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House Prices in WV2

The average house price in WV2 (Wolverhampton) is £242,500 using HM Land Registry data.

The average property price increased by £33,120 (38.03%) over the last 5 years and increased by £6,636 (5.31%) over the last 12 months.

Over the last year, there were 70 residential property sales – a decrease of 43 transactions (-61.43%) relative to the previous year. The majority of house sales (21) were in the £180,000 - £210,000 range. Then came properties in the £150,000 - £180,000 range, where 14 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 14 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,135 (-2%).

In Oct 24, there were 16 new estate agency instructions, 12 agreed home sales and 7 property price reductions.

5-Year Average Property Prices in WV2 (Wolverhampton)

38.03%

Property prices in Wolverhampton increased by 38.03% 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 WV2 (Wolverhampton) Over the Last Year

5.31%

Property prices in Wolverhampton increased by 5.31% 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 WV2 (Wolverhampton) - 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).

0 to 20 days is an encouraging sign and shows that homes, on average, are selling within 3 weeks of going to market. As long as the property is priced realistically, there's a good chance of getting an offer within this timeframe. There may even be evidence of homes selling for over the asking price. However, please be mindful of the fact that your local housing market could be at risk of overheating.

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 WV2 (Wolverhampton)

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 WV2 (Wolverhampton)

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 WV2 (Wolverhampton)

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 WV2 (Wolverhampton) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WV2 postcode area since 1995.

Recent Sales in WV2 (Wolverhampton)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
17 Cotswold Road, Wolverhampton, West Midlands, WV2 2HN	£210,000	£205,000	-£5,000	16 Feb 2024	09 Aug 2024	175 Days
139 Pond Lane, Wolverhampton, West Midlands, WV2 1HH	£189,950	£185,000	-£4,950	19 Jan 2024	24 Apr 2024	96 Days
18 Myatt Avenue, Wolverhampton, West Midlands, WV2 2ED	£140,000	£135,000	-£5,000	13 Oct 2023	12 Apr 2024	182 Days
11 Chetwynd Road, Wolverhampton, West Midlands, WV2 4NZ	£250,000	£250,000	£00	18 Dec 2023	10 Apr 2024	114 Days
4 Mills Crescent, Wolverhampton, West Midlands, WV2 1HY	£210,000	£205,000	-£5,000	29 Oct 2023	28 Mar 2024	151 Days
383 Bilston Road, Wolverhampton, West Midlands, WV2 2NN	£165,000	£130,000	-£35,000	21 Jun 2023	22 Mar 2024	275 Days
118 Goldthorn Hill, Wolverhampton, West Midlands, WV2 3HU	£420,000	£420,000	£00	10 Aug 2023	01 Mar 2024	204 Days
24 Granville Street, Wolverhampton, West Midlands, WV2 1DG	£170,000	£160,000	-£10,000	19 May 2023	23 Feb 2024	280 Days
19 Wheatley Street, Wolverhampton, West Midlands, WV2 2DY	£160,000	£160,000	£00	09 Nov 2022	23 Feb 2024	471 Days
67 George Street, Ettingshall, Wolverhampton, West Midlands, WV2 2LY	£210,000	£200,000	-£10,000	21 Aug 2023	20 Feb 2024	183 Days
14 Wessex Road, Wolverhampton, West Midlands, WV2 2ER	£190,000	£182,500	-£7,500	09 Aug 2023	26 Jan 2024	170 Days
31 Poplar Street, Wolverhampton, West Midlands, WV2 3JZ	£175,000	£170,500	-£4,500	21 Aug 2023	17 Nov 2023	88 Days
27 Pond Grove, Wolverhampton, West Midlands, WV2 1HQ	£180,000	£180,000	£00	06 Aug 2023	03 Nov 2023	89 Days
10 Trentham Rise, Wolverhampton, West Midlands, WV2 2HE	£150,000	£150,000	£00	21 May 2023	26 Oct 2023	158 Days
24 Parkfield Crescent, Wolverhampton, West Midlands, WV2 2DE	£160,000	£160,000	£00	15 Feb 2023	27 Sep 2023	224 Days
12 Hawthorne Road, Wolverhampton, West Midlands, WV2 3EH	£160,000	£145,000	-£15,000	12 Sep 2022	08 Aug 2023	330 Days
76 Dixon Street, Wolverhampton, West Midlands, WV2 2BJ	£180,000	£178,000	-£2,000	28 Apr 2023	28 Jul 2023	91 Days
131 Raby Street, Wolverhampton, West Midlands, WV2 1AW	£150,000	£140,000	-£10,000	09 Mar 2023	03 Jul 2023	116 Days
25 Rough Hills Road, Wolverhampton, West Midlands, WV2 2HJ	£160,000	£160,000	£00	24 Mar 2023	27 Jun 2023	95 Days
8 Mendip Close, Wolverhampton, West Midlands, WV2 2HF	£175,000	£172,500	-£2,500	26 Jan 2023	26 Jun 2023	151 Days

Most Expensive Streets in WV2 (Wolverhampton)

Postcode	Street	Area	Average	No. of Sales
WV2 4PX	Tudor Crescent	Wolverhampton	£366,875	4
WV2 4PU	Rookery Lane	Wolverhampton	£343,333	3
WV2 2NU	Ward Street	Wolverhampton	£257,666	3
WV2 4PN	Goldthorn Road	Wolverhampton	£248,499	4
WV2 2AX	Uxbridge Close	Wolverhampton	£231,333	3
WV2 4PP	Needwood Close	Wolverhampton	£230,333	6
WV2 4QB	Goldthorn Hill	Wolverhampton	£224,150	4
WV2 2JG	William Bayliss Drive	Wolverhampton	£216,716	13
WV2 2AA	Ward Street	Wolverhampton	£210,750	4
WV2 2RN	Coningsby Drive	Wolverhampton	£207,112	12

Least Expensive Streets in WV2 (Wolverhampton)

Postcode	Street	Area	Average	No. of Sales
WV2 4QF	Cotswold Court, Goldthorn Hill	Wolverhampton	£73,500	4
WV2 1AA	Tempest Street	Wolverhampton	£83,333	3
WV2 2QX	Tolworth Gardens	Wolverhampton	£87,333	3
WV2 1EJ	All Saints Road	Wolverhampton	£90,250	4
WV2 1BF	Tramway Drive	Wolverhampton	£90,750	9
WV2 1DP	Maxwell Road	Wolverhampton	£95,916	3
WV2 3JB	Fowler Street	Wolverhampton	£102,300	5
WV2 3EG	Knox Road	Wolverhampton	£102,500	5
WV2 1DS	Vicarage Road	Wolverhampton	£105,000	4
WV2 3HW	Wanderers Avenue	Wolverhampton	£110,500	4