House Prices in B69 House Prices in B69 (Oldbury)

The average house price in B69 (Oldbury) is £196,384 using HM Land Registry data.

The average property price increased by £70,885 (7.42%) over the last 5 years and increased by £14,171 (1.28%) over the last 12 months.

Over the last year, there were 202 residential property sales – a decrease of 140 transactions (-69.31%) relative to the previous year. The majority of house sales (58) were in the £178,000 - £212,000 range. Then came properties in the £144,000 - £178,000 range, where 36 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 82 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,352 (-1%).

In June 2024, there were 50 new estate agency instructions, 28 agreed home sales and 20 property price reductions.

5-Year Average Property Prices in B69 (Oldbury)

7.42%

Property prices in Oldbury increased by 7.42% 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 B69 (Oldbury) Over the Last Year

1.28%

Property prices in Oldbury increased by 1.28% 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.

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).

Property Market Heat Gauge for B69 (Oldbury) - 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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 B69 (Oldbury)

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 B69 (Oldbury)

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 B69 (Oldbury)

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 B69 (Oldbury) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the B69 postcode area since 1995.

Recent Sales in B69 (Oldbury)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
31 Aston Road, Tividale, Oldbury, West Midlands, B69 1TW£180,000£179,000-£1,00006 Feb 202409 Apr 202463 Days
70 Alexandra Way, Tividale, Oldbury, West Midlands, B69 2LX£240,000£235,000-£5,00010 Aug 202328 Mar 2024231 Days
57 Darbys Hill Road, Tividale, Oldbury, West Midlands, B69 1SD£350,000£350,000£0012 Mar 202415 Mar 20243 Days
197 Oakham Road, Tividale, Oldbury, West Midlands, B69 1PS£300,000£300,000£0022 Nov 202314 Mar 2024113 Days
69 Arundel Drive, Tividale, Oldbury, West Midlands, B69 1XE£185,000£185,000£0012 Jan 202414 Mar 202462 Days
42 Trafalgar Road, Tividale, Oldbury, West Midlands, B69 1RE£250,000£247,500-£2,50010 Oct 202301 Mar 2024143 Days
30 Swan Crescent, Oldbury, West Midlands, B69 4QQ£220,000£215,000-£5,00020 Sep 202301 Mar 2024163 Days
50 Mallard Drive, Oldbury, West Midlands, B69 4QU£180,000£170,000-£10,00022 Aug 202320 Feb 2024182 Days
10 Lye Cross Road, Tividale, Oldbury, West Midlands, B69 1PQ£230,000£226,000-£4,00006 Sep 202312 Feb 2024159 Days
2 Alexandra Way, Tividale, Oldbury, West Midlands, B69 2LX£160,000£149,000-£11,00031 Jul 202309 Feb 2024193 Days
130 Elm Terrace, Tividale, Oldbury, West Midlands, B69 1TQ£260,000£260,000£0016 Aug 202308 Feb 2024176 Days
21 New Birmingham Road, Tividale, Oldbury, West Midlands, B69 2JJ£160,000£155,000-£5,00028 Dec 202207 Feb 2024406 Days
11 Temple Way, Tividale, Oldbury, West Midlands, B69 3JP£240,000£235,000-£5,00023 Aug 202305 Feb 2024166 Days
44 Ashwood Close, Oldbury, West Midlands, B69 4SD£160,000£160,000£0026 Jul 202331 Jan 2024189 Days
27 Fisher Road, Oldbury, West Midlands, B69 4EL£190,000£185,000-£5,00027 Sep 202331 Jan 2024126 Days
35 Lower Chapel Street, Tividale, Oldbury, West Midlands, B69 3JH£200,000£200,000£0020 Apr 202323 Jan 2024278 Days
168 Regent Road, Tividale, Oldbury, West Midlands, B69 1XQ£200,000£200,000£0013 Sep 202322 Jan 2024131 Days
19 Martley Road, Oldbury, West Midlands, B69 1DY£200,000£195,000-£5,00022 May 202312 Jan 2024235 Days
15 Alexandra Way, Tividale, Oldbury, West Midlands, B69 2LX£240,000£240,000£0020 Jul 202320 Dec 2023153 Days
8 Wheatsheaf Road, Tividale, Oldbury, West Midlands, B69 1SW£185,000£175,000-£10,00014 Apr 202119 Dec 2023979 Days

Most Expensive Streets in B69 (Oldbury)

PostcodeStreetAreaAverageNo. of Sales
B69 1RABarley Fields, TividaleOldbury£330,8333
B69 1UUView Point, TividaleOldbury£326,3336
B69 1SDDarbys Hill Road, TividaleOldbury£318,0005
B69 1PZOakham Road, TividaleOldbury£315,6005
B69 1NYLudgate Close, TividaleOldbury£291,7787
B69 1NQWakeman Drive, TividaleOldbury£290,0003
B69 2HYRedwood Drive, TividaleOldbury£286,8754
B69 2HALower City Road, TividaleOldbury£286,6586
B69 1JPTaylor WayOldbury£285,5008
B69 1UXSpeakers Close, TividaleOldbury£278,3333

Least Expensive Streets in B69 (Oldbury)

PostcodeStreetAreaAverageNo. of Sales
B69 2JLSt Michaels Mews, TividaleOldbury£50,0004
B69 1TPRed Lion Close, TividaleOldbury£66,6254
B69 2DBQuayside CloseOldbury£68,6663
B69 2LEOakthorpe Gardens, TividaleOldbury£69,7506
B69 4DFMill LaneOldbury£71,3333
B69 4FJMaltings AvenueOldbury£74,1004
B69 2LFOakthorpe Gardens, TividaleOldbury£89,5004
B69 2DDThe MooringsOldbury£91,8005
B69 2FDBrades RoadOldbury£97,0004
B69 1HAAscot CloseOldbury£97,4005

Explore B69 (Oldbury) using map