Somerset property prices

The average property price in Somerset county is £343k. The average price increased by £6.6k (2%) over the last twelve months. The price of an established property is £343k. The price of a newly built property is £345k. There were 13.1k property sales and sales dropped by 13.8% (-2.3k transactions). Most properties were sold in the £200k-£250k price range with 2504 (19.1%) properties sold, followed by £300k-£400k price range with 2463 (18.8%) properties sold.

May 2021 - April 2022

Somerset county

England and Wales

£343k

average property price

£339k

average property price

2%

average price percentage change

2%

average price percentage change

£6.6k

average price change

£5.9k

average price change

Somerset house prices map

This price map shows the average property price in a given postcode sector between May 2021 - April 2022. The most affordable place was 'BA20 1' with the average price of £175k. The most expensive place was 'BS8 3', £835k.

Somerset house prices map

Somerset house prices compared to other counties

Comparison of the average property price and an average price percentage change by county. Price % change compares the average property price between May 2021 - April 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 county.

Somerset house prices compared to other countiesAverage price percentage change
Average property price

Somerset house price rank

With the average price of £343k, Somerset is the 16. most pricey county out of 55 England and Wales' counties.

Somerset house price rank

Somerset property sales share by price range

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

Somerset property sales share by price range
Property price rangeMarket shareSales volumes
under £50k0.0%3
£50k-£100k2.2%291
£100k-£150k7.1%933
£150k-£200k13.6%1.8k
£200k-£250k19.1%2.5k
£250k-£300k15.3%2.0k
£300k-£400k18.8%2.5k
£400k-£500k9.7%1.3k
£500k-£750k9.7%1.3k
£750k-£1M2.5%331
over £1M2.0%261

Somerset cost comparison of new homes and older homes

May 2021 - April 2022

Somerset cost comparison of new homes and older homes

£345k

A newly built property

£343k

An established property

Somerset cost comparison of houses and flats

May 2021 - April 2022

Somerset cost comparison of houses and flats

£501k

Detached

£212k

Flat

£311k

Semi-Detached

£287k

Terraced

Plumplot area insights - interactive charts and maps

Plumplot area insights - interactive maps and charts

Somerset real house prices

Yearly average nominal house prices adjusted for inflation.

Somerset real house prices

Somerset house prices

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

Somerset house prices

Somerset house prices per square meter

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

Somerset house prices per square meter

Somerset house prices and nearby counties

Yearly average nominal prices

Somerset house prices and nearby counties

Somerset house prices by property type

Yearly average nominal prices

Somerset house prices by property type

Somerset house price to earnings ratio

The median property price to median earnings ratio is ranging between 7.7 in North Somerset and 10.7 in Bath and North East Somerset. Ie. North Somerset resident with middle-income needs 7.7 gross annual salaries to buy a medium-priced property. Resident in Bath and North East Somerset needs 10.7 annual salaries. The England and Wales ratio was 7.69 in 2020.
Somerset house price to earnings ratio history

Local authorityMedian house price to median salary ratio in 2020
England and Wales7.69
North Somerset7.7
South Somerset7.7
Sedgemoor8
Somerset West and Taunton8
Mendip9
Bath and North East Somerset10.7

Other reports for Somerset county

house prices per square meter

new home prices

property transactions

home features

salary and unemployment

energy costs

population statistics

home energy certificates

crime statistics

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