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Pelsall House Prices Pelsall House Prices

The average house price in Pelsall is £237,500 using HM Land Registry data.

The average property price increased by £70,592 (38.1%) over the last 5 years and increased by £14,109 (5.84%) over the last 12 months.

Over the last year, there were 89 residential property sales – a decrease of 35 transactions (-39.33%) relative to the previous year. The majority of house sales (28) were in the £184,000 - £228,000 range. Then came properties in the £228,000 - £272,000 range, where 20 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 94 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,945 (-2%).

In April 2024, there were 27 new estate agency instructions, 12 agreed home sales and 8 property price reductions.

Neighbouring Areas: Bloxwich, Rushall and Shelfield

Postcodes Covered: WS3

5-Year Average Property Prices in Pelsall

38.1%

Property prices in Pelsall increased by 38.1% 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 Pelsall Over the Last Year

5.84%

Property prices in Pelsall increased by 5.84% 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 Pelsall - 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 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 Pelsall

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 Pelsall

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 Pelsall

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 Pelsall since 1995

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

Recent Property Sales in Pelsall

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
1 Enterprise Grove, Pelsall, Walsall, West Midlands, WS3 4PY£500,000£480,000-£20,00009 Nov 202305 Mar 2024117 Days
50 Norbury Avenue, Walsall, West Midlands, WS3 4NE£295,000£295,000£0021 Jul 202309 Feb 2024203 Days
54 Charles Crescent, Walsall, West Midlands, WS3 5BH£185,000£182,000-£3,00011 Jul 202306 Dec 2023148 Days
7 Chapel Street, Pelsall, Walsall, West Midlands, WS3 4LN£225,000£222,500-£2,50023 Jun 202330 Nov 2023160 Days
216 Wolverhampton Road, Pelsall, Walsall, West Midlands, WS3 4AQ£200,000£190,000-£10,00009 Aug 202330 Nov 2023113 Days
34 Goscote Road, Walsall, West Midlands, WS3 4LE£235,000£227,500-£7,50024 Apr 202327 Nov 2023217 Days
17 Victoria Road, Walsall, West Midlands, WS3 4BH£260,000£260,000£0002 May 202324 Nov 2023206 Days
127 Norton Road, Pelsall, Walsall, West Midlands, WS3 5BN£375,000£375,000£0016 May 202313 Nov 2023181 Days
30 Ashtree Road, Walsall, West Midlands, WS3 4LR£240,000£227,000-£13,00007 Aug 202303 Nov 202388 Days
59 Millers Walk, Pelsall, Walsall, West Midlands, WS3 4QS£435,000£420,000-£15,00013 Oct 202303 Nov 202321 Days
56 Clockmill Road, Walsall, West Midlands, WS3 4AH£260,000£260,000£0005 Jul 202327 Oct 2023114 Days
9 Valleyside, Pelsall, Walsall, West Midlands, WS3 4LL£365,000£360,000-£5,00020 Feb 202327 Oct 2023249 Days
5 Maple Road, Walsall, West Midlands, WS3 4JY£250,000£247,000-£3,00020 Jul 202327 Oct 202399 Days
40 Shireview Road, Walsall, West Midlands, WS3 4EA£240,000£235,000-£5,00030 Jul 202325 Oct 202387 Days
11 Allens Lane, Walsall, West Midlands, WS3 4JR£220,000£217,500-£2,50001 Jun 202324 Oct 2023145 Days
31 Charles Crescent, Walsall, West Midlands, WS3 5BJ£210,000£205,000-£5,00001 Sep 202320 Oct 202349 Days
21 Carrick Close, Walsall, West Midlands, WS3 5BE£265,000£255,000-£10,00023 May 202318 Oct 2023148 Days
37 Millers Walk, Pelsall, Walsall, West Midlands, WS3 4QS£395,000£390,000-£5,00008 Feb 202318 Oct 2023252 Days
50 Gilpin Crescent, Walsall, West Midlands, WS3 4HR£290,000£282,500-£7,50009 Jun 202329 Sep 2023112 Days
43 Hall Lane, Pelsall, Walsall, West Midlands, WS3 4JN£390,000£365,000-£25,00007 Dec 202222 Sep 2023289 Days

Most Expensive Streets in Pelsall

PostcodeStreetAreaAverageNo. of Sales
WS3 4QLCommonsidePelsall£422,3333
WS3 4JQHall LanePelsall£416,0003
WS3 4QXLarks MillPelsall£376,4605
WS3 4JNHall LanePelsall£374,3754
WS3 5EUWhite HolliesPelsall£361,6663
WS3 4PUFairburn CrescentPelsall£359,2504
WS3 4QSMillers WalkPelsall£346,2504
WS3 4PBCanterbury CloseWalsall£311,6663
WS3 4BQStation RoadPelsall£308,3333
WS3 4LHMarlpool DrivePelsall£302,1188

Least Expensive Streets in Pelsall

PostcodeStreetAreaAverageNo. of Sales
WS3 4NWWindrush CloseWalsall£109,5004
WS3 5DGRiddings CrescentWalsall£134,3754
WS3 5DHHollands WayWalsall£147,6663
WS3 4QHFoundry LaneWalsall£148,2005
WS3 4APFingerpost DrivePelsall£149,0003
WS3 4ARThatchwood ClosePelsall£162,1254
WS3 4ENSt Andrews AvenueWalsall£162,4833
WS3 5DZWood LanePelsall£162,55010
WS3 4EYSt Davids CloseWalsall£165,4005
WS3 4PLMillennium CloseWalsall£169,1008

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