West Midlands property prices

The average property price in West Midlands region is £256k. The average price increased by £3.3k (1%) over the last twelve months. The price of an established property is £255k. The price of a newly built property is £307k. There were 65.4k property sales and sales dropped by 17.8% (-15.4k transactions). Most properties were sold in the £150k-£200k price range with 15155 (23.2%) properties sold, followed by £200k-£250k price range with 11608 (17.7%) properties sold.

June 2021 - May 2022

West Midlands region

England and Wales

£256k

average property price

£341k

average property price

1%

average price percentage change

2%

average price percentage change

£3.3k

average price change

£7.4k

average price change

West Midlands house prices map

This price map shows the average property price in a given county between June 2021 - May 2022. The most affordable place was 'Staffordshire' with the average price of £225k. The most expensive place was 'Warwickshire', £320k.

West Midlands house prices map

CountyAverage price % of West Midlands avg. price (£256k)
Herefordshire£307k120%
Shropshire£258k101%
Staffordshire£225k88%
Warwickshire£320k125%
West Midlands£240k94%
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 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 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 £256k, 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 June 2021 - May 2022.

West Midlands property sales share by price range
Property price rangeMarket shareSales volumes
under £50k0.3%179
£50k-£100k6.3%4.1k
£100k-£150k15.6%10.2k
£150k-£200k23.2%15.2k
£200k-£250k17.7%11.6k
£250k-£300k12.0%7.9k
£300k-£400k12.7%8.3k
£400k-£500k5.7%3.7k
£500k-£750k4.8%3.1k
£750k-£1M1.2%780
over £1M0.6%369

West Midlands cost comparison of new homes and older homes

June 2021 - May 2022

West Midlands cost comparison of new homes and older homes

£307k

A newly built property

£255k

An established property

West Midlands cost comparison of houses and flats

June 2021 - May 2022

West Midlands cost comparison of houses and flats

£415k

Detached

£150k

Flat

£233k

Semi-Detached

£193k

Terraced

Plumplot area insights - interactive charts and maps

Plumplot area insights - interactive maps and charts

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 metre

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

West Midlands house prices per square metre

West Midlands house prices and nearby regions

Yearly average nominal prices

West Midlands house prices and nearby regions

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 6.8. Ie. West Midlands resident with middle-income needs 6.8 gross annual salaries to buy a medium-priced property. The England and Wales ratio was 7.69 in 2020.
West Midlands house price to earnings ratio history

RegionMedian house price to median salary ratio in 2020
North West5.7
Wales5.8
East Midlands6.7
West Midlands6.8
England and Wales7.69
South West8.7
South East9.6

Other reports for West Midlands region

house prices per square metre

new home prices

property transactions

home energy certificates

population statistics

salary and unemployment

energy costs

crime statistics

home features

Homeimage/svg+xmlOpencliparteco green house icon2012-05-29T15:40:56https://openclipart.org/detail/170282/eco-green-house-icon-by-cybergedeondominiquechappardecologygreenhomehouseicon