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House Prices in B3

The average house price in B3 (Birmingham) is £0 using HM Land Registry data.

The average property price decreased by £22,642 (-4.39%) over the last 5 years and decreased by £4,526 (-0.78%) over the last 12 months.

Over the last year, there were 44 residential property sales – a decrease of 26 transactions (-59.09%) relative to the previous year. The majority of house sales (11) were in the £236,000 - £294,000 range. Then came properties in the £178,000 - £236,000 range, where 9 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 71 days to sell (from being listed to completion) and the average difference between asking and sold prices is £0 (0%).

In June 2024, there were 23 new estate agency instructions, 7 agreed home sales and 24 property price reductions.

5-Year Average Property Prices in B3 (Birmingham)

4.39%

Property prices in Birmingham increased by 4.39% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in B3 (Birmingham) Over the Last Year

0.78%

Property prices in Birmingham increased by 0.78% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for B3 (Birmingham) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in B3 (Birmingham)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in B3 (Birmingham)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in B3 (Birmingham)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the B3 (Birmingham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the B3 postcode area since 1995.

Recent Sales in B3 (Birmingham)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Flat 15, Midland Court, Cox Street, Birmingham, West Midlands, B3 1RW	£169,950	£162,000	-£7,950	21 Jun 2022	07 Oct 2022	108 Days
Flat 4, Midland Court, Cox Street, Birmingham, West Midlands, B3 1RW	£155,000	£137,000	-£18,000	22 May 2021	25 May 2022	368 Days
74 George Street, Birmingham, West Midlands, B3 1QA	£300,000	£290,000	-£10,000	31 Jan 2020	09 Jun 2020	130 Days

Most Expensive Streets in B3 (Birmingham)

Postcode	Street	Area	Average	No. of Sales
B3 1HN	Water Street	Birmingham	£735,000	3
B3 1UP	Caroline Street	Birmingham	£607,500	4
B3 1UD	Mary Street	Birmingham	£346,428	7
B3 1BP	Charlotte Street	Birmingham	£317,500	18
B3 1PT	Charlotte Street	Birmingham	£294,944	9
B3 2EE	Cornwall Street	Birmingham	£294,176	17
B3 1QS	St Pauls Square	Birmingham	£274,178	14
B3 1AT	Lionel Street	Birmingham	£273,444	18
B3 1TX	Northwood Street	Birmingham	£271,460	5
B3 1DW	Ludgate Lofts, Ludgate Hill	Birmingham	£255,375	8

Least Expensive Streets in B3 (Birmingham)

Postcode	Street	Area	Average	No. of Sales
B3 2LX	Great Charles Street Queensway	Birmingham	£116,600	5
B3 1UR	Kenyon Street	Birmingham	£141,816	3
B3 1RW	Midland Court, Cox Street, Birmingham	Birmingham	£149,100	5
B3 1PP	George Street	Birmingham	£149,495	12
B3 2ES	Edmund Street	Birmingham	£152,333	3
B3 1JH	Fleet Street	Birmingham	£170,100	5
B3 1TR	Caroline Street	Birmingham	£175,200	5
B3 1RD	Cox Street	Birmingham	£185,366	12
B3 1BA	Newhall Street	Birmingham	£188,812	8
B3 1QG	George Street	Birmingham	£193,000	7