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Redditch House Prices Redditch House Prices

The average house price in Redditch is £265,891 using HM Land Registry data.

The average property price increased by £40,885 (17.88%) over the last 5 years and increased by £8,173 (3.13%) over the last 12 months.

Over the last year, there were 870 residential property sales – a decrease of 190 transactions (-21.84%) relative to the previous year. The majority of house sales (190) were in the £192,000 - £244,000 range. Then came properties in the £244,000 - £296,000 range, where 187 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 85 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,450 (-2%).

In Oct 24, there were 105 new estate agency instructions, 130 agreed home sales and 57 property price reductions.

Neighbouring Areas: Studley

Postcodes Covered: B80, B96, B97, B98

5-Year Average Property Prices in Redditch

17.88%

Property prices in Redditch increased by 17.88% 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 Redditch Over the Last Year

3.13%

Property prices in Redditch increased by 3.13% 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 Redditch - 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 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 Redditch

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 Redditch

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 Redditch

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 Redditch since 1995

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

Recent Property Sales in Redditch

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
36 Stonehouse Close, Redditch, Worcestershire, B97 4LF£185,000£185,000£0027 Mar 202420 Aug 2024146 Days
14 Hartlebury Close, Redditch, Worcestershire, B98 9LY£399,995£398,000-£1,99517 Apr 202420 Aug 2024125 Days
32 Sandhurst Close, Church Hill, Redditch, Worcestershire, B98 9JY£167,000£162,000-£5,00019 Dec 202319 Aug 2024244 Days
192 Walkwood Road, Redditch, Worcestershire, B97 5NX£259,950£235,000-£24,95021 Feb 202415 Aug 2024176 Days
72 Patch Lane, Oakenshaw, Redditch, Worcestershire, B98 7XG£170,000£165,000-£5,00007 May 202413 Aug 202498 Days
40 Sedgley Close, Redditch, Worcestershire, B98 8JR£175,000£175,000£0001 May 202409 Aug 2024100 Days
33 Longfellow Close, Redditch, Worcestershire, B97 5HW£285,000£265,000-£20,00002 Jan 202408 Aug 2024219 Days
2 Lightoak Close, Redditch, Worcestershire, B97 5NQ£220,000£220,000£0020 Mar 202407 Aug 2024140 Days
78 Terrys Close, Abbeydale, Redditch, Worcestershire, B98 8EU£240,000£240,000£0005 Jan 202405 Aug 2024213 Days
375 Evesham Road, Redditch, Worcestershire, B97 5JA£200,000£198,800-£1,20019 Apr 202402 Aug 2024105 Days
43 Kempsey Close, Redditch, Worcestershire, B98 7TL£159,995£158,000-£1,99519 Mar 202402 Aug 2024136 Days
24 Milford Close, Redditch, Worcestershire, B97 5PZ£400,000£375,000-£25,00001 Feb 202401 Aug 2024182 Days
313b, Evesham Road, Redditch, Worcestershire, B97 5HL£120,000£112,500-£7,50004 Jan 202430 Jul 2024208 Days
27 Ferney Hill Avenue, Redditch, Worcestershire, B97 4RU£250,000£248,000-£2,00026 Oct 202329 Jul 2024277 Days
6 Dunstall Close, Redditch, Worcestershire, B97 5UY£485,000£485,000£0023 Apr 202425 Jul 202493 Days
178 Walkwood Road, Redditch, Worcestershire, B97 5NS£317,000£307,000-£10,00023 Apr 202419 Jul 202487 Days
544 Evesham Road, Redditch, Worcestershire, B97 5JN£260,000£260,000£0029 Feb 202419 Jul 2024141 Days
5 Vaynor Drive, Redditch, Worcestershire, B97 5DL£325,000£325,000£0016 Mar 202418 Jul 2024124 Days
8 Neville Close, Redditch, Worcestershire, B98 8JB£135,000£128,000-£7,00023 Nov 202317 Jul 2024237 Days
83 Bushley Close, Redditch, Worcestershire, B98 7TX£180,000£180,000£0001 Feb 202412 Jul 2024162 Days

Most Expensive Streets in Redditch

PostcodeStreetAreaAverageNo. of Sales
B80 7DPCommon LaneMappleborough Green£798,3333
B80 7DNLapwing CourtMappleborough Green£698,0003
B97 5PNCrumpfields LaneRedditch£576,9449
B97 5QPFeckenham RoadHunt End£559,5004
B97 5XBFenwick CloseRedditch£514,0003
B97 5QGFeckenham RoadHunt End£513,3333
B97 5XSChesterton CloseRedditch£506,8758
B97 5XYClaverdon CloseHunt End£486,5003
B98 8RWMarshfield CloseRedditch£468,3333
B97 5TEBlackstitch LaneRedditch£464,8005

Least Expensive Streets in Redditch

PostcodeStreetAreaAverageNo. of Sales
B98 8BLOak HouseHerbert Street, Redditch£77,0003
B97 4AWUnicorn HouseUnicorn Hill£82,5836
B97 4JEMount PleasantRedditch£89,8333
B97 4JWSouthcrest GardensRedditch£90,0004
B98 9JRHawksbury CloseRedditch£100,1666
B97 4JNSouthcrest GardensRedditch£101,68419
B98 9NSWoodgate CloseRedditch£108,2504
B98 0LAFownhope CloseRedditch£108,5004
B98 7BJDinglesideGlover Street, Redditch£110,3336
B97 5GLGlendale TerraceRedditch£111,6254

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