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House Prices in B62

The average house price in B62 (Halesowen) is £306,730 using HM Land Registry data.

The average property price increased by £73,413 (33.63%) over the last 5 years and increased by £14,676 (4.83%) over the last 12 months.

Over the last year, there were 226 residential property sales – a decrease of 96 transactions (-42.48%) relative to the previous year. The majority of house sales (63) were in the £198,000 - £256,000 range. Then came properties in the £256,000 - £314,000 range, where 49 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 58 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,323 (-2%).

In June 2024, there were 52 new estate agency instructions, 22 agreed home sales and 22 property price reductions.

5-Year Average Property Prices in B62 (Halesowen)

33.63%

Property prices in Halesowen increased by 33.63% 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 B62 (Halesowen) Over the Last Year

4.83%

Property prices in Halesowen increased by 4.83% 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 B62 (Halesowen) - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 B62 (Halesowen)

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 B62 (Halesowen)

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 B62 (Halesowen)

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 B62 (Halesowen) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the B62 postcode area since 1995.

Recent Sales in B62 (Halesowen)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
52 Bourne Avenue, Halesowen, West Midlands, B62 0DS	£265,000	£240,000	-£25,000	18 Sep 2023	29 Apr 2024	224 Days
16 Narrow Lane, Halesowen, West Midlands, B62 9NG	£280,000	£277,850	-£2,150	08 Nov 2023	26 Apr 2024	170 Days
56 Lodgefield Road, Halesowen, West Midlands, B62 8AT	£140,000	£135,750	-£4,250	13 Dec 2023	19 Apr 2024	128 Days
6 Merrivale Road, Halesowen, West Midlands, B62 9RW	£240,000	£232,000	-£8,000	12 Jul 2023	12 Apr 2024	275 Days
6 Clyde Avenue, Halesowen, West Midlands, B62 9PW	£300,000	£288,000	-£12,000	08 Jun 2023	09 Apr 2024	306 Days
17 Welbeck Close, Halesowen, West Midlands, B62 8PX	£650,000	£633,000	-£17,000	05 Oct 2023	05 Apr 2024	183 Days
9 Chatsworth Road, Halesowen, West Midlands, B62 8TA	£260,000	£257,000	-£3,000	14 Dec 2023	25 Mar 2024	102 Days
Flat 29, Pegasus Court, Spies Lane, Halesowen, West Midlands, B62 0BL	£155,000	£149,000	-£6,000	12 Apr 2023	21 Mar 2024	344 Days
15 Sandals Rise, Halesowen, West Midlands, B62 8SQ	£150,000	£140,000	-£10,000	10 Oct 2023	18 Mar 2024	160 Days
11 Vicarage Road, Halesowen, West Midlands, B62 8HX	£179,500	£179,500	£00	14 Dec 2023	15 Mar 2024	92 Days
164 Coombs Road, Halesowen, West Midlands, B62 8AF	£160,000	£160,000	£00	14 Dec 2023	15 Mar 2024	92 Days
31 Gleads Croft, Halesowen, West Midlands, B62 0QA	£290,000	£275,000	-£15,000	01 Feb 2024	13 Mar 2024	41 Days
59 Woodbury Road, Halesowen, West Midlands, B62 9RH	£210,000	£210,000	£00	16 Nov 2023	07 Mar 2024	112 Days
27 Springfield Drive, Halesowen, West Midlands, B62 8EU	£325,000	£325,000	£00	09 Oct 2023	01 Mar 2024	144 Days
20 New England, Halesowen, West Midlands, B62 9EG	£127,500	£120,000	-£7,500	25 Jun 2018	01 Mar 2024	2076 Days
6 Pinewoods, Halesowen, West Midlands, B62 9AL	£210,000	£200,000	-£10,000	08 Sep 2023	29 Feb 2024	174 Days
59 Vicarage Road, Halesowen, West Midlands, B62 8HU	£150,000	£150,000	£00	27 Jul 2023	26 Feb 2024	214 Days
123 Summerfields Avenue, Halesowen, West Midlands, B62 9NS	£265,000	£260,000	-£5,000	10 May 2023	22 Feb 2024	288 Days
35 Middlefield Avenue, Halesowen, West Midlands, B62 9QJ	£250,000	£240,000	-£10,000	08 Aug 2023	16 Feb 2024	192 Days
71 Hamilton Avenue, Halesowen, West Midlands, B62 8UB	£110,000	£110,000	£00	10 Jul 2023	16 Feb 2024	221 Days

Most Expensive Streets in B62 (Halesowen)

Postcode	Street	Area	Average	No. of Sales
B62 0NF	St Kenelms Road, Romsley	Halesowen	£1,250,000	3
B62 0JN	Bromsgrove Road, Hunnington	Halesowen	£577,599	5
B62 0JU	Bromsgrove Road, Hunnington	Halesowen	£562,500	5
B62 8PX	Welbeck Close	Halesowen	£532,666	3
B62 0AA	Manor Abbey Road	Halesowen	£516,666	3
B62 0HB	Green Lane, Chapmans Hill	Halesowen	£481,650	3
B62 8RA	Cloister Drive	Halesowen	£476,666	3
B62 0PD	Winston Drive, Romsley	Halesowen	£455,000	3
B62 0LE	Bromsgrove Road, Romsley	Halesowen	£444,250	6
B62 0AN	Raddens Road	Halesowen	£432,820	5

Least Expensive Streets in B62 (Halesowen)

Postcode	Street	Area	Average	No. of Sales
B62 9DJ	Long Lane	Halesowen	£78,333	3
B62 9EQ	New England	Halesowen	£89,190	5
B62 8SQ	Sandals Rise	Halesowen	£110,785	7
B62 9QH	Middlefield Gardens	Halesowen	£115,900	5
B62 9BQ	Manor Court, Binswood Road	Halesowen	£117,500	7
B62 9BG	Regent Court, Binswood Road	Halesowen	£121,437	4
B62 9PL	Witton Bank	Halesowen	£122,666	3
B62 8NQ	Hillwood Road	Halesowen	£129,460	5
B62 8LU	Hope Street	Halesowen	£130,900	5
B62 9NA	Larkspur Court, Narrow Lane	Halesowen	£131,290	5