West Midlands property prices

The average property price in West Midlands region is £255k. The average price increased by £27.9k (12%) over the last twelve months. The price of an established property is £254k. The price of a newly built property is £280k. There were 64.1k property sales and sales dropped by 10.2% (-7.9k transactions). Most properties were sold in the £150k-£200k price range with 14257 (22.2%) properties sold, followed by £100k-£150k price range with 10986 (17.1%) properties sold.

August 2020 - July 2021

West Midlands region

England and Wales

£255k

average property price

£339k

average property price

12%

average price percentage change

12%

average price percentage change

£27.9k

average price change

£37.1k

average price change

West Midlands house prices map

This price map shows the average property price in a given county between August 2020 - July 2021. The most affordable place was 'Staffordshire' with the average price of £226k. The most expensive place was 'Warwickshire', £318k.

West Midlands house prices map

CountyAverage price % of West Midlands avg. price (£255k)
Herefordshire£309k121%
Shropshire£253k99%
Staffordshire£226k88%
Warwickshire£318k125%
West Midlands£235k92%
Worcestershire£297k116%

West Midlands 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 August 2020 - July 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.

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

West Midlands house price rank

With the average price of £255k, West Midlands is the 5. most pricey region out of 10 England and Wales' regions.

West Midlands house price rank

West Midlands property sales share by price range

shows a number of properties sold in a given price range between August 2020 - July 2021.

West Midlands property sales share by price range
Property price rangeMarket shareSales volumes
under £50k0.4%253
£50k-£100k6.8%4.4k
£100k-£150k17.1%11.0k
£150k-£200k22.2%14.3k
£200k-£250k15.8%10.1k
£250k-£300k11.5%7.4k
£300k-£400k13.1%8.4k
£400k-£500k6.3%4.1k
£500k-£750k5.1%3.3k
£750k-£1M1.1%703
over £1M0.5%330

West Midlands cost comparison of new homes and older homes

August 2020 - July 2021

West Midlands cost comparison of new homes and older homes

£280k

A newly built property

£254k

An established property

West Midlands cost comparison of houses and flats

August 2020 - July 2021

West Midlands cost comparison of houses and flats

£398k

Detached

£143k

Flat

£225k

Semi-Detached

£183k

Terraced

West Midlands real house prices

Yearly average nominal house prices adjusted for inflation.

West Midlands real house prices

West Midlands house prices

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

West Midlands house prices

West Midlands house prices per square meter

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

West Midlands house prices per square meter

West Midlands house prices and nearby regions

Yearly average nominal prices

West Midlands house prices and nearby regions

West Midlands 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 house prices new vs established

West Midlands house prices by property type

Yearly average nominal prices

West Midlands house prices by property type

West Midlands house price to earnings ratio

The median property price to median earnings ratio in West Midlands is 6.9. Ie. West Midlands resident with middle-income needs 6.9 gross annual salaries to buy a medium-priced property. The England and Wales ratio was 7.7 in 2019.
West Midlands house price to earnings ratio history

RegionMedian house price to median salary ratio in 2019
Wales5.7
North West5.8
East Midlands6.7
West Midlands6.9
England and Wales7.7
South West8.6
South East9.7

Other reports for West Midlands region

house prices per square meter

new home prices

property transactions

energy costs

home features

salary and unemployment

crime statistics

population statistics

home energy certificates

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