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House Prices in WV9

The average house price in WV9 (Wolverhampton) is £320,000 using HM Land Registry data.

The average property price increased by £68,224 (26.35%) over the last 5 years and increased by £13,639 (3.97%) over the last 12 months.

Over the last year, there were 68 residential property sales – a decrease of 12 transactions (-17.65%) relative to the previous year. The majority of house sales (23) were in the £182,000 - £224,000 range. Then came properties in the £224,000 - £266,000 range, where 13 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 79 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,753 (-2%).

In June 2024, there were 9 new estate agency instructions, 7 agreed home sales and 5 property price reductions.

5-Year Average Property Prices in WV9 (Wolverhampton)

26.35%

Property prices in Wolverhampton increased by 26.35% 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 WV9 (Wolverhampton) Over the Last Year

3.97%

Property prices in Wolverhampton increased by 3.97% 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 WV9 (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 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 WV9 (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 WV9 (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 WV9 (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 WV9 (Wolverhampton) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WV9 postcode area since 1995.

Recent Sales in WV9 (Wolverhampton)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
10 Heron Close, Coven, Wolverhampton, Staffordshire, WV9 5JE	£190,000	£170,000	-£20,000	13 Feb 2024	10 May 2024	87 Days
5 Haywain Close, Wolverhampton, West Midlands, WV9 5QQ	£190,000	£190,000	£00	19 Sep 2023	19 Apr 2024	213 Days
19 Earlswood Crescent, Pendeford, Wolverhampton, West Midlands, WV9 5RL	£310,000	£304,500	-£5,500	03 Oct 2023	01 Mar 2024	150 Days
20 Clewley Drive, Wolverhampton, West Midlands, WV9 5LB	£315,000	£313,500	-£1,500	05 Oct 2023	01 Mar 2024	148 Days
Heythrop, Light Ash Lane, Coven, Wolverhampton, Staffordshire, WV9 5AE	£399,950	£370,000	-£29,950	30 Nov 2023	16 Feb 2024	78 Days
51 School Lane, Coven, Wolverhampton, Staffordshire, WV9 5AD	£250,000	£245,000	-£5,000	19 Oct 2023	02 Feb 2024	106 Days
29 Clematis Drive, Pendeford, Wolverhampton, West Midlands, WV9 5SD	£350,000	£350,000	£00	11 Sep 2023	29 Jan 2024	140 Days
57 Weyhill Close, Wolverhampton, West Midlands, WV9 5RA	£150,000	£150,000	£00	04 Jul 2023	15 Dec 2023	164 Days
68 Clewley Drive, Wolverhampton, West Midlands, WV9 5LA	£310,000	£310,000	£00	11 Aug 2023	11 Dec 2023	122 Days
Claire Haven, Light Ash Cul De Sac, Coven, Wolverhampton, Staffordshire, WV9 5AF	£400,000	£400,000	£00	07 Jul 2023	08 Dec 2023	154 Days
49 Leybourne Crescent, Wolverhampton, West Midlands, WV9 5QG	£200,000	£190,000	-£10,000	09 Jun 2023	01 Dec 2023	175 Days
5a, Ashwells Grove, Wolverhampton, West Midlands, WV9 5PT	£290,000	£289,000	-£1,000	24 Jul 2023	28 Nov 2023	127 Days
28 Halesworth Road, Wolverhampton, West Midlands, WV9 5PJ	£225,000	£222,000	-£3,000	31 Aug 2023	02 Nov 2023	63 Days
55 Tyning Close, Wolverhampton, West Midlands, WV9 5QH	£230,000	£217,500	-£12,500	28 Mar 2023	10 Oct 2023	196 Days
6 Exbury Close, Wolverhampton, West Midlands, WV9 5QE	£190,000	£190,000	£00	26 Apr 2023	06 Oct 2023	163 Days
62 Clewley Drive, Wolverhampton, West Midlands, WV9 5LA	£249,950	£249,950	£00	25 Jun 2023	06 Oct 2023	103 Days
1 Clewley Drive, Wolverhampton, West Midlands, WV9 5LB	£297,000	£295,000	-£2,000	15 May 2023	19 Sep 2023	127 Days
31 Clewley Drive, Wolverhampton, West Midlands, WV9 5LB	£225,000	£220,000	-£5,000	23 May 2023	11 Sep 2023	111 Days
9 Kerridge Close, Wolverhampton, West Midlands, WV9 5LU	£265,000	£264,000	-£1,000	16 Feb 2023	08 Sep 2023	204 Days
57 Clewley Drive, Wolverhampton, West Midlands, WV9 5LB	£265,000	£260,000	-£5,000	29 Mar 2023	30 Aug 2023	154 Days

Most Expensive Streets in WV9 (Wolverhampton)

Postcode	Street	Area	Average	No. of Sales
WV9 5BA	Lawn Lane, Coven	Wolverhampton	£513,333	3
WV9 5HX	Coven Mill Close, Coven	Wolverhampton	£455,000	5
WV9 5HY	Turnpike Way, Coven	Wolverhampton	£416,650	3
WV9 5AF	Light Ash Cul De Sac, Coven	Wolverhampton	£380,000	3
WV9 5AN	School Lane, Coven	Wolverhampton	£365,750	4
WV9 5FE	Campion Close, Coven	Wolverhampton	£320,737	4
WV9 5DZ	Birchcroft, Coven	Wolverhampton	£320,416	6
WV9 5FB	Cornflower Meadow, Coven	Wolverhampton	£314,064	24
WV9 5EJ	Moors Drive, Coven	Wolverhampton	£312,428	7
WV9 5RL	Earlswood Crescent, Pendeford	Wolverhampton	£308,900	5

Least Expensive Streets in WV9 (Wolverhampton)

Postcode	Street	Area	Average	No. of Sales
WV9 5PB	Chaldon Close	Wolverhampton	£80,750	4
WV9 5RA	Weyhill Close	Wolverhampton	£90,181	11
WV9 5NB	Ryhope Walk	Wolverhampton	£115,666	3
WV9 5LR	Talaton Close	Wolverhampton	£123,625	4
WV9 5NF	Penshaw Close	Wolverhampton	£133,750	4
WV9 5DA	Croft House, Brewood Road	Wolverhampton	£137,700	4
WV9 5QY	Marholm Close	Wolverhampton	£143,625	4
WV9 5QU	Tiffany Lane	Wolverhampton	£157,571	7
WV9 5NU	Emsworth Crescent	Wolverhampton	£160,000	3
WV9 5QG	Leybourne Crescent	Wolverhampton	£161,687	8