South West property prices

The average property price in South West region is £332k. The average price increased by £37.8k (13%) over the last twelve months. The price of an established property is £333k. The price of a newly built property is £330k. There were 76.1k property sales and sales dropped by 16.2% (-15.3k transactions). Most properties were sold in the £300k-£400k price range with 15602 (20.5%) properties sold, followed by £200k-£250k price range with 13090 (17.2%) properties sold.

June 2020 - May 2021

South West region

England and Wales

£332k

average property price

£332k

average property price

13%

average price percentage change

10%

average price percentage change

£37.8k

average price change

£30.7k

average price change

South West house prices map

This price map shows the average property price in a given county between June 2020 - May 2021. The most affordable place was 'Devon' with the average price of £302k. The most expensive place was 'Dorset', £373k.

South West house prices map

CountyAverage price % of South West avg. price (£332k)
Bristol£354k106%
Cornwall£318k96%
Devon£302k91%
Dorset£373k112%
Gloucestershire£345k104%
Somerset£335k101%
Wiltshire£317k96%

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 June 2020 - May 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.

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

South West house price rank

With the average price of £332k, South West is the 4. most pricey region out of 10 England and Wales' regions.

South West house price rank

South West property sales share by price range

shows a number of properties sold in a given price range between June 2020 - May 2021.

South West property sales share by price range
Property price rangeMarket shareSales volumes
under £50k0.1%41
£50k-£100k2.1%1.6k
£100k-£150k7.2%5.4k
£150k-£200k14.6%11.1k
£200k-£250k17.2%13.1k
£250k-£300k15.2%11.6k
£300k-£400k20.5%15.6k
£400k-£500k10.2%7.8k
£500k-£750k9.0%6.8k
£750k-£1M2.4%1.9k
over £1M1.4%1.1k

South West cost comparison of new homes and older homes

June 2020 - May 2021

South West cost comparison of new homes and older homes

£330k

A newly built property

£333k

An established property

South West cost comparison of houses and flats

June 2020 - May 2021

South West cost comparison of houses and flats

£469k

Detached

£214k

Flat

£296k

Semi-Detached

£260k

Terraced

South West real house prices

Yearly average nominal house prices adjusted for inflation.

South West real house prices

South West house prices compared to England & Wales' house prices

Yearly average nominal prices

South West house prices

South West house prices per square meter

Yearly average nominal prices per square meter.

Average price per square meter

South West house prices and nearby regions

Yearly average nominal prices

South West house prices and nearby regions

South 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.

South West house prices new vs established

South West house prices by property type

Yearly average nominal prices

South West house prices by property type

South West house price to earnings ratio

The median property price to median earnings ratio in South West is 8.6. Ie. South West resident with middle-income needs 8.6 gross annual salaries to buy a medium-priced property. The England and Wales ratio was 7.7 in 2019.
South West house price to earnings ratio history

RegionMedian house price to median salary ratio in 2019
Wales5.7
East Midlands6.7
West Midlands6.9
England and Wales7.7
South West8.6
South East9.7
London12.8

Other reports for South West region

new home prices

property transactions

salary and unemployment

population statistics

home energy certificates

energy costs

home features

crime statistics

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