Somerset: the market in figures
Somerset's average rose 2.8% in the latest twelve months, while the South West region recorded 0%. The August 2026 figure of £282,498 is 7.1% under the regional £304,139 and 3.5% above £273,037 for the UK as a whole. Somerset holds 54th place nationally, but 11th within the South West.
The 2022 reading of £283,193 is still the highest of the series, so the current price is only just under its peak. The route there was uneven. A rise of 14% for 2022 came after 7.4% for 2021. Somerset then recorded falls of 1.4%, 1.5% and 0.1% for 2023, 2024 and 2025. This year's rebound is the first rise since 2022. Against the 2016 start of £205,744, the gain is £76,754, or 37.3%.
The typical detached house costs £459,165 and the typical flat £136,214, a gap of £322,951 or 237.1%. The mid-range types read £289,787, for a semi-detached and £235,285 for a terraced house. First-timers paid £232,749,, 17.6% lower than what all buyers paid. The window closing in May 2026 records 8,331 sales.
The average price brings a Stamp Duty Land Tax bill of £4,125 for someone moving home, 1.5% of the price, and £18,250 on an additional property. A first-time buyer owes £0. The HM Land Registry fee is £150.
Growth across the neighbours is mixed. North Somerset rose 3.6%, Cardiff 2.1% and City of Bristol 0.9%, while Exeter fell 0.7% and Teignbridge 0.5%. Somerset's 2.8% is ahead of all but North Somerset. Its semi-detached average of £289,787 is above the all-type figure of £282,498.
Exeter, 42 km apart, averages £289,403, 2.4% above Somerset, though it fell 0.7% since last August. North Somerset, at £314,307, is 11.3% above and City of Bristol, at £353,596, is 25.2% above. Teignbridge, at £298,159, is 5.5% above. Cardiff, in Wales, averages £272,443, 3.6% below, and at Somerset's average price a Welsh mover would owe £3,450 of Land Transaction Tax, against £4,125 here. Teignbridge and Exeter, both in the South West, average more than Somerset, as do North Somerset and City of Bristol; only Cardiff averages less.
Payotte, from the UK HPI and the calculator.
Property professionals in Somerset
One firm per trade, selected by Payotte on public data (4 of 5 trades filled in Somerset). Companies, never individuals, with a regulator or register you can check with the official body.
| Trade | Firm | Google rating | Reviews | Score /100 | Status | Listing |
|---|---|---|---|---|---|---|
| Estate agent | Vacant | — | — | — | — | — |
| Mortgage adviser | Mortgage Select (SW) Ltd | 5 | 384 | 85 | Selected | View |
| Conveyancer | QualitySolicitors Gould & Swayne | 4.2 | 14 | 69 | Partial | View |
| Surveyor | West Country Surveyors Ltd | 5 | 123 | 77 | Selected | View |
| Valuer | West Country Surveyors Ltd | 5 | 123 | 77 | Selected | View |
One firm per trade and per area, chosen on public data and scored out of 100 points — Google reviews (35), age of the company (30), checkable regulator or register (15), local anchoring (15), bonus (5). The ranking is never paid for. No firm can buy its place or its recommendation. How Payotte ranks firms
Calculate for Somerset
Frequently asked questions
What is the average house price in Somerset?
The average price of a home in Somerset was £282,498 in August 2026, +2.8% over twelve months (UK House Price Index).
Have house prices gone up in Somerset?
The average price in Somerset went from £205,744 in August 2016 to £282,498 in August 2026, a change of +37.3%; +2.8% over the last twelve months (UK House Price Index).
How much Stamp Duty Land Tax on an average-priced home in Somerset?
On £282,498, Stamp Duty Land Tax (SDLT) comes to £4,125 for a home mover, £0 for a first-time buyer and £18,250 for an additional property, at the rates in force in England.
How much tax when you sell a home in Somerset?
None on your main home if it was your only home, lived in for all the time you owned it, not let out and not used exclusively for business (Private Residence Relief). A second home or a buy-to-let pays Capital Gains Tax above the £3,000 allowance (2026 to 2027; rates in the calculator above). Bought at the average price in Somerset in August 2016 (£205,744) and sold at the August 2026 average (£282,498), the gain of £76,754 costs a higher rate taxpayer £17,701, before deducting the costs of buying, selling and improving. The tax is reported and paid within 60 days of completion (HMRC).
Is Somerset expensive?
Somerset ranks 54th of the 135 areas Payotte covers for the average price in August 2026, from £1,204,072 in Kensington and Chelsea to £133,782 in City of Aberdeen.
Prices by property type, August 2026
| Type | Average price | South West |
|---|---|---|
| Detached | £459,165 | £497,091 |
| Semi-detached | £289,787 | £325,573 |
| Terraced | £235,285 | £266,094 |
| Flat or maisonette | £136,214 | £173,470 |
| All types | £282,498 | £304,139 |
| First-time buyers | £232,749 | £250,662 |
The UK HPI is a mix-adjusted average (a hedonic model), not the price of the homes sold in the month. Northern Ireland figures are quarterly.
The trend, August of each year
| Year | Average price | Change on the year before |
|---|---|---|
| 2016 | £205,744 | — |
| 2017 | £217,058 | +5.5% |
| 2018 | £226,113 | +4.2% |
| 2019 | £229,082 | +1.3% |
| 2020 | £231,307 | +1% |
| 2021 | £248,404 | +7.4% |
| 2022 | £283,193 | +14% |
| 2023 | £279,258 | -1.4% |
| 2024 | £274,994 | -1.5% |
| 2025 | £274,761 | -0.1% |
| 2026 | £282,498 | +2.8% |
Sources
- Prices and sales: UK House Price Index, file UK-HPI-full-file-2026-08.csv. Contains HM Land Registry data © Crown copyright and database right 2020. This data is licensed under the Open Government Licence v3.0.
- Purchase tax: rates and sources of the calculator (HMRC).
- Tax when you sell: Capital Gains Tax rates, Tax when you sell your home and Report and pay your Capital Gains Tax (GOV.UK, HMRC).