Last year most property sales in West Midlands involved semi-detached properties which sold for on average £167,711. Terraced properties sold for an average price of £140,943, while detached properties fetched £302,720.
West Midlands, with an overall average price of £191,619 was more expensive than nearby East Midlands (£178,326) and North West (£168,674), but was cheaper than South West (£247,238). The priciest area within West Midlands was Warwickshire (£246,183) and the least expensive was Staffordshire (£169,640).
During the last year, sold prices in West Midlands were 4% up on the previous year and 8% up on 2010 when the average house price was £178,148.