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Worcester House Prices Worcester House Prices

The average house price in Worcester is £262,870 using HM Land Registry data.

The average property price increased by £46,821 (19.54%) over the last 5 years and increased by £9,381 (3.39%) over the last 12 months.

Over the last year, there were 1,108 residential property sales – a decrease of 321 transactions (-28.97%) relative to the previous year. The majority of house sales (280) were in the £202,000 - £254,000 range. Then came properties in the £254,000 - £306,000 range, where 237 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 107 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,198 (-2%).

In Dec 24, there were 129 new estate agency instructions, 103 agreed home sales and 61 property price reductions.

Neighbouring Areas: Fernhill Heath

Postcodes Covered: WR1, WR2, WR3, WR4, WR5, WR7

5-Year Average Property Prices in Worcester

19.54%

Property prices in Worcester increased by 19.54% 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 Worcester Over the Last Year

3.39%

Property prices in Worcester increased by 3.39% 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 Worcester - Dec 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 Worcester

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 Worcester

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 Worcester

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 Worcester since 1995

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

Recent Property Sales in Worcester

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
10 Batsford Road, Worcester, Worcestershire, WR5 3RW£350,000£320,000-£30,00018 Jun 202422 Nov 2024157 Days
2 Neason Close, Worcester, Worcestershire, WR4 0PX£250,000£250,000£0029 Aug 202420 Nov 202483 Days
14 Ferndale Close, Worcester, Worcestershire, WR3 7QU£350,000£350,000£0003 Jun 202419 Nov 2024169 Days
13 Comer Gardens, Worcester, Worcestershire, WR2 6JA£270,000£270,000£0030 Jul 202419 Nov 2024112 Days
18 Wood Leason Avenue, Lyppard Hanford, Worcester, Worcestershire, WR4 0EU£480,000£455,000-£25,00009 May 202412 Nov 2024187 Days
1 Portsmouth Close, Worcester, Worcestershire, WR5 1RX£200,000£198,000-£2,00006 Jul 202411 Nov 2024128 Days
31 Liverpool Road, Worcester, Worcestershire, WR5 1QW£275,000£275,000£0014 Jun 202411 Nov 2024150 Days
144 Windermere Drive, Worcester, Worcestershire, WR4 9JE£215,000£193,250-£21,75001 Mar 202408 Nov 2024252 Days
64 London Road, Worcester, Worcestershire, WR5 2DY£725,000£690,000-£35,00024 May 202308 Nov 2024534 Days
26 Farm Close, Worcester, Worcestershire, WR3 8HJ£270,000£260,000-£10,00006 Jun 202408 Nov 2024155 Days
20 Low Fold Close, Worcester, Worcestershire, WR2 5UE£300,000£295,000-£5,00020 Jun 202408 Nov 2024141 Days
8 Beaver Close, Lower Wick, Worcester, Worcestershire, WR2 4EG£280,000£265,000-£15,00021 Mar 202408 Nov 2024232 Days
14 Perrywood Close, Worcester, Worcestershire, WR5 1EJ£285,000£285,000£0003 May 202407 Nov 2024188 Days
15 Laslett Street, Worcester, Worcestershire, WR3 8JS£235,000£225,000-£10,00016 Jul 202407 Nov 2024114 Days
Flat 11, Gheluvelt Court, Brook Street, Worcester, Worcestershire, WR1 1JB£80,000£75,000-£5,00010 Jul 202406 Nov 2024119 Days
11 Walmer Crescent, Worcester, Worcestershire, WR4 0ES£425,000£420,000-£5,00030 May 202405 Nov 2024159 Days
49 St Marks Close, Worcester, Worcestershire, WR5 3DJ£270,000£260,000-£10,00030 May 202405 Nov 2024159 Days
40 Deer Avenue, Worcester, Worcestershire, WR5 3TS£360,000£360,000£0002 Apr 202401 Nov 2024213 Days
58 Riverview Close, Worcester, Worcestershire, WR2 6DA£250,000£245,000-£5,00017 Jun 202401 Nov 2024137 Days
11 Rainthorpe Avenue, Worcester, Worcestershire, WR5 3QT£295,000£295,000£0013 Jun 202431 Oct 2024140 Days

Most Expensive Streets in Worcester

PostcodeStreetAreaAverageNo. of Sales
WR1 1HXSt Georges SquareWorcester£859,0005
WR3 7EFNorthwick CloseWorcester£767,4005
WR5 2BPBattenhall RoadWorcester£746,6663
WR1 3JSBarbourne TerraceWorcester£743,2504
WR1 3DUAlbany TerraceWorcester£690,6663
WR1 3DGBritannia SquareWorcester£670,0004
WR2 4NNMalvern RoadWorcester£663,3333
WR3 8PZBeech AvenueWorcester£645,0003
WR3 7APRedcliffe StreetWorcester£639,3754
WR2 4PJHill View RoadWorcester£634,8754

Least Expensive Streets in Worcester

PostcodeStreetAreaAverageNo. of Sales
WR1 1RGHomenash HouseSt Georges Lane North£74,61717
WR1 3NJBridge StreetWorcester£77,6427
WR1 1JBBrook StreetWorcester£90,86333
WR1 1EEForegate StreetWorcester£92,5833
WR5 1NFHamble CloseWorcester£92,7508
WR4 9FHBridgewater HouseBlackpole Road£93,8754
WR5 2EDLondon RoadWorcester£94,1005
WR4 9LWRandwick DriveWorcester£94,3333
WR1 1HTBarbourne RoadWorcester£94,3333
WR4 9XRNorthleach CloseWorcester£94,8927

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