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Rowley Regis House Prices Rowley Regis House Prices

The average house price in Rowley Regis is £225,450 using HM Land Registry data.

The average property price increased by £59,516 (37.71%) over the last 5 years and increased by £11,895 (5.79%) over the last 12 months.

Over the last year, there were 260 residential property sales – a decrease of 180 transactions (-69.23%) relative to the previous year. The majority of house sales (59) were in the £182,000 - £218,000 range. Then came properties in the £146,000 - £182,000 range, where 58 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 47 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,452 (-2%).

In April 2024, there were 57 new estate agency instructions, 31 agreed home sales and 19 property price reductions.

Neighbouring Areas: Tipton, West Bromwich, Dudley, Oldbury, Blackheath (Sandwell), Cradley Heath

Postcodes Covered: B64, B65, B69, DY2

5-Year Average Property Prices in Rowley Regis

37.71%

Property prices in Rowley Regis increased by 37.71% 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 Rowley Regis Over the Last Year

5.79%

Property prices in Rowley Regis increased by 5.79% 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 Rowley Regis - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 Rowley Regis

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 Rowley Regis

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 Rowley Regis

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 Rowley Regis since 1995

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

Recent Property Sales in Rowley Regis

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
197 Oakham Road, Tividale, Oldbury, West Midlands, B69 1PS£300,000£300,000£0022 Nov 202314 Mar 2024113 Days
5 Richards Close, Rowley Regis, West Midlands, B65 0PZ£225,000£210,000-£15,00022 Sep 202306 Mar 2024166 Days
15 Hartfields Way, Rowley Regis, West Midlands, B65 8PD£180,000£172,500-£7,50029 Aug 202301 Mar 2024185 Days
10 Lye Cross Road, Tividale, Oldbury, West Midlands, B69 1PQ£230,000£226,000-£4,00006 Sep 202312 Feb 2024159 Days
130 Elm Terrace, Tividale, Oldbury, West Midlands, B69 1TQ£260,000£260,000£0016 Aug 202308 Feb 2024176 Days
21 New Birmingham Road, Tividale, Oldbury, West Midlands, B69 2JJ£160,000£155,000-£5,00028 Dec 202207 Feb 2024406 Days
17 Blue Stone Walk, Rowley Regis, West Midlands, B65 9DG£190,000£185,000-£5,00018 Sep 202304 Jan 2024108 Days
15 Alexandra Way, Tividale, Oldbury, West Midlands, B69 2LX£240,000£240,000£0020 Jul 202320 Dec 2023153 Days
22 Old School Drive, Rowley Regis, West Midlands, B65 8DD£340,000£332,500-£7,50014 Jul 202319 Dec 2023158 Days
54 Oakthorpe Gardens, Tividale, Oldbury, West Midlands, B69 2LF£75,000£68,000-£7,00015 Feb 202319 Dec 2023307 Days
18 Bryan Budd Close, Rowley Regis, West Midlands, B65 9BB£235,000£235,000£0015 Aug 202315 Dec 2023122 Days
1 Highmoor Road, Rowley Regis, West Midlands, B65 8DJ£250,000£250,000£0027 Jul 202313 Dec 2023139 Days
40 Majestic Way, Rowley Regis, West Midlands, B65 9RG£250,000£250,000£0010 Sep 202304 Dec 202385 Days
200 Penncricket Lane, Rowley Regis, West Midlands, B65 0RJ£260,000£255,000-£5,00015 Jul 202330 Nov 2023138 Days
72b, Brades Road, Oldbury, West Midlands, B69 2FD£115,000£100,000-£15,00005 Apr 202330 Nov 2023239 Days
98 City Road, Tividale, Oldbury, West Midlands, B69 1QS£175,000£165,000-£10,00024 Aug 202327 Nov 202395 Days
99 Poplar Avenue, Tividale, Oldbury, West Midlands, B69 1RN£200,000£196,700-£3,30021 Aug 202324 Nov 202395 Days
70 Crendon Road, Rowley Regis, West Midlands, B65 8LF£230,000£230,000£0001 Aug 202323 Nov 2023114 Days
340 Newbury Lane, Oldbury, West Midlands, B69 1JJ£180,000£180,000£0010 Jul 202310 Nov 2023123 Days
23 Ashtree Road, Tividale, Oldbury, West Midlands, B69 2HD£245,000£243,000-£2,00010 Aug 202310 Nov 202392 Days

Most Expensive Streets in Rowley Regis

PostcodeStreetAreaAverageNo. of Sales
B65 8QABurmese WayRowley Regis£377,5003
B65 9DPTurners HillRowley Regis£371,6663
B65 8QDMilford CroftRowley Regis£358,5004
B65 9AZArchangel DriveRowley Regis£336,0003
B69 1RABarley FieldsTividale£330,8333
B69 1UUView PointTividale£326,3336
B69 1PZOakham RoadTividale£315,6005
B69 1SDDarbys Hill RoadTividale£310,0004
B65 8DDOld School DriveRowley Regis£305,5836
B65 8BLAdmirals WayRowley Regis£299,0003

Least Expensive Streets in Rowley Regis

PostcodeStreetAreaAverageNo. of Sales
B69 2JLSt Michaels MewsTividale£50,0004
B69 1TPRed Lion CloseTividale£66,6254
B69 2LEOakthorpe GardensTividale£69,7506
B65 9LNGadds DriveRowley Regis£86,0003
B65 0PTTitford LaneRowley Regis£87,4166
B65 0PWWinchester CloseRowley Regis£88,36010
B69 2LFOakthorpe GardensTividale£89,5004
B69 2FDBrades RoadOldbury£97,0004
B65 0SQCanterbury CloseRowley Regis£97,2504
B69 2LXAlexandra WayTividale£98,60010

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