Barnsley’s house prices took a bit of a tumble last month, and here’s the summary of what’s going on.

July saw the average house price in Barnsley drop to £165,820. That’s a 0.8% decrease compared to June. But before you hit the panic button, it’s important to remember that this trend isn’t unique to Barnsley.

Across Yorkshire and the Humber, prices dipped by 0.5% in the same period. In the overall UK picture, prices inched up by 0.6%.

Looking back over the year, Barnsley’s housing market has still shown resilience. The average house price rose by a healthy £6,400 compared to July 2022. That puts Barnsley in 8th place out of the 15 Yorkshire and the Humber local authorities.

So, what does this mean for your wallet?

• For First-Time Buyers: The average price for those stepping onto the property ladder in Barnsley currently sits at £147,600. That’s a bump up of £5,900 compared to this time last year, but a whopping £37,000 more expensive than in July 2019.
• For Moving-Up Buyers: If you’re already on the property ladder, you’ll be pleased to hear that homes are changing hands for an average of £183,900 in Barnsley. This means existing homeowners are sitting on a decent chunk of equity, with prices a significant 24.5% higher than what first-time buyers are currently paying.

Bargain Hunters Take Note: Compared to the rest of Yorkshire and the Humber, Barnsley still offers a more affordable entry point for house hunters. Expect to pay around 22.8% less for a property in Barnsley compared to the regional average.

Yorkshire and the Humber: A Regional Perspective: Zooming out, it’s worth remembering that property prices across Yorkshire and the Humber tend to be lower than the UK as a whole. While the average UK house price is sitting pretty at £290,000, you can still find relative affordability in many parts of our region.

And the priciest postcode in Yorkshire? That accolade goes to York, with an average house price of £321,000 – almost double the cost of a home in Barnsley. At the other end of the spectrum, Hull offers the most budget-friendly options, with homes costing roughly half the price of those in York.