Bristol House Prices Hit £179,995 Median
Bristol's median house price is £179,995, with 458,220 recorded sales
Introduction to Bristol's Market
The median house price in Bristol has reached £179,995, according to the latest data from the UK house prices series. With a total of 458,220 recorded sales, Bristol's property market has shown significant growth over the years. The city's house prices range from a minimum of £100 to a maximum of £4,820,000, indicating a diverse range of properties available.
Long-term Price Trend
Looking at the long-term trend, Bristol's median house price has increased substantially since the early years of the series. In 1995, the median price was £53,250, which is significantly lower than the current median. The price increase over the years can be attributed to various factors, including demand and supply dynamics, economic growth, and infrastructure development.
Yearly Median Price Comparison
Comparing the yearly median prices, it is evident that Bristol's property market has experienced steady growth. The median price in 1996 was £55,000, which increased to £59,000 in 1997 and £64,950 in 1998. The prices continued to rise, reaching £73,750 in 1999 and £84,750 in 2000. The growth trend has persisted, with some fluctuations, to reach the current median price of £179,995.
Price per Square Metre
The price per square metre in Bristol is £2,402, which can be useful for buyers and sellers to estimate the value of properties. This figure, combined with the median price, provides a comprehensive understanding of the city's property market.
Comparison with Early Years
Comparing the early years of the series with the latest data, it is clear that Bristol's property market has undergone significant changes. The median price has increased by more than £126,000 since 1995, indicating a substantial rise in property values. This growth can be attributed to various factors, including urban regeneration, infrastructure development, and economic growth.
Real-terms Price Trend
Adjusting for inflation, the real-terms price trend in Bristol shows a steady increase over the years. Although the nominal prices have risen significantly, the real-terms prices have also increased, indicating that the growth is not solely due to inflation.
How this Compares
In comparison to other UK cities, Bristol's median house price of £179,995 is relatively high. However, the city's property market has shown steady growth, making it an attractive option for buyers and sellers. With 146,513 EPC-matched properties and a total of 458,220 recorded sales, Bristol's market offers a wide range of options for those looking to buy or sell.
Your Questions
- What is the median house price in Bristol?
- The median house price in Bristol is £179,995.
- How many recorded sales are there in Bristol?
- There are 458,220 recorded sales in Bristol.
- What is the price range of properties in Bristol?
- The price range of properties in Bristol is from £100 to £4,820,000.
Figures from HM Land Registry price paid data (Crown copyright, OGL v3.0). — explore the live data on the Bristol page.