House price winners and losers West Midlands
The latest data from the Land Registry reveals that the average house price in the West Midlands is currently £248,200.
On average house prices in the West Midlands increased by 0.5% or £1,230 over the last month.
Over the last year (last 12 calendar months) average house prices in the West Midlands increased by 2.2% or £5,340.
However, across the West Midlands, there is a significant spread of house prices at the Local Authority level ranging from £144,100 in Stoke-on-Trent to £383,500 in Stratford-on-Avon.
West Midlands average house prices by local authority
We show in the graph below the average house prices for every local authority across the West Midlands.
The three most expensive areas for house prices in the West Midlands are:
Stratford-on-Avon where average house prices are £383,500
Warwick, where the average house costs £364,900, and
Bromsgrove where you can buy the average home for £341,800
The three least expensive areas for house prices in the West Midlands are:
Stoke-on-Trent where you can snap up the average home for £144,100
Newcastle-under-Lyme with average house prices of £194,500, and
Sandwell where the average house will set you back £197,200
West Midlands house price winners last month (percentage)
Across the West Midlands increased by 0.5% over the last month, however, within the West Midlands not all house prices increased by the same amount.
Over the last month house prices in the West Midlands increased the most in percentage terms in:
Rugby where average house prices increased by 1.8%,
Wolverhampton where average house prices rose by 1.8%,
Telford and Wrekin where average house prices were up by 1.1%
The chart below shows the hottest 25 housing markets across the West Midlands where house prices increased the most in percentage terms over the last month. Do you live in the hottest market?
West Midlands absolute house price winners last month
When we look at the absolute (monetary) house price rises across the West Midlands last month, we saw the biggest house price increases in
Rugby where house prices climbed by £5,370,
Wolverhampton where house prices increased by £3,580,
Malvern Hills where house prices rose by £2,920
West Midlands relative house price winners last 12 months
House prices have increased significantly over the last 12 months in many areas of the West Midlands. On average across the West Midlands house prices have increased by 2.2%
The biggest house price winners in percentage terms across the West Midlands over the last year are listed below:
Telford and Wrekin with average house prices up 9.1%,
Stoke-on-Trent, which has seen house prices increase by 6.8% over the last twelve months, and
Rugby where house prices have risen, on average, by 5.2%
We show the top 25 housing markets, where house prices have increased the most on a relative (percentage) basis across the West Midlands in the chart below
West Midlands absolute house price winners last 12 months
Turning to the absolute or monetary increases in house prices across the West Midlands over the last 12 months, on average house prices increased by £5,340. We show the areas where house prices increased the most in the West Midlands below
Telford and Wrekin which has seen house prices increase by £18,950,
Warwick with house prices gains of £15,050,
Rugby where house prices have risen, on average, by £15,000
We show the West Midlands's top 25 housing markets in terms of absolute house price increases over the last 12 months in the chart below.
West Midlands relative house price losers last month
Unfortunately, house prices did not rise in every area of the West Midlands last month. Do you live in one of the underperforming areas? The biggest relative house prices losers last month were:
Wychavon where average house prices dropped by 5.7%,
Redditch where average house prices fell by 3.9%,
North Warwickshire where average house prices were down 3.6%
We show the percentage changes in house prices for each local authority across West Midlands in the chart below
West Midlands absolute (monetary) house prices losers last month
In monetary terms, house prices in the West Midlands fell or increased the least in:
Wychavon which saw house prices fall, on average, by £19,630,
Redditch where average house prices fell by £10,550,
North Warwickshire where house prices were down £9,020
We show the monetary change in average house prices across each Local Authority across West Midlands in the chart below:
West Midlands relative house price losers last year
Whilst the average house prices in the West Midlands increased by 2.2% over the last twelve months, not all areas of the West Midlands performed as well.
At the bottom end of the West Midlands's annual house price table are:
North Warwickshire where house prices have fallen by 4.7%,
Wychavon, with average house price deflation of 3.9%, and
Wyre Forest with house price deflation at 0.7%
We show the percentage change in house prices over the last twelve months across every Local Authority in the West Midlands in the chart below
West Midlands absolute house prices losers last 12 months
Finally turning to the monetary or cash changes to house prices in the West Midlands over the last year. Average house prices across the West Midlands increased by £5,340, but not all areas of the West Midlands performed as well. The areas which saw the worst house price performance in the West Midlands over the last year were:
Wychavon which has seen house prices down by £13,180,
North Warwickshire with house prices fall of £11,910,
Wyre Forest where house prices have decreased, on average, by £1,690
We show in the chart below the areas of the West Midlands with the worst absolute house price performance over the last 12 months.
