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West Bromwich House Prices West Bromwich House Prices

The average house price in West Bromwich is £241,640 using HM Land Registry data.

The average property price increased by £68,081 (41.9%) over the last 5 years and increased by £13,607 (6.27%) over the last 12 months.

Over the last year, there were 602 residential property sales – a decrease of 294 transactions (-48.84%) relative to the previous year. The majority of house sales (154) were in the £202,000 - £248,000 range. Then came properties in the £156,000 - £202,000 range, where 137 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 77 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,205 (-2%).

In April 2024, there were 129 new estate agency instructions, 74 agreed home sales and 71 property price reductions.

Neighbouring Areas: Walsall, Wednesbury, Tipton, Oldbury, Rowley Regis, Smethwick, Birmingham

Postcodes Covered: B42, B43, B66, B69, B70, B71, DY4, WS10, WS5

5-Year Average Property Prices in West Bromwich

41.9%

Property prices in West Bromwich increased by 41.9% 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 West Bromwich Over the Last Year

6.27%

Property prices in West Bromwich increased by 6.27% 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 West Bromwich - 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 West Bromwich

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 West Bromwich

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 West Bromwich

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 West Bromwich since 1995

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

Recent Property Sales in West Bromwich

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
34 Lilac Avenue, Walsall, West Midlands, WS5 4JP£240,000£215,000-£25,00029 Sep 202308 Mar 2024161 Days
12 Wilderness Lane, Great Barr, Birmingham, West Midlands, B43 7RU£395,000£380,000-£15,00007 Sep 202323 Feb 2024169 Days
39 Hopkins Drive, West Bromwich, West Midlands, B71 3RT£400,000£370,000-£30,00007 Jul 202315 Feb 2024223 Days
43 Arlington Road, West Bromwich, West Midlands, B71 1AD£275,000£275,000£0021 Oct 202315 Feb 2024117 Days
196 Hall Green Road, West Bromwich, West Midlands, B71 2DX£240,000£227,000-£13,00003 Jan 202409 Feb 202437 Days
42 Whitworth Drive, West Bromwich, West Midlands, B71 3AU£325,000£285,000-£40,00006 Sep 202309 Feb 2024156 Days
4 Heronville Drive, West Bromwich, West Midlands, B70 0HS£90,000£87,000-£3,00015 Sep 202309 Feb 2024147 Days
61 Hawkins Street, West Bromwich, West Midlands, B70 0QS£235,000£230,000-£5,00021 Aug 202309 Feb 2024172 Days
8 Lechlade Road, Great Barr, Birmingham, West Midlands, B43 5NF£260,000£260,000£0022 Aug 202309 Feb 2024171 Days
11 Thynne Street, West Bromwich, West Midlands, B70 6PH£180,000£170,000-£10,00008 Aug 202306 Feb 2024182 Days
10 Francis Ward Close, West Bromwich, West Midlands, B71 2PZ£220,000£218,000-£2,00007 Aug 202302 Feb 2024179 Days
51 Beaconview Road, West Bromwich, West Midlands, B71 3NR£85,000£85,000£0008 Sep 202301 Feb 2024146 Days
119 Spouthouse Lane, Birmingham, West Midlands, B43 5QB£240,000£240,000£0027 Sep 202331 Jan 2024126 Days
8 Brook Street, West Bromwich, West Midlands, B70 9HL£210,000£205,000-£5,00002 Aug 202326 Jan 2024177 Days
88 Dial Lane, West Bromwich, West Midlands, B70 0EG£300,000£275,000-£25,00015 Sep 202320 Jan 2024127 Days
2 Cordley Street, West Bromwich, West Midlands, B70 9NQ£200,000£200,000£0020 Jun 202319 Jan 2024213 Days
29 Tanhouse Avenue, Hamstead, Birmingham, West Midlands, B43 5AB£240,000£240,000£0010 Oct 202318 Jan 2024100 Days
21 The Broadway, Hill Top, West Bromwich, West Midlands, B71 2QG£230,000£230,000£0004 Sep 202312 Jan 2024130 Days
36 Green Lane, Great Barr, Birmingham, West Midlands, B43 5JX£380,000£380,000£0010 Mar 202305 Jan 2024301 Days
59 Hartland Road, West Bromwich, West Midlands, B71 3DF£190,000£190,000£0018 Aug 202320 Dec 2023124 Days

Most Expensive Streets in West Bromwich

PostcodeStreetAreaAverageNo. of Sales
B43 6BENewton RoadGreat Barr£522,1663
B71 4DUBassett CrescentWest Bromwich£490,6663
B43 6HNNewton RoadGreat Barr£487,5004
B43 6BUNewton RoadGreat Barr£473,3333
B43 6HFAsbury WalkBirmingham£472,7504
B43 6JERay Hall LaneBirmingham£457,0005
B43 6LLPages LaneGreat Barr£441,1427
B43 6BBBoscobel RoadBirmingham£436,6663
B43 6JAPear Tree RoadGreat Barr£428,8504
B43 6DJNewton CloseBirmingham£426,6663

Least Expensive Streets in West Bromwich

PostcodeStreetAreaAverageNo. of Sales
B71 3PQBriarleyBeaconview Road£37,4995
B71 1QDSalisbury HouseLily Street, West Bromwich£43,7504
B71 3PFCamberleyBeaconview Road£47,61426
B71 3PECamberleyBeaconview Road£49,40717
B70 8RZSt Georges PlaceWest Bromwich£55,8333
DY4 7ESFisher StreetGreat Bridge£63,8754
B70 8GHGoldfield CourtDartmouth Street, West Bromwich£68,30412
B43 5DXNewton GardensBirmingham£71,7005
B43 6QUNewton RoadGreat Barr£72,0004
B70 7ADWest Gate PlazaMoor Street, West Bromwich£82,0003

Explore West Bromwich and Neighbouring Area House Prices

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