The average property value in Mid Suffolk is £336,321 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 Mid Suffolk grew by £41,875. Compare house prices by area
Average property prices in Mid Suffolk grew by 14.2% 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 Mid Suffolk continue to rise by 4.5% a year, the average property price will be £401,737 in 2025.
There were 1,870 property sales in Mid Suffolk in the year ending June 2021, an increase of 413 when compared to the previous year.
The average price for a house in Mid Suffolk ranges from £215,732 for a terraced house to £429,984 for a detached house, with semi-detached in between costing on average £260,399.
The average price for a flat or maisonette in Mid Suffolk is £131,201.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Mid Suffolk, semi-detached 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 46.7% from £293,159 to £429,984, semi-detached house prices have risen 54.7% from £168,379 to £260,399, terraced house prices have risen 48.9% from £144,848 to £215,732, and flat prices have risen 33.0% from £98,630 to £131,201.
The most common type of property sold in Mid Suffolk during the year ending June 2021 was detached houses, which accounted for 52.1% of properties.
The least commonly available type of property sold in Mid Suffolk were flats, which account for 3.3% of properties sold.
Of the properties sold in Mid Suffolk during 2021, 4.1% were new build properties.
The average price paid for a new build property in Mid Suffolk was £45,789 lower than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (48% of new build properties sold). For existing properties, the most common type is detached houses (53% of existing properties sold).
The most common price band for property sales in Mid Suffolk is £200k - £300k, which accounted for 24.0% of properties sold in 2021.
0.5% of properties in Mid Suffolk 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 Mid Suffolk 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