Birmingham House Prices

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Birmingham House Prices
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House prices are currently coming under scrutiny after many years of continued growth. Due to well-publicised economic factors, it is the general consensus that house prices may fall up to 10% nationwide in 2023, although like most things in life there are no certainties, and a lot of noise is educated guesswork at best at the moment.

But if there was to be a fall in house prices, how would things look locally in Birmingham? Would hose prices also fall here or would they be resilient – or would they even continue to rise?

We’re going to take a closer look at the regions in and around England‘s second largest city to help you plan you next property move, whether that involves selling to cash house buyers like We Buy Any Home so you can get funds to invest in the city centre family home in as little as 7 days, or perhaps expanding not the student rental market.

Birmingham house prices by area

So how have things been looking in Birmingham over the past year? According to sold data from Rightmove the average cost of properties in Birmingham was £264,111 making it the 39th cheapest place to live in England despite seeing a 4% increase year on year.

A 4% rise is encouraging but it is down significantly on the 11% increase seen the year before. So, does this mean that prices will slow even further or drop? Let’s look at each area of the city and delve deeper into the figures.


Edgbaston, one of Birmingham’s most upscale neighbourhoods, is a popular destination for those seeking a luxurious lifestyle. This affluent area is well-known for its picturesque Birmingham Botanical Gardens, providing a serene escape from city life.

In the past year, the average property price in Edgbaston stood at £310,510. Flats constituted the majority of sales, with an average selling price of £206,463. Compared to the prior year, Edgbaston experienced a 3% rise in property prices, and they were 11% higher than the peak value recorded in 2020.


Another affluent area is Knowle (B93). A charming, leafy village close to Solihull, Knowle is popular with families and has a thriving high street and the City Centre is just 25 minutes away, making it an ideal commuter town close to Birmingham.

Properties in Knowle are significantly higher than the national average, with an average selling price of £617,752. Detached homes constituted the majority of sales, with an average price of £842,856. Property prices in Knowle experienced a 5% increase in year, again outperforming the Birmingham average.


Digbeth, a lively and affordable neighbourhood in Birmingham, offers a youthful atmosphere for those seeking a lower-cost alternative to Edgbaston. Located southeast of the city centre, Digbeth’s average property price is around £180,000 making it a much more affordable option. This trendy area attracts a young crowd who appreciate its creative venues, brunch spots, converted warehouses, street art, and exciting events.

Small Heath

Birmingham is undergoing significant redevelopment, making properties in certain areas highly attractive to investors. One such emerging area is Small Heath, which is located in the southeast part of the city. Known for being the setting of the popular BBC drama Peaky Blinders, Small Heath boasts excellent transportation connections. In the past year, the average property price in Small Heath was £153,642 which was actually 5% lower than the previous year, and they were 2% lower than the peak value recorded in 2020, which was £156,035. No wonder this is an area investors are looking at closely, especially with the development it is experiencing hinting at future price rises.


Located approximately five miles northeast of Birmingham’s city centre, Erdington is undoubtedly among the top residential areas in and around the city. The area has seen a big increase in property prices as a result. Over the past year, the average selling price of properties in Erdington was £255,275, a 13% increase year on year, and they were 23% higher than the peak recorded in 2020.

Birmingham City Centre

City centre living is ideal for those who enjoy the energetic atmosphere of urban life. Birmingham’s city centre is home to famous landmarks such as the Bullring shopping centre, Grand Central, and Victoria Square, offering a myriad of exciting activities and experiences. Both during the day and night, the city is bustling with engaging events and attractions.

The average property price in Birmingham City Centre last year was £236,222 which represents a 5% decrease, and they were 2% lower than the peak value recorded in 2020.

House Prices by Property Type

In Birmingham, the property market can be summarised by both price range and property type. Most  sales occur within the £150k-£200k range, holding a 21.7% market share. It is clear that the majority of sales in Birmingham are for properties well below the national average, representing a chance for investors who want to sell house fast to cash house buyers and reinvest in an affordable, up and coming city.

In terms of the cost of specific property types, Birmingham can be summarised as follows:

  • Detached – £530k
  • Flat – £165k
  • Semi-Detached – £280k
  • Terraced – £225k

What is also interesting is the difference in price between established properties and new builds. The average price for a newly built property in Birmingham is £343k, while the average price for an established property is £281k, meaning there is potentially much more value to be had away from the new build sites. 

Will house prices increase/decrease in Birmingham?

The good news for Birmingham homeowners and investors is that city centres like Birmingham are not expected to see drops in prices as big as elsewhere in the country.  In fact, over the next five years, optimistic projections suggest continued growth in the city’s housing market.

Birmingham’s property market is expected to witness a 19% house price growth between 2023 and 2027, according to JLL’s Q4 2022 house price forecast. This impressive figure far surpasses the anticipated UK average of 8.9% for the same period. Amid a rising demand from both owner-occupiers and property investors, Birmingham’s housing market remains strong, with a continued shortage of available properties pushing up prices.

The city’s rental market is also expected to grow over the next five years. Birmingham’s rental sector is predicted to see prices increase by 3.6% between 2023 and 2027, only slightly behind Manchester’s projected 4% growth.

Sell your house fast in Birmingham

Selling on the market isn’t the only option when selling your property. If you’re looking to make a quick house sale in Birmingham, you’ve come to the right place. We Buy Any Home is the perfect cash house buyer to help you sell your house fast in Birmingham. We cover all legal fees, and you could have cash in your account in as little as 7 days.  

Want to know more about how it all works? Then get a free, no obligation cash offer from us now by calling the number below. 


Free cash offer within minutes, any condition, any location.

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