The price of a newly built property is £373k in South West region. The price declined by £-12.6k (-3%) over the last twelve months. The price of an established property is £354k. There were 1927 sales of newly build properties. Most new properties were sold in the £300k-£400k price range with 670 (34.8%) properties sold, followed by £250k-£300k price range with 400 (20.8%) properties sold. Most new homes were sold in Somerset, with 473 sold to date from March 2024 - February 2025.
| March 2024 - February 2025 | South West region | England & Wales |
|---|---|---|
| Average price of a new home | £373k | £379k |
Average price change | -3% £-12.6k | -4% £-17.8k |
March 2024 - February 2025
| New or established | Average price |
|---|---|
| █ A newly built property | £373k |
| █ An established property | £354k |
March 2024 - February 2025
shows the total volume of new homes sold a given county.
| County | Sales volume | Market share | |
|---|---|---|---|
| Bristol | 92 | 4.8% | |
| Cornwall | 100 | 5.2% | |
| Devon | 365 | 18.9% | |
| Dorset | 207 | 10.7% | |
| Gloucestershire | 365 | 18.9% | |
| Somerset | 473 | 24.5% | |
| Wiltshire | 325 | 16.9% | |
shows a sales volume of new homes in a given price range between March 2024 - February 2025. See also South West property sales reports.
| Property price range | Market share | Sales volume |
|---|---|---|
| █ £50k-£100k | 0.2% | 3 |
| █ £100k-£150k | 1.3% | 26 |
| █ £150k-£200k | 4.9% | 94 |
| █ £200k-£250k | 8.4% | 162 |
| █ £250k-£300k | 20.8% | 400 |
| █ £300k-£400k | 34.8% | 670 |
| █ £400k-£500k | 16.4% | 316 |
| █ £500k-£750k | 10.3% | 199 |
| █ £750k-£1M | 2.4% | 46 |
| █ over £1M | 0.6% | 11 |
March 2024 - February 2025
March 2024 - February 2025
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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