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Lichfield House Prices Lichfield House Prices

The average house price in Lichfield is £298,066 using HM Land Registry data.

The average property price increased by £83,469 (30.26%) over the last 5 years and increased by £16,682 (4.87%) over the last 12 months.

Over the last year, there were 388 residential property sales – a decrease of 269 transactions (-69.33%) relative to the previous year. The majority of house sales (96) were in the £222,000 - £304,000 range. Then came properties in the £140,000 - £222,000 range, where 73 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 61 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,157 (-2%).

In April 2024, there were 94 new estate agency instructions, 69 agreed home sales and 32 property price reductions.

Postcodes Covered: WS13, WS14

5-Year Average Property Prices in Lichfield

30.26%

Property prices in Lichfield increased by 30.26% 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 Lichfield Over the Last Year

4.87%

Property prices in Lichfield increased by 4.87% 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 Lichfield - 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 Lichfield

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 Lichfield

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 Lichfield

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 Lichfield since 1995

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

Recent Property Sales in Lichfield

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
8 Harrington Walk, Lichfield, Staffordshire, WS13 7UY£250,000£250,000£0027 Oct 202304 Mar 2024129 Days
18 Little Barrow Walk, Lichfield, Staffordshire, WS13 7EP£215,000£213,000-£2,00007 Sep 202301 Mar 2024176 Days
2 Hartslade, Lichfield, Staffordshire, WS14 9RH£400,000£387,000-£13,00019 Apr 202301 Mar 2024317 Days
108 Gaia Lane, Lichfield, Staffordshire, WS13 7LS£395,000£373,000-£22,00028 Jun 202322 Feb 2024239 Days
16 Furnivall Crescent, Lichfield, Staffordshire, WS13 6DD£450,000£440,000-£10,00005 Aug 202309 Feb 2024188 Days
8 Rocklands Crescent, Lichfield, Staffordshire, WS13 6DH£365,000£365,000£0008 Sep 202307 Feb 2024152 Days
78 Walsall Road, Lichfield, Staffordshire, WS13 8AF£925,000£895,000-£30,00004 Jul 202302 Feb 2024213 Days
3 Orchard Close, Lichfield, Staffordshire, WS13 7DN£335,000£325,000-£10,00027 May 202331 Jan 2024249 Days
26 Maryvale Court, Lichfield, Staffordshire, WS14 9HZ£235,000£235,000£0023 Sep 202329 Jan 2024128 Days
38 Coltman Close, Lichfield, Staffordshire, WS14 9YS£300,000£300,000£0020 Oct 202326 Jan 202498 Days
27 Scott Close, Lichfield, Staffordshire, WS14 9DB£284,950£280,000-£4,95018 Oct 202326 Jan 2024100 Days
6 Masefield Close, Lichfield, Staffordshire, WS14 9DD£240,000£232,500-£7,50018 Oct 202326 Jan 2024100 Days
34 Willowsmere Drive, Lichfield, Staffordshire, WS14 9XF£440,000£430,000-£10,00022 Jan 202424 Jan 20242 Days
23 Darnford View, Lichfield, Staffordshire, WS13 6SX£220,000£205,000-£15,00015 Aug 202323 Jan 2024161 Days
3 Gorsty Bank, Lichfield, Staffordshire, WS14 9UB£375,000£355,000-£20,00012 Sep 202315 Jan 2024125 Days
43 Trafalgar Way, Lichfield, Staffordshire, WS14 9FD£325,000£310,000-£15,00009 Jun 202312 Jan 2024217 Days
16 Shipley Lane, Lichfield, Staffordshire, WS14 0FJ£450,000£450,000£0011 Aug 202309 Jan 2024151 Days
11 Yew Tree Avenue, Lichfield, Staffordshire, WS14 9UA£325,000£305,000-£20,00018 May 202305 Jan 2024232 Days
6 Copperfields, Lichfield, Staffordshire, WS14 9YQ£250,000£245,000-£5,00003 Sep 202320 Dec 2023108 Days
49 Francis Road, Lichfield, Staffordshire, WS13 7JX£150,000£150,000£0027 Sep 202319 Dec 202383 Days

Most Expensive Streets in Lichfield

PostcodeStreetAreaAverageNo. of Sales
WS13 7LTGaiafields RoadLichfield£968,6005
WS14 9BPShortbutts CloseLichfield£890,0003
WS13 6TLAuchinleck DriveLichfield£870,5004
WS13 7LNBulldog LaneLichfield£833,1254
WS13 7ATNether BeaconLichfield£825,8336
WS14 9EJLondon RoadLichfield£825,0004
WS13 7LWGaia LaneLichfield£710,1769
WS14 9DFBorrowcop LaneLichfield£699,75010
WS13 7LRGaia LaneLichfield£692,3686
WS14 9DGBorrowcop LaneLichfield£682,0005

Least Expensive Streets in Lichfield

PostcodeStreetAreaAverageNo. of Sales
WS13 6TZMercian CourtMaxwell Close£78,6663
WS14 9XHBloomsbury WayLichfield£91,6878
WS13 6TAShenstone HouseHobs Road£92,0509
WS13 6TBWhittington HouseHobs Road£92,06811
WS13 6XDHomelodge HouseCastle Dyke£92,35728
WS13 6TDArmitage HouseHobs Road£95,19213
WS13 6SYRidware HouseHobs Road£101,4005
WS14 9UJMaybank CloseLichfield£101,4166
WS13 6HLWade StreetLichfield£110,85014
WS14 9AUWindsor CourtBuckingham Gardens£122,5005

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