West Midlands county property prices

The average property price in West Midlands county county is £218k. The average price increased by £12.0k (6%) over the last twelve months. The price of an established property is £217k. The price of a newly built property is £235k. There were 21.6k property sales and sales dropped by 34.4% (-12.7k transactions). Most properties were sold in the £150k-£200k price range with 5631 (26.1%) properties sold, followed by £100k-£150k price range with 5173 (24.0%) properties sold.

March 2020 - February 2021

West Midlands county county

England and Wales

£218k

average property price

£320k

average property price

6%

average price percentage change

8%

average price percentage change

£12.0k

average price change

£22.6k

average price change

West Midlands county house prices map

This price map shows the average property price in a given postcode sector between March 2020 - February 2021. The most affordable place was 'B6 5' with the average price of £85.7k. The most expensive place was 'B93 8', £602k.

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 March 2020 - February 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 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 £218k, 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 March 2020 - February 2021.

West Midlands county property sales share by price range
Property price rangeMarket shareSales volumes
under £50k0.5%108
£50k-£100k8.7%1.9k
£100k-£150k24.0%5.2k
£150k-£200k26.1%5.6k
£200k-£250k15.4%3.3k
£250k-£300k9.1%2.0k
£300k-£400k8.7%1.9k
£400k-£500k3.6%773
£500k-£750k2.9%616
£750k-£1M0.6%138
over £1M0.4%86

West Midlands county cost comparison of new homes and older homes

March 2020 - February 2021

West Midlands county cost comparison of new homes and older homes

£235k

A newly built property

£217k

An established property

West Midlands county cost comparison of houses and flats

March 2020 - February 2021

West Midlands county cost comparison of houses and flats

£393k

Detached

£139k

Flat

£217k

Semi-Detached

£173k

Terraced

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 compared to England & Wales' house prices

Yearly average nominal prices

West Midlands county house prices

West Midlands county house prices per square meter

Yearly average nominal prices per square meter.

Average price per square meter

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 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.

West Midlands county house prices new vs established

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 5.8 in Dudley and 8.1 in Solihull. Ie. Dudley resident with middle-income needs 5.8 gross annual salaries to buy a medium-priced property. Resident in Solihull needs 8.1 annual salaries. The England and Wales ratio was 7.7 in 2019.
West Midlands county house price to earnings ratio history

Local authorityMedian house price to median salary ratio in 2019
Dudley5.8
Wolverhampton5.9
Walsall6
Sandwell6.1
Coventry6.3
Birmingham6.6
England and Wales7.7
Solihull8.1

Other reports for West Midlands county county

new home prices

property transactions

salary and unemployment

home features

population statistics

crime statistics

home energy certificates

energy costs

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