But the drop does not reverse the longer-term trend, which has seen property prices in the area grow by 0.3% over the past year.
The average Warrington house price in June was £252,222, Land Registry figures show – a 0.3% decrease on May.
Over the month, the picture was different to that across the north west, where prices increased 0.3%, and Warrington was lower than the 0.5% rise for the UK as a whole.
Over the past year, the average sale price of property in Warrington rose by £870 – putting the area 28th among the north west’s 35 local authorities with price data for annual growth.
The highest annual growth in the region was in Cheshire East, where property prices increased on average by 10.2%, to £301,000. At the other end of the scale, properties in Pendle lost 2.9% of their value, giving an average price of £128,000.
First steps on the property ladder
First-time buyers in Warrington spent an average of £208,090 on their property – £510 more than a year ago, and £48,030 more than in June 2019.
By comparison, former owner-occupiers paid £291,210 on average in June – 39.9% more than first-time buyers.
Property types
Owners of flats saw the biggest fall in property prices in Warrington in June – they dropped 0.5% in price, to £143,377 on average. Over the past year, prices dropped by 1.7%.
Among other types of property:
Detached: down 0.2% monthly; up 1.1% annually; £422,220 average
Semi-detached: down 0.4% monthly; up 0.6% annually; £248,474 average
Terraced: down 0.1% monthly; up 0.1% annually; £198,410 average
How do property prices in Warrington compare?
Buyers paid 14.4% more than the average price in the North West (£220,000) in June for a property in Warrington. Across the north west, property prices are low compared to those across the UK, where the average cost is £288,000.
The most expensive properties in the north west were in Trafford – £375,000 on average, and 1.5 times the price as in Warrington. Trafford properties cost 3.3 times the price as homes in Burnley (£112,000 average), at the other end of the scale.
