West Midlands county property prices

The average property price in West Midlands county county is £240k. The average price increased by £7.3k (3%) over the last twelve months. The price of an established property is £239k. The price of a newly built property is £275k. There were 27.9k property sales and sales dropped by 11.9% (-4.1k transactions). Most properties were sold in the £150k-£200k price range with 7626 (27.3%) properties sold, followed by £200k-£250k price range with 5092 (18.3%) properties sold.

June 2021 - May 2022

West Midlands county county

England and Wales

£240k

average property price

£341k

average property price

3%

average price percentage change

2%

average price percentage change

£7.3k

average price change

£7.4k

average price change

West Midlands county house prices map

This price map shows the average property price in a given postcode sector between June 2021 - May 2022. The most affordable place was 'WS1 1' with the average price of £80.0k. The most expensive place was 'B94 6', £708k.

West Midlands county house prices map

West Midlands county 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 June 2021 - May 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.

West Midlands county house prices compared to other countiesAverage price percentage change
Average property price

West Midlands county house price rank

With the average price of £240k, West Midlands county is the 21. cheapest county out of 55 England and Wales' counties.

West Midlands county house price rank

West Midlands county property sales share by price range

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

West Midlands county property sales share by price range
Property price rangeMarket shareSales volumes
under £50k0.3%78
£50k-£100k5.7%1.6k
£100k-£150k17.6%4.9k
£150k-£200k27.3%7.6k
£200k-£250k18.3%5.1k
£250k-£300k11.0%3.1k
£300k-£400k10.7%3.0k
£400k-£500k4.3%1.2k
£500k-£750k3.5%977
£750k-£1M0.8%237
over £1M0.5%128

West Midlands county cost comparison of new homes and older homes

June 2021 - May 2022

West Midlands county cost comparison of new homes and older homes

£275k

A newly built property

£239k

An established property

West Midlands county cost comparison of houses and flats

June 2021 - May 2022

West Midlands county cost comparison of houses and flats

£432k

Detached

£150k

Flat

£236k

Semi-Detached

£197k

Terraced

Plumplot area insights - interactive charts and maps

Plumplot area insights - interactive maps and charts

West Midlands county real house prices

Yearly average nominal house prices adjusted for inflation.

West Midlands county real house prices

West Midlands county house prices

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

West Midlands county house prices

West Midlands county house prices per square metre

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

West Midlands county house prices per square metre

West Midlands county house prices and nearby counties

Yearly average nominal prices

West Midlands county house prices and nearby counties

West Midlands county house prices by property type

Yearly average nominal prices

West Midlands county house prices by property type

West Midlands county house price to earnings ratio

The median property price to median earnings ratio is ranging between 5.7 in Walsall and 8.2 in Solihull. Ie. Walsall resident with middle-income needs 5.7 gross annual salaries to buy a medium-priced property. Resident in Solihull needs 8.2 annual salaries. The England and Wales ratio was 7.69 in 2020.
West Midlands county house price to earnings ratio history

Local authorityMedian house price to median salary ratio in 2020
Walsall5.7
Dudley5.9
Sandwell5.9
Wolverhampton6.2
Birmingham6.4
Coventry6.4
England and Wales7.69
Solihull8.2

Other reports for West Midlands county county

house prices per square metre

new home prices

property transactions

home energy certificates

population statistics

salary and unemployment

energy costs

crime statistics

home features

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