Exeter Property Market: House Prices, Sold Data & Development Finance, Q3 2026 Edition

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

The Exeter property market recorded 1,779 residential sales in the 12 months to 31 May 2026, with a median sale price of £300,000. This places Exeter £18k above the Devon county median of £282,500, and £15k above the approximate UK median of £285,000.

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

On a quarterly view, Exeter median prices moved from £299,500 in Q3 2024 to £300,000 in Q4 2025, a change of +0.2% over 5 quarters. Exeter has now recorded 2 consecutive quarters of price growth. The most recent quarter is excluded because HM Land Registry registrations for it are still incomplete.

Exeter City Council, the local planning authority covering Exeter, approved 316 residential planning applications and refused 74 in the last 12 months, with 102 still awaiting a decision. That is an approval rate of 81%.

Those applications propose around 592 homes, an estimated £174.4m of development value at local sale prices. Treat the unit total as an upper bound, since an outline permission and its reserved-matters application both count.

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 £460,000, while flat properties are most accessible at £175,000. The £285k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.

HM Land Registry has so far registered 46 new-build sales in Exeter for the past 12 months, 2.6% of registered transactions. New-build sales are typically registered 6 to 18 months after completion, so this understates current delivery and is not a completions figure.

On those registered sales, new builds in Exeter sold at a premium of 35.4% to existing stock.

Across the wider Devon market, 411 new-build sales have registered so far. See our Devon property market report for the full county picture.

The table below shows the most recently registered residential sales in Exeter, 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 £124,950 to £575,000 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 £460,000, lenders can assess scheme viability with confidence.

A typical development finance facility for a scheme in Exeter with a GDV of £460,000 would attract senior debt of approximately £299,000 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.