The average property value in The West Midlands is £264,036 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 The West Midlands grew by £30,474. Compare house prices by area
Average property prices in The West Midlands grew by 13.0% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 4.2% per year.
If prices in The West Midlands continue to rise by 4.2% a year, the average property price will be £310,925 in 2025.
The most expensive property values in The West Midlands are found in Warwickshire, and the cheapest property values are found in Stoke-on-Trent.
There were 70,582 property sales in The West Midlands in the year ending June 2021, an increase of 1,191 when compared to the previous year.
The average price for a house in The West Midlands ranges from £189,334 for a terraced house to £397,982 for a detached house, with semi-detached in between costing on average £228,185.
The average price for a flat or maisonette in The West Midlands is £149,656.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in The West Midlands, 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 39.8% from £284,727 to £397,982, semi-detached house prices have risen 47.7% from £154,476 to £228,185, terraced house prices have risen 47.9% from £128,020 to £189,334, and flat prices have risen 29.6% from £115,448 to £149,656.
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The most common type of property sold in The West Midlands during the year ending June 2021 was semi-detached houses, which accounted for 34.9% of properties.
The least commonly available type of property sold in The West Midlands were flats, which account for 8.2% of properties sold.
Of the properties sold in The West Midlands during 2021, 1.1% were new build properties.
The average price paid for a new build property in The West Midlands was £9,175 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was flats (46% of new build properties sold). For existing properties, the most common type is semi-detached houses (39% of existing properties sold).
The most common price band for property sales in The West Midlands is £200k - £300k, which accounted for 7.4% of properties sold in 2021.
0.1% of properties in The West Midlands 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 The West Midlands were in the under £50k price bracket, accounting for 0.1% of sales.
The cheapest property prices in The West Midlands are found in Stoke-on-Trent, where the average cost of a property is £144,082. Between the years ending June 2020 and June 2021, property prices have changed by 6.8% in Stoke-on-Trent (compared to 13.0% in The West Midlands)
Average property price
YoY change in price
|1|| Stoke-on-Trent |
|2|| Telford and Wrekin |
|3|| West Midlands County |
|4|| Staffordshire |
|5|| Shropshire |
The most expensive property values in The West Midlands are found in Warwickshire, where the average property price is £331,256. Between the years ending June 2020 and June 2021, property prices have changed by 10.9% in Warwickshire (compared to 13.0% in The West Midlands)
Average Property Price
YoY CHANGE in PRICE
|1|| Warwickshire |
|2|| Herefordshire, County of |
|3|| Worcestershire |
|4|| Shropshire |
|5|| Staffordshire |
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