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Bromsgrove House Prices Bromsgrove House Prices

The average house price in Bromsgrove is £234,607 using HM Land Registry data.

The average property price increased by £47,740 (17.88%) over the last 5 years and increased by £9,541 (3.13%) over the last 12 months.

Over the last year, there were 368 residential property sales – a decrease of 154 transactions (-41.85%) relative to the previous year. The majority of house sales (108) were in the £216,000 - £282,000 range. Then came properties in the £282,000 - £348,000 range, where 56 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 76 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,489 (-1%).

In April 2024, there were 82 new estate agency instructions, 49 agreed home sales and 36 property price reductions.

Neighbouring Areas: Catshill

Postcodes Covered: B60, B61

5-Year Average Property Prices in Bromsgrove

17.88%

Property prices in Bromsgrove increased by 17.88% 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 Bromsgrove Over the Last Year

3.13%

Property prices in Bromsgrove increased by 3.13% 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 Bromsgrove - April 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 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 Bromsgrove

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 Bromsgrove

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 Bromsgrove

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 Bromsgrove since 1995

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

Recent Property Sales in Bromsgrove

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
25 Walton Road, Bromsgrove, Worcestershire, B61 0EA£350,000£340,000-£10,00031 Aug 202308 Mar 2024190 Days
13 Echells Close, Bromsgrove, Worcestershire, B61 7EB£425,000£413,000-£12,00026 Dec 202308 Mar 202473 Days
19 Parkstone Avenue, Bromsgrove, Worcestershire, B61 7NS£475,000£450,000-£25,00001 Jun 202301 Mar 2024274 Days
Flat 54, Nailers Court, Ednall Lane, Bromsgrove, Worcestershire, B60 2DA£95,000£90,000-£5,00018 May 202301 Mar 2024288 Days
12 Heydon Road, Finstall, Bromsgrove, Worcestershire, B60 3DA£475,000£467,500-£7,50008 Dec 202323 Feb 202477 Days
43 Avon Close, Bromsgrove, Worcestershire, B60 3PE£240,000£232,000-£8,00030 Nov 202316 Feb 202478 Days
51 York Road, Sidemoor, Bromsgrove, Worcestershire, B61 8RY£350,000£350,000£0003 Oct 202215 Feb 2024500 Days
16 Elm Grove, Norton, Bromsgrove, Worcestershire, B61 0EH£265,000£260,000-£5,00027 Jul 202302 Feb 2024190 Days
106 Lyttleton Avenue, Bromsgrove, Worcestershire, B60 3LB£235,000£235,000£0006 Sep 202302 Feb 2024149 Days
22 Cobham Close, Bromsgrove, Worcestershire, B60 3LA£225,000£220,000-£5,00001 Sep 202331 Jan 2024152 Days
4 Westbourne Close, Bromsgrove, Worcestershire, B61 7AX£210,000£208,000-£2,00026 Oct 202329 Jan 202495 Days
28 Fox Lane, Bromsgrove, Worcestershire, B61 7NL£550,000£542,500-£7,50005 Nov 202326 Jan 202482 Days
3 Perryfields Crescent, Bromsgrove, Worcestershire, B61 8SS£250,000£250,000£0026 Sep 202326 Jan 2024122 Days
15 Lynden Close, Bromsgrove, Worcestershire, B61 8PD£350,000£342,000-£8,00008 Sep 202326 Jan 2024140 Days
50 Manor Court Road, Bromsgrove, Worcestershire, B60 3NP£425,000£405,000-£20,00007 Aug 202326 Jan 2024172 Days
9 Firenze Road, Bromsgrove, Worcestershire, B60 2SQ£300,000£300,000£0027 Oct 202326 Jan 202491 Days
1 Medici Road, Bromsgrove, Worcestershire, B60 2RL£515,000£515,000£0030 Jun 202326 Jan 2024210 Days
48 Highfield Road, Bromsgrove, Worcestershire, B61 7BD£235,000£230,000-£5,00021 Sep 202323 Jan 2024124 Days
31 Malvern Road, Bromsgrove, Worcestershire, B61 7HE£550,000£533,000-£17,00021 Apr 202312 Jan 2024266 Days
34 Royal Worcester Crescent, Bromsgrove, Worcestershire, B60 2TA£425,000£422,500-£2,50004 Aug 202310 Jan 2024159 Days

Most Expensive Streets in Bromsgrove

PostcodeStreetAreaAverageNo. of Sales
B60 2NFCollege RoadBromsgrove£657,5004
B60 3SNPlatform RoadBromsgrove£647,58312
B60 2RPCeleste RoadBromsgrove£613,3333
B60 2AXWellington RoadBromsgrove£592,7508
B61 7NRSt Andrews WayBromsgrove£573,3333
B60 3AUSugarbrook LaneStoke Pound£525,8526
B60 2LJNew RoadBromsgrove£524,6663
B60 2TQSamsara RoadBromsgrove£521,0559
B61 0UWAspens WayBromsgrove£518,95010
B60 2RUMountserrat RoadBromsgrove£512,5003

Least Expensive Streets in Bromsgrove

PostcodeStreetAreaAverageNo. of Sales
B60 1AQBurcot HouseBurcot Lane£83,0003
B61 8ABThe StrandBromsgrove£83,81913
B60 2DANailers CourtEdnall Lane£99,07626
B60 2JDNew RoadBromsgrove£99,6005
B60 1EQMaple CourtAlcester Road£102,6663
B60 2DBElgar MewsEdnall Lane£104,6059
B60 1AZHousman ParkBromsgrove£105,87826
B61 7AEWorcester RoadBromsgrove£106,8754
B61 8BAOldfield RoadBromsgrove£110,0003
B61 7DQSanders RoadBromsgrove£116,03110

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