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Wombourne House Prices

The average house price in Wombourne is £254,000 using HM Land Registry data.

The average property price increased by £72,052 (28.15%) over the last 5 years and increased by £14,400 (4.59%) over the last 12 months.

Over the last year, there were 113 residential property sales – a decrease of 73 transactions (-64.60%) relative to the previous year. The majority of house sales (36) were in the £232,000 - £304,000 range. Then came properties in the £304,000 - £376,000 range, where 25 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 134 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,696 (-2%).

In April 2024, there were 17 new estate agency instructions, 21 agreed home sales and 16 property price reductions.

5-Year Average Property Prices in Wombourne

28.15%

Property prices in Wombourne increased by 28.15% 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 Wombourne Over the Last Year

4.59%

Property prices in Wombourne increased by 4.59% 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 Wombourne - 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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 Wombourne

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 Wombourne

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 Wombourne

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 Wombourne since 1995

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

Recent Property Sales in Wombourne

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
33 Strathmore Crescent, Wombourne, Wolverhampton, Staffordshire, WV5 9AY	£285,000	£270,000	-£15,000	12 Sep 2023	09 Feb 2024	150 Days
4 Lockside, Wombourne, Wolverhampton, Staffordshire, WV5 8AU	£275,000	£250,000	-£25,000	25 Oct 2023	26 Jan 2024	93 Days
12 Mount Road, Wombourne, Wolverhampton, Staffordshire, WV5 9EP	£299,950	£295,000	-£4,950	21 Aug 2023	19 Jan 2024	151 Days
25 The Broadway, Wombourne, Wolverhampton, Staffordshire, WV5 0HS	£395,000	£385,000	-£10,000	12 May 2023	12 Jan 2024	245 Days
5 Mount Close, Wombourne, Wolverhampton, Staffordshire, WV5 9ER	£250,000	£245,000	-£5,000	11 Sep 2023	15 Dec 2023	95 Days
53 Bumblehole Meadows, Wombourne, Wolverhampton, Staffordshire, WV5 8BG	£240,000	£239,000	-£1,000	13 Jul 2022	15 Dec 2023	520 Days
60 Meadow Lane, Wombourne, Wolverhampton, Staffordshire, WV5 9BU	£260,000	£260,000	£00	26 Jul 2023	11 Dec 2023	138 Days
9 Bull Meadow Lane, Wombourne, Wolverhampton, Staffordshire, WV5 9DE	£279,950	£272,000	-£7,950	23 May 2023	01 Dec 2023	192 Days
11 Ednam Grove, Wombourne, Wolverhampton, Staffordshire, WV5 9AZ	£315,000	£307,500	-£7,500	09 May 2023	24 Nov 2023	199 Days
48 Meadow Lane, Wombourne, Wolverhampton, Staffordshire, WV5 9BU	£219,950	£200,000	-£19,950	08 Jun 2023	14 Nov 2023	159 Days
90 Station Road, Wombourne, Wolverhampton, Staffordshire, WV5 9EN	£550,000	£530,000	-£20,000	02 Nov 2023	13 Nov 2023	11 Days
48 Common Road, Wombourne, Wolverhampton, Staffordshire, WV5 0EZ	£315,000	£315,000	£00	17 Aug 2023	10 Nov 2023	85 Days
66 Bratch Lane, Wombourne, Wolverhampton, Staffordshire, WV5 8DW	£380,000	£375,000	-£5,000	31 Oct 2022	09 Nov 2023	374 Days
20 Millfields Way, Wombourne, Wolverhampton, Staffordshire, WV5 8HW	£215,000	£205,000	-£10,000	28 Jun 2023	03 Nov 2023	128 Days
36 The Broadway, Wombourne, Wolverhampton, Staffordshire, WV5 0HY	£295,000	£295,000	£00	13 Feb 2023	31 Oct 2023	260 Days
3 Blakeley Heath Drive, Wombourne, Wolverhampton, Staffordshire, WV5 0HW	£270,000	£265,000	-£5,000	28 Mar 2023	27 Oct 2023	213 Days
1 Balmoral Drive, Wombourne, Wolverhampton, Staffordshire, WV5 9AX	£275,000	£262,000	-£13,000	09 May 2023	23 Oct 2023	167 Days
22 Bridgnorth Road, Wombourne, Wolverhampton, Staffordshire, WV5 0AA	£625,000	£560,000	-£65,000	05 May 2023	20 Oct 2023	168 Days
23 Quendale, Wombourne, Wolverhampton, Staffordshire, WV5 8JZ	£225,000	£222,500	-£2,500	13 Jun 2023	06 Oct 2023	115 Days
4 Ednam Grove, Wombourne, Wolverhampton, Staffordshire, WV5 9AZ	£325,000	£307,000	-£18,000	30 Jun 2023	04 Oct 2023	96 Days

Most Expensive Streets in Wombourne

Postcode	Street	Area	Average	No. of Sales
DY3 4PL	Chapel Lane	Swindon	£651,666	3
WV5 0LB	Sytch Lane	Wombourne	£641,666	6
WV4 4XA	Orton Lane	Wolverhampton	£576,666	3
WV5 9EU	Mount Road	Wombourne	£561,666	3
WV5 8AZ	Pool House Road	Wombourne	£536,875	4
WV5 8AH	Hellier Drive	Wombourne	£479,625	4
WV5 0JP	Sytch Lane	Wombourne	£466,166	6
WV5 0LH	Copper Beech Drive	Wombourne	£447,000	5
WV5 0NT	Peartree Drive	Wombourne	£446,241	12
WV5 9DR	Rees Drive	Wombourne	£433,125	4

Least Expensive Streets in Wombourne

Postcode	Street	Area	Average	No. of Sales
WV5 9DG	Manor Gardens	Wombourne	£111,125	4
WV5 0NE	Common Road	Wombourne	£125,812	4
WV5 0AG	Dean Road	Wombourne	£133,890	5
WV5 0NN	Cygnet Court	Wombourne	£142,549	9
WV5 0EB	Lamb Crescent	Wombourne	£150,166	3
WV5 8HP	Millfields Way	Wombourne	£155,790	5
WV5 9DY	Wood Road	Wombourne	£161,033	6
WV5 9DP	High Street	Wombourne	£165,366	3
WV5 8HT	Swinford Leys	Wombourne	£175,583	6
WV5 0NH	Dickinson Road	Wombourne	£175,712	8