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Wakefield House Prices Wakefield House Prices

The average house price in Wakefield is £225,470 using HM Land Registry data.

The average property price increased by £44,936 (22.38%) over the last 5 years and increased by £8,983 (3.79%) over the last 12 months.

Over the last year, there were 926 residential property sales – a decrease of 566 transactions (-61.12%) relative to the previous year. The majority of house sales (223) were in the £156,000 - £212,000 range. Then came properties in the £100,000 - £156,000 range, where 192 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 £-6,828 (-2%).

In Oct 24, there were 163 new estate agency instructions, 117 agreed home sales and 157 property price reductions.

Neighbouring Areas: Lofthouse and Robin Hood, East Ardsley, Horbury, Crigglestone and Durkar

Postcodes Covered: WF1, WF2, WF3, WF4, WF5

5-Year Average Property Prices in Wakefield

22.38%

Property prices in Wakefield increased by 22.38% 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 Wakefield Over the Last Year

3.79%

Property prices in Wakefield increased by 3.79% 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 Wakefield - Oct 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 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 Wakefield

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 Wakefield

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 Wakefield

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 Wakefield since 1995

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

Recent Property Sales in Wakefield

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
12 Park Square, Lofthouse, Wakefield, West Yorkshire, WF3 3HB£145,000£145,000£0010 Jun 202413 Aug 202464 Days
4 Pledwick Grove, Wakefield, West Yorkshire, WF2 6DW£240,000£232,000-£8,00013 Jun 202402 Aug 202450 Days
6 Keswick Drive, Wakefield, West Yorkshire, WF2 9HA£220,000£216,000-£4,00001 Mar 202402 Aug 2024154 Days
22 Sheridan Street, Outwood, Wakefield, West Yorkshire, WF1 3TP£230,000£210,000-£20,00010 Jan 202402 Aug 2024205 Days
28 Clement Street, Wakefield, West Yorkshire, WF2 9BA£110,000£105,000-£5,00005 Feb 202431 Jul 2024177 Days
13 Warren Avenue, Wakefield, West Yorkshire, WF2 7JW£169,950£163,000-£6,95022 Feb 202431 Jul 2024160 Days
40 Sandal Hall Mews, Wakefield, West Yorkshire, WF2 6ED£89,950£84,000-£5,95005 Apr 202431 Jul 2024117 Days
14 Grey Street, Wakefield, West Yorkshire, WF1 3HQ£160,000£156,000-£4,00026 Dec 202331 Jul 2024218 Days
1 Queensbury Avenue, Outwood, Wakefield, West Yorkshire, WF1 3TS£379,950£374,000-£5,95024 Aug 202331 Jul 2024342 Days
48 Sparable Lane, Wakefield, West Yorkshire, WF1 5LW£150,000£148,000-£2,00030 Mar 202429 Jul 2024121 Days
28 Brick Street, Wakefield, West Yorkshire, WF2 9LX£190,000£190,000£0018 Apr 202426 Jul 202499 Days
47 Aberford Road, Wakefield, West Yorkshire, WF1 4AW£280,000£280,000£0026 Jan 202426 Jul 2024182 Days
2 Pretoria Street, Wakefield, West Yorkshire, WF1 5PY£115,000£110,000-£5,00012 Mar 202426 Jul 2024136 Days
9 Swallow Garth, Wakefield, West Yorkshire, WF2 6SJ£425,000£400,000-£25,00024 Mar 202325 Jul 2024489 Days
36 Potovens Lane, Lofthouse, Wakefield, West Yorkshire, WF3 3HY£190,000£185,000-£5,00014 Feb 202424 Jul 2024161 Days
59 Cricketers Approach, Wrenthorpe, Wakefield, West Yorkshire, WF2 0JH£90,000£88,000-£2,00022 Feb 202424 Jul 2024153 Days
18 Moor Road, Stanley, Wakefield, West Yorkshire, WF3 4EW£199,950£190,000-£9,95020 Feb 202422 Jul 2024153 Days
32 Foxglove Folly, Wakefield, West Yorkshire, WF2 0FF£174,950£169,500-£5,45011 Apr 202419 Jul 202499 Days
1 Virginia Close, Lofthouse, Wakefield, West Yorkshire, WF3 3TB£400,000£390,000-£10,00023 Sep 202316 Jul 2024297 Days
68 Dewsbury Road, Wakefield, West Yorkshire, WF2 9BE£150,000£70,000-£80,00029 Sep 202316 Jul 2024291 Days

Most Expensive Streets in Wakefield

PostcodeStreetAreaAverageNo. of Sales
WF2 6PZHill Top RoadNewmillerdam£749,1663
WF2 7DRManygates LaneWakefield£671,7504
WF1 2GTWhite Hall GrangeWakefield£653,9005
WF2 0REBrandy Carr RoadKirkhamgate£615,3085
WF2 7RXField LaneWakefield£586,6663
WF2 6QBHill TopNewmillerdam£548,3333
WF1 2BBBroomhall AvenueWakefield£532,8005
WF3 4AQAberford RoadStanley£513,1663
WF2 6HJCarr LaneWakefield£506,7005
WF2 6TWHowcroft GardensWakefield£505,0003

Least Expensive Streets in Wakefield

PostcodeStreetAreaAverageNo. of Sales
WF1 1DHMarket StreetWakefield£52,6004
WF1 1LEQueen StreetWakefield£64,0003
WF1 3SZElizabeth GardensWakefield£64,4705
WF1 5LQReadWoodlands Village£65,8005
WF1 5LRDeliusWoodlands Village£70,3333
WF1 3PUDickinson CourtWakefield£72,3336
WF2 6EDSandal Hall MewsWakefield£72,89627
WF1 1EHBank StreetWakefield£73,3163
WF1 5BGGrosvenor StreetWakefield£73,7005
WF2 0DJMeadow CroftWakefield£74,3754

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