# Axminster Property Market Summary
Axminster's property market has demonstrated notable volatility over recent years, with the overall average price of £241,051 across 4,211 properties masking significant year-on-year fluctuations. The market experienced steady growth from 2017 to 2019, with prices climbing from approximately £302,000 to £326,000. A dramatic surge occurred in 2020, when average prices jumped to £401,000, followed by a peak in 2023 at £467,467. However, 2024 and 2025 have seen substantial corrections, with prices retreating to £413,411 and £326,000 respectively, whilst transaction volumes have declined markedly from their 2017 highs.
This East Devon market town has shown characteristics of both strong demand and market sensitivity, likely reflecting its appeal as a traditional market town with good transport links and rural charm. The sharp price movements, particularly the 2020 spike and recent cooling, suggest the market has been influenced by broader economic factors including the pandemic-era relocation trend and subsequent interest rate rises. The reduced sales volumes in recent years—from over 300 transactions in 2017 to just 70 in early 2025—indicate a market finding its equilibrium after a period of exceptional activity.
The average house price in Axminster, Devon is £241,051. Prices range from £600 to £2,500,000.
There are 4,211 properties in Axminster with 5,026 recorded transactions since 1995.
The median house price in Axminster is £193,000, compared to an average of £241,051.
Axminster has 1,968 detached properties, 932 terraced properties, 863 semi-detached properties, 281 flat / maisonette properties.
Average house prices in Axminster have risen by 68.3% from £73,063 in 1995 to £123,000 in 2026.
The most popular streets in Axminster by number of properties include Dukes Way, Lyme Road, Flax Meadow Lane, West Street, Crewkerne Road.
Axminster is located in Devon, in the East Devon district.