South West property prices

Last updated on 31 May 2024

The average property price in South West region is £360k, the median price is £300k. The average price declined by £-7.5k (-2%) over the last twelve months. The price of an established property is £360k. The price of a newly built property is £400k. There were 56.3k property sales and sales dropped by 37.7% (-36.2k transactions). Most properties were sold in the £300k-£400k price range with 12489 (22.2%) properties sold, followed by £250k-£300k price range with 9017 (16.0%) properties sold.

May 2023 - April 2024South West regionEngland & Wales
Average price£360k£350k
Median price£300k£270k

South West property sales share by price range

shows a number of properties sold in a given price range between May 2023 - April 2024.

South West property sales share by price range
Property price rangeMarket shareSales volume
under £50k0.1%34
£50k-£100k2.3%1.3k
£100k-£150k6.0%3.4k
£150k-£200k10.9%6.2k
£200k-£250k14.8%8.3k
£250k-£300k16.0%9.0k
£300k-£400k22.2%12.5k
£400k-£500k11.7%6.6k
£500k-£750k10.8%6.1k
£750k-£1M3.2%1.8k
over £1M1.9%1.1k

South West house prices map

This price map shows the average property price in a given county. The most affordable place is 'Devon' with the average price of £330k. The most expensive place is 'Dorset', £402k.

South West house prices map

CountyAverage price % of South West avg. price (£360k)
Bristol£382k106%
Cornwall£353k98%
Devon£330k91%
Dorset£402k112%
Gloucestershire£371k103%
Somerset£365k101%
Wiltshire£339k94%

South 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 May 2023 - April 2024 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.

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

South West house price rank

With the average price of £360k, South West is the 4. most pricey region out of 10 England and Wales' regions.

South West house price rank
Price ranking
RankregionAverage price
1.London£707k
2.South East£450k
3.East of England£384k
4.South West£360k
5.West Midlands£269k
6.East Midlands£255k
7.North West£229k
8.Wales£227k
9.Yorkshire£225k
10.North East£176k

Plumplot area insights - interactive charts and maps

Plumplot area insights - interactive maps and charts

South West real house prices

Yearly average nominal house prices adjusted for inflation.

South West real house prices

Real average price - nominal price adjusted for inflation
YearSouth West regionEngland & Wales
2024£347k£323k
2023£398k£388k
2022£443k£439k
2021£430k£434k
2020£407k£412k
2019£388k£394k
2018£395k£403k
2017£397k£412k
2016£383k£406k
2015£366k£394k
2014£358k£387k
2013£351k£380k
2012£358k£379k
2011£374k£389k
2010£400k£413k
2009£366k£371k
2008£402k£393k
2007£431k£415k
2006£409k£397k
2005£396k£379k
2004£394k£368k
2003£358k£331k
2002£311k£298k
2001£262k£262k
2000£237k£243k
1999£208k£221k
1998£192k£203k
1997£183k£192k
1996£171k£180k
1995£171k£177k

South West house prices

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

South West house prices

Nominal average price
YearSouth West regionEngland & Wales
2024£347k£323k
2023£362k£352k
2022£363k£360k
2021£339k£342k
2020£316k£320k
2019£292k£296k
2018£288k£294k
2017£279k£290k
2016£264k£280k
2015£251k£270k
2014£238k£258k
2013£228k£247k
2012£225k£238k
2011£224k£233k
2010£229k£236k
2009£211k£213k
2008£222k£217k
2007£228k£219k
2006£210k£204k
2005£198k£189k
2004£191k£179k
2003£169k£156k
2002£144k£138k
2001£119k£119k
2000£105k£108k
1999£90.4k£96.0k
1998£80.8k£85.4k
1997£74.5k£78.5k
1996£68.2k£71.5k
1995£65.8k£67.9k

South West house prices per square metre

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

South West house prices per square metre

Nominal average price per m2
YearSouth West regionEngland & Wales
2024£3.6k£3.4k
2023£3.7k£3.6k
2022£3.7k£3.7k
2021£3.3k£3.4k
2020£3.0k£3.2k
2019£2.9k£3.0k
2018£2.9k£3.0k
2017£2.8k£3.0k
2016£2.7k£2.9k
2015£2.5k£2.7k
2014£2.4k£2.6k
2013£2.3k£2.5k
2012£2.2k£2.4k
2011£2.2k£2.4k
2010£2.2k£2.3k
2009£2.1k£2.1k
2008£2.2k£2.2k
2007£2.3k£2.3k
2006£2.1k£2.1k
2005£2.0k£2.0k
2004£1.9k£1.8k
2003£1.7k£1.6k
2002£1.4k£1.4k
2001£1.2k£1.2k
2000£1.0k£1.1k
1999£886£969
1998£791£863
1997£722£790
1996£655£710
1995£639£681

South West house prices and nearby regions

Yearly average nominal prices

South West house prices and nearby regions

South West house prices by property type

Yearly average nominal prices

South West house prices by property type

Property typeCurrent average price
Detached£544k
Flat£220k
Semi-Detached£336k
Terraced£291k

South West house price to earnings ratio

The median property price to median earnings ratio in South West is 9.3. Ie. South West resident with middle-income needs 9.3 gross annual salaries to buy a medium-priced property. The England and Wales ratio was 8.16 in 2022.
South West house price to earnings ratio history
RegionMedian house price to median salary ratio in 2022
Wales6.2
West Midlands7.2
East Midlands7.3
England and Wales8.16
South West9.3
South East10.4
London13.3

Other reports for South West region

house prices per square metre

new home prices

property transactions

energy costs

crime statistics

salary and unemployment

home energy efficiency

home features

population statistics

plumplot area insights tutorial
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