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Worcester House Prices Worcester House Prices

The average house price in Worcester is £264,183 using HM Land Registry data.

The average property price increased by £53,686 (23.3%) over the last 5 years and increased by £10,730 (3.93%) over the last 12 months.

Over the last year, there were 1,127 residential property sales – a decrease of 512 transactions (-45.43%) relative to the previous year. The majority of house sales (316) were in the £196,000 - £252,000 range. Then came properties in the £252,000 - £308,000 range, where 224 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 62 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,506 (-2%).

In April 2024, there were 217 new estate agency instructions, 160 agreed home sales and 68 property price reductions.

Neighbouring Areas: Fernhill Heath

Postcodes Covered: WR1, WR2, WR3, WR4, WR5, WR7

5-Year Average Property Prices in Worcester

23.3%

Property prices in Worcester increased by 23.3% 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 Worcester Over the Last Year

3.93%

Property prices in Worcester increased by 3.93% 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 Worcester - 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 Worcester

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 Worcester

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 Worcester

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 Worcester since 1995

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

Recent Property Sales in Worcester

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
41 Cannon Street, Worcester, Worcestershire, WR5 2JP£375,000£370,000-£5,00018 May 202320 Mar 2024307 Days
130 Comer Road, Worcester, Worcestershire, WR2 5JD£280,000£275,000-£5,00003 Jan 202419 Mar 202476 Days
21 Stoneleigh Close, St Peters, Worcester, Worcestershire, WR5 3RQ£400,000£400,000£0024 Oct 202315 Mar 2024143 Days
19 Belmont Street, Worcester, Worcestershire, WR3 8NN£200,000£200,000£0028 Mar 202214 Mar 2024717 Days
Flat 41, Gheluvelt Court, Brook Street, Worcester, Worcestershire, WR1 1JB£70,000£67,500-£2,50022 Jan 202408 Mar 202446 Days
10 Heath Drive, Worcester, Worcestershire, WR5 3TD£300,000£298,000-£2,00003 Nov 202304 Mar 2024122 Days
18 Fox Drive, Worcester, Worcestershire, WR5 3TQ£275,000£275,000£0024 Apr 202329 Feb 2024311 Days
24 Turrall Street, Worcester, Worcestershire, WR3 8AJ£150,000£148,000-£2,00005 Oct 202328 Feb 2024146 Days
17 Southdown Road, Worcester, Worcestershire, WR3 8HX£130,000£124,500-£5,50011 Oct 202327 Feb 2024139 Days
7 Beaver Close, Lower Wick, Worcester, Worcestershire, WR2 4EG£275,000£275,000£0020 Sep 202326 Feb 2024159 Days
36 Ransom Avenue, Worcester, Worcestershire, WR5 3AL£200,000£200,000£0018 May 202323 Feb 2024281 Days
13 Ombersley Road, Worcester, Worcestershire, WR3 7BW£390,000£368,000-£22,00009 Jun 202320 Feb 2024256 Days
9 Spring Bank, Hindlip, Worcester, Worcestershire, WR3 8SD£475,000£450,000-£25,00011 Sep 202320 Feb 2024162 Days
65a, Sidbury, Worcester, Worcestershire, WR1 2HU£115,000£110,000-£5,00024 Jul 202320 Feb 2024211 Days
5 Little Chestnut Street, Worcester, Worcestershire, WR1 1PG£190,000£185,000-£5,00020 Sep 202320 Feb 2024153 Days
6 Grosvenor Walk, Worcester, Worcestershire, WR2 5BJ£180,000£175,000-£5,00021 Nov 202320 Feb 202491 Days
235 Henwick Road, Worcester, Worcestershire, WR2 5PG£475,000£465,000-£10,00021 Oct 202320 Feb 2024122 Days
16 Colesborne Close, Worcester, Worcestershire, WR4 9XF£240,000£220,000-£20,00028 Jul 202319 Feb 2024206 Days
170 Battenhall Road, Worcester, Worcestershire, WR5 2BT£545,000£530,000-£15,00016 Aug 202316 Feb 2024184 Days
22 Hamble Close, Worcester, Worcestershire, WR5 1NF£98,000£98,000£0026 Oct 202316 Feb 2024113 Days

Most Expensive Streets in Worcester

PostcodeStreetAreaAverageNo. of Sales
WR1 3DNBritannia SquareWorcester£1,358,3333
WR1 1HXSt Georges SquareWorcester£859,0005
WR5 2BPBattenhall RoadWorcester£704,5004
WR1 3JSBarbourne TerraceWorcester£704,3333
WR3 7AGPark View TerraceWorcester£700,0003
WR1 3DGBritannia SquareWorcester£670,0004
WR2 4NNMalvern RoadWorcester£663,3333
WR3 8NGRainbow Hill TerraceWorcester£627,5003
WR2 4PJHill View RoadWorcester£624,9005
WR1 3DUAlbany TerraceWorcester£623,0004

Least Expensive Streets in Worcester

PostcodeStreetAreaAverageNo. of Sales
WR1 1RGHomenash HouseSt Georges Lane North£75,95020
WR4 9XHElkstone CloseWorcester£77,8333
WR1 3NJBridge StreetWorcester£78,9378
WR4 9LXCranham DriveWorcester£85,3333
WR5 1NFHamble CloseWorcester£88,1258
WR5 2EDLondon RoadWorcester£90,7504
WR4 9APTeme RoadWorcester£90,8333
WR1 1EEForegate StreetWorcester£92,5833
WR4 9LWRandwick DriveWorcester£94,3333
WR1 1JBBrook StreetWorcester£94,84736

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