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House Prices in WV9 House Prices in WV9 (Wolverhampton)

The average house price in WV9 (Wolverhampton) is £377,000 using HM Land Registry data.

The average property price increased by £55,551 (26.35%) over the last 5 years and increased by £11,130 (3.97%) over the last 12 months.

Over the last year, there were 63 residential property sales – a decrease of 20 transactions (-31.75%) relative to the previous year. The majority of house sales (21) were in the £172,000 - £224,000 range. Then came properties in the £224,000 - £276,000 range, where 11 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 141 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,753 (-2%).

In Oct 24, there were 22 new estate agency instructions, 11 agreed home sales and 10 property price reductions.

Nearby Postcodes: DY10, DY11, ST17, ST18, ST19, ST20, TF11, TF3, WS11, WS12, WS6, WV1, WV10, WV11, WV15, WV3, WV4, WV5, WV6, WV7, WV8, WV98, WV99

5-Year Average Property Prices in WV9 (Wolverhampton)

26.35%

Property prices in Wolverhampton increased by 26.35% 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 WV9 (Wolverhampton) Over the Last Year

3.97%

Property prices in Wolverhampton increased by 3.97% 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 WV9 (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 WV9 (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 WV9 (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 WV9 (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 WV9 (Wolverhampton) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WV9 postcode area since 1995.

Recent Sales in WV9 (Wolverhampton)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
34 Leybourne Crescent, Wolverhampton, West Midlands, WV9 5QL£260,000£255,000-£5,00024 Apr 202401 Aug 202499 Days
3 Orchard Close, Coven, Wolverhampton, Staffordshire, WV9 5AS£377,000£377,000£0027 Feb 202429 Jul 2024153 Days
10 Heron Close, Coven, Wolverhampton, Staffordshire, WV9 5JE£190,000£170,000-£20,00013 Feb 202410 May 202487 Days
5 Haywain Close, Wolverhampton, West Midlands, WV9 5QQ£190,000£190,000£0019 Sep 202319 Apr 2024213 Days
21 Churchfield Close, Coven, Wolverhampton, Staffordshire, WV9 5DG£349,950£340,000-£9,95025 Sep 202311 Apr 2024199 Days
18 Waterside Way, Wolverhampton, West Midlands, WV9 5LL£415,000£400,000-£15,00025 Sep 202309 Apr 2024197 Days
50 Brewood Road, Coven, Wolverhampton, Staffordshire, WV9 5DA£350,000£345,000-£5,00014 Sep 202322 Mar 2024190 Days
17 Turnpike Way, Coven, Wolverhampton, Staffordshire, WV9 5HY£450,000£438,000-£12,00007 Dec 202322 Mar 2024106 Days
19 Earlswood Crescent, Pendeford, Wolverhampton, West Midlands, WV9 5RL£310,000£304,500-£5,50003 Oct 202301 Mar 2024150 Days
20 Clewley Drive, Wolverhampton, West Midlands, WV9 5LB£315,000£313,500-£1,50005 Oct 202301 Mar 2024148 Days
14 Gregorys Green, Coven, Wolverhampton, Staffordshire, WV9 5BP£425,000£415,000-£10,00003 Jul 202301 Mar 2024242 Days
9 Riverside Way, Coven, Wolverhampton, Staffordshire, WV9 5JF£165,000£161,000-£4,00030 Nov 202329 Feb 202491 Days
16 Tyning Close, Wolverhampton, West Midlands, WV9 5QH£190,000£190,000£0020 Apr 202323 Feb 2024309 Days
74 Leybourne Crescent, Wolverhampton, West Midlands, WV9 5QG£185,000£185,000£0012 Oct 202323 Feb 2024134 Days
Heythrop, Light Ash Lane, Coven, Wolverhampton, Staffordshire, WV9 5AE£399,950£370,000-£29,95030 Nov 202316 Feb 202478 Days
51 School Lane, Coven, Wolverhampton, Staffordshire, WV9 5AD£250,000£245,000-£5,00019 Oct 202302 Feb 2024106 Days
29 Clematis Drive, Pendeford, Wolverhampton, West Midlands, WV9 5SD£350,000£350,000£0011 Sep 202329 Jan 2024140 Days
27 Light Ash Close, Coven, Wolverhampton, Staffordshire, WV9 5AH£210,000£205,000-£5,00025 Jul 202318 Dec 2023146 Days
57 Weyhill Close, Wolverhampton, West Midlands, WV9 5RA£150,000£150,000£0004 Jul 202315 Dec 2023164 Days
68 Clewley Drive, Wolverhampton, West Midlands, WV9 5LA£310,000£310,000£0011 Aug 202311 Dec 2023122 Days

Most Expensive Streets in WV9 (Wolverhampton)

PostcodeStreetAreaAverageNo. of Sales
WV9 5BALawn Lane, CovenWolverhampton£513,3333
WV9 5HXCoven Mill Close, CovenWolverhampton£455,0005
WV9 5HYTurnpike Way, CovenWolverhampton£421,9874
WV9 5AFLight Ash Cul De Sac, CovenWolverhampton£380,0003
WV9 5ANSchool Lane, CovenWolverhampton£365,7504
WV9 5DZBirchcroft, CovenWolverhampton£331,0005
WV9 5FECampion Close, CovenWolverhampton£320,7374
WV9 5RLEarlswood Crescent, PendefordWolverhampton£315,6254
WV9 5FBCornflower Meadow, CovenWolverhampton£309,90125
WV9 5EJMoors Drive, CovenWolverhampton£302,0006

Least Expensive Streets in WV9 (Wolverhampton)

PostcodeStreetAreaAverageNo. of Sales
WV9 5PBChaldon CloseWolverhampton£83,6663
WV9 5RAWeyhill CloseWolverhampton£90,18111
WV9 5NBRyhope WalkWolverhampton£103,0004
WV9 5LRTalaton CloseWolverhampton£123,6254
WV9 5NFPenshaw CloseWolverhampton£133,7504
WV9 5NUEmsworth CrescentWolverhampton£160,0003
WV9 5QYMarholm CloseWolverhampton£160,2504
WV9 5QZNewcott CloseWolverhampton£161,9905
WV9 5QUTiffany LaneWolverhampton£164,6666
WV9 5SBLavender Close, PendefordWolverhampton£166,2506

Explore WV9 (Wolverhampton) using map

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