House prices in North Somerset have gone down by an average of over £4,000 in the month of January, according to figures from the Land Registry.

The latest data from the government department reveals that in January 2023 average house prices in North Somerset reached £341,730.

This was down from £346,348 in December, representing a 1.3 per cent decrease. In the last 12 months it has risen by 10.6 per cent.

If you are interested in buying or renting a home, you can see the latest properties in and around North Somerset here.

How much have house prices decreased in North Somerset?

Breaking it down for specific types of housing, all prices saw a decrease.

  • Detached houses - Down to £547,696 from £555,481 in December
  • Semi-detached houses - Down to £360,035 from £364,217 in December
  • Terraced houses - Down to £281,284 from £285,220 in December
  • Flats - Down to £198,836 from £201,735 in December

North Somerset Times: What%are%the%latest%house%prices%in%North Somerset%? (PA)What%are%the%latest%house%prices%in%North Somerset%? (PA)

How do North Somerset house prices compare to the UK average?

Despite the fall in prices this month, North Somerset is still above the UK average with a typical property value in the nations reaching £289,818 in January.

In cash terms, the average house price in January was £17,080 higher than a year earlier with house price growth accelerating to 6.3 per cent in January 2023. Prices were down by -1.1 per cent month on month.

How much could your house be worth?

We have created this map for the South West so you can see the average house price in each neighbourhood since 1995.

Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website.

The above map can demonstrate which areas of North Somerset are the most expensive for average house prices.