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House Prices in WV5 House Prices in WV5 (Wolverhampton)

The average house price in WV5 (Wolverhampton) is £235,000 using HM Land Registry data.

The average property price increased by £108,952 (15.51%) over the last 5 years and increased by £21,781 (2.52%) over the last 12 months.

Over the last year, there were 121 residential property sales – a decrease of 85 transactions (-70.25%) relative to the previous year. The majority of house sales (36) were in the £258,000 - £336,000 range. Then came properties in the £180,000 - £258,000 range, where 29 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 47 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,276 (-2%).

In June 2024, there were 33 new estate agency instructions, 18 agreed home sales and 15 property price reductions.

Nearby Postcodes: DY1, DY10, DY11, DY12, DY3, DY5, DY6, DY7, DY8, TF11, WV1, WV10, WV14, WV15, WV16, WV2, WV3, WV4, WV6, WV7, WV8, WV9

5-Year Average Property Prices in WV5 (Wolverhampton)

15.51%

Property prices in Wolverhampton increased by 15.51% 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 WV5 (Wolverhampton) Over the Last Year

2.52%

Property prices in Wolverhampton increased by 2.52% 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 WV5 (Wolverhampton) - 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 WV5 (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 WV5 (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 WV5 (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 WV5 (Wolverhampton) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WV5 postcode area since 1995.

Recent Sales in WV5 (Wolverhampton)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
25 Bramber Drive, Wombourne, Wolverhampton, Staffordshire, WV5 8EQ£250,000£247,500-£2,50004 Apr 202424 May 202450 Days
54 Bridgnorth Road, Wombourne, Wolverhampton, Staffordshire, WV5 0AQ£239,950£225,000-£14,95019 Jan 202417 May 2024119 Days
38 The Broadway, Wombourne, Wolverhampton, Staffordshire, WV5 0HY£345,000£340,000-£5,00017 Jun 202226 Apr 2024679 Days
3 Griffiths Green, Claverley, Wolverhampton, Shropshire, WV5 7BG£315,000£315,000£0016 Oct 202325 Apr 2024192 Days
55 Bull Lane, Wombourne, Wolverhampton, Staffordshire, WV5 9BX£319,950£318,000-£1,95004 Oct 202319 Apr 2024198 Days
23 The Heathlands, Wombourne, Wolverhampton, Staffordshire, WV5 8HF£439,000£435,000-£4,00010 Nov 202312 Apr 2024154 Days
28 Strathmore Crescent, Wombourne, Wolverhampton, Staffordshire, WV5 9AS£284,995£284,995£0025 Sep 202310 Apr 2024198 Days
31 The Wold, Claverley, Wolverhampton, Shropshire, WV5 7BD£785,000£760,000-£25,00023 May 202307 Mar 2024289 Days
33 Strathmore Crescent, Wombourne, Wolverhampton, Staffordshire, WV5 9AY£285,000£270,000-£15,00012 Sep 202309 Feb 2024150 Days
58 Clee View Road, Wombourne, Wolverhampton, Staffordshire, WV5 0BD£230,000£200,000-£30,00009 Nov 202307 Feb 202490 Days
Sunnyside, Giggetty Lane, Wombourne, Wolverhampton, Staffordshire, WV5 0AY£260,000£240,000-£20,00014 Sep 202331 Jan 2024139 Days
4 Lockside, Wombourne, Wolverhampton, Staffordshire, WV5 8AU£275,000£250,000-£25,00025 Oct 202326 Jan 202493 Days
12 Mount Road, Wombourne, Wolverhampton, Staffordshire, WV5 9EP£299,950£295,000-£4,95021 Aug 202319 Jan 2024151 Days
25 The Broadway, Wombourne, Wolverhampton, Staffordshire, WV5 0HS£395,000£385,000-£10,00012 May 202312 Jan 2024245 Days
Awbridge House, Union Lane, Trysull, Wolverhampton, Staffordshire, WV5 7JD£995,000£950,000-£45,00017 Apr 202305 Jan 2024263 Days
5 Mount Close, Wombourne, Wolverhampton, Staffordshire, WV5 9ER£250,000£245,000-£5,00011 Sep 202315 Dec 202395 Days
53 Bumblehole Meadows, Wombourne, Wolverhampton, Staffordshire, WV5 8BG£240,000£239,000-£1,00013 Jul 202215 Dec 2023520 Days
60 Meadow Lane, Wombourne, Wolverhampton, Staffordshire, WV5 9BU£260,000£260,000£0026 Jul 202311 Dec 2023138 Days
9 Bull Meadow Lane, Wombourne, Wolverhampton, Staffordshire, WV5 9DE£279,950£272,000-£7,95023 May 202301 Dec 2023192 Days
11 Ednam Grove, Wombourne, Wolverhampton, Staffordshire, WV5 9AZ£315,000£307,500-£7,50009 May 202324 Nov 2023199 Days

Most Expensive Streets in WV5 (Wolverhampton)

PostcodeStreetAreaAverageNo. of Sales
WV5 7EADraycottWolverhampton£736,5004
WV5 7DPLodge Park, ClaverleyWolverhampton£723,7504
WV5 0LBSytch Lane, WombourneWolverhampton£641,6666
WV5 7HAPost Office Road, SeisdonWolverhampton£585,31514
WV5 9BNStourbridge Road, WombourneWolverhampton£567,5004
WV5 7ASBroughtonWolverhampton£561,8754
WV5 9EUMount Road, WombourneWolverhampton£561,6663
WV5 8AZPool House Road, WombourneWolverhampton£536,8754
WV5 7BDThe Wold, ClaverleyWolverhampton£508,1119
WV5 8HFThe Heathlands, WombourneWolverhampton£501,6663

Least Expensive Streets in WV5 (Wolverhampton)

PostcodeStreetAreaAverageNo. of Sales
WV5 9DGManor Gardens, WombourneWolverhampton£111,1254
WV5 0NECommon Road, WombourneWolverhampton£133,4163
WV5 0AGDean Road, WombourneWolverhampton£137,8624
WV5 0NNCygnet Court, WombourneWolverhampton£142,5499
WV5 0EBLamb Crescent, WombourneWolverhampton£150,1663
WV5 8HPMillfields Way, WombourneWolverhampton£155,7905
WV5 9DYWood Road, WombourneWolverhampton£161,0336
WV5 9DPHigh Street, WombourneWolverhampton£165,3663
WV5 8HTSwinford Leys, WombourneWolverhampton£175,5836
WV5 0NHDickinson Road, WombourneWolverhampton£175,7128

Explore WV5 (Wolverhampton) using map

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