Mon 24 Nov 2025

The 2025 Exeter Property Market

A study of this year’s activity – and what 2026 may hold for local homeowners and landlords

By Fraser & Wheeler Estate Agents

With the end of the year fast approaching, we wanted to share a detailed review of what has happened in both the UK and Exeter property markets throughout 2025. We’ve analysed the latest data for local homeowners, buyers, and landlords – and compared it with previous years to understand the trends shaping today’s market and what may lie ahead in 2026.

(All data for each year runs to 16th November to ensure an accurate like-for-like comparison.)

UK Market Overview: Listings, Sales Agreed & Completed Transactions

Homes Coming to Market

The number of new properties listed for sale across the UK has climbed steadily over the last three years:

2023: 1,407,751
2024: 1,521,906
2025: 1,567,258

Average asking prices and £/sq.ft figures also show important shifts:

Year	Avg. Asking Price	£/sq.ft
2023	£422,722	£361
2024	£430,868	£372
2025	£429,684	£383

Notably, 2025’s increase in £/sq.ft was not caused by broad price growth, but by a change in the types of homes entering the market – more smaller, higher-density homes (which naturally achieve a higher £/sq.ft), along with more premium properties. With fewer mid-market homes being listed, this mix has subtly lifted the overall £/sq.ft metric, even while headline asking prices remained steady.

Homes Sold Across the UK

The UK’s transaction numbers tell an even clearer story:

2023: 824,665 SSTC → 689,542 completed
2024: 958,239 SSTC → 734,148 completed
2025: 997,472 SSTC → 782,776 completed

Average prices and £/sq.ft have only moved marginally year to year:

Year	Avg. Sold Price	£/sq.ft
2023	£357,134	£330
2024	£355,168	£332
2025	£361,086	£338

This small movement reinforces a crucial point:
House prices haven’t meaningfully climbed – but the number of homes selling has surged.

Transaction volume is the most reliable measure of market health, and the UK property market is undeniably more active than in previous years. The composition of sales (more smaller homes + more high-end properties) is quietly influencing the £/sq.ft figure even as overall prices hold steady.

What’s Driving the UK Market’s Stability?

Five forces have shaped 2025’s resilience:

1. Falling Mortgage Rates

Eased borrowing costs have tempted many buyers back into the market after the rate spikes of 2023.

2. Above-Inflation Wage Growth

Higher earnings have boosted affordability and buyer confidence.

3. Low but Slightly Rising Unemployment

Employment levels remain historically strong, supporting major financial decisions such as home purchases.

4. Shifting Lifestyles

Preferences for space, flexibility and location quality continue to reshape demand post-pandemic.

5. Long-Term Under-Supply of New Homes

The UK needs 300,000 new homes a year yet averages only 210,000 – leaving an estimated shortfall of 2.7 million over 30 years. This structural imbalance continues to underpin demand.

Exeter’s Property Market: 2023 vs 2024 vs 2025 (EX1–EX6)

Exeter has mirrored some national trends while showing its own distinctive patterns.

2023

Listings: 4,470
Avg. Asking Price: £406,177
Completed Sales: 2,090
Avg. Sale Price: £372,789

2024

Listings: 5,278
Avg. Asking Price: £408,932
Completed Sales: 2,259
Avg. Sale Price: £359,418

2025

Listings: 5,446
Avg. Asking Price: £389,876
Completed Sales: 2,219
Avg. Sale Price: £373,287

What This Tells Us

Exeter’s market has demonstrated:

Rising listing numbers – sellers are increasingly confident.
Stable levels of completed sales – suggesting strong, balanced demand.
Realistic pricing – the gap between asking and achieved prices remains sensible.

In short, Exeter’s property market is healthy, consistent, and underpinned by genuine demand rather than speculative spikes. It is not overheating – it is maturing.

Looking Ahead: What Will Exeter’s Property Market Do in 2026?

Although Exeter tends to follow national patterns, it does not mirror them exactly. Local factors – employment, infrastructure, population movement and policy – play a decisive role.

One key datapoint stands out:

Only 53% of UK homes listed in the last two years actually sold.
In Exeter, the figure is slightly lower at 48.29%.

This highlights the single most important rule for selling in Exeter:

Price your home correctly from day one.

Homes attract the most attention in their first three weeks on the market. Overpricing early dramatically reduces the chances of securing a motivated buyer.

How long does it take to sell?

Across the UK:

53% of homes that sell do so within 35 days
71% sell within 63 days

Speed matters, not just for price but for completion likelihood.

The Importance of Early Interest

According to Denton House Research (2 million UK sales analysed):

A sale agreed within 25 days → 94% chance of completing
A sale agreed after 100 days → only 56% chance of completing

Hamptons’ long-term data also shows that, excluding the pandemic years, homes in Britain usually sell for within 0.9%–1.3% of their final asking price – meaning the asking price before going under offer, not the original price if later reduced.

The conclusion is simple:
A realistic starting price produces a quicker sale, a higher completion rate, and a better final outcome.

Thinking of Moving in 2026?

As an experienced local estate agent in Exeter, Fraser & Wheeler combine data-led insight with deep local knowledge. We track the Exeter market daily – which homes are selling, which aren’t, and why.

Our goal is straightforward:
to help you set a smart, realistic asking price that maximises your sale prospects while achieving strong value.

If you’re planning a move in 2026 and want a professional, evidence-based approach tailored to the realities of today’s Exeter market, we’re here to help.

Get in touch with Fraser & Wheeler – let’s position your property to attract the right buyers quickly and secure a smooth, successful sale.