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House Prices in B98 House Prices in B98 (Redditch)

The average house price in B98 (Redditch) is £240,265 using HM Land Registry data.

The average property price increased by £41,898 (43.78%) over the last 5 years and increased by £8,395 (5.9%) over the last 12 months.

Over the last year, there were 425 residential property sales – a decrease of 149 transactions (-35.06%) relative to the previous year. The majority of house sales (104) were in the £140,000 - £192,000 range. Then came properties in the £192,000 - £244,000 range, where 99 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 87 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,361 (-2%).

In Dec 24, there were 31 new estate agency instructions, 35 agreed home sales and 17 property price reductions.

Nearby Postcodes: B31, B38, B45, B47, B48, B49, B60, B80, B90, B93, B94, B95, B96, B97, CV35, CV37

5-Year Average Property Prices in B98 (Redditch)

43.78%

Property prices in Redditch increased by 43.78% 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 B98 (Redditch) Over the Last Year

5.9%

Property prices in Redditch increased by 5.9% 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 B98 (Redditch) - Dec 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 B98 (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 B98 (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 B98 (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 B98 (Redditch) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the B98 postcode area since 1995.

Recent Sales in B98 (Redditch)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
80 Edgeworth Close, Church Hill, Redditch, Worcestershire, B98 8QQ£115,000£112,500-£2,50022 May 202415 Nov 2024177 Days
135 Hither Green Lane, Redditch, Worcestershire, B98 9AZ£800,000£780,000-£20,00030 Aug 202415 Nov 202477 Days
9 Upton Close, Redditch, Worcestershire, B98 0PD£225,000£225,000£0029 Jun 202411 Nov 2024135 Days
34 Eyton Close, Redditch, Worcestershire, B98 0JY£250,000£240,000-£10,00021 May 202408 Nov 2024171 Days
177 Loxley Close, Redditch, Worcestershire, B98 9JJ£195,000£191,000-£4,00008 Aug 202404 Nov 202488 Days
96 Donnington Close, Church Hill, Redditch, Worcestershire, B98 8QE£190,000£189,000-£1,00001 Jul 202401 Nov 2024123 Days
28 Ettingley Close, Redditch, Worcestershire, B98 7UF£450,000£450,000£0004 Apr 202429 Oct 2024208 Days
10 Fulbrook Close, Church Hill, Redditch, Worcestershire, B98 8QP£200,000£200,000£0010 Aug 202325 Oct 2024442 Days
11 Pebworth Close, Church Hill, Redditch, Worcestershire, B98 9JX£230,000£230,000£0010 Jul 202425 Oct 2024107 Days
78 Donnington Close, Church Hill, Redditch, Worcestershire, B98 8QE£180,000£180,000£0015 Jul 202423 Oct 2024100 Days
67 Terrys Close, Abbeydale, Redditch, Worcestershire, B98 8EU£240,000£238,000-£2,00010 May 202417 Oct 2024160 Days
45 Charlecote Close, Ipsley, Redditch, Worcestershire, B98 0TQ£320,000£320,000£0017 Jun 202416 Oct 2024121 Days
14 Hartlebury Close, Redditch, Worcestershire, B98 9LY£399,995£398,000-£1,99517 Apr 202420 Aug 2024125 Days
32 Sandhurst Close, Church Hill, Redditch, Worcestershire, B98 9JY£167,000£162,000-£5,00019 Dec 202319 Aug 2024244 Days
72 Patch Lane, Oakenshaw, Redditch, Worcestershire, B98 7XG£170,000£165,000-£5,00007 May 202413 Aug 202498 Days
40 Sedgley Close, Redditch, Worcestershire, B98 8JR£175,000£175,000£0001 May 202409 Aug 2024100 Days
78 Terrys Close, Abbeydale, Redditch, Worcestershire, B98 8EU£240,000£240,000£0005 Jan 202405 Aug 2024213 Days
43 Kempsey Close, Redditch, Worcestershire, B98 7TL£159,995£158,000-£1,99519 Mar 202402 Aug 2024136 Days
8 Neville Close, Redditch, Worcestershire, B98 8JB£135,000£128,000-£7,00023 Nov 202317 Jul 2024237 Days
83 Bushley Close, Redditch, Worcestershire, B98 7TX£180,000£180,000£0001 Feb 202412 Jul 2024162 Days

Most Expensive Streets in B98 (Redditch)

PostcodeStreetAreaAverageNo. of Sales
B98 9AZHither Green LaneRedditch£708,3333
B98 9ADIcknield Street, Church Hill NorthRedditch£616,6005
B98 9BNHither Green LaneRedditch£611,09011
B98 9BWHither Green LaneRedditch£599,3758
B98 9ESUllenhall Lane, BeoleyRedditch£583,3333
B98 8RWMarshfield CloseRedditch£468,3333
B98 8PXBrooklands LaneRedditch£449,3005
B98 9AUMoss Lane Close, BeoleyRedditch£441,6663
B98 0SJOtter CloseRedditch£435,2818
B98 7YULineholt CloseRedditch£426,8758

Least Expensive Streets in B98 (Redditch)

PostcodeStreetAreaAverageNo. of Sales
B98 8BLOak House, Herbert Street, RedditchRedditch£77,0003
B98 9JRHawksbury CloseRedditch£103,0007
B98 9NSWoodgate CloseRedditch£108,2504
B98 0LAFownhope CloseRedditch£108,5004
B98 7BJDingleside, Glover Street, RedditchRedditch£110,3336
B98 7XLHigh Trees CloseRedditch£117,8336
B98 7AYMarsden RoadRedditch£118,4163
B98 0JXWinforton Close, WinyatesRedditch£118,7005
B98 0PPMainstone CloseRedditch£123,5836
B98 9JLLoxley CloseRedditch£123,6663

Explore B98 (Redditch) using map

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