Birmingham City Centre House Prices, Birmingham
Birmingham City Centre is an area, located in Birmingham.
Birmingham City Centre House Prices
As of June, 2024, the average house prices in Birmingham City Centre are as follows:
- studio – £130,000 (1.57%)
- 1 bedroom flat – £170,000 (-1.47%)
- 2 bedroom flat – £260,000 (-1.51%)
- 3 bedroom flat – £400,000 (-4.6%)
- 4 bedroom flat – £375,000 (9.63%)
- 5 bedroom flat – £625,000 (0%)
Keep in mind that these are simply the average rates for Birmingham City Centre 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 City Centre, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average Birmingham City Centre house price is £218,000, low by 0.79% as of £219,725 in May, 2024.
- Currently, there are 2,615 houses for sale and an average of 20 property sales per month. Demand in the real estate market is low, so that price may fall.
Check back next month for updated Birmingham City Centre house prices.
Birmingham City Centre House Prices Growth
The average house price in Birmingham City Centre over the last 5 years is as follows:
- 2019-06 – £182,323
- 2020-06 – £199,625 (9.49%)
- 2021-06 – £213,634 (7.02%)
- 2022-06 – £214,551 (0.43%)
- 2023-06 – £223,365 (4.11%)
- 2024-06 – £207,400 (-7.15%)
Sold house prices in Birmingham City Centre have dropped from June, 2023 to June, 2024. Compared to June, 2019, house prices are now up 13%. Thus, if the trend continues, purchasing real estate in Birmingham City Centre in the current climate could be favourable, with the potential for an attractive profit in the future.
In addition to checking the average Birmingham City Centre house prices, it’s also wise to keep an eye on house rent prices in Birmingham City Centre. 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 City Centre.