Property prices in Birmingham
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Find out how property prices are changing in your local area and across the United Kingdom
Recent trends for prices in Birmingham
The latest figures from July 2024 indicate the property market in Birmingham continues to show rising price trends. Compared to June, 2024, average prices increased by 0.7% to £233,174. On an annual basis, average property prices have increased 0.5% since 12 months ago.
In terms of sales activity, there were 423 residential property transactions completed in Birmingham during July, 2024. Of these purchases, 247 were financed with a mortgage while 83 were all-cash sales. For cash buyers, average prices have changed by 0.7% since June, 2024, coming in at around £214,914. For properties purchased with a mortgage, the average price changed by 0.7% since June, 2024, to £240,475.
Compared to the overall picture in its national parent England, the average property price in Birmingham are lower than the current national average of £305,879. While Birmingham saw a change of 0.7% over the last month, England as a whole recorded a percentage change of 0.2% in average property values. And on an annual basis, prices across England have grown by 1.6%, more than the 0.5% yearly change seen in Birmingham.
Interested in purchasing a property in Birmingham? Use our Monthly Mortgage Cost Calculator to see how much a property may cost you per month. This tool is for illustrative purposes only and does not constitute financial advice.
Average price in Birmingham by housing type
Prices last recorded in July, 2024
average
£233,174
detached
£436,162
flat
£157,912
semi-detached
£267,804
terraced
£213,873
Prices by housing type in Birmingham
Recent data shows that price growth has varied across different property types in Birmingham over the last year. For terraced houses, property prices changed by 0.8% between July 2024 and June 2024 to reach £213,873, and changed by 0.6% over the last 12 months. The annual change was greater than the 1.8% change seen for terraced homes in England overall.
Meanwhile, semi-detached properties saw a rise in average prices locally, taking them to £267,804 in June 2024. This represents a 0.7% change from the same month last year.This is underperforming the 2.2% annual change in semi-detached values across the country.
Detached homes in Birmingham gained 0.6% month-over-month to reach an average of £436,162. Annually, detached property values have changed by -0.8%. This is weaker price growth compared to England's 1.6% change for detached houses over the year.
For apartments and flats, average prices increased by 0.9% between July and June 2024, hitting £157,912. Over the last 12 months, apartment values have changed by 0.4%, lagging England's flat and apartment growth rate of 0.4%.
Overall, semi-detached properties have seen the strongest price momentum locally over the past year, with a change of 0.9%, while detached properties lagged, with a change of -0.8%.
Recent purchases in Birmingham
According to data from HM Land Registry, there were 423 completed property purchases in the area of Birmingham in July 2024. Of these sales, 83 were recorded as cash purchases whilst 247 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by 0.6% and the percentage of properties purchased with cash has changed by 0.3%.
The number of cash and mortgage purchases may not match the recorded number due to exclusions listed on the gov.uk website
Looking for a specific property type?
Use one of the following links to find more specific information about the type of property you're looking for in birmingham.
Detached property prices in birmingham
Semi-Detached property prices in birmingham
Terraced property prices in birmingham
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