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House Prices in WV11 House Prices in WV11 (Wolverhampton)

The average house price in WV11 (Wolverhampton) is £207,833 using HM Land Registry data.

The average property price increased by £62,983 (39.6%) over the last 5 years and increased by £12,620 (5.47%) over the last 12 months.

Over the last year, there were 260 residential property sales – a decrease of 88 transactions (-33.85%) relative to the previous year. The majority of house sales (71) were in the £194,000 - £236,000 range. Then came properties in the £152,000 - £194,000 range, where 55 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 82 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,494 (-2%).

In Oct 24, there were 48 new estate agency instructions, 40 agreed home sales and 23 property price reductions.

Nearby Postcodes: ST19, WS10, WS11, WS2, WS3, WS4, WS6, WS8, WV1, WV10, WV12, WV13, WV14, WV6, WV9

5-Year Average Property Prices in WV11 (Wolverhampton)

39.6%

Property prices in Wolverhampton increased by 39.6% 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 WV11 (Wolverhampton) Over the Last Year

5.47%

Property prices in Wolverhampton increased by 5.47% 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 WV11 (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 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 WV11 (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 WV11 (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 WV11 (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 WV11 (Wolverhampton) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WV11 postcode area since 1995.

Recent Sales in WV11 (Wolverhampton)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
7 Wolverhampton Road, Essington, Wolverhampton, Staffordshire, WV11 2DB£250,000£241,000-£9,00002 Oct 202303 May 2024214 Days
88 Kitchen Lane, Wednesfield, Wolverhampton, West Midlands, WV11 2JA£109,950£107,000-£2,95008 Jan 202430 Apr 2024113 Days
1 St Johns Road, Essington, Wolverhampton, Staffordshire, WV11 2BY£210,000£170,000-£40,00003 Mar 202418 Apr 202446 Days
160 Prestwood Road, Wolverhampton, West Midlands, WV11 1RG£115,000£110,000-£5,00005 Jan 202412 Apr 202498 Days
9 Thistle Croft, Wednesfield, Wolverhampton, West Midlands, WV11 3XD£345,500£327,500-£18,00024 Jul 202302 Apr 2024253 Days
5 Oak Grove, Wolverhampton, West Midlands, WV11 1DJ£219,995£212,000-£7,99510 Oct 202322 Mar 2024164 Days
53 Ashmore Avenue, Wolverhampton, West Midlands, WV11 2NB£195,000£193,000-£2,00013 Sep 202321 Mar 2024190 Days
28 Lawfred Avenue, Wolverhampton, West Midlands, WV11 3QR£250,000£245,000-£5,00025 Aug 202315 Mar 2024203 Days
28 Eversley Grove, Wednesfield, Wolverhampton, West Midlands, WV11 1NE£210,000£200,000-£10,00002 Nov 202312 Mar 2024131 Days
71 Lawrence Avenue, Wednesfield, Wolverhampton, West Midlands, WV11 3PF£215,000£212,000-£3,00006 Dec 202307 Mar 202492 Days
Flat 96, St. Cecilia's, Okement Drive, Wednesfield, Wolverhampton, West Midlands, WV11 1XE£65,000£55,000-£10,00018 Feb 202329 Feb 2024376 Days
373 Wood End Road, Wednesfield, Wolverhampton, West Midlands, WV11 1YG£120,000£117,000-£3,00030 Aug 202326 Feb 2024180 Days
28 Hylstone Crescent, Wednesfield, Wolverhampton, West Midlands, WV11 3EZ£150,000£150,000£0006 Nov 202323 Feb 2024109 Days
110 Ashmore Avenue, Wolverhampton, West Midlands, WV11 2NE£105,000£97,000-£8,00023 Jan 202319 Feb 2024392 Days
3 Worthy Down, Wednesfield, Wolverhampton, West Midlands, WV11 3LY£325,000£325,000£0025 May 202316 Feb 2024267 Days
7 Chestnut Grove, Wednesfield, Wolverhampton, West Midlands, WV11 1LS£125,000£117,500-£7,50005 Oct 202313 Feb 2024131 Days
129 Sneyd Lane, Essington, Wolverhampton, West Midlands, WV11 2DX£450,000£422,000-£28,00002 Mar 202309 Feb 2024344 Days
1 Fitzmaurice Road, Wolverhampton, West Midlands, WV11 3EG£210,000£205,000-£5,00004 Oct 202306 Feb 2024125 Days
110 Prestwood Road West, Wolverhampton, West Midlands, WV11 1HL£260,000£250,000-£10,00015 Sep 202302 Feb 2024140 Days
5 Pickering Road, Wednesfield, Wolverhampton, West Midlands, WV11 3RA£190,000£189,000-£1,00015 Sep 202331 Jan 2024138 Days

Most Expensive Streets in WV11 (Wolverhampton)

PostcodeStreetAreaAverageNo. of Sales
WV11 2AALong Lane, EssingtonWolverhampton£508,7504
WV11 2SZAppleby Gardens, EssingtonWolverhampton£505,0003
WV11 2SBThirlmere Drive, EssingtonWolverhampton£424,4984
WV11 2SGElder Avenue, EssingtonWolverhampton£422,59520
WV11 1LEAmos Lane, WednesfieldWolverhampton£410,8333
WV11 2SAButtermere Drive, EssingtonWolverhampton£395,0003
WV11 2AZManor Farm Barns, Bognop RoadWolverhampton£375,7005
WV11 3SUFibbersleyWolverhampton£373,3333
WV11 3RYBroad Lane SouthWolverhampton£372,6669
WV11 1JHLong Knowle Lane, WednesfieldWolverhampton£369,0357

Least Expensive Streets in WV11 (Wolverhampton)

PostcodeStreetAreaAverageNo. of Sales
WV11 1XDSt. Cecilia's, Okement DriveWolverhampton£48,80713
WV11 1XESt. Cecilia's, Okement DriveWolverhampton£51,79915
WV11 3FEVictor Meade DriveWolverhampton£51,9253
WV11 3FDReginald Smith CrescentWolverhampton£53,82711
WV11 3FBRonald Odonnell GardensWolverhampton£61,6765
WV11 1EABealeys Court, Bealeys AvenueWolverhampton£65,6663
WV11 2GAPark Close, EssingtonWolverhampton£80,0003
WV11 3EXHylstone Crescent, WednesfieldWolverhampton£91,5003
WV11 3PSNeachells LaneWolverhampton£95,6663
WV11 1NHAmos Lane, WednesfieldWolverhampton£98,3333

Explore WV11 (Wolverhampton) using map

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