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House Prices in WV3 House Prices in WV3 (Wolverhampton)

The average house price in WV3 (Wolverhampton) is £332,110 using HM Land Registry data.

The average property price increased by £44,156 (21.33%) over the last 5 years and increased by £8,847 (3.32%) over the last 12 months.

Over the last year, there were 213 residential property sales – a decrease of 68 transactions (-31.92%) relative to the previous year. The majority of house sales (58) were in the £154,000 - £208,000 range. Then came properties in the £208,000 - £262,000 range, where 41 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 80 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,208 (-3%).

In Oct 24, there were 29 new estate agency instructions, 41 agreed home sales and 25 property price reductions.

Nearby Postcodes: DY1, DY12, DY14, DY3, DY4, DY7, ST19, SY7, SY8, TF11, TF12, TF13, TF8, WS10, WS11, WS2, WS3, WS6, WV1, WV10, WV11, WV12, WV13, WV14, WV15, WV16, WV2, WV4, WV5, WV6, WV7, WV8, WV9

5-Year Average Property Prices in WV3 (Wolverhampton)

21.33%

Property prices in Wolverhampton increased by 21.33% 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 WV3 (Wolverhampton) Over the Last Year

3.32%

Property prices in Wolverhampton increased by 3.32% 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 WV3 (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 WV3 (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 WV3 (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 WV3 (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 WV3 (Wolverhampton) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WV3 postcode area since 1995.

Recent Sales in WV3 (Wolverhampton)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
48 Willow Road, Wolverhampton, West Midlands, WV3 8AF£380,000£370,000-£10,00001 Mar 202421 Aug 2024173 Days
Helford House, Westland Avenue, Wolverhampton, West Midlands, WV3 9NX£450,000£450,000£0017 May 202409 Aug 202484 Days
28 Castlecroft Road, Castlecroft, Wolverhampton, West Midlands, WV3 8BT£245,000£225,000-£20,00002 May 202402 Aug 202492 Days
39 Meadow Road, Finchfield, Wolverhampton, West Midlands, WV3 8EZ£599,950£575,000-£24,95004 Apr 202429 Jul 2024116 Days
102 Linden Lea, Finchfield, Wolverhampton, West Midlands, WV3 8BE£375,000£365,000-£10,00022 Apr 202422 Jul 202491 Days
17 York Avenue, Finchfield, Wolverhampton, West Midlands, WV3 9BZ£420,000£350,000-£70,00005 Sep 202201 Jul 2024665 Days
10 Ashfield Road, Compton, Wolverhampton, West Midlands, WV3 9DP£299,950£297,000-£2,95016 Apr 202428 Jun 202473 Days
38 Windsor Gardens, Castlecroft, Wolverhampton, West Midlands, WV3 8LY£450,000£435,000-£15,00027 Sep 202314 Jun 2024261 Days
63 Pool Hall Road, Wolverhampton, West Midlands, WV3 8JR£249,950£245,000-£4,95020 Sep 202314 Jun 2024268 Days
53 St Phillips Avenue, Penn Fields, Wolverhampton, West Midlands, WV3 7ED£320,000£315,000-£5,00013 Sep 202310 Jun 2024271 Days
3 Brandon Park, Wolverhampton, West Midlands, WV3 7JS£280,000£276,000-£4,00006 Mar 202431 May 202486 Days
14 Alpine Way, Wolverhampton, West Midlands, WV3 9ED£274,950£267,000-£7,95011 Jan 202431 May 2024141 Days
26 Rayleigh Road, Wolverhampton, West Midlands, WV3 0AP£200,000£190,000-£10,00001 Nov 202324 May 2024205 Days
87 Rayleigh Road, Wolverhampton, West Midlands, WV3 0AX£169,500£165,000-£4,50023 Jan 202413 May 2024111 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
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
71 Cranmore Road, Wolverhampton, West Midlands, WV3 9NN£165,000£165,000£0004 Oct 202326 Apr 2024205 Days
10 Fern Leys, Wolverhampton, West Midlands, WV3 9EJ£325,000£315,500-£9,50026 Jun 202326 Apr 2024305 Days

Most Expensive Streets in WV3 (Wolverhampton)

PostcodeStreetAreaAverageNo. of Sales
WV3 9DYWaterdale, ComptonWolverhampton£567,0004
WV3 8JTRadford LaneWolverhampton£550,5004
WV3 9BXYork Avenue, FinchfieldWolverhampton£515,0004
WV3 8EZMeadow Road, FinchfieldWolverhampton£474,2005
WV3 8LNCastlecroft Gardens, FinchfieldWolverhampton£462,9995
WV3 8LGLamorna CloseWolverhampton£455,0003
WV3 9DLCompton Hill DriveWolverhampton£430,0003
WV3 7LUCoalway Road, PennWolverhampton£425,3333
WV3 9JHRichmond RoadWolverhampton£412,5003
WV3 9DQFinchfield HillWolverhampton£411,2504

Least Expensive Streets in WV3 (Wolverhampton)

PostcodeStreetAreaAverageNo. of Sales
WV3 0RRLennox GardensWolverhampton£72,4166
WV3 9RNBarclay Court, Compton RoadWolverhampton£79,5004
WV3 0AZBruford RoadWolverhampton£80,5004
WV3 0EYLime StreetWolverhampton£84,9004
WV3 9BLStar StreetWolverhampton£86,3577
WV3 9BELimehurst AvenueWolverhampton£87,5004
WV3 9SHLawton Court, Oaks CrescentWolverhampton£89,9905
WV3 0NLMarket SquareWolverhampton£92,1427
WV3 9LDMerridale Court, Merridale RoadWolverhampton£95,0333
WV3 0RPMerridale Street WestWolverhampton£98,68015

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