a newly built property is £246k. There were 91.1k property sales and sales dropped by 8.6% (-9.3k transactions). Most properties were sold in the £100k-£150k price range with 19966 (21.9%) properties sold, followed by £150k-£200k price range with 17901 (19.7%) properties sold.

August 2020 - July 2021

North West region

England and Wales

£219k

average property price

£339k

average property price

12%

average price percentage change

12%

average price percentage change

£24.3k

average price change

£37.1k

average price change

North West house prices map

This price map shows the average property price in a given county between August 2020 - July 2021. The most affordable place was 'Lancashire' with the average price of £183k. The most expensive place was 'Cheshire', £280k.

North West house prices map

CountyAverage price % of North West avg. price (£219k)
Cheshire£280k128%
Cumbria£210k96%
Greater Manchester£228k104%
Lancashire£183k84%
Merseyside£194k89%

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 August 2020 - July 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 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 £219k, 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 August 2020 - July 2021.

North West property sales share by price range
Property price rangeMarket shareSales volumes
under £50k1.6%1.5k
£50k-£100k15.8%14.4k
£100k-£150k21.9%20.0k
£150k-£200k19.7%17.9k
£200k-£250k12.9%11.8k
£250k-£300k9.0%8.2k
£300k-£400k9.8%8.9k
£400k-£500k4.5%4.1k
£500k-£750k3.5%3.2k
£750k-£1M0.9%784
over £1M0.4%390

North West cost comparison of new homes and older homes

August 2020 - July 2021

North West cost comparison of new homes and older homes

£246k

A newly built property

£218k

An established property

North West cost comparison of houses and flats

August 2020 - July 2021

North West cost comparison of houses and flats

£375k

Detached

£155k

Flat

£214k

Semi-Detached

£145k

Terraced

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 meter

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

North West house prices per square meter

North West house prices and nearby regions

Yearly average nominal prices

North West house prices and nearby regions

North West 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.

North West house prices new vs established

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 5.8. Ie. North West resident with middle-income needs 5.8 gross annual salaries to buy a medium-priced property. The England and Wales ratio was 7.7 in 2019.
North West house price to earnings ratio history

RegionMedian house price to median salary ratio in 2019
North East5.2
Wales5.7
North West5.8
Yorkshire5.9
East Midlands6.7
West Midlands6.9
England and Wales7.7

Other reports for North West region

house prices per square meter

new home prices

property transactions

energy costs

home features

salary and unemployment

crime statistics

population statistics

home energy certificates

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