Exeter Property Market: House Prices, Sold Data & Development Finance, End of H1 2026

Cathedral city with university-driven growth, biomedical hub, and significant eastern expansion at Cranbrook

The Exeter property market recorded 1,242 residential sales over the past 12 months, with a median sale price of £300,000. This places Exeter £15k above the Devon county median of £285,000, and £15k above the UK national median of £285,000.

Prices in Exeter have shown broadly stable, with a year-on-year change of 0%. Within Devon, Exeter ranks 2nd by price out of 8 principal towns, and 4th by transaction volume.

Exeter median prices have moved from £306,000 in Q1 2025 to £282,500 in Q2 2026, a change of -7.7% over 5 quarters.

Exeter City Council — the local planning authority covering Exeter — has 529 residential units in its current pipeline, an estimated gross development value of £158.6m, across 92 applications (17 approved, 75 pending) at an approval rate of 94%.

Property prices in Exeter vary significantly by type. The table below compares Exeter prices with Devon county averages and UK national figures.

Detached homes in Exeter command £450,000, while flat properties are most accessible at £179,000. The £271k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.

Exeter recorded 9 new-build transactions in the past 12 months, representing 0.7% of total sales. There is moderate development activity, with room for further growth.

New-build properties in Exeter traded at a premium of 13.0% 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, 96 new-build completions were recorded — see our Devon property market report for the full county picture.

The following table shows the most recent property transactions recorded in Exeter, providing real-time evidence of achieved prices for buyers, sellers, and developers:

These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £130,000 to £477,500 illustrates the breadth of the Exeter market.

For developers considering Exeter, the local market data translates directly into finance structuring. With a median value of £300,000 and detached homes at £450,000, lenders can assess scheme viability with confidence.

A typical development finance facility for a Exeter scheme with a GDV of £450,000 would attract senior debt of approximately £292,500 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 remained flat 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.

To put Exeter's market in context, the table below compares it with similarly-priced towns across Devon:

For the full Devon town-by-town breakdown, see our comprehensive Devon property market report.