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Stourbridge House Prices Stourbridge House Prices

The average house price in Stourbridge is £226,821 using HM Land Registry data.

The average property price increased by £78,802 (34.18%) over the last 5 years and increased by £15,749 (5.36%) over the last 12 months.

Over the last year, there were 558 residential property sales – a decrease of 247 transactions (-44.27%) relative to the previous year. The majority of house sales (139) were in the £200,000 - £280,000 range. Then came properties in the £120,000 - £200,000 range, where 127 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 78 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,295 (-2%).

In April 2024, there were 101 new estate agency instructions, 88 agreed home sales and 74 property price reductions.

Neighbouring Areas: Kingswinford, Brierley Hill, Halesowen, Hagley

Postcodes Covered: B63, DY5, DY7, DY8, DY9

5-Year Average Property Prices in Stourbridge

34.18%

Property prices in Stourbridge increased by 34.18% 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 Stourbridge Over the Last Year

5.36%

Property prices in Stourbridge increased by 5.36% 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 Stourbridge - 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 Stourbridge

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 Stourbridge

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 Stourbridge

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 Stourbridge since 1995

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

Recent Property Sales in Stourbridge

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
3a, Ridge Street, Stourbridge, West Midlands, DY8 4QF£290,000£280,000-£10,00026 Dec 202318 Mar 202483 Days
28a, Cobden Street, Wollaston, Stourbridge, West Midlands, DY8 3RU£240,000£237,400-£2,60004 Oct 202313 Mar 2024161 Days
66 Osmaston Road, Stourbridge, West Midlands, DY8 2AW£475,000£470,000-£5,00007 Sep 202308 Mar 2024183 Days
2 Willow Park Drive, Stourbridge, West Midlands, DY8 2HL£515,000£505,000-£10,00011 Oct 202308 Mar 2024149 Days
11 Windsor Road, Stourbridge, West Midlands, DY8 3BX£375,000£345,000-£30,00004 Aug 202327 Feb 2024207 Days
Flat 26, Priory Court, Glasshouse Hill, Stourbridge, West Midlands, DY8 1NJ£90,000£90,000£0016 Oct 202323 Feb 2024130 Days
30 Arlington Court, Stourbridge, West Midlands, DY8 1NN£250,000£230,000-£20,00018 Dec 202323 Feb 202467 Days
80 Priory Road, Stourbridge, West Midlands, DY8 2HG£350,000£340,000-£10,00019 Aug 202319 Feb 2024184 Days
7 Landsgate, Stourbridge, West Midlands, DY8 2SD£625,000£575,000-£50,00027 Oct 202316 Feb 2024112 Days
7 Wollescote Road, Stourbridge, West Midlands, DY9 7JU£240,000£238,700-£1,30001 Jun 202314 Feb 2024258 Days
18 Eggington Road, Stourbridge, West Midlands, DY8 4QJ£325,000£315,000-£10,00014 Nov 202309 Feb 202487 Days
7 Elm Close, Stourbridge, West Midlands, DY8 3JH£425,000£425,000£0012 Apr 202309 Feb 2024303 Days
3 Vestry Court, Wollaston, Stourbridge, West Midlands, DY8 3SF£335,000£335,000£0030 Oct 202309 Feb 2024102 Days
19 Lychgate Avenue, Stourbridge, West Midlands, DY9 0TS£335,000£335,000£0028 Jul 202302 Feb 2024189 Days
64 Vicarage Road, Wollaston, Stourbridge, West Midlands, DY8 4NP£270,000£270,000£0008 Sep 202302 Feb 2024147 Days
66 Meadow Park Road, Wollaston, Stourbridge, West Midlands, DY8 4TU£190,000£190,000£0024 Jul 202331 Jan 2024191 Days
14 Marlborough Drive, Stourbridge, West Midlands, DY8 2LJ£325,000£325,000£0030 Aug 202325 Jan 2024148 Days
20 Albert Street, Lye, Stourbridge, West Midlands, DY9 8AG£150,000£150,000£0016 Oct 202319 Jan 202495 Days
67 Heath Street, Stourbridge, West Midlands, DY8 1SE£435,000£428,000-£7,00023 Feb 202312 Jan 2024323 Days
50 Hungary Hill, Stourbridge, West Midlands, DY9 7PU£180,000£169,000-£11,00020 Sep 202304 Jan 2024106 Days

Most Expensive Streets in Stourbridge

PostcodeStreetAreaAverageNo. of Sales
DY8 2REQuarry Park RoadStourbridge£1,255,8336
DY8 2SDLandsgateStourbridge£893,7504
DY9 0SJWorcester LaneStourbridge£828,2624
DY9 0QZBromwich LaneStourbridge£795,8436
DY9 0RURedlake RoadStourbridge£788,7504
DY9 0RXRedlake DrivePedmore£779,07114
DY9 7JSWollescote RoadStourbridge£773,6663
DY8 2TBNorton RoadStourbridge£664,1663
DY8 2TANorton RoadStourbridge£658,3333
DY8 2LBPear Tree DriveStourbridge£645,6254

Least Expensive Streets in Stourbridge

PostcodeStreetAreaAverageNo. of Sales
DY8 1HAChurch CourtParkfield Road£82,6663
DY9 8AECemetery RoadLye£82,8004
DY9 9JBDobbins Oak RoadPedmore£83,2506
DY8 4LGDove DriveStourbridge£83,7905
DY9 8JWVicarage RoadLye£94,8333
DY8 1LEPebble CloseStourbridge£97,8754
DY9 8TGCrabbe StreetLye£98,5163
DY8 1BXQueens RoadStourbridge£100,5254
DY8 3RNSouth RoadStourbridge£101,1254
DY8 3TDEnville StreetStourbridge£102,3004

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