House Prices in Plymouth, City Of Plymouth

# Plymouth Property Market Summary

Plymouth's property market demonstrates notable volatility, with the current average price of £159,650 across 77,701 properties masking significant year-on-year fluctuations in transaction values. After declining from £294,149 in 2017 to around £260,000 during 2019-2021, the market has shown renewed upward momentum, with average prices climbing to £348,761 in 2025. This recent surge represents a substantial recovery, though transaction volumes have decreased from their 2024 peak of 4,653 sales to 1,580 in 2025, suggesting a shift towards higher-value properties changing hands less frequently.

The coastal city's property market appears to be in a transition phase, with the dramatic price increases in 2023-2025 potentially reflecting Plymouth's growing appeal as both a naval heritage city and an increasingly desirable location in the South West. The market has experienced periods of adjustment, particularly the dip during the pandemic years, but has demonstrated resilience with strong price growth in recent years. Buyers considering Plymouth will find a market that has historically offered more affordable entry points compared to many UK cities, though current trends indicate an appreciating market with strengthening values.