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Coventry House Prices Coventry House Prices

The average house price in Coventry is £221,270 using HM Land Registry data.

The average property price increased by £54,788 (27.64%) over the last 5 years and increased by £10,950 (4.52%) over the last 12 months.

Over the last year, there were 2,507 residential property sales – a decrease of 1,575 transactions (-62.82%) relative to the previous year. The majority of house sales (651) were in the £176,000 - £222,000 range. Then came properties in the £222,000 - £268,000 range, where 528 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 62 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,297 (-1%).

In April 2024, there were 569 new estate agency instructions, 344 agreed home sales and 261 property price reductions.

Neighbouring Areas: Bedworth

Postcodes Covered: CV1, CV2, CV3, CV4, CV5, CV6, CV7, CV8

5-Year Average Property Prices in Coventry

27.64%

Property prices in Coventry increased by 27.64% 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 Coventry Over the Last Year

4.52%

Property prices in Coventry increased by 4.52% 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 Coventry - 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 Coventry

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 Coventry

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 Coventry

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 Coventry since 1995

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

Recent Property Sales in Coventry

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
27 Finnemore Close, Coventry, West Midlands, CV3 6LR£485,000£485,000£0014 Jun 202322 Mar 2024282 Days
15 Calmere Close, Coventry, West Midlands, CV2 2PA£235,000£215,000-£20,00003 Oct 202318 Mar 2024167 Days
16 Bewick Croft, Coventry, West Midlands, CV2 4QR£62,500£61,000-£1,50001 Sep 202315 Mar 2024196 Days
58 Arden Street, Coventry, West Midlands, CV5 6FD£230,000£228,000-£2,00006 Nov 202313 Mar 2024128 Days
34 Alderminster Road, Coventry, West Midlands, CV5 7JQ£279,000£275,000-£4,00006 Jul 202311 Mar 2024249 Days
31 Fow Oak, Coventry, West Midlands, CV4 9XS£240,000£238,000-£2,00013 Sep 202311 Mar 2024180 Days
5 The Arboretum, Coventry, West Midlands, CV4 7HX£875,000£801,000-£74,00020 Jun 202311 Mar 2024265 Days
4 Carver Close, Coventry, West Midlands, CV2 5NJ£170,000£166,500-£3,50018 Sep 202308 Mar 2024172 Days
33 Hurn Way, Coventry, West Midlands, CV6 6LF£55,000£50,000-£5,00011 May 202308 Mar 2024302 Days
81 Erithway Road, Coventry, West Midlands, CV3 6JS£230,000£220,000-£10,00027 Dec 202308 Mar 202472 Days
115 Kenilworth Court, Coventry, West Midlands, CV3 6JD£210,000£205,000-£5,00023 Oct 202308 Mar 2024137 Days
19 Emerson Road, Coventry, West Midlands, CV2 5HU£195,000£194,000-£1,00008 Nov 202305 Mar 2024118 Days
18 Sturminster Close, Coventry, West Midlands, CV2 2JX£375,000£375,000£0021 Mar 202301 Mar 2024346 Days
17 Bablake Close, Coventry, West Midlands, CV6 2ED£205,000£205,000£0011 Sep 202301 Mar 2024172 Days
6 Cole Court, Coventry, West Midlands, CV6 1PY£275,000£270,000-£5,00008 Dec 202329 Feb 202483 Days
136 Avon Street, Coventry, West Midlands, CV2 3GN£170,000£170,000£0011 Sep 202327 Feb 2024169 Days
5 Mill Race Lane, Coventry, West Midlands, CV6 7BA£230,000£230,000£0014 Nov 202327 Feb 2024105 Days
41 Foxton Road, Binley, Coventry, West Midlands, CV3 2HN£280,000£277,500-£2,50028 Apr 202327 Feb 2024305 Days
9 Duckham Court, Coventry, West Midlands, CV6 1PZ£139,950£136,000-£3,95017 Oct 202323 Feb 2024129 Days
26 Kingsmead Mews, Coventry, West Midlands, CV3 3NA£165,000£165,000£0009 Oct 202323 Feb 2024137 Days

Most Expensive Streets in Coventry

PostcodeStreetAreaAverageNo. of Sales
CV4 7AJGibbet Hill RoadCoventry£983,5717
CV5 6BYSouthleigh AvenueCoventry£925,8333
CV4 7ABStoneleigh RoadCoventry£918,6666
CV4 7HXThe ArboretumCoventry£770,2005
CV4 7AZCannon Hill RoadCoventry£761,0005
CV5 6PDMorningsideCoventry£756,6663
CV4 7HEHeycroftCoventry£731,6663
CV3 6GHArmorial RoadStyvechale£714,2275
CV4 8ASCromwell LaneCoventry£693,0005
CV7 8JJTamworth RoadKeresley End£675,7147

Least Expensive Streets in Coventry

PostcodeStreetAreaAverageNo. of Sales
CV6 6LFHurn WayCoventry£51,4374
CV6 5JYCulworth CourtCoventry£54,3333
CV3 3HWSt James CourtCoventry£70,6256
CV6 6JNAnderton RoadAldermans Green£71,6905
CV3 4DWSebastian CloseCoventry£73,1254
CV3 2RDWilliam Mckee CloseBinley£74,7504
CV6 7GZStuart CourtBell Green Road£76,0003
CV3 4DSSunnybank AvenueCoventry£77,4163
CV6 7DBHazel RoadBell Green£78,3333
CV1 4AWCoundon RoadCoventry£78,3505

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