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

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

The Exeter property market recorded 1,797 residential sales in the 12 months to 30 June 2026, with a median sale price of £300,000. This places Exeter £17k above the Devon county median of £283,125, 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 £307,250 in Q1 2025 to £288,750 in Q2 2026, a change of -6.0% over 5 quarters. Exeter has now recorded 2 consecutive quarters of price falls.

The local planning authority for Exeter approved 9 residential planning applications and refused 8 in Q3 2026 (1 July to 30 September 2026), with 27 still awaiting a decision. Too few decisions were captured in the period to state a reliable approval rate. Planning figures come from local planning authority records compiled by Landstack, retrieved on 3 October 2026. Councils and Landstack can take several days to publish decisions, so decisions made in the final days of Q3 2026 may not all be included yet.

Schemes approved in Q3 2026, together with those still awaiting a decision, propose around 544 homes, an estimated £121.3m 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 £455,000, while flat properties are most accessible at £175,000. The £280k 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 61 new-build sales in Exeter for the past 12 months, 3.4% 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 33.0% to existing stock.

Across the wider Devon market, 349 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 £198,500 to £436,275 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 £455,000, lenders can assess scheme viability with confidence.

A typical development finance facility for a scheme in Exeter with a GDV of £455,000 would attract senior debt of approximately £295,750 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.