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House Prices in WV7

The average house price in WV7 (Wolverhampton) is £360,000 using HM Land Registry data.

The average property price increased by £65,062 (23.97%) over the last 5 years and increased by £13,006 (3.67%) over the last 12 months.

Over the last year, there were 47 residential property sales – a decrease of 26 transactions (-55.32%) relative to the previous year. The majority of house sales (15) were in the £232,000 - £314,000 range. Then came properties in the £314,000 - £396,000 range, where 11 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 98 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,272 (-3%).

In June 2024, there were 21 new estate agency instructions, 17 agreed home sales and 8 property price reductions.

5-Year Average Property Prices in WV7 (Wolverhampton)

23.97%

Property prices in Wolverhampton increased by 23.97% 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 WV7 (Wolverhampton) Over the Last Year

3.67%

Property prices in Wolverhampton increased by 3.67% 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 WV7 (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 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 WV7 (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 WV7 (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 WV7 (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 WV7 (Wolverhampton) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WV7 postcode area since 1995.

Recent Sales in WV7 (Wolverhampton)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
1 Barclay Close, Albrighton, Wolverhampton, Shropshire, WV7 3PX	£369,950	£360,000	-£9,950	07 Jun 2023	15 Feb 2024	253 Days
40 Delaware Avenue, Albrighton, Wolverhampton, Shropshire, WV7 3BW	£265,000	£262,000	-£3,000	08 Sep 2023	15 Dec 2023	98 Days
7 Windsor Road, Albrighton, Wolverhampton, Shropshire, WV7 3PY	£420,000	£412,500	-£7,500	06 Jul 2023	14 Dec 2023	161 Days
32 Bowling Green Lane, Albrighton, Wolverhampton, Shropshire, WV7 3HL	£315,000	£310,000	-£5,000	17 Jun 2022	08 Dec 2023	539 Days
10 Long Croft, Albrighton, Wolverhampton, Shropshire, WV7 3DN	£599,950	£560,000	-£39,950	23 May 2023	08 Dec 2023	199 Days
18 Lyncroft, Albrighton, Wolverhampton, Shropshire, WV7 3QJ	£260,000	£260,000	£00	31 Mar 2023	24 Nov 2023	238 Days
10 Church Road, Albrighton, Wolverhampton, Shropshire, WV7 3LB	£335,000	£320,000	-£15,000	08 Sep 2023	10 Nov 2023	63 Days
Van Hin, Holyhead Road, Albrighton, Wolverhampton, Staffordshire, WV7 3AN	£315,000	£280,000	-£35,000	15 May 2023	31 Oct 2023	169 Days
7 Bredon Close, Albrighton, Wolverhampton, Shropshire, WV7 3PQ	£332,500	£327,000	-£5,500	01 Jun 2023	23 Oct 2023	144 Days
8 Mayfair Close, Albrighton, Wolverhampton, Shropshire, WV7 3PW	£365,000	£352,500	-£12,500	31 Mar 2023	06 Oct 2023	189 Days
2 Shaw Lane, Albrighton, Wolverhampton, Shropshire, WV7 3DS	£219,950	£215,000	-£4,950	26 Jan 2023	01 Sep 2023	218 Days
22 Fair Lawn, Albrighton, Wolverhampton, Shropshire, WV7 3QF	£250,000	£241,000	-£9,000	24 Apr 2023	30 Aug 2023	128 Days
28 Shaw Lane, Albrighton, Wolverhampton, Shropshire, WV7 3DY	£325,000	£315,000	-£10,000	17 Apr 2023	29 Aug 2023	134 Days
14 Redford Drive, Albrighton, Wolverhampton, Shropshire, WV7 3DE	£349,000	£349,000	£00	01 Feb 2023	18 Aug 2023	198 Days
21 Ash Grove, Albrighton, Wolverhampton, Shropshire, WV7 3QU	£188,000	£184,500	-£3,500	01 Dec 2022	04 Aug 2023	246 Days
36 Grange Park, Albrighton, Wolverhampton, Shropshire, WV7 3EN	£245,000	£240,000	-£5,000	11 Apr 2023	23 Jun 2023	73 Days
4 Fair Lawn, Albrighton, Wolverhampton, Shropshire, WV7 3QF	£312,500	£310,000	-£2,500	23 Jan 2023	23 Jun 2023	151 Days
11 Brindley Close, Albrighton, Wolverhampton, Shropshire, WV7 3PP	£260,000	£245,000	-£15,000	23 Jan 2023	08 Jun 2023	136 Days
14 Fair Lawn, Albrighton, Wolverhampton, Shropshire, WV7 3QF	£299,950	£296,000	-£3,950	05 Apr 2023	08 Jun 2023	64 Days
1 Delaware Avenue, Albrighton, Wolverhampton, Shropshire, WV7 3BW	£365,000	£360,000	-£5,000	28 Oct 2022	26 May 2023	210 Days

Most Expensive Streets in WV7 (Wolverhampton)

Postcode	Street	Area	Average	No. of Sales
WV7 3FE	Warwick Park, Albrighton	Wolverhampton	£622,637	4
WV7 3RA	Cross Road, Albrighton	Wolverhampton	£490,000	3
WV7 3HN	Bowling Green Lane, Albrighton	Wolverhampton	£413,333	3
WV7 3EG	St Marys Close, Albrighton	Wolverhampton	£412,666	3
WV7 3AZ	Rushey Lane, Albrighton	Wolverhampton	£374,000	3
WV7 3JP	Anvil Close, Albrighton	Wolverhampton	£372,877	27
WV7 3RE	The Orchard, Albrighton	Wolverhampton	£366,666	3
WV7 3DT	Shaw Lane, Albrighton	Wolverhampton	£365,500	3
WV7 3DS	Shaw Lane, Albrighton	Wolverhampton	£344,625	8
WV7 3QP	Cross Road, Albrighton	Wolverhampton	£335,125	4

Least Expensive Streets in WV7 (Wolverhampton)

Postcode	Street	Area	Average	No. of Sales
WV7 3LZ	Saxon Park, High Street, Albrighton	Wolverhampton	£69,083	6
WV7 3QU	Ash Grove, Albrighton	Wolverhampton	£139,300	5
WV7 3JZ	Abney Avenue, Albrighton	Wolverhampton	£161,500	3
WV7 3LT	Beechurst Gardens, Albrighton	Wolverhampton	£165,900	5
WV7 3LP	Bishton Road, Albrighton	Wolverhampton	£166,000	3
WV7 3DX	Meeson Close, Albrighton	Wolverhampton	£190,625	4
WV7 3HW	St Cuthberts Crescent, Albrighton	Wolverhampton	£193,333	6
WV7 3LS	Pitchford Road, Albrighton	Wolverhampton	£198,750	4
WV7 3LQ	Charles Avenue, Albrighton	Wolverhampton	£200,833	3
WV7 3QJ	Lyncroft, Albrighton	Wolverhampton	£210,500	4