West Midlands newly built property prices

The price of a newly built property is £276k in West Midlands region. The price increased by £3.7k (1%) over the last twelve months. The price of an established property is £237k. There were 3253 sales of newly build properties. Most new properties were sold in the £300k-£400k price range with 763 (23.5%) properties sold, followed by £200k-£250k price range with 646 (19.9%) properties sold. Most new homes were sold in West Midlands, with 953 sold to date from March 2020 - February 2021.

March 2020 - February 2021

West Midlands regionEngland and Wales

£276k

average price of a new property

£362k

average price of a new property

1%

average price percentage change

5%

average price percentage change

£3.7k

average price change

£17.7k

average price change

West Midlands cost comparison of new homes and older homes

March 2020 - February 2021

West Midlands cost comparison of new homes and older homes

£276k

A newly built property

£237k

An established property

West Midlands sales share of new homes and older homes

March 2020 - February 2021

West Midlands sales share of new homes and older homes

6.1%

A newly built property

3.3k

93.9%

An established property

49.8k

53.0k

total sales volume

West Midlands map of sales of new properties

shows the total volume of new homes sold a given county.

West Midlands map of sales of new properties

CountySales volumeMarket share
Herefordshire922.8%
Shropshire46514.3%
Staffordshire67120.6%
Warwickshire68020.9%
West Midlands95329.3%
Worcestershire39212.1%

West Midlands new home sales share by price range

shows a sales volume of new homes in a given price range between March 2020 - February 2021. See also West Midlands property sales reports.

West Midlands new home sales share by price range

Property price rangeMarket shareSales volume
£50k-£100k3.0%98
£100k-£150k8.1%262
£150k-£200k15.8%515
£200k-£250k19.9%646
£250k-£300k18.4%599
£300k-£400k23.5%763
£400k-£500k7.6%246
£500k-£750k3.3%107
£750k-£1M0.5%15
over £1M0.1%2

West Midlands cost comparison of new houses and new flats

March 2020 - February 2021

West Midlands cost comparison of new houses and new flats

£361k

Detached

£202k

Flat

£233k

Semi-Detached

£202k

Terraced

West Midlands sales share of new houses and new flats

March 2020 - February 2021

West Midlands sales share of new houses and new flats

41.8%

Detached

1.4k

19.8%

Flat

644

26.5%

Semi-Detached

862

11.9%

Terraced

386

West Midlands real new home prices

Yearly average nominal house prices adjusted for inflation

West Midlands real new home prices

West Midlands new home prices compared to England & Wales' new home prices

Yearly average nominal prices

West Midlands new home prices

West Midlands new home prices and nearby regions

Yearly average nominal prices

West Midlands new home prices and nearby regions

West Midlands house prices new vs established

Yearly average nominal prices

West Midlands house prices new vs established

West Midlands annual sales of new homes and older homes

Total sales volumes by year

West Midlands annual sales of new homes and older homes

Other reports for West Midlands region

house prices

property transactions

salary and unemployment

home features

population statistics

crime statistics

home energy certificates

energy costs

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