Last year most property sales in West Midlands involved semi-detached properties which sold for on average £174,736. Terraced properties sold for an average price of £147,003, while detached properties fetched £309,015.
West Midlands, with an overall average price of £198,026 was more expensive than nearby East Midlands (£185,965) and North West (£174,046), but was cheaper than South West (£258,186). The priciest area within West Midlands was Warwickshire (£257,485) and the least expensive was Staffordshire (£175,658).
During the last year, sold prices in West Midlands were 3% up on the previous year and 11% up on 2010 when the average house price was £178,399.