Property prices in Stafford

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Recent trends for prices in Stafford

The latest figures from February 2024 indicate the property market in Stafford continues to show falling price trends. Compared to January, 2024, average prices decreased by -1.5% to £256,289. On an annual basis, average property prices have decreased -1.8% since 12 months ago.

In terms of sales activity, there were 71 residential property transactions completed in Stafford during February, 2024. Of these purchases, 26 were financed with a mortgage while 21 were all-cash sales. For cash buyers, average prices have changed by -1.7% since January, 2024, coming in at around £239,939. For properties purchased with a mortgage, the average price changed by -1.4% since January, 2024, to £264,250.

Compared to the overall picture in its national parent England, the average property price in Stafford are lower than the current national average of £297,735. While Stafford saw a change of -1.5% over the last month, England as a whole recorded a percentage change of 0.6% in average property values. And on an annual basis, prices across England have contracted by -1.1%, more than the -1.8% yearly change seen in Stafford.

Interested in purchasing a property in Stafford? 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 Stafford by housing type

Prices last recorded in February, 2024

average

£256,289

detached

£363,622

flat

£119,360

semi-detached

£235,784

terraced

£186,913

Prices by housing type in Stafford

Recent data shows that price growth has varied across different property types in Stafford over the last year. For terraced houses, property prices changed by -1.4% between February 2024 and January 2024 to reach £186,913, and changed by -2.8% over the last 12 months. The annual change was greater than the -1.7% change seen for terraced homes in England overall.

Meanwhile, semi-detached properties saw a fall in average prices locally, taking them to £235,784 in January 2024. This represents a -1.3% change from the same month last year.This is underperforming the 0.2% annual change in semi-detached values across the country.

Detached homes in Stafford lost -1.6% month-over-month to reach an average of £363,622. Annually, detached property values have changed by -1.1%. This is weaker price growth compared to England's -0.5% change for detached houses over the year.

For apartments and flats, average prices decreased by -1.8% between February and January 2024, hitting £119,360. Over the last 12 months, apartment values have changed by -4.7%, lagging England's flat and apartment growth rate of -2.8%.

Overall, semi-detached properties have seen the strongest price momentum locally over the past year, with a change of -0.9%, while flat properties lagged, with a change of -4.7%.

Recent purchases in Stafford

According to data from HM Land Registry, there were 71 completed property purchases in the area of Stafford in February 2024. Of these sales, 21 were recorded as cash purchases whilst 26 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by -1.5% and the percentage of properties purchased with cash has changed by -2.4%.

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 stafford.

Detached property prices in stafford

Semi-Detached property prices in stafford

Terraced property prices in stafford

Flat & Apartment property prices in stafford

First Time Buyer prices in stafford

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