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Wokingham House Prices Wokingham House Prices

The average house price in Wokingham is £554,362 using HM Land Registry data.

The average property price increased by £98,323 (21.6%) over the last 5 years and increased by £19,651 (3.68%) over the last 12 months.

Over the last year, there were 593 residential property sales – a decrease of 323 transactions (-54.47%) relative to the previous year. The majority of house sales (163) were in the £392,000 - £514,000 range. Then came properties in the £514,000 - £636,000 range, where 118 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 58 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-18,474 (-2%).

In April 2024, there were 132 new estate agency instructions, 100 agreed home sales and 60 property price reductions.

Neighbouring Areas: Winnersh, Bracknell, Arborfield Garrison, Crowthorne

Postcodes Covered: RG40, RG41

5-Year Average Property Prices in Wokingham

21.6%

Property prices in Wokingham increased by 21.6% 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 Wokingham Over the Last Year

3.68%

Property prices in Wokingham increased by 3.68% 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 Wokingham - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 Wokingham

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 Wokingham

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 Wokingham

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 Wokingham since 1995

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

Recent Property Sales in Wokingham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
4 Waverley Way, Wokingham, RG40 4YD£750,000£735,000-£15,00011 Oct 202318 Mar 2024159 Days
Wychwood, Old Forest Road, Winnersh, Wokingham, RG41 1HY£800,000£735,000-£65,00012 May 202308 Mar 2024301 Days
15 Bishops Drive, Wokingham, RG40 1WA£365,000£352,000-£13,00010 Oct 202306 Mar 2024148 Days
1 Beckford Close, Wokingham, RG41 1HN£575,000£575,000£0024 Nov 202301 Mar 202498 Days
81 Bean Oak Road, Wokingham, RG40 1RJ£575,000£565,000-£10,00010 Jul 202329 Feb 2024234 Days
64 Kiln Ride, Finchampstead, Wokingham, RG40 3PH£685,000£650,000-£35,00002 Oct 202322 Feb 2024143 Days
10 Cornwall Close, Wokingham, RG41 3AG£300,000£287,800-£12,20005 Oct 202305 Feb 2024123 Days
Faringdon, Tintagel Road, Finchampstead, Wokingham, RG40 3JJ£750,000£750,000£0027 Jul 202302 Feb 2024190 Days
40 Eastheath Avenue, Wokingham, RG41 2PJ£950,000£913,000-£37,00031 Jul 202331 Jan 2024184 Days
12 Goodings Green, Wokingham, RG40 1SB£465,000£440,000-£25,00002 Sep 202330 Jan 2024150 Days
6 Crutchley Road, Wokingham, RG40 1XA£550,000£535,000-£15,00009 Aug 202325 Jan 2024169 Days
9 South Close, Wokingham, RG40 2DJ£700,000£685,000-£15,00005 Dec 202324 Jan 202450 Days
112 Kiln Ride, Finchampstead, Wokingham, RG40 3PB£675,000£625,000-£50,00010 Oct 202323 Jan 2024105 Days
59 Marks Road, Wokingham, RG41 1NR£525,000£515,000-£10,00013 Jul 202322 Jan 2024193 Days
4 Toutley Close, Wokingham, RG41 1JH£525,000£515,000-£10,00022 Jul 202312 Jan 2024174 Days
Fernfield, Warren Lane, Finchampstead, Wokingham, RG40 4HR£895,000£875,000-£20,00016 Aug 202305 Jan 2024142 Days
41 Jupiter Way, Wokingham, RG41 3GE£390,000£380,000-£10,00015 Jun 202304 Jan 2024203 Days
64 Valley Crescent, Wokingham, RG41 1NP£435,000£415,000-£20,00016 Aug 202321 Dec 2023127 Days
14 Woosehill Lane, Wokingham, RG41 2TS£575,000£575,000£0015 Mar 202318 Dec 2023278 Days
11 Smalley Close, Wokingham, RG41 4AP£385,000£380,000-£5,00022 Aug 202315 Dec 2023115 Days

Most Expensive Streets in Wokingham

PostcodeStreetAreaAverageNo. of Sales
RG40 3QRHollybush RideFinchampstead£1,628,7504
RG40 2HSSouthlands RoadWokingham£1,595,3336
RG40 2DHSouth DriveWokingham£1,545,5004
RG40 3QNHeath RideFinchampstead£1,436,6663
RG40 3QPHollybush RideFinchampstead£1,305,0003
RG40 3HYWildcroft DriveWokingham£1,250,0003
RG40 2DUErica DriveWokingham£1,240,0004
RG41 4ETDowles Barn CloseBarkham£1,141,6663
RG40 2DBCrescent RoadWokingham£1,125,0004
RG40 3HSFinchampstead RoadWokingham£1,116,6663

Least Expensive Streets in Wokingham

PostcodeStreetAreaAverageNo. of Sales
RG41 1EGReading RoadWokingham£166,9005
RG40 2DYLanden CourtFinchampstead Road£170,2005
RG40 1EQAcorn DriveWokingham£183,06232
RG40 1APSwift HouseMarket Place£193,2857
RG41 3DAWoosehill CourtEmmview Close£193,8754
RG40 1EUAcorn DriveWokingham£195,8336
RG40 2LJBurford CourtRances Lane£204,5717
RG41 3BRTrinity CourtEmmview Close£205,9378
RG41 1ANPotter CrescentWokingham£213,3577
RG40 1BHShute EndWokingham£214,5004

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