The latest data from the government department reveals that in December 2022 average house prices in South Somerset reached £298,208.

This was down from £305,445 in November, representing a 2.4 per cent decrease. In the last 12 months it has risen by 12.8 per cent.

If you are interested in buying or renting a home, you can see the latest properties in and around South Somerset here.

How much have house prices decreased in South Somerset?

Breaking it down for specific types of housing, all prices saw a decrease.

• Detached houses - Down to £461,018 from £472,611 in November
• Semi-detached houses - Down to £288,265 from £294,806 in November
• Terraced houses - Down to £235,357 from £241,339 in November
• Flats - Down to £139,619 from £142,505 in November

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How do South Somerset house prices compare to the UK average?

Despite the fall in prices this month, South Somerset is still slightly above the UK average with a typical property value in the nations reaching £294,329 in December.

In cash terms, the average house price in December was £26,214 higher than a year earlier with house price growth accelerating to 9.8 per cent in December 2022. Prices were down by -0.4 per cent month on month.

How much could your house be worth?

We have created this map for the South West so you can see the average house price in each neighbourhood since 1995.

Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.

The above map can demonstrate which areas of South Somerset are the most expensive for average house prices.