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House Prices in WS5

The average house price in WS5 (Walsall) is £233,571 using HM Land Registry data.

The average property price increased by £110,946 (34.18%) over the last 5 years and increased by £22,179 (4.89%) over the last 12 months.

Over the last year, there were 149 residential property sales – a decrease of 49 transactions (-32.89%) relative to the previous year. The majority of house sales (36) were in the £226,000 - £302,000 range. Then came properties in the £150,000 - £226,000 range, where 33 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 52 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,262 (-2%).

In June 2024, there were 33 new estate agency instructions, 26 agreed home sales and 19 property price reductions.

5-Year Average Property Prices in WS5 (Walsall)

34.18%

Property prices in Walsall increased by 34.18% 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 WS5 (Walsall) Over the Last Year

4.89%

Property prices in Walsall increased by 4.89% 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 WS5 (Walsall) - 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 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 WS5 (Walsall)

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 WS5 (Walsall)

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 WS5 (Walsall)

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 WS5 (Walsall) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WS5 postcode area since 1995.

Recent Sales in WS5 (Walsall)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
7 Hyacinth Close, Walsall, West Midlands, WS5 4SU	£450,000	£442,000	-£8,000	04 Sep 2023	14 May 2024	253 Days
32 Appledore Road, Walsall, West Midlands, WS5 3DT	£290,000	£290,000	£00	10 Mar 2023	19 Apr 2024	406 Days
182 Sutton Road, Walsall, West Midlands, WS5 3AH	£340,000	£330,000	-£10,000	06 Oct 2023	12 Apr 2024	189 Days
22 Brookhouse Road, Walsall, West Midlands, WS5 3AD	£460,000	£452,500	-£7,500	28 Jul 2023	04 Apr 2024	251 Days
46 Blackthorne Road, Walsall, West Midlands, WS5 4NF	£240,000	£240,000	£00	19 Dec 2023	02 Apr 2024	105 Days
2 Elmstead Wood, Walsall, West Midlands, WS5 3BU	£265,000	£262,500	-£2,500	07 Nov 2023	27 Mar 2024	141 Days
34 Lilac Avenue, Walsall, West Midlands, WS5 4JP	£240,000	£215,000	-£25,000	29 Sep 2023	08 Mar 2024	161 Days
24 Radford Close, Walsall, West Midlands, WS5 4HW	£185,000	£180,000	-£5,000	17 Nov 2023	29 Feb 2024	104 Days
1 Allington Close, Walsall, West Midlands, WS5 3DS	£270,000	£270,000	£00	25 Nov 2023	28 Feb 2024	95 Days
52 Redwood Road, Walsall, West Midlands, WS5 4LB	£110,000	£95,000	-£15,000	08 Sep 2023	28 Feb 2024	173 Days
20 Bodmin Rise, Walsall, West Midlands, WS5 3HY	£299,950	£275,000	-£24,950	25 Aug 2023	16 Feb 2024	175 Days
21 Camborne Road, Walsall, West Midlands, WS5 3JB	£310,000	£295,000	-£15,000	26 Sep 2023	07 Feb 2024	134 Days
123 Skip Lane, Walsall, West Midlands, WS5 3LR	£380,000	£350,000	-£30,000	23 Sep 2023	02 Feb 2024	132 Days
52 Blackthorne Road, Walsall, West Midlands, WS5 4NF	£215,000	£210,000	-£5,000	10 Mar 2023	29 Jan 2024	325 Days
46 Longmeadow Road, Walsall, West Midlands, WS5 3DD	£340,000	£335,000	-£5,000	27 Oct 2023	26 Jan 2024	91 Days
96 Norman Road, Walsall, West Midlands, WS5 3QN	£320,000	£305,000	-£15,000	17 Aug 2023	25 Jan 2024	161 Days
10 Daffodil Road, Walsall, West Midlands, WS5 3DQ	£250,000	£230,000	-£20,000	18 Dec 2023	24 Jan 2024	37 Days
10 Cornwall Road, Walsall, West Midlands, WS5 3PD	£600,000	£580,000	-£20,000	11 Aug 2023	23 Jan 2024	165 Days
42 Blackthorne Road, Walsall, West Midlands, WS5 4NF	£250,000	£245,000	-£5,000	10 Jul 2023	19 Jan 2024	193 Days
376 Birmingham Road, Walsall, West Midlands, WS5 3NX	£550,000	£520,000	-£30,000	26 May 2023	10 Jan 2024	229 Days

Most Expensive Streets in WS5 (Walsall)

Postcode	Street	Area	Average	No. of Sales
WS5 3LN	Woodlands Avenue	Walsall	£787,750	4
WS5 3LF	Beacon Road	Walsall	£769,291	6
WS5 3JU	Park Road	Walsall	£709,500	6
WS5 3LE	Woodfield Close	Walsall	£702,483	3
WS5 3NG	Charlemont Road	Walsall	£697,124	8
WS5 3LL	Skip Lane	Walsall	£568,625	4
WS5 3AT	Longwood Lane	Walsall	£566,100	5
WS5 3PJ	Gillity Avenue	Walsall	£538,500	4
WS5 3RA	Skip Lane	Walsall	£516,250	4
WS5 3PA	Lake Avenue	Walsall	£499,045	11

Least Expensive Streets in WS5 (Walsall)

Postcode	Street	Area	Average	No. of Sales
WS5 3JD	Gillity Court, Camborne Road	Walsall	£76,833	3
WS5 4QJ	Brockhurst Crescent	Walsall	£83,958	6
WS5 4QE	Pommel Close	Walsall	£88,400	5
WS5 4EZ	Ladbury Grove	Walsall	£92,333	3
WS5 4SD	Sorrel Drive	Walsall	£93,500	5
WS5 3HQ	Park Hall Close	Walsall	£123,500	6
WS5 4NN	West Bromwich Road	Walsall	£135,166	3
WS5 4SG	Pimpernel Drive, Tamebridge	Walsall	£139,166	3
WS5 4HW	Radford Close	Walsall	£140,750	4
WS5 4RU	Camomile Close	Walsall	£144,000	3