The average price of property coming to the market for sale rises by 0.4% (+£1,517) this month to £370,257. However, average new seller asking prices are now 0.1% below this time last year following several months of muted price growth.
(Sept 2025)
up-to-the-minute update
Property market news
Sensible pricing drives autumn activity
As the autumn season approaches and the familiar “back to school” buzz returns, we typically anticipate a gentle rise in new seller asking prices. This September, we’ve seen a modest 0.4% increase nationally, slightly below the usual 0.6% average for this time of year. Notably, asking prices have dipped just below last year’s levels, largely influenced by competitive pricing trends across the South of England according to Rightmove.
We can certainly confirm this measured approach to pricing has proven effective, helping to stimulate more sales activity compared to last year in Bristol. With house prices holding steady, wages on the rise, and mortgage rates easing, buyer affordability has improved resulting in a noticeable uptick in the number of sales agreed.
At Ocean, we believe that realistic and attractive pricing is key to a healthy, active market. If you’re considering a move this autumn, now could be the perfect time to take advantage of these favourable conditions.
Prices
Bristol overview
Over the last 12 months the average sales price in Bristol was £368,221. 33% of sales in the past 12 months were flats, achieving an average sales price of £279,311.
Houses achieved an average price of £421,265. The highest value recorded by the Land Registry over the past 12 months was £1,337,000 for a flat and £4,800,000 for a house.
The average asking price of all homes currently available to buy in Bristol is £378,341. 36.4% of homes currently available to buy have been reduced in price since they were first listed to sell.
Demand
There are more homes on the market in Bristol than we've seen in over a decade, giving buyers a lot more choice than in recent years.
But that doesn’t mean the city is oversupplied—far from it. Bristol is still facing a long-term shortage of homes, especially in popular areas like Bishopston, Redland, Southville, and Clifton, where demand continues to outpace supply.
Lettings news
Bristol’s lettings market is steady, with rents holding at record highs and yields remaining attractive for landlords. The city continues to outperform the wider South West in both rent levels and tenant demand.
Average monthly rent: £1,778 (August 2025, ONS) This is almost unchanged from £1,779 in July 2024 - a 0.1% decrease, showing remarkable stability.
Regional comparison: Bristol rents are significantly higher than the South West average (£1,184) and the UK average (£1,343).
Overall, demand remains strong, but the market is more balanced than in previous years, with a slight increase in available rental properties.
Mortgages
the Bank of England base rate held at 4.00% in the September 18th MPC meeting. This follows two earlier cuts in 2025 (from a peak of 4.50%). Inflation is currently at 3.8%, still above the 2% target, which is why further cuts are being approached cautiously.
The average 2-year fixed rate is 4.53% (Down from a peak of 6.85% in 2023). 5-year fixed rates typically range from 4.6% to 5.1%, depending on LTV and lender. Tracker and SVR mortgages remain closely tied to the base rate.
Property market outlook
Market outlook for 2025 and beyond. Cautious optimism.
Looking ahead, the consensus among property market experts is for steady, modest growth rather than any dramatic swings. After the slight dip in momentum recently, Bristol’s housing market is expected to gently pick up pace through late 2025.
We hope that was useful and informative. As always, our teams are here to help, get in touch with any questions about your local property market.
If securing a new mortgage or arranging a re-mortgage is important for you right now, click here to book an online consultation, our mortgage brokers are independent, and their services are free to you.
Finally, if you are (understandably) confused by some of the mixed market reporting, not least by some of the more sensational news reporting each month, click here for some independent insight into how House Price Indexes are compiled.
Sources: Rightmove, Zoopla, On the Market, Dataloft by Price Hubble, Land Registry, ONS National House Price Index, DLUHC.