House Prices in Exeter, Devon

# Exeter Property Market Summary

Exeter's property market demonstrates notable volatility, with average prices fluctuating significantly over recent years. The market peaked in 2022 at £512,320 before moderating to £401,761 in 2024 and £390,166 in early 2025. This recent cooling follows a particularly strong period during and immediately after the pandemic, when prices surged from around £398,295 in 2019 to over £512,000 in 2022. The overall average price of £244,793 across the city's substantial housing stock of 50,859 properties reflects the inclusion of a broad mix of property types and ages.

Transaction volumes have remained relatively robust, typically ranging between 2,200 and 3,400 sales annually, with 2021 seeing particularly strong activity at 3,442 transactions. The Devon city continues to attract buyers as a regional hub combining cathedral city heritage, two universities, and excellent transport links to London and the Southwest. Whilst the market has cooled from its 2022 highs, Exeter remains a desirable location balancing urban amenities with access to both Dartmoor and the Jurassic Coast, supporting sustained demand across various price points.