Exeter Property Market Overview
Cathedral city with university-driven growth, biomedical hub, and significant eastern expansion at Cranbrook
The Exeter property market recorded 1,192 residential sales over the past 12 months, with a median sale price of £290,500. This places Exeter £500 above the Devon county median of £290,000, and £6k above the UK national median of £285,000.
Prices in Exeter have shown a moderate decline, with a year-on-year change of -4.4%. Within Devon, Exeter ranks 2nd by price out of 7 principal towns, and 3rd by transaction volume.
Exeter House Prices by Property Type
Property prices in Exeter vary significantly by type. The table below compares Exeter prices with Devon county averages and UK national figures.
| Type | Exeter | Devon Avg | UK Avg |
|---|---|---|---|
| Detached | £441,250 | £410,000 | £420,000 |
| Semi-detached | £330,000 | £282,500 | £265,000 |
| Terraced | £280,000 | £224,498 | £230,000 |
| Flat | £172,250 | £160,000 | £225,000 |
Detached homes in Exeter command £441,250, while flat properties are most accessible at £172,250. The £269k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.
Median Price by Property Type
New Build Homes in Exeter
Exeter recorded 19 new-build transactions in the past 12 months, representing 1.6% of total sales. There is moderate development activity, with room for further growth.
New-build properties in Exeter traded at a premium of 60.3% versus existing stock. This premium supports the viability of new development, as buyers are willing to pay more for new homes.
Across the wider Devon market, 180 new-build completions were recorded — see our Devon property market report for the full county picture.
Recent Property Sales in Exeter
The following table shows the most recent property transactions recorded in Exeter, providing real-time evidence of achieved prices for buyers, sellers, and developers:
| Price | Type | Postcode | Date | Status |
|---|---|---|---|---|
| £354,000 | Detached | EX2 5PF | 2026-02-23 | Existing |
| £310,000 | Terraced | EX2 7FD | 2026-02-18 | Existing |
| £268,000 | Terraced | EX4 1SD | 2026-02-17 | Existing |
| £650,000 | Detached | EX3 0AP | 2026-02-16 | Existing |
| £413,000 | Semi-detached | EX2 5ED | 2026-02-16 | Existing |
These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £268,000 to £650,000 illustrates the breadth of the Exeter market.
Development Finance in Exeter
For developers considering Exeter, the local market data translates directly into finance structuring. With a median value of £290,500 and detached homes at £441,250, lenders can assess scheme viability with confidence.
A typical development finance facility for a Exeter scheme with a GDV of £441,250 would attract senior debt of approximately £286,813 at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.
While prices have softened 4.4% year-on-year, experienced developers can still generate strong returns in Exeter by targeting well-located sites with clear demand drivers.
Ready to develop in Exeter? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.
Exeter Compared to Nearby Devon Towns
To put Exeter's market in context, the table below compares it with similarly-priced towns across Devon:
| Town | Median Price | Sales (12m) | YoY Change |
|---|---|---|---|
| Exeter | £290,500 | 1,192 | -4.4% |
| Barnstaple | £290,000 | 1,088 | -1% |
| Newton Abbot | £290,000 | 1,518 | -3.3% |
| Tiverton | £275,000 | 839 | -7.6% |
| Exmouth | £317,500 | 1,887 | -3.8% |
| Paignton | £245,000 | 622 | -7.5% |
For the full Devon town-by-town breakdown, see our comprehensive Devon property market report.
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5 min readFrequently Asked Questions
What is the average house price in Exeter?
The median house price in Exeter is £290,500, based on 1,192 transactions over the past 12 months. Detached homes average £441,250 while flat properties average £172,250.
Are house prices rising or falling in Exeter?
House prices in Exeter are falling at -4.4% year-on-year. This decline may present buying opportunities for investors and developers. The wider Devon market is falling at -4.9%.
How many properties sold in Exeter recently?
Exeter recorded 1,192 residential property sales in the past 12 months. This high volume indicates a liquid, active market.
What development finance is available for projects in Exeter?
Developers in Exeter can access development finance from 6.5% p.a. at 65-70% LTGDV, mezzanine finance stretching to 85-90% of costs, bridging loans completing in 5-10 days, and development exit finance. Construction Capital sources the best terms from 100+ lenders.