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House Prices in WV8 House Prices in WV8 (Wolverhampton)

The average house price in WV8 (Wolverhampton) is £313,135 using HM Land Registry data.

The average property price increased by £22,575 (40.21%) over the last 5 years and increased by £4,524 (5.54%) over the last 12 months.

Over the last year, there were 123 residential property sales – a decrease of 81 transactions (-65.85%) relative to the previous year. The majority of house sales (35) were in the £160,000 - £224,000 range. Then came properties in the £224,000 - £288,000 range, where 32 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 61 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,727 (-3%).

In Oct 24, there were 22 new estate agency instructions, 30 agreed home sales and 17 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 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 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) - 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).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 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
56 Broadway, Codsall, Wolverhampton, Staffordshire, WV8 2EL£399,950£399,950£0006 Apr 202412 Jul 202497 Days
65 Bilbrook Road, Codsall, Wolverhampton, Staffordshire, WV8 1ER£425,000£425,000£0026 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£0021 Dec 202310 Jun 2024172 Days
8 Withers Road, Codsall, Wolverhampton, Staffordshire, WV8 1JF£299,950£285,000-£14,95021 Sep 202331 May 2024253 Days
35 Pendeford Mill Lane, Codsall, Wolverhampton, Staffordshire, WV8 1JG£260,000£250,000-£10,00023 Jan 202431 May 2024129 Days
3 Mill Stream Close, Codsall, Wolverhampton, Staffordshire, WV8 1DU£645,000£635,000-£10,00010 Aug 202320 May 2024284 Days
107 Wesley Road, Codsall, Wolverhampton, Staffordshire, WV8 1JY£250,000£250,000£0017 Jan 202410 May 2024114 Days
21 Station Road, Codsall, Wolverhampton, Staffordshire, WV8 1BY£230,000£218,000-£12,00015 Mar 202409 May 202455 Days
8 Bardwell Close, Wolverhampton, West Midlands, WV8 1YB£89,500£75,000-£14,50024 Feb 202415 Apr 202451 Days
9 Ashley Gardens, Codsall, Wolverhampton, Staffordshire, WV8 1AX£265,000£250,000-£15,00001 Aug 202303 Apr 2024246 Days
7 Magnolia Grove, Codsall, Wolverhampton, Staffordshire, WV8 1HG£295,000£295,000£0024 Aug 202325 Mar 2024214 Days
91 Oaken Park, Codsall, Wolverhampton, Staffordshire, WV8 2BW£399,950£370,000-£29,95011 Dec 202315 Mar 202495 Days
23 Crompton Court, Codsall, Wolverhampton, Staffordshire, WV8 1GE£172,500£165,000-£7,50010 Jul 202305 Mar 2024239 Days
47 Joeys Lane, Codsall, Wolverhampton, Staffordshire, WV8 1JL£150,000£145,000-£5,00016 Oct 202323 Feb 2024130 Days
20 Manor House Park, Codsall, Wolverhampton, Staffordshire, WV8 1ES£275,000£265,000-£10,00029 Aug 202321 Feb 2024176 Days
31 Dam Mill Close, Codsall, Wolverhampton, Staffordshire, WV8 1TZ£180,000£180,000£0014 Feb 202321 Feb 2024372 Days
39 Fairfield Drive, Codsall, Wolverhampton, Staffordshire, WV8 2AE£450,000£320,000-£130,00027 Sep 202320 Feb 2024146 Days
16 Bromley Gardens, Codsall, Wolverhampton, Staffordshire, WV8 1BE£359,950£355,000-£4,95011 Sep 202316 Feb 2024158 Days

Most Expensive Streets in WV8 (Wolverhampton)

PostcodeStreetAreaAverageNo. of Sales
WV8 2EYHistons Hill, CodsallWolverhampton£760,0003
WV8 1EHChurch Road, CodsallWolverhampton£651,7504
WV8 1QZWhite Ladies Farm Barns, Shackerley LaneWolverhampton£567,7508
WV8 2ENLansdowne Avenue, CodsallWolverhampton£554,2147
WV8 2BLSuckling Green Lane, CodsallWolverhampton£528,0007
WV8 2BGOaken Covert, CodsallWolverhampton£497,1663
WV8 2BTSuckling Green Lane, CodsallWolverhampton£496,1005
WV8 1GFOld Farm Drive, CodsallWolverhampton£495,8086
WV8 2AEFairfield Drive, CodsallWolverhampton£470,5007
WV8 2AWOaken Lanes, CodsallWolverhampton£453,3333

Least Expensive Streets in WV8 (Wolverhampton)

PostcodeStreetAreaAverageNo. of Sales
WV8 1BTBilbrook Court, Bilbrook RoadWolverhampton£106,4217
WV8 1NWCherry Tree Lane, CodsallWolverhampton£111,6663
WV8 1UNBarnwood RoadWolverhampton£112,3333
WV8 1UAThe DrovewayWolverhampton£133,5003
WV8 1HXBrookfield Road, CodsallWolverhampton£133,7504
WV8 1XRDuffield Close, PendefordWolverhampton£140,3333
WV8 1UESmallwood Road, PendefordWolverhampton£140,7504
WV8 1XBBarnhurst LaneWolverhampton£145,8005
WV8 1LHBrook Grove, CodsallWolverhampton£146,6663
WV8 1UZGranary RoadWolverhampton£148,2504

Explore WV8 (Wolverhampton) using map

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