Revealed: How the average price of a home in the West Midlands compares to other parts of the UK

That figure is just 0.6 per cent higher than this time last year as the housing market continues to struggle.​

Nationally, the ​annual rate of growth in UK house prices halved to 0.8 per cent in September, from 1.6 per cent in August, according to an index.

In some areas, including the East Midlands, house prices are now lower on average than they were last year.

The housing market has floundered as we go into the autumn.

The average UK property value fell by 0.2 per cent month on month in September, following a 0.2 per cent increase in August, Nationwide Building Society said.

Across the UK, the average house price in September was £274,251, more than £20,000 higher than in the West Midlands.

House prices and change year-on-year

Northern Ireland, £227,922, + 5.9%

North West, £231,360, + 3.9%

Scotland, £196,215, + 3.3%

North East, £174,731, +3.3%

Yorkshire & Humber, £217,029, + 1.2%

Wales, £214,816, + 0.7%

West Midlands, £252,355, +0.6%

London, £529,720, +0.4%

Outer South East, £337,137, 0.0%

Outer Metropolitan, £427,430, -0.2%

South West, £305,180, -0.3%

East Midlands, £237,449, -0.5%

East Anglia, £272,119, -0.7%

Robert Gardner, Nationwide’s chief economist, said: “September saw UK annual house price growth halve to 0.8 per cent, the weakest rate of growth since December 2025. Market activity and house prices have remained subdued in recent months, in part reflecting the uncertain economic backdrop.

“Geopolitical tensions remain high, with the conflict in the Middle East exerting upward pressure on energy prices, fanning inflation concerns.

“This in turn has led to mounting financial market expectations of (Bank of England base rate) increases, which has maintained upward pressure on the market interest rates which underpin mortgage pricing.”

Mr Gardner said that underlying housing affordability is improving, “as house price growth has been well below earnings growth for some time”.

He said: “These gains have been only partially offset by higher mortgage rates. This suggests that activity should regain momentum providing the energy shock fades and confidence returns – especially if market interest rates fall back to pre-conflict levels.”

Karen Noye, a mortgage expert at Quilter said: “These figures show that many would-be movers are taking a ‘wait-and-see’ approach. Many buyers and sellers alike appear to be sitting on their hands as they wait for a clearer economic backdrop and a better understanding of the landscape ahead of John Healey’s first Budget.”

Tom Bill, head of UK residential research at Knight Frank, which operates in the West Midlands, said he expected no immediate upturn ahead of Christmas, adding: “House prices are stalling as the impact of rising mortgage rates takes its toll on demand, a pattern we expect to continue in the final three months of this year.”