You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in B47

House Prices in B47

The average house price in B47 (Birmingham) is £0 using HM Land Registry data.

The average property price increased by £94,610 (10.91%) over the last 5 years and increased by £18,914 (1.83%) over the last 12 months.

Over the last year, there were 95 residential property sales – a decrease of 41 transactions (-43.16%) relative to the previous year. The majority of house sales (35) were in the £310,000 - £370,000 range. Then came properties in the £370,000 - £430,000 range, where 13 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 76 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,326 (-3%).

In June 2024, there were 17 new estate agency instructions, 24 agreed home sales and 7 property price reductions.

5-Year Average Property Prices in B47 (Birmingham)

10.91%

Property prices in Birmingham increased by 10.91% 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 B47 (Birmingham) Over the Last Year

1.83%

Property prices in Birmingham increased by 1.83% 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 B47 (Birmingham) - 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 B47 (Birmingham)

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 B47 (Birmingham)

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 B47 (Birmingham)

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 B47 (Birmingham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the B47 postcode area since 1995.

Recent Sales in B47 (Birmingham)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
33 Shawhurst Lane, Hollywood, Birmingham, Worcestershire, B47 5HL	£340,000	£337,000	-£3,000	06 Sep 2023	04 Apr 2024	211 Days
429 Alcester Road, Wythall, Birmingham, Worcestershire, B47 6JL	£650,000	£635,000	-£15,000	22 Jul 2023	01 Mar 2024	223 Days
28 Woodleaves, Hollywood, Birmingham, Worcestershire, B47 5BW	£330,000	£330,000	£00	06 Oct 2023	25 Jan 2024	111 Days
24 Heath Road, Hollywood, Birmingham, Worcestershire, B47 5LR	£470,000	£463,000	-£7,000	08 Jun 2023	20 Dec 2023	195 Days
5 Corbett Road, Hollywood, Birmingham, Worcestershire, B47 5LL	£485,000	£475,000	-£10,000	21 Mar 2023	20 Dec 2023	274 Days
6 Chesterwood, Hollywood, Birmingham, Worcestershire, B47 5EN	£300,000	£275,000	-£25,000	25 May 2023	19 Dec 2023	208 Days
26 Three Oaks Road, Wythall, Birmingham, Worcestershire, B47 6HQ	£375,000	£360,000	-£15,000	29 Nov 2022	18 Dec 2023	384 Days
12 Windrush Road, Hollywood, Birmingham, Worcestershire, B47 5QA	£350,000	£350,000	£00	19 Jun 2023	07 Dec 2023	171 Days
1 Easton Grove, Hollywood, Birmingham, Worcestershire, B47 5LN	£300,000	£293,000	-£7,000	26 Jan 2023	17 Nov 2023	295 Days
208 Station Road, Wythall, Birmingham, Worcestershire, B47 6ES	£300,000	£296,500	-£3,500	26 Apr 2023	15 Nov 2023	203 Days
62 Gorsey Lane, Wythall, Birmingham, Worcestershire, B47 6ED	£525,000	£508,750	-£16,250	05 Jul 2023	07 Nov 2023	125 Days
5 Rowan Close, Hollywood, Birmingham, Worcestershire, B47 5RW	£450,000	£450,000	£00	30 Aug 2023	03 Nov 2023	65 Days
34 Dyas Road, Hollywood, Birmingham, Worcestershire, B47 5LJ	£385,000	£378,135	-£6,865	27 Apr 2023	23 Oct 2023	179 Days
37 Three Oaks Road, Wythall, Birmingham, Worcestershire, B47 6HG	£525,000	£519,500	-£5,500	25 Apr 2023	31 Aug 2023	128 Days
30 Falstaff Avenue, Hollywood, Birmingham, Worcestershire, B47 5EP	£359,950	£355,000	-£4,950	21 Apr 2023	31 Aug 2023	132 Days
106 Station Road, Wythall, Birmingham, Worcestershire, B47 6AB	£600,000	£575,000	-£25,000	27 Aug 2022	29 Aug 2023	367 Days
3 Forest Way, Hollywood, Birmingham, Worcestershire, B47 5JS	£250,000	£246,500	-£3,500	27 Apr 2023	25 Aug 2023	120 Days
17 Chesterwood, Hollywood, Birmingham, Worcestershire, B47 5EN	£425,000	£415,000	-£10,000	22 Mar 2023	16 Aug 2023	147 Days
4 Cherry Walk, Hollywood, Birmingham, Worcestershire, B47 5RL	£500,000	£460,000	-£40,000	07 Aug 2023	07 Aug 2023	0 Days
3 Hollywood Gardens, Hollywood, Birmingham, Worcestershire, B47 5NN	£550,000	£550,000	£00	22 Mar 2023	24 Jul 2023	124 Days

Most Expensive Streets in B47 (Birmingham)

Postcode	Street	Area	Average	No. of Sales
B47 5QS	Beech Road, Hollywood	Birmingham	£675,666	3
B47 6AG	Station Road, Wythall	Birmingham	£655,000	5
B47 5QT	Hawthorn Drive, Hollywood	Birmingham	£645,000	4
B47 5QX	Sycamore Drive, Hollywood	Birmingham	£595,363	11
B47 6LX	Houndsfield Lane, Wythall	Birmingham	£574,362	4
B47 5RH	Oak Tree Lane, Hollywood	Birmingham	£574,166	3
B47 6LH	Wilmore Lane, Wythall	Birmingham	£555,625	4
B47 6BU	Barkers Lane, Wythall	Birmingham	£547,458	6
B47 5DG	Packhorse Lane, Hollywood	Birmingham	£540,950	5
B47 6JP	Chapel Drive, Wythall	Birmingham	£525,000	3

Least Expensive Streets in B47 (Birmingham)

Postcode	Street	Area	Average	No. of Sales
B47 6AY	Bunny Court, Wythall	Birmingham	£139,500	4
B47 6AH	Butterworth Close, Wythall	Birmingham	£154,962	4
B47 6HD	Lea Green Drive, Wythall	Birmingham	£172,125	4
B47 6LN	Silvermead Court, Silver Street, Wythall	Birmingham	£176,954	12
B47 6HJ	Fulford Close, Wythall	Birmingham	£210,666	6
B47 5HJ	Alcester Road, Hollywood	Birmingham	£217,785	7
B47 5JS	Forest Way, Hollywood	Birmingham	£223,300	5
B47 5HN	Simms Lane, Hollywood	Birmingham	£237,500	4
B47 5NT	May Lane, Hollywood	Birmingham	£239,987	4
B47 5JB	Simms Lane, Hollywood	Birmingham	£239,990	5