How a lot is a house in your space?

Should you prefer to hold updated with what’s taking place within the property market, then our month-to-month Home Value Index is a superb place to begin.

Every month, we have a look at how many individuals wish to transfer, what number of properties there are on the market, and we additionally monitor the common asking worth of a house in every space of Nice Britain. However there are millions of completely different native markets, and a variety of common costs. You may verify our bought costs instrument to learn how a lot properties in your space have just lately bought for.

This month, we noticed the common nationwide asking worth drop for simply the second time this yr (down 1.1%, to £366,999). And right here’s why it’s common to see a drop in home costs right now of yr.

So, how do common costs fluctuate based on the place you reside, or the place you is perhaps considering of shifting to? We’ve taken a have a look at the completely different areas and nations throughout Nice Britain, in addition to some properties presently on the market in every space.

North East

Common asking worth Nov 22: £179,504
% change since final month: -1.6%

Relating to common asking costs, the North East is probably the most reasonably priced area in England. And despite the fact that we’ve seen a drop within the area this month, the common worth of a house remains to be 9.1% increased than throughout the identical interval in 2021.

Check out this dwelling on the market within the North East:

Scotland

Common asking worth Nov 22: £182,388
% change since final month: -2.2%

Properties are promoting the quickest in Scotland. It presently takes a median of 25 days for brand spanking new sellers to discover a purchaser.

Check out this dwelling on the market in Scotland:

Yorkshire & the Humber

Common asking worth Nov 22: £241,858
% change since final month: -0.7%

Yorkshire & the Humber has seen the most important annual enhance in asking costs. And even with this month’s worth drop, the price of a house is 10.3% increased than the identical interval final yr.

Check out this dwelling on the market in Yorkshire & the Humber:

North West

Common asking worth Nov 22: £248,790
% change since final month: -1.1%

The common asking worth of a house within the North West area of England is nicely beneath the nationwide common, at £248,790.

Check out this dwelling on the market within the North West:

Wales

Common asking worth Nov 22: £253,832
% change since final month: -3%

The common asking worth of a house in Wales is £253,832, and on common, it takes sellers 43 days to discover a purchaser.

Check out this dwelling on the market in Wales:

West Midlands

Common asking worth Nov 22: £284,908
% change since final month: -1.4%

In England, properties are promoting the quickest within the West Midlands area in the mean time, the place it’s taking a median of 36 days to discover a purchaser. Asking costs have risen 9.6% yearly, however are nonetheless nicely beneath the nationwide common.

Check out this dwelling on the market within the West Midlands:

East Midlands

Common asking worth Nov 22: £285,164
% change since final month: -0.6%

The common asking worth of a house within the East Midlands is simply over £285,000, which is nearly equivalent to its West Midlands neighbour.

Check out this dwelling on the market within the East Midlands:

South West

Common asking worth Nov 22: £386,357
% change since final month: -1.8%

The common asking worth of a house within the South West is closest consistent with the nationwide common, at £386,357. It takes a median of 37 days for sellers to discover a purchaser for his or her dwelling.

Check out this dwelling on the market within the South West:

East of England

Common asking worth Nov 22: £424,884
% change since final month: -0.1%

The East of England area has seen the smallest month-to-month drop in asking costs this month, at simply 0.1%.

Check out this dwelling on the market within the East of England:

South East

Common asking worth Nov 22: £485,847
% change since final month: -1.8%

The South East is the second most costly area in England, behind London. Asking costs are up 6.6% when in comparison with the identical interval in 2021, and it takes a median of 41 days to discover a purchaser.

Check out this dwelling on the market within the South East:

London

Common asking worth Nov 22: £682,422
% change since final month: -1.9%

The common asking worth of a house in London is £682,422, which remains to be greater than 5% increased than a yr in the past, regardless of a month-to-month worth fall.

Check out this dwelling on the market in London: