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The East Midlands property market has been fairly active over the past few months, with a notable spike in property sale volume in March 2025 likely driven by changes in stamp duty rates. Monthly sales have generally ranged from moderate to high volumes with varied median prices reflecting diverse market segments. Compared to the previous two years, there has been steady buyer interest although transaction numbers have fluctuated, suggesting a dynamic yet stable market environment in East Midlands.
The most recent median house price in East Midlands for May 2025 stands around £213,890 for all property types combined. This represents a modest year-on-year (YoY) increase compared to prices in May 2024, indicating a positive growth trend amid a competitive market. Buyers can expect prices to have risen approximately 3-5% YoY, reflecting sustained demand and gradual price appreciation in the region.
Median house prices vary distinctly by property type in East Midlands, with detached houses commanding the highest prices, followed by semi-detached, terraced houses, and flats. Over the past year, detached properties have seen the strongest price growth, while flats have experienced a slower price increase. This divergence highlights the ongoing preference for larger homes, with the YoY median price growth for detached houses outperforming other types, indicating shifting buyer priorities within the East Midlands housing market.