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Wakefield House Prices Wakefield House Prices

The average house price in Wakefield is £232,746 using HM Land Registry data.

The average property price increased by £49,244 (24.9%) over the last 5 years and increased by £9,842 (4.15%) over the last 12 months.

Over the last year, there were 840 residential property sales – a decrease of 692 transactions (-82.38%) relative to the previous year. The majority of house sales (208) were in the £154,000 - £208,000 range. Then came properties in the £100,000 - £154,000 range, where 168 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 72 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,828 (-2%).

In April 2024, there were 196 new estate agency instructions, 115 agreed home sales and 88 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

24.9%

Property prices in Wakefield increased by 24.9% 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

4.15%

Property prices in Wakefield increased by 4.15% 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 - 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 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
3 Woodthorpe Gardens, Wakefield, West Yorkshire, WF2 6RA£550,000£530,000-£20,00015 Aug 202315 Mar 2024213 Days
47 Mountbatten Avenue, Sandal, Wakefield, West Yorkshire, WF2 6HE£329,000£292,000-£37,00022 Oct 202315 Mar 2024145 Days
10 Moxon Place, Wakefield, West Yorkshire, WF2 8EN£165,000£165,000£0002 Jun 202308 Mar 2024280 Days
276 Horbury Road, Wakefield, West Yorkshire, WF2 8QU£375,000£370,000-£5,00004 Aug 202307 Mar 2024216 Days
12 Langsett Road, Wakefield, West Yorkshire, WF2 7HL£175,000£172,000-£3,00017 Oct 202304 Mar 2024139 Days
3 Brackendale Road, Wakefield, West Yorkshire, WF2 8WA£280,000£275,000-£5,00009 Oct 202301 Mar 2024144 Days
43 Belle Vue Road, Wakefield, West Yorkshire, WF1 5LS£90,000£76,000-£14,00007 Jul 202301 Mar 2024238 Days
478 Leeds Road, Wakefield, West Yorkshire, WF1 2DU£165,000£150,000-£15,00001 Nov 202329 Feb 2024120 Days
7 Beech Avenue, Stanley, Wakefield, West Yorkshire, WF3 4PF£200,000£200,000£0002 Oct 202323 Feb 2024144 Days
2 Ridings Lane, Lofthouse, Wakefield, West Yorkshire, WF3 3SE£325,000£325,000£0023 Oct 202323 Feb 2024123 Days
69 Barnsley Road, Wakefield, West Yorkshire, WF1 5LE£215,000£215,000£0023 Aug 202320 Feb 2024181 Days
1 Attlee Crescent, Wakefield, West Yorkshire, WF2 6RF£315,000£305,000-£10,00022 May 202316 Feb 2024270 Days
8 Chestnut Walk, Wakefield, West Yorkshire, WF2 0TX£150,000£148,000-£2,00029 Aug 202316 Feb 2024171 Days
75 Victoria Way, Wakefield, West Yorkshire, WF1 2NB£250,000£250,000£0021 Oct 202316 Feb 2024118 Days
16 The Russets, Sandal, Wakefield, West Yorkshire, WF2 6JF£395,000£367,300-£27,70028 Jun 202315 Feb 2024232 Days
53 Cobb Avenue, Wakefield, West Yorkshire, WF2 8BU£180,000£180,000£0026 Jan 202412 Feb 202417 Days
351 Leeds Road, Wakefield, West Yorkshire, WF1 2JH£175,000£160,000-£15,00023 Aug 202309 Feb 2024170 Days
8 Thornes Moor Avenue, Wakefield, West Yorkshire, WF2 8PZ£239,950£236,000-£3,95028 Sep 202307 Feb 2024132 Days
62 Mill Chase Road, Wakefield, West Yorkshire, WF2 9SL£220,000£205,000-£15,00003 Aug 202305 Feb 2024186 Days
176 Rooks Nest Road, Stanley, Wakefield, West Yorkshire, WF3 4DW£250,000£242,000-£8,00014 Sep 202302 Feb 2024141 Days

Most Expensive Streets in Wakefield

PostcodeStreetAreaAverageNo. of Sales
WF2 6PZHill Top RoadNewmillerdam£774,3754
WF2 6HNChevet LaneWakefield£704,0003
WF2 7DRManygates LaneWakefield£671,7504
WF1 2GTWhite Hall GrangeWakefield£658,1254
WF2 0REBrandy Carr RoadKirkhamgate£615,3085
WF2 6QBHill TopNewmillerdam£548,3333
WF2 6DDWoodland DriveWakefield£516,6663
WF1 5SLHeathWakefield£516,00011
WF3 4AQAberford RoadStanley£513,1663
WF1 2BBBroomhall AvenueWakefield£511,5006

Least Expensive Streets in Wakefield

PostcodeStreetAreaAverageNo. of Sales
WF1 1DHMarket StreetWakefield£52,6004
WF1 3SZElizabeth GardensWakefield£63,9818
WF1 1LEQueen StreetWakefield£64,0003
WF1 5LQReadWoodlands Village£65,8005
WF1 5LRDeliusWoodlands Village£70,3333
WF2 6EDSandal Hall MewsWakefield£71,36825
WF2 0DJMeadow CroftWakefield£72,1663
WF1 3PUDickinson CourtWakefield£72,3336
WF1 1EHBank StreetWakefield£72,4874
WF1 5BGGrosvenor StreetWakefield£73,7005

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