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Wolverhampton House Prices

The average house price in Wolverhampton is £230,411 using HM Land Registry data.

The average property price increased by £69,376 (41.1%) over the last 5 years and increased by £13,866 (6.18%) over the last 12 months.

Over the last year, there were 1,632 residential property sales – a decrease of 705 transactions (-43.20%) relative to the previous year. The majority of house sales (413) were in the £150,000 - £200,000 range. Then came properties in the £200,000 - £250,000 range, where 355 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 64 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,449 (-2%).

In April 2024, there were 331 new estate agency instructions, 220 agreed home sales and 157 property price reductions.

5-Year Average Property Prices in Wolverhampton

41.1%

Property prices in Wolverhampton increased by 41.1% 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 Wolverhampton Over the Last Year

6.18%

Property prices in Wolverhampton increased by 6.18% 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.

Property Market Heat Gauge for Wolverhampton - 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 Wolverhampton

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 Wolverhampton

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 Wolverhampton

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 Wolverhampton since 1995

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

Recent Property Sales in Wolverhampton

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
10 Springhill Park, Wolverhampton, Staffordshire, WV4 4TS	£465,000	£447,500	-£17,500	02 Feb 2023	21 Aug 2023	200 Days
23 Westhill, Wolverhampton, West Midlands, WV3 9HL	£300,000	£300,000	£00	07 Oct 2022	21 Aug 2023	318 Days
95 Lyndale Drive, Wolverhampton, West Midlands, WV11 3JR	£220,000	£215,000	-£5,000	08 Nov 2022	04 Aug 2023	269 Days
21 Oaks Crescent, Chapel Ash, Wolverhampton, West Midlands, WV3 9SA	£325,000	£307,500	-£17,500	16 Jan 2023	04 Aug 2023	200 Days
38 Weyhill Close, Wolverhampton, West Midlands, WV9 5RA	£90,000	£90,000	£00	25 Apr 2023	02 Aug 2023	99 Days
783 Cannock Road, Wednesfield, Wolverhampton, West Midlands, WV10 8QA	£169,950	£165,000	-£4,950	19 Mar 2023	31 Jul 2023	134 Days
46 Long Knowle Lane, Wednesfield, Wolverhampton, West Midlands, WV11 1JH	£340,000	£335,000	-£5,000	12 Apr 2023	31 Jul 2023	110 Days
6 Longmoor Close, Wolverhampton, West Midlands, WV11 3TD	£325,000	£325,000	£00	10 Apr 2023	31 Jul 2023	112 Days
111 Cadman Crescent, Wolverhampton, West Midlands, WV10 0SH	£199,995	£191,000	-£8,995	25 Mar 2023	28 Jul 2023	125 Days
40 Barnard Road, Wolverhampton, West Midlands, WV11 2JZ	£165,000	£165,000	£00	01 Feb 2023	28 Jul 2023	177 Days
6 Deans Gate, Willenhall, West Midlands, WV13 3NH	£107,500	£99,500	-£8,000	31 Jan 2023	28 Jul 2023	178 Days
76 Dixon Street, Wolverhampton, West Midlands, WV2 2BJ	£180,000	£178,000	-£2,000	28 Apr 2023	28 Jul 2023	91 Days
42 Chelmarsh Avenue, Wolverhampton, West Midlands, WV3 8JA	£185,000	£175,000	-£10,000	27 Jan 2023	28 Jul 2023	182 Days
15 Old Fallings Lane, Wolverhampton, West Midlands, WV10 8BH	£275,000	£270,000	-£5,000	07 Mar 2023	26 Jul 2023	141 Days
112 Milton Road, Wolverhampton, West Midlands, WV10 0ND	£220,000	£53,000	-£167,000	04 Aug 2022	25 Jul 2023	355 Days
180 Westacre Crescent, Finchfield, Wolverhampton, West Midlands, WV3 9AZ	£230,000	£218,000	-£12,000	19 Apr 2023	21 Jul 2023	93 Days
14 Haywain Close, Wolverhampton, West Midlands, WV9 5QQ	£200,000	£187,000	-£13,000	10 Mar 2023	21 Jul 2023	133 Days
10 Inglewood Avenue, Wolverhampton, West Midlands, WV3 7BP	£220,000	£220,000	£00	05 Apr 2023	20 Jul 2023	106 Days
44 Redhurst Drive, Wolverhampton, West Midlands, WV10 6QW	£200,000	£200,000	£00	16 Feb 2023	18 Jul 2023	152 Days
8 Tynedale Crescent, Wolverhampton, West Midlands, WV4 6RH	£257,500	£257,500	£00	27 Apr 2023	17 Jul 2023	81 Days

Most Expensive Streets in Wolverhampton

Postcode	Street	Area	Average	No. of Sales
WV6 8SQ	Wrottesley Road	Tettenhall	£885,000	2
WV6 8TL	Henry Fowler Drive	Wolverhampton	£860,000	1
WV6 9PH	Stockwell End	Wolverhampton	£857,500	2
WV6 8HW	Mount Road	Tettenhall Wood	£776,250	2
WV6 9BN	Wergs Road	Tettenhall	£770,000	1
WV6 9PB	Malthouse Lane	Tettenhall	£765,000	1
WV4 5HW	The Avenue	Penn	£753,500	2
WV6 8DN	Perton Road	Wolverhampton	£740,000	4
WV3 8BJ	Coppice Road	Wolverhampton	£727,500	2
WV4 5HR	Vicarage Road	Penn	£725,000	2

Least Expensive Streets in Wolverhampton

Postcode	Street	Area	Average	No. of Sales
WV10 0HU	Longfield House	Tithe Croft	£32,000	1
WV4 6AQ	Grafton House	Olive Avenue	£35,000	1
WV1 4QQ	Wrekin View	Waterloo Road	£42,999	2
WV11 1XD	St. Cecilia's	Okement Drive	£45,395	12
WV11 1XE	St. Cecilia's	Okement Drive	£48,533	15
WV1 4SS	Malcolm Court	Lower Vauxhall	£50,375	8
WV11 1UZ	Okement Drive	Wednesfield	£51,000	1
WV4 6EE	Parkfield Road	Wolverhampton	£51,165	12
WV1 1QJ	Birch Court	Boscobel Crescent	£51,500	1
WV2 3DR	Dudley Road	Wolverhampton	£52,800	1