Markets

Somerset House Prices Rise 3.1% to £282,000

By Markets Desk · 2026-09-21 · 1 min read

Somerset home values climbed by 3.1% to £282,000, outperforming the South West region where prices fell.

Key points

Somerset’s average house price reached £282,000 by July 2026, a 3.1% annual increase.
The county’s affordability ratio is 7.9, slightly better than the South West average of 8.3.
Sellers in Bruton reduced asking prices by an average of £14,217 to secure sales.

The average home in Somerset is now worth £282,000. This figure marks a 3.1% annual increase through July 2026.

The county defied regional trends as South West prices declined. Somerset values rose by roughly £8,000 over the past year.

Office for National Statistics data confirms this upward trajectory. Neighboring areas saw value erosion during the same period.

First-time buyers face higher entry costs at £232,000. This represents a 3.3% jump from the £225,000 recorded last year.

Average weekly pay in the county stands at £708. This figure is below the national average of £766.60.

Somerset’s affordability ratio is 7.9 times annual earnings. This is slightly better than the South West average of 8.3.

Property Solvers tracked 3,201 transactions between September 2025 and 2026. Bruton sellers reduced asking prices by an average of £14,217.

Castle Cary and Yeovil also saw significant price reductions. Sellers in these areas cut values by over £13,000 on average.

Based on reporting by Somerset County Gazette, compiled by the Tradingbird desk.