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 £255,900.

On average house prices in the West Midlands increased by 3.8% or £9,430 over the last month.

Over the last year (last 12 calendar months) average house prices in the West Midlands increased by 18.0% or £39,120.

However, across the West Midlands, there is a significant spread of house prices at the Local Authority level ranging from £143,300 in Stoke-on-Trent to £393,800 in Stratford-on-Avon.

West Midlands average house prices by local authority

We show in the chart below the average house price 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 £393,800

Warwick, where the average house costs £364,000, and

Bromsgrove where you can buy the average home for £354,900

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 £143,300

Newcastle-under-Lyme with average house prices of £193,500, and

Sandwell where the average house will set you back £198,800

West Midlands house price winners last month (percentage)

Across the West Midlands increased by 3.8% 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:

East Staffordshire where average house prices increased by 5.2%,

Solihull where average house prices rose by 3.7%,

Staffordshire Moorlands where average house prices rose by 3.6%

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.

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:

Solihull where house prices climbed by £12,230,

East Staffordshire where house prices increased by £11,670,

Wychavon where house prices rose by £9,780

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 18.0%

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

Nuneaton and Bedworth with average house prices up 15.6%,

East Staffordshire, which has seen house prices increase by 15.5% over the last twelve months, and

Herefordshire, County of where house prices have risen, on average, by 15.4%

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 £39,120. 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 £51,830,

Herefordshire, County of with house prices gains of £40,590,

Wychavon where house prices have risen, on average, by £40,170

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. The biggest relative house prices losers last month were:

North Warwickshire where average house prices rose by 0.0%,

Malvern Hills where average house prices rose by 0.1%,

Warwick where average house prices were up 0.4%

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 rise, on average, by £40,

Malvern Hills where average house prices rose by £270,

Warwick where house prices were up £1,360

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 18.0% 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:

Malvern Hills where house prices have risen by 8.1%,

Walsall, with average house price inflation of 8.8%, and

Coventry with house price inflation at 10.1%

We show the percentage change in house prices over the last twelve months across every Local Authority in the South East 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 £39,120, 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:

Stoke-on-Trent which has seen house prices up by £15,500,

Walsall with house prices rise of £16,910,

Coventry where house prices have increased, on average, by £20,640

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