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Redditch House Prices Redditch House Prices

The average house price in Redditch is £273,987 using HM Land Registry data.

The average property price increased by £32,686 (13.83%) over the last 5 years and increased by £6,549 (2.5%) over the last 12 months.

Over the last year, there were 768 residential property sales – a decrease of 258 transactions (-33.59%) relative to the previous year. The majority of house sales (174) were in the £200,000 - £250,000 range. Then came properties in the £150,000 - £200,000 range, where 166 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 104 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,123 (-2%).

In Dec 24, there were 63 new estate agency instructions, 77 agreed home sales and 32 property price reductions.

Neighbouring Areas: Studley

Postcodes Covered: B80, B96, B97, B98

5-Year Average Property Prices in Redditch

13.83%

Property prices in Redditch increased by 13.83% 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 Redditch Over the Last Year

2.5%

Property prices in Redditch increased by 2.5% 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 Redditch - Dec 24

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 Redditch

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 Redditch

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 Redditch

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 Redditch since 1995

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

Recent Property Sales in Redditch

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
147 Bromsgrove Road, Redditch, Worcestershire, B97 4SG£349,950£345,000-£4,95008 May 202422 Nov 2024198 Days
80 Edgeworth Close, Church Hill, Redditch, Worcestershire, B98 8QQ£115,000£112,500-£2,50022 May 202415 Nov 2024177 Days
9 Upton Close, Redditch, Worcestershire, B98 0PD£225,000£225,000£0029 Jun 202411 Nov 2024135 Days
34 Eyton Close, Redditch, Worcestershire, B98 0JY£250,000£240,000-£10,00021 May 202408 Nov 2024171 Days
177 Loxley Close, Redditch, Worcestershire, B98 9JJ£195,000£191,000-£4,00008 Aug 202404 Nov 202488 Days
96 Donnington Close, Church Hill, Redditch, Worcestershire, B98 8QE£190,000£189,000-£1,00001 Jul 202401 Nov 2024123 Days
311 Salters Lane, Redditch, Worcestershire, B97 6LD£150,000£148,000-£2,00029 Jun 202431 Oct 2024124 Days
28 Ettingley Close, Redditch, Worcestershire, B98 7UF£450,000£450,000£0004 Apr 202429 Oct 2024208 Days
2 Vowchurch Close, Redditch, Worcestershire, B97 6UH£220,000£218,500-£1,50006 Aug 202428 Oct 202483 Days
26 Erwood Close, Headless Cross, Redditch, Worcestershire, B97 5XD£340,000£330,000-£10,00004 Oct 202325 Oct 2024387 Days
22 Ash Tree Road, Redditch, Worcestershire, B97 6JL£209,950£205,000-£4,95025 Apr 202425 Oct 2024183 Days
10 Fulbrook Close, Church Hill, Redditch, Worcestershire, B98 8QP£200,000£200,000£0010 Aug 202325 Oct 2024442 Days
11 Pebworth Close, Church Hill, Redditch, Worcestershire, B98 9JX£230,000£230,000£0010 Jul 202425 Oct 2024107 Days
78 Donnington Close, Church Hill, Redditch, Worcestershire, B98 8QE£180,000£180,000£0015 Jul 202423 Oct 2024100 Days
16 Moorcroft Close, Redditch, Worcestershire, B97 5WB£385,000£370,000-£15,00004 May 202418 Oct 2024167 Days
96 The Meadway, Redditch, Worcestershire, B97 5AF£285,000£278,000-£7,00020 Apr 202418 Oct 2024181 Days
Apartment 24, Prospect View, Clive Road, Redditch, Worcestershire, B97 4BE£125,000£122,500-£2,50013 May 202417 Oct 2024157 Days
67 Terrys Close, Abbeydale, Redditch, Worcestershire, B98 8EU£240,000£238,000-£2,00010 May 202417 Oct 2024160 Days
45 Charlecote Close, Ipsley, Redditch, Worcestershire, B98 0TQ£320,000£320,000£0017 Jun 202416 Oct 2024121 Days
6 Lily Green Lane, Redditch, Worcestershire, B97 6TZ£305,000£295,000-£10,00016 Jan 202411 Oct 2024269 Days

Most Expensive Streets in Redditch

PostcodeStreetAreaAverageNo. of Sales
B80 7DPCommon LaneMappleborough Green£798,3333
B80 7DNLapwing CourtMappleborough Green£698,0003
B97 5PNCrumpfields LaneRedditch£588,1878
B97 5QPFeckenham RoadHunt End£559,5004
B97 5YWThorncliffe CloseCallow Hill£531,1663
B97 5XSChesterton CloseRedditch£524,2857
B97 5QGFeckenham RoadHunt End£513,3333
B97 5XBFenwick CloseRedditch£499,7504
B97 5XYClaverdon CloseHunt End£486,5003
B98 8RWMarshfield CloseRedditch£468,3333

Least Expensive Streets in Redditch

PostcodeStreetAreaAverageNo. of Sales
B98 8BLOak HouseHerbert Street, Redditch£77,0003
B97 4AWUnicorn HouseUnicorn Hill£82,5836
B97 4JEMount PleasantRedditch£89,8333
B97 4JWSouthcrest GardensRedditch£90,0004
B97 4JNSouthcrest GardensRedditch£101,68419
B98 9JRHawksbury CloseRedditch£103,0007
B98 9NSWoodgate CloseRedditch£108,2504
B98 0LAFownhope CloseRedditch£108,5004
B98 7BJDinglesideGlover Street, Redditch£110,3336
B97 5GLGlendale TerraceRedditch£111,9005

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