The price of a newly built property is £327k in West Midlands region. The price increased by £23.6k (8%) over the last twelve months. The price of an established property is £265k. There were 832 sales of newly build properties. Most new properties were sold in the £300k-£400k price range with 251 (30.2%) properties sold, followed by £250k-£300k price range with 186 (22.4%) properties sold. Most new homes were sold in Staffordshire, with 201 sold to date from March 2023 - February 2024.
| March 2023 - February 2024 | West Midlands region | England & Wales |
|---|---|---|
| Average price of a new home | £327k | £431k |
Average price change | 8% £23.6k | 13% £50.0k |
March 2023 - February 2024
| New or established | Average price |
|---|---|
| █ A newly built property | £327k |
| █ An established property | £265k |
March 2023 - February 2024
shows the total volume of new homes sold a given county.
| County | Sales volume | Market share | |
|---|---|---|---|
| Herefordshire | 30 | 3.6% | |
| Shropshire | 142 | 17.1% | |
| Staffordshire | 201 | 24.2% | |
| Warwickshire | 158 | 19% | |
| West Midlands | 171 | 20.6% | |
| Worcestershire | 130 | 15.6% | |
shows a sales volume of new homes in a given price range between March 2023 - February 2024. See also West Midlands property sales reports.
| Property price range | Market share | Sales volume |
|---|---|---|
| █ £50k-£100k | 1.0% | 8 |
| █ £100k-£150k | 5.4% | 45 |
| █ £150k-£200k | 5.8% | 48 |
| █ £200k-£250k | 13.9% | 116 |
| █ £250k-£300k | 22.4% | 186 |
| █ £300k-£400k | 30.2% | 251 |
| █ £400k-£500k | 14.3% | 119 |
| █ £500k-£750k | 6.0% | 50 |
| █ £750k-£1M | 1.1% | 9 |
March 2023 - February 2024
March 2023 - February 2024
Yearly average nominal house prices adjusted for inflation
Yearly average nominal prices
Yearly average nominal prices
Yearly average nominal prices
Total sales volumes by year
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