Property prices in Warrington have taken a slight dip, offering a glimmer of hope for those looking to step onto the property ladder.

However, sellers needn’t panic just yet, as the overall picture for the North West remains positive.

Last month (April 2023) the average house price in Warrington stood at £250,807. This represents a small decrease of 0.5% compared to March.

Terraced Houses Experience Biggest Drop

If you’re in the market for a terraced house, you’re in luck! This type of property saw the most significant drop in price, falling by 0.7% to an average of £196,468.

Following closely behind were detached houses, experiencing a 0.5% decrease in price, and semi-detached properties saw a 0.3% reduction. Flats remained relatively stable, experiencing the smallest dip at just 0.2%.

North West Sees Overall Increase in Prices

Interestingly, while Warrington saw a slight dip in house prices, the North West as a whole enjoyed a 0.7% increase.

This suggests that the Warrington market may be experiencing localised fluctuations. It’s essential to consider broader market trends when making decisions about buying or selling your property.

How Does Warrington Compare to Other Areas?

Across the North West, Trafford boasts the highest average property price at a considerable £365,000. On the other end of the spectrum, Burnley offers the most affordable housing options, with an average price of £108,000.

What Does This Mean for Buyers and Sellers?

The slight dip in Warrington house prices presents an opportunity for those seeking to buy a property. However, with the North West market generally on an upward trajectory, it’s crucial to act swiftly and seek expert advice.

For sellers, staying informed about market trends and pricing your property competitively is key to a successful sale.