Birmingham House Prices

As of June, 2024, the average house prices in Birmingham are as follows:

studio – £130,000 (4%)
1 bedroom flat – £155,000 (-1.74%)
2 bedroom flat – £210,000 (-2.33%)
3 bedroom flat – £270,000 (2.86%)
4 bedroom flat – £450,000 (7.78%)
5 bedroom flat – £600,000 (12.68%)

Keep in mind that these are simply the average rates for Birmingham house prices, so you can find quality properties for more or less than these numbers. In addition to this month’s sold house prices in Birmingham, let’s explore how sales are trending this year.

Selling Trends

As of June, 2024, the average Birmingham house price is £260,000, high by 8.33% as of £240,000 in May, 2024.
Currently, there are 14,023 houses for sale and an average of 675 property sales per month. Demand in the real estate market is low, so that price may fall.

Check back next month for updated Birmingham house prices.

Birmingham House Prices Growth

The average house price in Birmingham over the last 5 years is as follows:

2019-06 – £195,324
2020-06 – £200,834 (2.82%)
2021-06 – £219,872 (9.48%)
2022-06 – £227,324 (3.39%)
2023-06 – £243,847 (7.27%)
2024-06 – £241,787 (-0.84%)

Sold house prices in Birmingham remained unchanged from June, 2023 to June, 2024. Compared to June, 2019, house prices are now up 23%. Thus, if the trend continues, purchasing real estate in Birmingham in the current climate could be favourable, with the potential for an attractive profit in the future.

In addition to checking the average Birmingham house prices, it’s also wise to keep an eye on house rent prices in Birmingham. If you aren’t quite ready to buy or want to purchase an investment property, it’s a good idea to stay up-to-date on the latest rent rates!

Check back to HowToEstate soon for updated prices on renting, buying, and selling property in Birmingham.