If you’re thinking of buying a home in Birmingham but not sure how much it will cost, then you’ve come to the right place. In this blog we will talk about house prices in this area. Need a precise value? Book a free online property valuation with us.
Through our property selling services offered in the city and across the West Midlands, Love Your Postcode has earned a strong reputation in the local market, becoming one of the most in demand estate agents in Birmingham.
Birmingham is the second-most populous city in the United Kingdom, after London, and the most populous city in the English Midlands.
A market town in the medieval period, Birmingham grew in the 18th century Midlands Enlightenment and subsequent Industrial Revolution, which saw advances in science, technology, and economic development, producing a series of innovations that laid many of the foundations of modern industrial society.
The city is a major international commercial centre and an important transport, retail, events and conference hub.
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What’s the average house price in Birmingham?
The majority of sales in Birmingham during the last year were terraced properties, selling for an average price of £165,365. Semi-detached properties sold for an average of £205,147, with flats fetching £158,738.
Birmingham, with an overall average price of £193,346, was similar in terms of sold prices to nearby Birmingham City Centre (£192,846), but was more expensive than Sparkhill (£146,421) and Small Heath (£127,560).
Overall sold prices in Birmingham over the last year were 3% up on the previous year and 16% up on the 2015 level of £166,273, says Rightmove.
The average price for property in Birmingham stood at £203,606 in November 2018. This is a fall of 0.82% in the last three months (since August 2018) and rise of 2.22% since 12 months ago. In terms of property types, flats in Birmingham sold for an average of £155,128 and terraced houses for £163,095. This is according to the current Zoopla estimates.
Do you know how much your property is worth? Find out here.
Our local estate agents give your home maximum exposure online & offline, getting it more views from potential applicants, therefore more offers, and ultimately the highest possible finishing value. This means you end up with more money in your pocket and you enjoy a higher quality service. Call us on 0800 862 0870, download our property app or book a free online property valuation today.