The latest data from the government department reveals that in January 2023 average house prices in South Somerset reached £293,938.

This was down from £297,855 in December, representing a 1.3 per cent decrease. In the last 12 months it has risen by 9.6 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 £453,859 from £459,934 in December
• Semi-detached houses - Down to £284,625 from £287,827 in December
• Terraced houses - Down to £231,987 from £235,373 in December
• Flats - Down to £137,514 from £139,714 in December

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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 £289,818 in January.

In cash terms, the average house price in January was £17,080 higher than a year earlier with house price growth accelerating to 6.3 per cent in January 2023. Prices were down by -1.1 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.

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