The average property value in Birmingham is £246,694 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Birmingham grew by £28,650. Compare house prices by area
Average property prices in Birmingham grew by 13.1% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 4.5% per year.
If prices in Birmingham continue to rise by 4.5% a year, the average property price will be £294,157 in 2025.
There were 9,829 property sales in Birmingham in the year ending June 2021, a decrease of 395 when compared to the previous year.
The average price for a house in Birmingham ranges from £198,640 for a terraced house to £471,356 for a detached house, with semi-detached in between costing on average £249,462.
The average price for a flat or maisonette in Birmingham is £164,036.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Birmingham, terraced house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 46.4% from £321,887 to £471,356, semi-detached house prices have risen 55.4% from £160,536 to £249,462, terraced house prices have risen 55.5% from £127,737 to £198,640, and flat prices have risen 37.9% from £118,921 to £164,036.
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The most common type of property sold in Birmingham during the year ending June 2021 was semi-detached houses, which accounted for 36.3% of properties.
The least commonly available type of property sold in Birmingham were detached houses, which account for 12.8% of properties sold.
Of the properties sold in Birmingham during 2021, 1.3% were new build properties.
The average price paid for a new build property in Birmingham was £16,164 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was flats (69% of new build properties sold). For existing properties, the most common type is semi-detached houses (38% of existing properties sold).
The most common price band for property sales in Birmingham is £200k - £300k, which accounted for 18.9% of properties sold in 2021.
0.4% of properties in Birmingham had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Birmingham were in the under £50k price bracket, accounting for 0.1% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics