Wales property prices

The average property price in Wales region is £224k, the median price is £185k. The average price declined by £-9.0k (-4%) over the last twelve months. The price of an established property is £223k. The price of a newly built property is £290k. There were 27.0k property sales and sales dropped by 38.4% (-19.0k transactions). Most properties were sold in the £100k-£150k price range with 6034 (22.3%) properties sold, followed by £150k-£200k price range with 5882 (21.7%) properties sold.

January 2023 - December 2023Wales regionEngland & Wales
Average price£224k£350k
Median price£185k£268k

Wales property sales share by price range

shows a number of properties sold in a given price range between January 2023 - December 2023.

Wales property sales share by price range
Property price rangeMarket shareSales volume
under £50k0.9%237
£50k-£100k10.8%2.9k
£100k-£150k22.3%6.0k
£150k-£200k21.7%5.9k
£200k-£250k14.4%3.9k
£250k-£300k9.9%2.7k
£300k-£400k11.2%3.0k
£400k-£500k4.5%1.2k
£500k-£750k3.3%895
£750k-£1M0.7%185
over £1M0.2%64

Wales house prices map

This price map shows the average property price in a given county. The most affordable place is 'Mid Glamorgan' with the average price of £173k. The most expensive place is 'South Glamorgan', £295k.

Wales house prices map

CountyAverage price % of Wales avg. price (£224k)
Clwyd£218k97%
Dyfed£227k102%
Gwent£222k99%
Gwynedd£239k107%
Mid Glamorgan£173k77%
Powys£255k114%
South Glamorgan£295k132%
West Glamorgan£190k85%

Wales 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 January 2023 - December 2023 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.

Wales house prices compared to other regionsAverage price percentage change
Average property price

Wales house price rank

With the average price of £224k, Wales is the 3. cheapest region out of 10 England and Wales' regions.

Wales house price rank
Price ranking
RankregionAverage price
1.London£713k
2.South East£452k
3.East of England£386k
4.South West£362k
5.West Midlands£266k
6.East Midlands£253k
7.North West£227k
8.Wales£224k
9.Yorkshire£221k
10.North East£174k

Plumplot area insights - interactive charts and maps

Plumplot area insights - interactive maps and charts

Wales real house prices

Yearly average nominal house prices adjusted for inflation.

Wales real house prices

Real average price - nominal price adjusted for inflation
YearWales regionEngland & Wales
2023£224k£350k
2022£261k£403k
2021£253k£396k
2020£231k£377k
2019£223k£358k
2018£225k£368k
2017£224k£374k
2016£223k£370k
2015£216k£359k
2014£215k£351k
2013£216k£345k
2012£222k£345k
2011£232k£354k
2010£247k£375k
2009£242k£339k
2008£257k£358k
2007£277k£377k
2006£271k£362k
2005£261k£347k
2004£244k£336k
2003£203k£302k
2002£170k£272k
2001£147k£238k
2000£139k£221k
1999£130k£201k
1998£126k£185k
1997£123k£175k
1996£119k£164k
1995£119k£161k

Wales house prices

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

Wales house prices

Nominal average price
YearWales regionEngland & Wales
2023£224k£350k
2022£233k£359k
2021£218k£342k
2020£196k£320k
2019£184k£296k
2018£180k£294k
2017£174k£290k
2016£169k£280k
2015£163k£270k
2014£158k£258k
2013£154k£247k
2012£153k£238k
2011£152k£233k
2010£155k£236k
2009£152k£213k
2008£156k£217k
2007£161k£219k
2006£152k£204k
2005£142k£189k
2004£130k£179k
2003£105k£156k
2002£86.2k£138k
2001£73.6k£119k
2000£67.2k£108k
1999£62.4k£96.0k
1998£57.9k£85.4k
1997£55.2k£78.5k
1996£51.9k£71.5k
1995£50.2k£67.9k

Wales house prices per square metre

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

Wales house prices per square metre

Nominal average price per m2
YearWales regionEngland & Wales
2023£2.3k£3.6k
2022£2.4k£3.7k
2021£2.1k£3.4k
2020£2.0k£3.2k
2019£1.9k£3.0k
2018£1.8k£3.0k
2017£1.7k£3.0k
2016£1.7k£2.9k
2015£1.6k£2.7k
2014£1.6k£2.6k
2013£1.5k£2.5k
2012£1.5k£2.4k
2011£1.5k£2.4k
2010£1.5k£2.4k
2009£1.5k£2.1k
2008£1.5k£2.2k
2007£1.6k£2.3k
2006£1.5k£2.1k
2005£1.4k£2.0k
2004£1.3k£1.8k
2003£1.0k£1.6k
2002£849£1.4k
2001£718£1.2k
2000£655£1.1k
1999£603£969
1998£563£863
1997£542£790
1996£508£710
1995£499£681

Wales house prices and nearby regions

Yearly average nominal prices

Wales house prices and nearby regions

Wales house prices by property type

Yearly average nominal prices

Wales house prices by property type

Property typeCurrent average price
Detached£352k
Flat£147k
Semi-Detached£217k
Terraced£164k

Wales house price to earnings ratio

The median property price to median earnings ratio in Wales is 6.2. Ie. Wales resident with middle-income needs 6.2 gross annual salaries to buy a medium-priced property. The England and Wales ratio was 8.16 in 2022.
Wales house price to earnings ratio history
RegionMedian house price to median salary ratio in 2022
North West6.2
Wales6.2
West Midlands7.2
England and Wales8.16
South West9.3

Other reports for Wales region

house prices per square metre

new home prices

property transactions

home features

population statistics

crime statistics

energy costs

home energy efficiency

salary and unemployment

plumplot area insights tutorial
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