Bristol, North Somerset Property Market Report | Prices

Over the last 12 months the average sales price in Bristol was £369,176.

32% of sales in the past 12 months were flats, achieving an average sales price of £281,544. Houses achieved an average price of £420,506. The highest value recorded by the Land Registry over the past 12 months was £2,150,000 for a flat and £3,000,000 for a house.

In the South West, house prices have remained broadly steady moving into early 2026, following a stronger end to last year. Official data shows that average prices across the region have levelled off, reflecting a more balanced market where buyers are taking a measured approach and affordability remains a key consideration.

Bristol continues to stand out as one of the region’s more resilient markets.

Supported by strong local employment, sustained demand and long‑term undersupply of homes. While price growth has softened, well‑priced properties are still attracting good levels of interest. As a result, the local market is best described as stable rather than declining, with realistic pricing and good presentation remaining crucial to securing a successful sale.

Bristol, North Somerset and South Gloucestershire prices

Buyers are benefiting from a twelve‑year high in available homes for sale at this time of year, giving them more choice and greater negotiating power. Around a third of properties already on the market have reduced their price, highlighting the importance for sellers of being realistic. Setting the right price from the start, based on local demand, can make all the difference in securing a buyer.

Average sale prices by property type

National outlook

The most recent official data shows that UK house prices are continuing to rise, but at a modest and uneven pace as the market moves through early 2026.

According to the ONS UK House Price Index, the average UK property price stood at around £268,000 in January 2026, representing annual growth of 1.3%, down from 2.9% in November 2025 and reflecting a 0.3% monthly fall at the start of the year.

This moderation suggests that, while prices ended 2025 on a firmer footing, momentum eased slightly into the new year as affordability pressures and increased supply tempered growth.

However, portal and lender data point to a stronger behavioural rebound in early 2026, with buyer demand improving after late‑2025 Budget uncertainty. This indicates a market that is active and resilient, but increasingly price‑sensitive, with growth dependent on local conditions rather than broad national uplift. (Zoopla), (Rightmove)

Looking ahead, expectations remain for modest price growth through 2026 rather than a sharp upswing. The latest HM Treasury compilation of independent forecasts (April 2026) shows most analysts anticipating UK house price increases in the region of 2% to 3% over the year, supported by rising wages and improved choice for buyers, but constrained by higher mortgage rates and ongoing global uncertainty.