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Cradley Heath House Prices Cradley Heath House Prices

The average house price in Cradley Heath is £225,285 using HM Land Registry data.

The average property price increased by £79,980 (52.04%) over the last 5 years and increased by £15,985 (7.34%) over the last 12 months.

Over the last year, there were 146 residential property sales – a decrease of 94 transactions (-64.38%) relative to the previous year. The majority of house sales (49) were in the £156,000 - £202,000 range. Then came properties in the £202,000 - £248,000 range, where 24 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 73 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,699 (-2%).

In April 2024, there were 31 new estate agency instructions, 17 agreed home sales and 18 property price reductions.

Neighbouring Areas: Dudley, Rowley Regis, Blackheath (Sandwell), Brierley Hill, Halesowen

Postcodes Covered: B62, B64, B65

5-Year Average Property Prices in Cradley Heath

52.04%

Property prices in Cradley Heath increased by 52.04% 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 Cradley Heath Over the Last Year

7.34%

Property prices in Cradley Heath increased by 7.34% 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 Cradley Heath - 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 Cradley Heath

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 Cradley Heath

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 Cradley Heath

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 Cradley Heath since 1995

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

Recent Property Sales in Cradley Heath

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
50 Brook Lane, Cradley Heath, West Midlands, B64 5JP£180,000£175,000-£5,00014 Jun 202326 Feb 2024257 Days
8 Highfield Crescent, Rowley Regis, West Midlands, B65 0BZ£390,000£390,000£0010 Aug 202326 Jan 2024169 Days
33 Elbow Street, Cradley Heath, West Midlands, B64 6JP£118,000£118,000£0027 Jul 202325 Jan 2024182 Days
338 Halesowen Road, Cradley Heath, West Midlands, B64 7JT£345,000£325,000-£20,00019 Oct 202312 Jan 202485 Days
60 Barrs Road, Cradley Heath, West Midlands, B64 7HH£275,000£260,000-£15,00014 Jul 202308 Jan 2024178 Days
15 Hadendale, Cradley Heath, West Midlands, B64 7JW£290,000£288,000-£2,00018 Sep 202320 Dec 202393 Days
3 Cherry Drive, Cradley Heath, West Midlands, B64 6SB£169,950£160,000-£9,95004 Jul 202319 Dec 2023168 Days
33 Chatsworth Road, Halesowen, West Midlands, B62 8TA£295,000£291,500-£3,50026 Sep 202314 Dec 202379 Days
43 Trinity Street, Cradley Heath, West Midlands, B64 6HS£190,000£190,000£0016 Jun 202308 Dec 2023175 Days
3 Newland Gardens, Cradley Heath, West Midlands, B64 7HQ£279,950£267,500-£12,45003 Aug 202306 Dec 2023125 Days
6 Mission Close, Cradley Heath, West Midlands, B64 6SG£315,000£305,000-£10,00024 May 202304 Dec 2023194 Days
33 Bluebell Road, Cradley Heath, West Midlands, B64 5NP£225,000£216,000-£9,00010 Aug 202330 Nov 2023112 Days
4 Chatsworth Road, Halesowen, West Midlands, B62 8TA£300,000£300,000£0025 Aug 202327 Nov 202394 Days
51 Best Street, Cradley Heath, West Midlands, B64 5NY£200,000£198,000-£2,00028 Jun 202324 Nov 2023149 Days
39 Burton Grove, Cradley Heath, West Midlands, B64 6EQ£179,950£172,000-£7,95026 Jul 202322 Nov 2023119 Days
64 Terrace Street, Rowley Regis, West Midlands, B65 0BQ£175,000£165,000-£10,00018 May 202321 Nov 2023187 Days
23 Morgan Close, Cradley Heath, West Midlands, B64 6DH£170,000£164,000-£6,00015 Jun 202303 Nov 2023141 Days
52 Bearmore Road, Cradley Heath, West Midlands, B64 6DU£185,000£183,000-£2,00031 May 202331 Oct 2023153 Days
3 Haden Park Road, Cradley Heath, West Midlands, B64 7HE£435,000£420,000-£15,00020 Jun 202327 Oct 2023129 Days
14 Maypole Close, Cradley Heath, West Midlands, B64 5AS£210,000£205,000-£5,00017 Aug 202327 Oct 202371 Days

Most Expensive Streets in Cradley Heath

PostcodeStreetAreaAverageNo. of Sales
B64 7JSThe CrescentCradley Heath£430,8333
B64 7HFHaden Park RoadCradley Heath£394,1669
B64 7LETimbertree RoadCradley Heath£382,5005
B64 7ERRowley Hill ViewCradley Heath£362,6663
B64 7HBBarrs RoadCradley Heath£358,7504
B64 7HEHaden Park RoadCradley Heath£357,5004
B64 7EZBarrs RoadCradley Heath£341,9374
B64 7JTHalesowen RoadCradley Heath£341,6663
B64 7HRCricketers MeadowCradley Heath£341,6254
B64 7RHBishops WalkCradley Heath£327,6663

Least Expensive Streets in Cradley Heath

PostcodeStreetAreaAverageNo. of Sales
B64 6NWGreat Western DriveCradley Heath£80,0003
B64 5BFHampton CourtHigh Street, Cradley Heath£81,4005
B64 6HBHingley CourtHill Passage£82,0004
B64 5LXVictoria GardensCradley Heath£92,0004
B64 5EWArcher GardensCradley Heath£94,6663
B64 5LNBeech MewsCradley Heath£98,3333
B64 6QJClifton StreetCradley Heath£106,8005
B64 5JEReddal Hill RoadCradley Heath£111,6669
B64 6DPMossvale CloseCradley Heath£113,5995
B64 6SHLuanne CloseCradley Heath£118,5628

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