Wales

Median & Average Home Asking Prices For Wales Beta

Snapshot data from
26 Feb 2024

Sales

Type Total homes
Median (typical) PriceThe middle value of sold asking prices. The median is less affected by "outliers" and best represents the typical asking price
Average priceThe total of all prices divided by the number of properties. "Outlier" prices or unusually expensive properties can skew these numbers
Sale Agreed

Sale Agreed

2,149

45.2%

£210,000

-2.3%

£248,566

-2.9%
For sale

For Sale

7,903

14.7%

£250,000

No change

£304,764

-0.7%

Ratio of "For Sale" to "Sold"


3.7 : 1

For Sale  
Sold

Price differences

These figures help illustrate the expectation gap between property actually selling and homes left on the market

For Sale / Sale Agreed
Median (typical) Price

£40,000

-19%

Sale Agreed
Median / Avg difference

£38,566

16%

For Sale / Sale Agreed
Average Price

£56,198

-23%

For Sale
Median / Avg difference

£54,764

18%

Lettings

Type Total homes
Median (typical) Price PCMThe middle value of sold asking prices. The median is less affected by "outliers" and best represents the typical asking price
Average price PCMThe total of all prices divided by the number of properties. "Outlier" prices or unusually expensive properties can skew these numbers
Sale Agreed

Let Agreed

368

93.7%

£795

6.0%

£916

14.4%
For sale

To Let

868

17.6%

£750

3.0%

£937

4.4%

Ratio of "To Let" to "Let Agreed"


2.4 : 1

To Let  
Let Agreed

Price differences

These figures help illustrate the expectation gap between let agreed prices and homes left on the market

To Let / Let Agreed
Median (typical) Price

£-45

6%

Let Agreed
Median / Avg difference

£121

13%

To Let / Let Agreed
Average Price

£21

-2%

To Let
Median / Avg difference

£187

20%

The prices on this page are arrived at as follows:

  1. We have included the prices of all publicly available homes we can find listed for sale, Sold subject to contract (or equivalent), To Let and Let in Wales.
  2. We have excluded non-home property listings, such as garages, land, chip shops, holiday caravans etc
  3. We have excluded any homes listed for sale with an asking price of less than £20,000
  4. We have displayed the total number of homes used in the calculation so you can see the sample size
  5. The average (mean) is calculated in the conventional way, adding up the total of all the prices and dividing it by the total number of homes.
  6. The median is calculated in the conventional way, finding the asking price of the mid-point of all homes in the sample (or, if the total is an even number, the middle two, divided by two)
  7. There is no seasonal adjustment.
  8. There is no ‘weighting’.
  9. There is no other manipulation of the calculation
  10. It’s intended for comparison purposes, so you can compare the average and median, sold v unsold, and see the ratio of properties for sale to sold, and the same ratio in lettings.
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