Last year most property sales in West Midlands involved semi-detached properties which sold for on average £174,730. Terraced properties sold for an average price of £147,582, while detached properties fetched £309,207.
West Midlands, with an overall average price of £197,814 was more expensive than nearby East Midlands (£186,134) and North West (£174,064), but was cheaper than South West (£258,048). The priciest area within West Midlands was Warwickshire (£258,021) and the least expensive was Staffordshire (£175,298).
During the last year, sold prices in West Midlands were similar to the previous year and 11% up on 2013 when the average house price was £178,061.