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House Prices in WV8

The average house price in WV8 (Wolverhampton) is £202,687 using HM Land Registry data.

The average property price increased by £43,332 (40.21%) over the last 5 years and increased by £8,662 (5.54%) over the last 12 months.

Over the last year, there were 133 residential property sales – a decrease of 104 transactions (-78.20%) relative to the previous year. The majority of house sales (34) were in the £216,000 - £282,000 range. Then came properties in the £150,000 - £216,000 range, where 29 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 111 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,727 (-3%).

In June 2024, there were 31 new estate agency instructions, 26 agreed home sales and 14 property price reductions.

5-Year Average Property Prices in WV8 (Wolverhampton)

40.21%

Property prices in Wolverhampton increased by 40.21% 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 WV8 (Wolverhampton) Over the Last Year

5.54%

Property prices in Wolverhampton increased by 5.54% 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.

Property Market Heat Gauge for WV8 (Wolverhampton) - June 2024

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 WV8 (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 WV8 (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 WV8 (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 WV8 (Wolverhampton) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WV8 postcode area since 1995.

Recent Sales in WV8 (Wolverhampton)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
107 Wesley Road, Codsall, Wolverhampton, Staffordshire, WV8 1JY	£250,000	£250,000	£00	17 Jan 2024	10 May 2024	114 Days
21 Station Road, Codsall, Wolverhampton, Staffordshire, WV8 1BY	£230,000	£218,000	-£12,000	15 Mar 2024	09 May 2024	55 Days
8 Bardwell Close, Wolverhampton, West Midlands, WV8 1YB	£89,500	£75,000	-£14,500	24 Feb 2024	15 Apr 2024	51 Days
9 Ashley Gardens, Codsall, Wolverhampton, Staffordshire, WV8 1AX	£265,000	£250,000	-£15,000	01 Aug 2023	03 Apr 2024	246 Days
23 Crompton Court, Codsall, Wolverhampton, Staffordshire, WV8 1GE	£172,500	£165,000	-£7,500	10 Jul 2023	05 Mar 2024	239 Days
14 Cosgrove Walk, Wolverhampton, West Midlands, WV8 1YD	£185,000	£180,000	-£5,000	08 Aug 2023	02 Feb 2024	178 Days
15 Meadow Vale, Codsall, Wolverhampton, Staffordshire, WV8 2LB	£440,000	£425,000	-£15,000	12 Jun 2023	01 Dec 2023	172 Days
31 Church Road, Codsall, Wolverhampton, Staffordshire, WV8 1EA	£625,000	£612,500	-£12,500	24 Nov 2022	28 Nov 2023	369 Days
10 Barnhurst Lane, Wolverhampton, West Midlands, WV8 1XB	£170,000	£165,000	-£5,000	09 Jun 2023	17 Nov 2023	161 Days
6 Roseville Gardens, Codsall, Wolverhampton, Staffordshire, WV8 1AZ	£249,995	£245,000	-£4,995	15 Jun 2023	10 Nov 2023	148 Days
30 Dam Mill Close, Codsall, Wolverhampton, Staffordshire, WV8 1TZ	£165,000	£164,000	-£1,000	17 Aug 2023	10 Nov 2023	85 Days
24 Dam Mill Close, Codsall, Wolverhampton, Staffordshire, WV8 1TZ	£170,000	£160,000	-£10,000	12 Oct 2023	30 Oct 2023	18 Days
6 Cranley Drive, Codsall, Wolverhampton, Staffordshire, WV8 1AS	£295,000	£281,000	-£14,000	14 Apr 2023	27 Oct 2023	196 Days
52 Cherry Tree Lane, Codsall, Wolverhampton, Staffordshire, WV8 1NW	£130,000	£105,000	-£25,000	24 Jan 2023	27 Oct 2023	276 Days
20 Dam Mill Close, Codsall, Wolverhampton, Staffordshire, WV8 1TZ	£175,000	£170,000	-£5,000	11 Jul 2023	26 Oct 2023	107 Days
18 Long Acre, Codsall, Wolverhampton, Staffordshire, WV8 2EG	£425,000	£412,500	-£12,500	06 Apr 2023	20 Oct 2023	197 Days
39 Ravenhill Drive, Codsall, Wolverhampton, Staffordshire, WV8 1BL	£309,950	£308,000	-£1,950	03 Feb 2023	09 Oct 2023	248 Days
16 Cornfield, Wolverhampton, West Midlands, WV8 1TJ	£200,000	£199,000	-£1,000	07 Mar 2023	04 Oct 2023	211 Days
137 Birches Road, Codsall, Wolverhampton, Staffordshire, WV8 2JW	£229,950	£223,500	-£6,450	01 Feb 2023	03 Oct 2023	244 Days
54 Eastney Crescent, Wolverhampton, West Midlands, WV8 1YQ	£185,000	£185,000	£00	14 Jul 2023	03 Oct 2023	81 Days

Most Expensive Streets in WV8 (Wolverhampton)

Postcode	Street	Area	Average	No. of Sales
WV8 2EY	Histons Hill, Codsall	Wolverhampton	£760,000	3
WV8 1EH	Church Road, Codsall	Wolverhampton	£651,750	4
WV8 1QS	Whitehouse Lane, Codsall Wood	Wolverhampton	£575,000	3
WV8 1QZ	White Ladies Farm Barns, Shackerley Lane	Wolverhampton	£567,750	8
WV8 2EN	Lansdowne Avenue, Codsall	Wolverhampton	£533,500	7
WV8 2BL	Suckling Green Lane, Codsall	Wolverhampton	£514,187	8
WV8 2BT	Suckling Green Lane, Codsall	Wolverhampton	£496,100	5
WV8 1GF	Old Farm Drive, Codsall	Wolverhampton	£495,808	6
WV8 2AE	Fairfield Drive, Codsall	Wolverhampton	£495,583	6
WV8 2AW	Oaken Lanes, Codsall	Wolverhampton	£453,333	3

Least Expensive Streets in WV8 (Wolverhampton)

Postcode	Street	Area	Average	No. of Sales
WV8 1BT	Bilbrook Court, Bilbrook Road	Wolverhampton	£106,421	7
WV8 1NW	Cherry Tree Lane, Codsall	Wolverhampton	£111,666	3
WV8 1UN	Barnwood Road	Wolverhampton	£112,333	3
WV8 1UA	The Droveway	Wolverhampton	£133,500	3
WV8 1HX	Brookfield Road, Codsall	Wolverhampton	£133,750	4
WV8 1UE	Smallwood Road, Pendeford	Wolverhampton	£134,333	3
WV8 1TD	Torfield	Wolverhampton	£135,750	4
WV8 1XR	Duffield Close, Pendeford	Wolverhampton	£140,333	3
WV8 1XB	Barnhurst Lane	Wolverhampton	£145,800	5
WV8 1LH	Brook Grove, Codsall	Wolverhampton	£146,666	3