If you’re thinking of making a move, you’ll know there have been plenty of headlines about house prices recently.
Average asking prices usually increase in January, after the quiet home-moving period over Christmas. And after two previous months of price falls in November and December, we’ve seen the average asking price of a home in Great Britain riseby 0.9%, to £362,438.
This January’s price growth is the biggest we’ve seen at this time of year since 2020. But it’s based on a national average, and prices vary among different locations across up and down the country. Lots of smaller, local markets can be affected in different ways. For instance, price growth in an area could vary from street to street, depending on the types of homes available, along with the desirability of the location.
Our monthly House Price Index has the most up-to-date monthly data on asking prices in England, Scotland and Wales, because it’s based on the prices set by sellers who have their homes on the market now.
So, we’ve taken a closer look at some of the homes listed for sale within the past few weeks in Scotland, Wales and each region of England. You can also check current asking prices in each location, and see how they’ve changed in the past year, along with how long it’s taking for homes to sell in each area.
Scotland
Average asking price Jan 2023: £169,594
Monthly change: -5.2 %
Year-on-year change: +4.4%
Average time to sell: 36 days
Average asking prices in Scotland are less than half the price of the national average, at £169,594, although they have risen by more than 4% in the past year. It’s also the location where homes are selling the fastest, within 36 days on average.
Take a closer look at this home for sale in Scotland
A 3-bed end-of-terrace villa Durie Place, Edzell Offers Over £140,000
Yopa, Scotland
North East
Average asking price Jan 2023: £179,673
Monthly change: +1 %
Year-on-year change: +8.7%
Average time to sell: 49 days
The North East is the least expensive region in England to buy a home, with asking prices almost less than half the national average. Prices are up by 8.7% compared to last year, and homes are currently taking around 49 days to sell.
Take a closer look at this home for sale in the North East
A 3-bed semi-detached townhouse Beechwood Close, Durham £170,000
Strike, Tyne, Tees & Border
Yorkshire & Humber
Average asking price Jan 2023: £235,340
Monthly change: -0.2 %
Year-on-year change: +9.5%
Average time to sell: 50 days
Average asking prices have risen by 9.5% in Yorkshire & Humber, which is the biggest annual price growth of all of the different regions of England. Homes here are currently taking an average of 50 days to sell.
Take a closer look at this home for sale in Yorkshire & Humber
A 3-bed semi-detached houseBedale Road, CastlefordOffers over £234,000
Bettermove, Nationwide
North West
Average asking price Jan 2023: £248,829
Monthly change: +1.5 %
Year-on-year change: +8.7%
Average time to sell: 49 days
Take a closer look at this home for sale in the North West
A 4-bed semi-detached houseBongate Cross, Appleby-in-Westmorland£240,000
Hackney & Leigh, Penrith
Wales
Average asking price Jan 2023: £251,611
Monthly change: +1.3 %
Year-on-year change: +9%
Average time to sell: 57 days
Take a closer look at this home for sale in Wales
A 3-bed houseBettws Hill, Bettws£250,000
Number One Real Estate, Newport
West Midlands
Average asking price Jan 2023: £281,660
Monthly change: +0.9 %
Year-on-year change: +7.2%
Average time to sell: 48 days
Take a closer look at this home for sale in West Midlands
A 2-bed terrace with period featuresBearwood, West Midlands£265,000
Robert Oulsnam & Company, Hagley Road
East Midlands
Average asking price Jan 2023: £286,753
Monthly change: +1.8 %
Year-on-year change: +7.5%
Average time to sell: 52 days
East Midlands saw the highest monthly rise in asking prices of all locations across Great Britain, and annual growth of 7.5 %.
Take a closer look at this home for sale in East Midlands
A 3-bed Edwardian stone-built villaUnity Villas, Dale Road North, Matlock£290,000
New Home Agents, Leeds
South West
Average asking price Jan 2023: £371,485
Monthly change: -0.4%
Year-on-year change: +3.4%
Average time to sell: 49 days
Take a closer look at this home for sale in the South West
A 3-bed Cotswold stone houseStation Road, AndoversfordOffers over £375,000
Cook Residential, Cheltenham
East of England
Average asking price Jan 2023: £417,192
Monthly change: -0.3%
Year-on-year change: +5.3%
Average time to sell: 55 days
Take a closer look at this home for sale in the East of England
A 2/3-bed thatched cottageAilsworth, Peterborough£400,000
Quentin Marks Estate Agents, Bourne
South East
Average asking price Jan 2023: £473,598
Monthly change: +0.1 %
Year-on-year change: +5%
Average time to sell: 54 days
Take a closer look at this home for sale in the South East
A 2-bed extended houseRomsey, Hampshire£465,000
Michael Rhodes, Romsey
London
Average asking price Jan 2023: £667,587
Monthly change: +0.2 %
Year-on-year change: +6.1%
Average time to sell: 67 days
London is the most expensive location to buy a home in England. Average asking prices are up by 6% compared to a year ago, at £667,587, and £300,000 more than the national average.
Take a closer look at this home for sale in London
A 2-bed flat with a communal gardenNorthchurch Road, de Beauvoir£650,000
Butler & Stag, London
READ MORE: Why have house prices risen this month?
