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Wednesbury House Prices Wednesbury House Prices

The average house price in Wednesbury is £190,833 using HM Land Registry data.

The average property price increased by £72,421 (51.21%) over the last 5 years and increased by £14,478 (7.26%) over the last 12 months.

Over the last year, there were 133 residential property sales – a decrease of 53 transactions (-39.85%) relative to the previous year. The majority of house sales (27) were in the £152,000 - £184,000 range. Then came properties in the £184,000 - £216,000 range, where 23 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 49 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,361 (-3%).

In Oct 24, there were 24 new estate agency instructions, 28 agreed home sales and 28 property price reductions.

Neighbouring Areas: Walsall, Darlaston, Bilston, Tipton, West Bromwich

Postcodes Covered: WS10

5-Year Average Property Prices in Wednesbury

51.21%

Property prices in Wednesbury increased by 51.21% 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 Wednesbury Over the Last Year

7.26%

Property prices in Wednesbury increased by 7.26% 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 Wednesbury - 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 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 Wednesbury

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 Wednesbury

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 Wednesbury

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 Wednesbury since 1995

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

Recent Property Sales in Wednesbury

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
14 Park Hill, Wednesbury, West Midlands, WS10 0PL£210,000£210,000£0026 Apr 202423 Aug 2024119 Days
48 Meryhurst Road, Wednesbury, West Midlands, WS10 9BX£250,000£245,000-£5,00006 Mar 202416 Aug 2024163 Days
154 Kent Road, Wednesbury, West Midlands, WS10 0SN£210,000£175,000-£35,00004 Oct 202306 Aug 2024307 Days
12 Collins Road, Wednesbury, West Midlands, WS10 0RX£260,000£250,000-£10,00005 Feb 202426 Jul 2024172 Days
7 Red House Avenue, Wednesbury, West Midlands, WS10 0QL£200,000£185,000-£15,00014 Feb 202414 Jun 2024121 Days
22 Oaktree Road, Wednesbury, West Midlands, WS10 0PP£215,000£185,000-£30,00007 Nov 202312 Jun 2024218 Days
4 Wedgbury Close, Wednesbury, West Midlands, WS10 0DA£130,000£130,000£0018 Jul 202311 Jun 2024329 Days
69 Chestnut Road, Wednesbury, West Midlands, WS10 0BJ£270,000£265,000-£5,00023 Feb 202421 May 202488 Days
8 Scott Avenue, Wednesbury, West Midlands, WS10 0DL£245,000£238,500-£6,50013 Jul 202313 May 2024305 Days
12 Oldbury Street, Wednesbury, West Midlands, WS10 0QJ£200,000£200,000£0013 Nov 202313 May 2024182 Days
58 Devon Road, Wednesbury, West Midlands, WS10 0RT£235,000£215,000-£20,00019 Jan 202401 May 2024103 Days
27 Crew Road, Wednesbury, West Midlands, WS10 9QG£240,000£230,000-£10,00012 Jan 202430 Apr 2024109 Days
17 Poplar Road, Wednesbury, West Midlands, WS10 9PY£275,000£265,000-£10,00029 Jan 202426 Apr 202488 Days
135 Coronation Road, Wednesbury, West Midlands, WS10 0TW£245,000£245,000£0006 Feb 202425 Apr 202479 Days
25 Carnegie Drive, Wednesbury, West Midlands, WS10 9HT£300,000£300,000£0007 Nov 202312 Apr 2024157 Days
97a, St Lukes Road, Wednesbury, West Midlands, WS10 0PT£270,000£267,500-£2,50025 Oct 202310 Apr 2024168 Days
20 Laburnum Road, Wednesbury, West Midlands, WS10 0PR£250,000£242,500-£7,50026 Dec 202308 Apr 2024104 Days
10 Pemberton Crescent, Wednesbury, West Midlands, WS10 0UE£260,000£255,000-£5,00009 Dec 202328 Mar 2024110 Days
4 Parkdale Avenue, Wednesbury, West Midlands, WS10 9BG£250,000£250,000£0025 Oct 202322 Mar 2024149 Days
59 Park Hill, Wednesbury, West Midlands, WS10 0RH£260,000£255,000-£5,00008 Sep 202315 Mar 2024189 Days

Most Expensive Streets in Wednesbury

PostcodeStreetAreaAverageNo. of Sales
WS10 9AXWood Green RoadWednesbury£372,5004
WS10 9UAWoodman CloseWednesbury£338,7504
WS10 0DERiver WalkWednesbury£337,6663
WS10 9RDWoden Road EastWednesbury£295,5004
WS10 0BSWoden Road SouthWednesbury£285,4605
WS10 9EQHollies DriveWednesbury£271,95010
WS10 9RBWoden Road EastWednesbury£253,3333
WS10 9BBJockey LaneWednesbury£253,1905
WS10 9QJSparrow CloseWednesbury£250,5005
WS10 9QPRooth StreetWednesbury£244,6005

Least Expensive Streets in Wednesbury

PostcodeStreetAreaAverageNo. of Sales
WS10 0BBBurrs DriveWednesbury£87,7779
WS10 7DQHolyhead RoadWednesbury£99,54511
WS10 0QFBrooksideWednesbury£114,0628
WS10 9HJPound RoadWednesbury£116,3889
WS10 0SDKent RoadWednesbury£117,1254
WS10 0DAWedgbury CloseWednesbury£122,14214
WS10 9PFWhitley StreetWednesbury£124,0003
WS10 7PQKing StreetWednesbury£131,6663
WS10 9DXChurchfields RoadWednesbury£131,7504
WS10 9LNGoldby DriveWednesbury£133,8005

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