Last year most property sales in West Midlands involved semi-detached properties which sold for on average £166,447. Terraced properties sold for an average price of £140,233, while detached properties fetched £297,726.
West Midlands, with an overall average price of £189,451 was more expensive than nearby East Midlands (£175,726) and North West (£167,799), but was cheaper than South West (£243,144). The priciest area within West Midlands was Warwickshire (£244,325) and the least expensive was Staffordshire (£167,836).
During the last year, sold prices in West Midlands were 5% up on the previous year and 6% up on 2010 when the average house price was £178,132.