House Prices in Wells, Somerset

# Wells Property Market Summary

Wells presents a robust property market with 6,338 properties and an overall average price of £251,229, though this figure appears to be influenced by historical data and smaller properties. The market has demonstrated considerable resilience and growth over the past decade, with annual average prices consistently ranging between £340,000 and £510,000 since 2016. Notably, 2025 has seen a strong start with average prices reaching £510,712, marking the highest point in the recorded period, though this is based on a relatively modest 92 sales to date.

The market experienced some volatility between 2016 and 2021, with a notable dip in 2018 (£343,266) and reduced activity during the 2020 pandemic year (264 sales). However, transaction volumes rebounded strongly in 2021 with 456 sales, demonstrating sustained market confidence. The period from 2022 onwards has shown particular strength, with prices rising from £454,355 to the current elevated levels. The cathedral city's enduring appeal, combined with its historic charm and sought-after Somerset location, continues to support a healthy property market with consistent buyer interest, as evidenced by the sustained transaction volumes averaging around 350-400 sales annually in recent years.