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Worcester House Prices Worcester House Prices

The average house price in Worcester is £250,187 using HM Land Registry data.

The average property price increased by £52,482 (22.56%) over the last 5 years and increased by £10,491 (3.82%) over the last 12 months.

Over the last year, there were 1,103 residential property sales – a decrease of 486 transactions (-44.06%) relative to the previous year. The majority of house sales (303) were in the £196,000 - £252,000 range. Then came properties in the £252,000 - £308,000 range, where 212 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 72 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,506 (-2%).

In June 2024, there were 202 new estate agency instructions, 170 agreed home sales and 100 property price reductions.

Neighbouring Areas: Fernhill Heath

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

5-Year Average Property Prices in Worcester

22.56%

Property prices in Worcester increased by 22.56% 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

3.82%

Property prices in Worcester increased by 3.82% 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 - June 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
10 Bromsgrove Street, Worcester, Worcestershire, WR3 8AR£189,950£182,500-£7,45022 Sep 202324 May 2024245 Days
36 Deer Avenue, Worcester, Worcestershire, WR5 3TS£340,000£340,000£0002 Aug 202320 May 2024292 Days
23 Sandys Road, Worcester, Worcestershire, WR1 3HE£290,000£290,000£0018 Jul 202317 May 2024304 Days
11 Wells Road, Worcester, Worcestershire, WR5 1NN£115,000£105,000-£10,00026 Dec 202310 May 2024136 Days
38 Victoria Street, Worcester, Worcestershire, WR3 7BD£295,000£290,000-£5,00003 Feb 202408 May 202495 Days
32 Byfield Rise, Worcester, Worcestershire, WR5 1BA£219,000£214,000-£5,00018 Sep 202307 May 2024232 Days
30 Debdale Avenue, Lyppard Woodgreen, Worcester, Worcestershire, WR4 0RP£375,000£375,000£0011 Jul 202303 May 2024297 Days
51 Kirkstone Drive, Worcester, Worcestershire, WR4 9BS£270,000£268,000-£2,00004 Sep 202301 May 2024240 Days
9 Sebright Avenue, Worcester, Worcestershire, WR5 2HH£225,000£150,000-£75,00013 Apr 202101 May 20241114 Days
49 Arundel Drive, Worcester, Worcestershire, WR5 2HU£435,000£430,000-£5,00009 May 202301 May 2024358 Days
15 Primrose Crescent, Worcester, Worcestershire, WR5 3HQ£325,000£315,000-£10,00002 Nov 202330 Apr 2024180 Days
2 Bolston Road, Worcester, Worcestershire, WR5 2JE£290,000£290,000£0031 Jan 202430 Apr 202490 Days
5 Barbourne Lane, Worcester, Worcestershire, WR1 3ET£325,000£325,000£0017 Nov 202330 Apr 2024165 Days
16 Cherington Close, Worcester, Worcestershire, WR4 9XE£220,000£220,000£0018 Jul 202326 Apr 2024283 Days
4 Arden Road, Worcester, Worcestershire, WR5 3BD£325,000£320,000-£5,00030 Nov 202325 Apr 2024147 Days
3 Tench Close, Worcester, Worcestershire, WR5 3FE£375,000£363,000-£12,00027 Dec 202324 Apr 2024119 Days
8 Cartmel Close, Worcester, Worcestershire, WR4 9NT£220,000£212,500-£7,50008 Feb 202423 Apr 202475 Days
4 Sansome Mews, Worcester, Worcestershire, WR1 1PL£210,000£210,000£0029 Dec 202323 Apr 2024116 Days
142 Goldsmith Road, Worcester, Worcestershire, WR4 9JP£190,000£175,000-£15,00003 Nov 202319 Apr 2024168 Days
41 Lowell Street, Worcester, Worcestershire, WR1 1NP£210,000£205,000-£5,00020 Oct 202319 Apr 2024182 Days

Most Expensive Streets in Worcester

PostcodeStreetAreaAverageNo. of Sales
WR1 1HXSt Georges SquareWorcester£859,0005
WR1 3JSBarbourne TerraceWorcester£743,2504
WR5 2BPBattenhall RoadWorcester£704,5004
WR3 7AGPark View TerraceWorcester£700,0003
WR1 3DUAlbany TerraceWorcester£690,6663
WR1 3DGBritannia SquareWorcester£670,0004
WR2 4NNMalvern RoadWorcester£663,3333
WR3 7APRedcliffe StreetWorcester£656,6355
WR3 8PZBeech AvenueWorcester£645,0003
WR2 4PJHill View RoadWorcester£624,9005

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
WR1 1JBBrook StreetWorcester£93,06936
WR4 9LWRandwick DriveWorcester£94,3333

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