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Wednesbury House Prices Wednesbury House Prices

The average house price in Wednesbury is £202,050 using HM Land Registry data.

The average property price increased by £72,540 (52.12%) over the last 5 years and increased by £14,498 (7.35%) over the last 12 months.

Over the last year, there were 124 residential property sales – a decrease of 65 transactions (-52.42%) relative to the previous year. The majority of house sales (23) were in the £180,000 - £210,000 range. Then came properties in the £210,000 - £240,000 range, where 23 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 61 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,361 (-3%).

In April 2024, there were 29 new estate agency instructions, 16 agreed home sales and 27 property price reductions.

Neighbouring Areas: Walsall, Darlaston, Bilston, Tipton, West Bromwich

Postcodes Covered: WS10

5-Year Average Property Prices in Wednesbury

52.12%

Property prices in Wednesbury increased by 52.12% 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 Wednesbury Over the Last Year

7.35%

Property prices in Wednesbury increased by 7.35% 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 Wednesbury - 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 Wednesbury

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 Wednesbury

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 Wednesbury

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 Wednesbury since 1995

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

Recent Property Sales in Wednesbury

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
17 Sparrow Close, Wednesbury, West Midlands, WS10 9QJ£230,000£212,500-£17,50010 Aug 202308 Mar 2024211 Days
17 Melia Drive, Wednesbury, West Midlands, WS10 0QE£300,000£300,000£0002 Nov 202307 Mar 2024126 Days
5 Cornwall Close, Wednesbury, West Midlands, WS10 0SE£200,000£190,000-£10,00031 Aug 202312 Feb 2024165 Days
39 Darby Road, Wednesbury, West Midlands, WS10 0PN£180,000£180,000£0017 Jun 202302 Feb 2024230 Days
19 Pine Avenue, Wednesbury, West Midlands, WS10 9NW£160,000£155,000-£5,00014 Jul 202319 Dec 2023158 Days
14 Sparrow Close, Wednesbury, West Midlands, WS10 9QJ£270,000£265,000-£5,00006 Jun 202312 Dec 2023189 Days
3 Pound Road, Wednesbury, West Midlands, WS10 9HJ£150,000£138,000-£12,00004 Sep 202330 Nov 202387 Days
56 Brunswick Park Road, Wednesbury, West Midlands, WS10 9HH£250,000£245,000-£5,00020 Jul 202322 Nov 2023125 Days
17 Jockey Lane, Wednesbury, West Midlands, WS10 9BB£270,000£261,000-£9,00009 Mar 202320 Nov 2023256 Days
67 Kent Road, Wednesbury, West Midlands, WS10 0SY£200,000£190,000-£10,00011 May 202310 Nov 2023183 Days
11 Woden Road East, Wednesbury, West Midlands, WS10 0RQ£200,000£190,000-£10,00003 May 202310 Nov 2023191 Days
2 Wakes Road, Wednesbury, West Midlands, WS10 0BY£220,000£218,000-£2,00009 Aug 202310 Nov 202393 Days
31 Laburnum Road, Wednesbury, West Midlands, WS10 0PR£220,000£215,000-£5,00028 Jul 202327 Oct 202391 Days
Chelston House, Holden Road, Wednesbury, West Midlands, WS10 0DB£340,000£326,000-£14,00021 Jun 202327 Oct 2023128 Days
8 Goldicroft Road, Wednesbury, West Midlands, WS10 9BN£180,000£180,000£0012 Jul 202327 Oct 2023107 Days
93 St Lukes Road, Wednesbury, West Midlands, WS10 0PT£220,000£215,000-£5,00016 Jun 202327 Oct 2023133 Days
35 Mounts Road, Wednesbury, West Midlands, WS10 0BZ£250,000£240,000-£10,00031 May 202325 Oct 2023147 Days
72 Brunswick Park Road, Wednesbury, West Midlands, WS10 9QR£210,000£210,000£0005 Jun 202323 Oct 2023140 Days
7 Hawthorn Road, Wednesbury, West Midlands, WS10 9ND£215,000£215,000£0001 Feb 202323 Oct 2023264 Days
4 Jockey Lane, Wednesbury, West Midlands, WS10 9BB£275,000£275,000£0012 Jun 202318 Oct 2023128 Days

Most Expensive Streets in Wednesbury

PostcodeStreetAreaAverageNo. of Sales
WS10 9AXWood Green RoadWednesbury£350,0005
WS10 0DERiver WalkWednesbury£337,6663
WS10 9UAWoodman CloseWednesbury£318,3333
WS10 9RDWoden Road EastWednesbury£287,3333
WS10 0BSWoden Road SouthWednesbury£285,4605
WS10 9EQHollies DriveWednesbury£271,95010
WS10 9RBWoden Road EastWednesbury£253,3333
WS10 9BBJockey LaneWednesbury£253,1905
WS10 9BWHobs RoadWednesbury£246,6663
WS10 9QPRooth StreetWednesbury£245,0628

Least Expensive Streets in Wednesbury

PostcodeStreetAreaAverageNo. of Sales
WS10 0BBBurrs DriveWednesbury£88,20011
WS10 0RSEssex AvenueWednesbury£98,3333
WS10 7DQHolyhead RoadWednesbury£99,54511
WS10 9HJPound RoadWednesbury£106,5009
WS10 7JQMark RoadWednesbury£112,0003
WS10 0QFBrooksideWednesbury£112,9166
WS10 9PFWhitley StreetWednesbury£116,7504
WS10 0SDKent RoadWednesbury£117,1254
WS10 0DAWedgbury CloseWednesbury£117,26811
WS10 7PQKing StreetWednesbury£118,7504

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