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 £245,100.

On average house prices in the West Midlands decreased by 4.0% or £10,190 over the last month.

Over the last year (last 12 calendar months) average house prices in the West Midlands increased by 3.4% or £7,960.

However, across the West Midlands, there is a significant spread of house prices at the Local Authority level ranging from £145,200 in Stoke-on-Trent to £386,700 in Stratford-on-Avon.

Why house prices won't crash this year  

West Midlands average house prices by local authority

We show in the chart 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 £386,700

Warwick, where the average house costs £372,400, and

Bromsgrove where you can buy the average home for £359,300

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 £145,200

Newcastle-under-Lyme with average house prices of £188,500, and

Sandwell where the average house will set you back £198,000

West Midlands house price winners last month (percentage)

Across the West Midlands decreased by 4.0% over the last month, however, within the West Midlands not all house prices decreased by the same amount.

Over the last month house prices in the West Midlands increased the most in percentage terms in:

Redditch where average house prices increased by 1.5%,

Wyre Forest where average house prices rose by 0.8%,

Warwick where average house prices were up by 0.5%

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:

Redditch where house prices climbed by £4,000,

Wyre Forest where house prices increased by £2,100,

Warwick where house prices rose by £1,760

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 3.4%

The biggest house price winners in percentage terms across the West Midlands over the last year are listed below:

Nuneaton and Bedworth with average house prices up 11.4%,

Telford and Wrekin, which has seen house prices increase by 10.7% over the last twelve months, and

Cannock Chase where house prices have risen, on average, by 10.3%

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 £7,960. We show the areas where house prices increased the most in the West Midlands below

Stratford-on-Avon which has seen house prices increase by £32,700,

Wychavon with house prices gains of £31,900,

Malvern Hills where house prices have risen, on average, by £31,040

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:

Staffordshire Moorlands where average house prices dropped by 3.8%,

North Warwickshire where average house prices fell by 3.7%,

Stafford where average house prices were down 3.4%

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:

North Warwickshire which saw house prices fall, on average, by £9,940,

Staffordshire Moorlands where average house prices fell by £8,980,

Stafford where house prices were down £8,920

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 3.4% 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:

Newcastle-under-Lyme where house prices have risen by 2.6%,

Herefordshire, County of, with average house price inflation of 2.9%, and

Stafford with house price inflation at 3.3%

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 £7,960, 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:

Newcastle-under-Lyme which has seen house prices up by £4,750,

Stafford with house prices rise of £8,170,

Herefordshire, County of where house prices have increased, on average, by £8,600

We show in the chart below the areas of the West Midlands with the worst absolute house price performance over the last 12 months.