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House Prices in B98

The average house price in B98 (Redditch) is £253,312 using HM Land Registry data.

The average property price increased by £44,964 (43.78%) over the last 5 years and increased by £9,009 (5.9%) over the last 12 months.

Over the last year, there were 383 residential property sales – a decrease of 202 transactions (-52.74%) relative to the previous year. The majority of house sales (92) were in the £190,000 - £240,000 range. Then came properties in the £140,000 - £190,000 range, where 81 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 60 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,195 (-1%).

In Oct 24, there were 52 new estate agency instructions, 65 agreed home sales and 29 property price reductions.

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.

Property Market Heat Gauge for B98 (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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
14 Hartlebury Close, Redditch, Worcestershire, B98 9LY	£399,995	£398,000	-£1,995	17 Apr 2024	20 Aug 2024	125 Days
32 Sandhurst Close, Church Hill, Redditch, Worcestershire, B98 9JY	£167,000	£162,000	-£5,000	19 Dec 2023	19 Aug 2024	244 Days
72 Patch Lane, Oakenshaw, Redditch, Worcestershire, B98 7XG	£170,000	£165,000	-£5,000	07 May 2024	13 Aug 2024	98 Days
40 Sedgley Close, Redditch, Worcestershire, B98 8JR	£175,000	£175,000	£00	01 May 2024	09 Aug 2024	100 Days
78 Terrys Close, Abbeydale, Redditch, Worcestershire, B98 8EU	£240,000	£240,000	£00	05 Jan 2024	05 Aug 2024	213 Days
43 Kempsey Close, Redditch, Worcestershire, B98 7TL	£159,995	£158,000	-£1,995	19 Mar 2024	02 Aug 2024	136 Days
8 Neville Close, Redditch, Worcestershire, B98 8JB	£135,000	£128,000	-£7,000	23 Nov 2023	17 Jul 2024	237 Days
83 Bushley Close, Redditch, Worcestershire, B98 7TX	£180,000	£180,000	£00	01 Feb 2024	12 Jul 2024	162 Days
The Dingle, Dagnell End Road, Redditch, Worcestershire, B98 9BE	£465,000	£460,000	-£5,000	26 Dec 2023	05 Jul 2024	192 Days
10 Sutton Close, Redditch, Worcestershire, B98 0JR	£190,000	£190,000	£00	07 Mar 2024	01 Jul 2024	116 Days
26 Stoneleigh Close, Redditch, Worcestershire, B98 7YW	£265,000	£265,000	£00	07 Feb 2024	28 Jun 2024	142 Days
21 Prestbury Close, Winyates Green, Redditch, Worcestershire, B98 0QL	£259,500	£259,500	£00	09 Oct 2023	28 Jun 2024	263 Days
92 Tredington Close, Redditch, Worcestershire, B98 7UR	£245,000	£235,000	-£10,000	12 Dec 2023	28 Jun 2024	199 Days
31 Eyton Close, Redditch, Worcestershire, B98 0JY	£250,000	£250,000	£00	21 Jul 2023	27 Jun 2024	342 Days
67 Chedworth Close, Church Hill, Redditch, Worcestershire, B98 8QT	£215,000	£205,000	-£10,000	03 Feb 2024	24 Jun 2024	142 Days
64 Greenlands Avenue, Redditch, Worcestershire, B98 7PZ	£260,000	£255,000	-£5,000	27 Jan 2024	24 Jun 2024	149 Days
38 Towbury Close, Redditch, Worcestershire, B98 7YZ	£475,000	£470,000	-£5,000	15 May 2024	13 Jun 2024	29 Days
48 Cheswick Close, Winyates Green, Redditch, Worcestershire, B98 0QQ	£263,000	£248,500	-£14,500	23 Oct 2023	12 Jun 2024	233 Days
162 Loxley Close, Redditch, Worcestershire, B98 9JJ	£185,000	£185,000	£00	15 Feb 2024	07 Jun 2024	113 Days
8 Nine Days Lane, Redditch, Worcestershire, B98 7TE	£325,000	£300,000	-£25,000	05 Dec 2023	03 Jun 2024	181 Days

Most Expensive Streets in B98 (Redditch)

Postcode	Street	Area	Average	No. of Sales
B98 9AZ	Hither Green Lane	Redditch	£708,333	3
B98 9AD	Icknield Street, Church Hill North	Redditch	£634,500	4
B98 9BW	Hither Green Lane	Redditch	£599,375	8
B98 9BN	Hither Green Lane	Redditch	£597,950	10
B98 9ES	Ullenhall Lane, Beoley	Redditch	£583,333	3
B98 8RW	Marshfield Close	Redditch	£468,333	3
B98 0SJ	Otter Close	Redditch	£452,464	7
B98 8PX	Brooklands Lane	Redditch	£449,300	5
B98 7YU	Lineholt Close	Redditch	£428,571	7
B98 9AT	Holt Hill, Beoley	Redditch	£418,500	4

Least Expensive Streets in B98 (Redditch)

Postcode	Street	Area	Average	No. of Sales
B98 8BL	Oak House, Herbert Street, Redditch	Redditch	£77,000	3
B98 9JR	Hawksbury Close	Redditch	£100,166	6
B98 9NS	Woodgate Close	Redditch	£108,250	4
B98 0LA	Fownhope Close	Redditch	£108,500	4
B98 7BJ	Dingleside, Glover Street, Redditch	Redditch	£110,333	6
B98 7XL	High Trees Close	Redditch	£117,833	6
B98 0JX	Winforton Close, Winyates	Redditch	£118,700	5
B98 9JL	Loxley Close	Redditch	£123,666	3
B98 8QQ	Edgeworth Close, Church Hill	Redditch	£126,166	3
B98 8DR	Other Road	Redditch	£127,000	6