The average property price in Wales region is £225k, the median price is £188k as of April 2024. The average price declined by £-10.0k (-4%) over the last twelve months. The price of an established property is £224k. The price of a newly built property is £317k. There were 27.7k property sales and sales dropped by 38.5% (-18.8k transactions). Most properties were sold in the £150k-£200k price range with 6060 (21.9%) properties sold, followed by £100k-£150k price range with 6021 (21.7%) properties sold.
| March 2023 - February 2024 | Wales region | England & Wales |
|---|---|---|
| Average price | █ £225k | █ £351k |
| Median price | █ £188k | █ £270k |
shows a number of properties sold in a given price range between March 2023 - February 2024.
| Property price range | Market share | Sales volume |
|---|---|---|
| █ under £50k | 0.8% | 210 |
| █ £50k-£100k | 10.9% | 3.0k |
| █ £100k-£150k | 21.7% | 6.0k |
| █ £150k-£200k | 21.9% | 6.1k |
| █ £200k-£250k | 14.6% | 4.0k |
| █ £250k-£300k | 10.1% | 2.8k |
| █ £300k-£400k | 11.3% | 3.1k |
| █ £400k-£500k | 4.5% | 1.2k |
| █ £500k-£750k | 3.3% | 920 |
| █ £750k-£1M | 0.7% | 189 |
| █ over £1M | 0.2% | 68 |
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', £294k.
| County | Average price | % of Wales avg. price (£225k) | |
|---|---|---|---|
| Clwyd | £220k | 98% | |
| Dyfed | £231k | 102% | |
| Gwent | £224k | 99% | |
| Gwynedd | £241k | 107% | |
| Mid Glamorgan | £173k | 77% | |
| Powys | £252k | 112% | |
| South Glamorgan | £294k | 131% | |
| West Glamorgan | £190k | 85% | |
Comparison of the average property price and an average price percentage change by region. Price % change compares the average property price between March 2023 - February 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.
Average price percentage changeWith the average price of £225k, Wales is the 3. cheapest region out of 10 England and Wales' regions.
| Price ranking | ||
|---|---|---|
| Rank | region | Average price |
| 1. | London | £715k |
| 2. | South East | £452k |
| 3. | East of England | £386k |
| 4. | South West | £361k |
| 5. | West Midlands | £266k |
| 6. | East Midlands | £254k |
| 7. | North West | £228k |
| 8. | Wales | £225k |
| 9. | Yorkshire | £224k |
| 10. | North East | £174k |
Yearly average nominal house prices adjusted for inflation.
| Real average price - nominal price adjusted for inflation | ||
|---|---|---|
| Year | Wales region | England & Wales |
| 2024 | £0 | £0 |
| 2023 | £226k | £352k |
| 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 | £374k |
| 2006 | £273k | £355k |
| 2005 | £261k | £345k |
| 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 |
Yearly average nominal prices compared to England & Wales' house prices
| Nominal average price | ||
|---|---|---|
| Year | Wales region | England & Wales |
| 2024 | £224k | £322k |
| 2023 | £226k | £352k |
| 2022 | £233k | £360k |
| 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 | £217k |
| 2006 | £154k | £199k |
| 2005 | £143k | £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 |
Yearly average nominal price per square metre compared to England & Wales' house prices
| Nominal average price per m2 | ||
|---|---|---|
| Year | Wales region | England & Wales |
| 2024 | £2.3k | £3.4k |
| 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 | £2.3k |
| 2009 | £1.5k | £2.1k |
| 2008 | £1.5k | £2.2k |
| 2007 | £1.6k | £2.2k |
| 2006 | £1.6k | £2.0k |
| 2005 | £1.4k | £1.9k |
| 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 |
Yearly average nominal prices
Yearly average nominal prices
| Property type | Current average price |
|---|---|
| █ Detached | £352k |
| █ Flat | £148k |
| █ Semi-Detached | £217k |
| █ Terraced | £165k |
| Region | Median house price to median salary ratio in 2022 |
|---|---|
| North West | 6.2 |
| Wales | 6.2 |
| West Midlands | 7.2 |
| England and Wales | 8.16 |
| South West | 9.3 |
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