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House Prices in B97 House Prices in B97 (Redditch)

The average house price in B97 (Redditch) is £254,406 using HM Land Registry data.

The average property price increased by £34,347 (10.91%) over the last 5 years and increased by £6,882 (1.83%) over the last 12 months.

Over the last year, there were 342 residential property sales – a decrease of 120 transactions (-35.09%) relative to the previous year. The majority of house sales (74) were in the £206,000 - £262,000 range. Then came properties in the £262,000 - £318,000 range, where 63 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 103 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,283 (-4%).

In Oct 24, there were 57 new estate agency instructions, 72 agreed home sales and 31 property price reductions.

Nearby Postcodes: B31, B38, B45, B47, B48, B49, B60, B61, B80, B94, B95, B96, B98, WR7, WR9

5-Year Average Property Prices in B97 (Redditch)

10.91%

Property prices in Redditch increased by 10.91% 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 B97 (Redditch) Over the Last Year

1.83%

Property prices in Redditch increased by 1.83% 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 B97 (Redditch) - Oct 24

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 B97 (Redditch)

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 B97 (Redditch)

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 B97 (Redditch)

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 B97 (Redditch) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the B97 postcode area since 1995.

Recent Sales in B97 (Redditch)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
36 Stonehouse Close, Redditch, Worcestershire, B97 4LF£185,000£185,000£0027 Mar 202420 Aug 2024146 Days
192 Walkwood Road, Redditch, Worcestershire, B97 5NX£259,950£235,000-£24,95021 Feb 202415 Aug 2024176 Days
33 Longfellow Close, Redditch, Worcestershire, B97 5HW£285,000£265,000-£20,00002 Jan 202408 Aug 2024219 Days
2 Lightoak Close, Redditch, Worcestershire, B97 5NQ£220,000£220,000£0020 Mar 202407 Aug 2024140 Days
375 Evesham Road, Redditch, Worcestershire, B97 5JA£200,000£198,800-£1,20019 Apr 202402 Aug 2024105 Days
24 Milford Close, Redditch, Worcestershire, B97 5PZ£400,000£375,000-£25,00001 Feb 202401 Aug 2024182 Days
313b, Evesham Road, Redditch, Worcestershire, B97 5HL£120,000£112,500-£7,50004 Jan 202430 Jul 2024208 Days
27 Ferney Hill Avenue, Redditch, Worcestershire, B97 4RU£250,000£248,000-£2,00026 Oct 202329 Jul 2024277 Days
6 Dunstall Close, Redditch, Worcestershire, B97 5UY£485,000£485,000£0023 Apr 202425 Jul 202493 Days
178 Walkwood Road, Redditch, Worcestershire, B97 5NS£317,000£307,000-£10,00023 Apr 202419 Jul 202487 Days
544 Evesham Road, Redditch, Worcestershire, B97 5JN£260,000£260,000£0029 Feb 202419 Jul 2024141 Days
5 Vaynor Drive, Redditch, Worcestershire, B97 5DL£325,000£325,000£0016 Mar 202418 Jul 2024124 Days
14 Woodend Close, Redditch, Worcestershire, B97 4LY£140,000£135,000-£5,00017 Jan 202409 Jul 2024174 Days
231 Evesham Road, Redditch, Worcestershire, B97 5EW£280,000£280,000£0012 Dec 202305 Jul 2024206 Days
100 Foxlydiate Crescent, Redditch, Worcestershire, B97 6NJ£230,000£222,000-£8,00015 Feb 202405 Jul 2024141 Days
6 Sydnall Close, Redditch, Worcestershire, B97 5SW£300,000£280,000-£20,00027 Feb 202405 Jul 2024129 Days
18 Haresfield Close, Redditch, Worcestershire, B97 4PP£185,000£185,000£0015 Feb 202401 Jul 2024137 Days
51 Shireland Lane, Redditch, Worcestershire, B97 6UB£160,000£160,000£0027 Jan 202427 Jun 2024152 Days
56 Cedar Park Road, Redditch, Worcestershire, B97 6HP£190,000£190,000£0027 Nov 202326 Jun 2024212 Days
11 Jubilee Avenue, Redditch, Worcestershire, B97 5HB£360,000£360,000£0012 Feb 202426 Jun 2024135 Days

Most Expensive Streets in B97 (Redditch)

PostcodeStreetAreaAverageNo. of Sales
B97 6QHHewell LaneRedditch£603,2504
B97 5PNCrumpfields LaneRedditch£576,9449
B97 5QPFeckenham Road, Hunt EndRedditch£559,5004
B97 6RLBirmingham RoadRedditch£529,0624
B97 5XBFenwick CloseRedditch£514,0003
B97 5QGFeckenham Road, Hunt EndRedditch£513,3333
B97 5XSChesterton CloseRedditch£506,8758
B97 5XYClaverdon Close, Hunt EndRedditch£486,5003
B97 5TEBlackstitch LaneRedditch£464,8005
B97 5YRWoodgreen Close, Callow HillRedditch£458,6005

Least Expensive Streets in B97 (Redditch)

PostcodeStreetAreaAverageNo. of Sales
B97 4AWUnicorn House, Unicorn HillRedditch£82,5836
B97 4JEMount PleasantRedditch£89,8333
B97 4JWSouthcrest GardensRedditch£90,0004
B97 4JNSouthcrest GardensRedditch£101,68419
B97 5GLGlendale TerraceRedditch£111,6254
B97 6AERyland House, Hewell RoadRedditch£114,7158
B97 4JTCrescent House, Mount PleasantRedditch£119,8333
B97 6AHGloucester CloseRedditch£122,00034
B97 6AJHollington House, Dixon CloseRedditch£124,09011
B97 4BYProspect HillRedditch£125,3577

Explore B97 (Redditch) using map

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