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Wolverhampton House Prices Wolverhampton House Prices

The average house price in Wolverhampton is £237,398 using HM Land Registry data.

The average property price increased by £66,239 (38.45%) over the last 5 years and increased by £13,242 (5.88%) over the last 12 months.

Over the last year, there were 1,754 residential property sales – a decrease of 536 transactions (-30.56%) relative to the previous year. The majority of house sales (451) were in the £150,000 - £200,000 range. Then came properties in the £200,000 - £250,000 range, where 398 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 75 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,449 (-2%).

In Oct 24, there were 256 new estate agency instructions, 288 agreed home sales and 191 property price reductions.

Neighbouring Areas: Perton, Willenhall, Bilston, Coseley, Sedgley

Postcodes Covered: WV1, WV10, WV11, WV12, WV13, WV14, WV2, WV3, WV4, WV5, WV6, WV8, WV9

5-Year Average Property Prices in Wolverhampton

38.45%

Property prices in Wolverhampton increased by 38.45% 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 Wolverhampton Over the Last Year

5.88%

Property prices in Wolverhampton increased by 5.88% 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 Wolverhampton - 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 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 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 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 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 Wolverhampton since 1995

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

Recent Property Sales in Wolverhampton

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
13 Springhill Lane, Wolverhampton, West Midlands, WV4 4SJ£370,000£360,000-£10,00014 Jul 202322 May 2024313 Days
87 Rayleigh Road, Wolverhampton, West Midlands, WV3 0AX£169,500£165,000-£4,50023 Jan 202413 May 2024111 Days
7 Bushbury Lane, Wolverhampton, West Midlands, WV10 9TN£160,000£150,000-£10,00002 Jan 202410 May 2024129 Days
36 Lingfield Avenue, Wolverhampton, West Midlands, WV10 6PD£280,000£270,000-£10,00015 Nov 202309 May 2024176 Days
62 Rayleigh Road, Wolverhampton, West Midlands, WV3 0AP£165,000£160,000-£5,00031 Jan 202408 May 202498 Days
1 Cedar Grove, Penn Fields, Wolverhampton, West Midlands, WV3 7EB£319,950£310,000-£9,95018 Jan 202403 May 2024106 Days
88 Kitchen Lane, Wednesfield, Wolverhampton, West Midlands, WV11 2JA£109,950£107,000-£2,95008 Jan 202430 Apr 2024113 Days
110 Westacre Crescent, Finchfield, Wolverhampton, West Midlands, WV3 9AY£195,000£186,000-£9,00009 Sep 202326 Apr 2024230 Days
1 Havelock Close, Wolverhampton, West Midlands, WV3 7HS£300,000£300,000£0022 Feb 202326 Apr 2024429 Days
12 Caister Drive, Willenhall, West Midlands, WV13 3HY£150,000£142,500-£7,50011 Nov 202326 Apr 2024167 Days
139 Pond Lane, Wolverhampton, West Midlands, WV2 1HH£189,950£185,000-£4,95019 Jan 202424 Apr 202496 Days
85 Skidmore Avenue, Wolverhampton, West Midlands, WV3 7AL£195,000£190,000-£5,00026 Dec 202223 Apr 2024484 Days
701 Cannock Road, Wolverhampton, West Midlands, WV10 8PN£239,950£225,000-£14,95004 Aug 202319 Apr 2024259 Days
5 Haywain Close, Wolverhampton, West Midlands, WV9 5QQ£190,000£190,000£0019 Sep 202319 Apr 2024213 Days
16 Walford Avenue, Wolverhampton, West Midlands, WV3 7AZ£200,000£200,000£0013 Oct 202319 Apr 2024189 Days
85 Links Road, Wolverhampton, West Midlands, WV4 5RF£275,000£275,000£0012 Dec 202318 Apr 2024128 Days
8 Bardwell Close, Wolverhampton, West Midlands, WV8 1YB£89,500£75,000-£14,50024 Feb 202415 Apr 202451 Days
6 Wheaton Close, Wolverhampton, West Midlands, WV10 6DJ£235,000£233,000-£2,00013 Sep 202312 Apr 2024212 Days
160 Prestwood Road, Wolverhampton, West Midlands, WV11 1RG£115,000£110,000-£5,00005 Jan 202412 Apr 202498 Days
205 Deans Road, Eastfield, Wolverhampton, West Midlands, WV1 2BB£220,000£220,000£0014 Jan 202412 Apr 202489 Days

Most Expensive Streets in Wolverhampton

PostcodeStreetAreaAverageNo. of Sales
WV6 8DNPerton RoadWolverhampton£858,3333
WV4 4TWSpringhill LaneWolverhampton£853,3333
WV6 8TDWergs RoadTettenhall£811,2374
WV4 4TTShowell LaneWolverhampton£745,8005
WV6 8EDElmsdaleWolverhampton£714,1663
WV6 8SJWrottesley RoadTettenhall£698,3333
WV6 8UQYew Tree LaneTettenhall£641,0003
WV4 4TZShowell LaneWolverhampton£640,0003
WV6 8TUWoodthorne RoadTettenhall£628,2504
WV6 8SPRedhouse RoadWolverhampton£612,5624

Least Expensive Streets in Wolverhampton

PostcodeStreetAreaAverageNo. of Sales
WV11 1XDSt. Cecilia'sOkement Drive£48,80713
WV4 4BTGrosvenor ParkWolverhampton£50,49916
WV1 4SSMalcolm CourtLower Vauxhall£51,0836
WV11 1XESt. Cecilia'sOkement Drive£51,79915
WV11 3FEVictor Meade DriveWolverhampton£51,9253
WV11 3FDReginald Smith CrescentWolverhampton£53,82711
WV4 6EEParkfield RoadWolverhampton£54,1258
WV11 3FBRonald Odonnell GardensWolverhampton£61,6765
WV3 7EGWorcester CourtChequer Street, Penn Fields£64,1663
WV4 6RDDovedale CourtDovedale Road£64,4389

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