Property prices in Powys
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Recent trends for prices in Powys
The latest figures from February 2024 indicate the property market in Powys continues to show rising price trends. Compared to January, 2024, average prices increased by 2.5% to £238,023. On an annual basis, average property prices have decreased -1.7% since 12 months ago.
In terms of sales activity, there were 63 residential property transactions completed in Powys during February, 2024. Of these purchases, 20 were financed with a mortgage while 27 were all-cash sales. For cash buyers, average prices have changed by 2.4% since January, 2024, coming in at around £247,035. For properties purchased with a mortgage, the average price changed by 2.5% since January, 2024, to £229,149.
Compared to the overall picture in its national parent Wales, the average property price in Powys are higher than the current national average of £210,717. While Powys saw a change of 2.5% over the last month, Wales as a whole recorded a percentage change of 0.4% in average property values. And on an annual basis, prices across Wales have contracted by -1.2%, more than the -1.7% yearly change seen in Powys.
Interested in purchasing a property in Powys? Use our Monthly Mortgage Cost Calculator to see how much a property may cost you per month. This tool is for illustrative purposes only and does not constitute financial advice.
Average price in Powys by housing type
Prices last recorded in February, 2024
average
£238,023
detached
£316,288
flat
£98,590
semi-detached
£213,446
terraced
£165,748
Prices by housing type in Powys
Recent data shows that price growth has varied across different property types in Powys over the last year. For terraced houses, property prices changed by 2.6% between February 2024 and January 2024 to reach £165,748, and changed by -1.8% over the last 12 months. The annual change was less than the -2.5% change seen for terraced homes in Wales overall.
Meanwhile, semi-detached properties saw a rise in average prices locally, taking them to £213,446 in January 2024. This represents a 2.8% change from the same month last year.This is underperforming the -0.4% annual change in semi-detached values across the country.
Detached homes in Powys gained 2.2% month-over-month to reach an average of £316,288. Annually, detached property values have changed by -2.1%. This is weaker price growth compared to Wales's -0.6% change for detached houses over the year.
For apartments and flats, average prices increased by 2.1% between February and January 2024, hitting £98,590. Over the last 12 months, apartment values have changed by -4.4%, lagging Wales's flat and apartment growth rate of -1.1%.
Overall, semi-detached properties have seen the strongest price momentum locally over the past year, with a change of -0.6%, while flat properties lagged, with a change of -4.4%.
Recent purchases in Powys
According to data from HM Land Registry, there were 63 completed property purchases in the area of Powys in February 2024. Of these sales, 27 were recorded as cash purchases whilst 20 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by -1.7% and the percentage of properties purchased with cash has changed by -1.8%.
The number of cash and mortgage purchases may not match the recorded number due to exclusions listed on the gov.uk website
Looking for a specific property type?
Use one of the following links to find more specific information about the type of property you're looking for in powys.
Detached property prices in powys
Semi-Detached property prices in powys
Terraced property prices in powys
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