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House Prices in WV8 House Prices in WV8 (Wolverhampton)

The average house price in WV8 (Wolverhampton) is £293,872 using HM Land Registry data.

The average property price increased by £18,491 (40.21%) over the last 5 years and increased by £3,704 (5.54%) over the last 12 months.

Over the last year, there were 139 residential property sales – a decrease of 53 transactions (-38.13%) relative to the previous year. The majority of house sales (38) were in the £160,000 - £232,000 range. Then came properties in the £232,000 - £304,000 range, where 35 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 173 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,036 (-3%).

In January 2025, there were 21 new estate agency instructions, 25 agreed home sales and 12 property price reductions.

Nearby Postcodes: DY10, DY11, ST17, ST18, ST19, ST20, TF10, TF11, TF2, TF3, TF7, TF8, WS11, WS12, WV1, WV10, WV15, WV16, WV3, WV4, WV5, WV6, WV7, WV9, WV98, WV99

5-Year Average Property Prices in WV8 (Wolverhampton)

40.21%

Property prices in WV8 (Wolverhampton) increased by 40.21% 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 WV8 (Wolverhampton) Over the Last Year

5.54%

Property prices in WV8 (Wolverhampton) increased by 5.54% 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 WV8 (Wolverhampton) - January 2025

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 WV8 (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 WV8 (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 WV8 (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 WV8 (Wolverhampton) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WV8 postcode area since 1995.

Recent Sales in WV8 (Wolverhampton)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
51 Old Farm Drive, Codsall, Wolverhampton, Staffordshire, WV8 1GF£625,000£625,000£020 Aug 202411 Dec 2024113 Days
64 Princes Gardens, Codsall, Wolverhampton, Staffordshire, WV8 2DH£635,000£635,000£011 Aug 202425 Nov 2024106 Days
6 South View Close, Codsall, Wolverhampton, Staffordshire, WV8 2JD£500,000£500,000£018 Apr 202422 Nov 2024218 Days
Rose Cottage, Whitehouse Lane, Codsall Wood, Wolverhampton, Staffordshire, WV8 1QS£550,000£535,000-£15,00002 May 202407 Nov 2024189 Days
30 Lime Tree Gardens, Codsall, Wolverhampton, Staffordshire, WV8 1NR£265,000£265,000£025 Jun 202401 Nov 2024129 Days
2 Ganton Walk, Wolverhampton, West Midlands, WV8 1YL£200,000£200,000£016 May 202417 Oct 2024154 Days
18 Palmers Close, Codsall, Wolverhampton, Staffordshire, WV8 2JX£395,000£372,500-£22,50006 Apr 202411 Oct 2024188 Days
74 Ravenhill Drive, Codsall, Wolverhampton, Staffordshire, WV8 1BL£280,000£280,000£003 Jul 202407 Oct 202496 Days
21 Crompton Court, Codsall, Wolverhampton, Staffordshire, WV8 1GE£179,995£179,995£019 Mar 202404 Oct 2024199 Days
9 Madeira Avenue, Codsall, Wolverhampton, Staffordshire, WV8 2DS£300,000£295,000-£5,00005 Jun 202401 Oct 2024118 Days
26 Acacia Crescent, Codsall, Wolverhampton, Staffordshire, WV8 1NU£199,950£199,950£004 Jun 202427 Sep 2024115 Days
7 Keepers Lane, Codsall, Wolverhampton, Staffordshire, WV8 2DP£675,000£675,000£006 Jul 202315 Sep 2024437 Days
31 Wilkes Road, Codsall, Wolverhampton, Staffordshire, WV8 1RZ£195,000£185,000-£10,00014 Sep 202311 Sep 2024363 Days
6 Arps Road, Codsall, Wolverhampton, Staffordshire, WV8 1SH£239,950£222,500-£17,45020 May 202406 Sep 2024109 Days
9 Charters Avenue, Codsall, Wolverhampton, Staffordshire, WV8 2JH£285,000£285,000£004 Jun 202430 Aug 202487 Days
56 Broadway, Codsall, Wolverhampton, Staffordshire, WV8 2EL£399,950£399,950£006 Apr 202412 Jul 202497 Days
65 Bilbrook Road, Codsall, Wolverhampton, Staffordshire, WV8 1ER£425,000£425,000£026 Dec 202314 Jun 2024171 Days
25 Oaken Lanes, Codsall, Wolverhampton, Staffordshire, WV8 2AH£845,000£810,000-£35,00021 Dec 202314 Jun 2024176 Days
16 Cherry Tree Lane, Codsall, Wolverhampton, Staffordshire, WV8 1NL£250,000£242,500-£7,50009 Feb 202410 Jun 2024122 Days
7 Cottage View, Codsall, Wolverhampton, Staffordshire, WV8 1DZ£475,000£475,000£021 Dec 202310 Jun 2024172 Days

Most Expensive Streets in WV8 (Wolverhampton)

PostcodeStreetAreaAverageNo. of Sales
WV8 1EGMill Lane, CodsallWolverhampton£1,006,6663
WV8 2EYHistons Hill, CodsallWolverhampton£760,0003
WV8 2AHOaken Lanes, CodsallWolverhampton£759,2504
WV8 1EHChurch Road, CodsallWolverhampton£616,6005
WV8 1QSWhitehouse Lane, Codsall WoodWolverhampton£570,0003
WV8 1QZWhite Ladies Farm Barns, Shackerley LaneWolverhampton£567,7508
WV8 2ENLansdowne Avenue, CodsallWolverhampton£564,9287
WV8 2BLSuckling Green Lane, CodsallWolverhampton£531,8336
WV8 1GFOld Farm Drive, CodsallWolverhampton£524,6509
WV8 2BTSuckling Green Lane, CodsallWolverhampton£496,1005

Least Expensive Streets in WV8 (Wolverhampton)

PostcodeStreetAreaAverageNo. of Sales
WV8 1BTBilbrook Court, Bilbrook RoadWolverhampton£106,4217
WV8 1NWCherry Tree Lane, CodsallWolverhampton£111,6663
WV8 1UAThe DrovewayWolverhampton£133,5003
WV8 1HXBrookfield Road, CodsallWolverhampton£133,7504
WV8 1UESmallwood Road, PendefordWolverhampton£140,7504
WV8 1XBBarnhurst LaneWolverhampton£145,8005
WV8 1LHBrook Grove, CodsallWolverhampton£146,6663
WV8 1UZGranary RoadWolverhampton£148,2504
WV8 1TDTorfieldWolverhampton£152,6663
WV8 2JULane Green Road, CodsallWolverhampton£155,0003

Explore WV8 (Wolverhampton) using map

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