Homeowners across the West Midlands have seen thousands of pounds wiped from the values of their properties over the last year. Latest data showed house prices fell across large parts of the region in the 12 months to August.
Dips were more extreme in some areas than others. In the B35 Birmingham postcode area, which includes Castle Vale, average prices plummeted by over £40,000.
While in B62 Halesowen, the typical value dropped by almost £30,000. The figures are based on property sales in each area over the 12-month period.
The overall trend was one of falling house prices, though there are some areas where they grew in 2023/24. But homeowners in large swathes of Birmingham and the Black Country may be alarmed to how much houses are being sold for on their doorstep.
Richard Donnell predicts house prices will fall by 22%
Compared with the previous year, it could result in them losing thousands of pounds and potentially impact where they can move to in future. Areas including Perry Barr, Erdington and Winson Green saw average prices fall.
While in the Black Country, this was also the case in places like Halesowen, Oldbury and large parts of Wolverhampton.
Birmingham postcodes where house prices have fallen
- B20 Birchfield – £248,000 to £240,000
- B42 Perry Barr – £222,000 to £217,000
- B44 Perry Barr – £200,000 to £196,000
- B23 Erdington – £187,000 to £181,000
- B24 Erdington – £228,000 to £223,000
- B35 Castle Vale – £197,000 to £156,000
- B36 Castle Bromwich – £253,000 to £245,000
- B34 Shard End – £211,000 to £208,000
- B25 Yardley – £204,000 to £191,000
- B10 Small Heath – £186,000 to £180,000
- B27 Acocks Green – £223,000 to £214,000
- B28 Hall Green – £297,000 to £286,000
- B11 Sparkhill – £181,000 to £176,000
- B17 Harborne – £387,000 to £376,000
- B18 Winson Green – £187,000 to £168,000
- B19 Lozells – £179,000 to £166,000
- B32 Woodgate – £238,000 to £229,000
Black Country
- B62 Halesowen – £302,000 to £274,000
- B68 Oldbury – £233,000 to £224,000
- B69 Oldbury – £203,000 to £201,000
- B65 Rowley Regis – £210,000 to £206,000
- B64 Cradley Heath – £208,000 to £195,000
- DY4 Tipton – £182,000 to £178,000
- DY5 Brierley Hill – £204,000 to £192,000
- DY6 Kingswinford – £275,000 to £272,000
- WS9 Aldridge – £307,000 to £301,000
- WS4 Rushall, Walsall – £232,300 to £228,000
- WS2 Pleck, Walsall – £168,000 to £164,000
- WV13 Wolverhampton – £188,000 to £179,000
- WV12 Wolverhampton – £202,000 to £199,000
- WV11 Wednesfield, Wolverhampton – £223,000 to £216,000
- WV10 Wolverhampton – £219,000 to £216,000
- WV3 Wolverhampton – £244,000 to £235,000
Contact one of our highly experienced mortgage advisors today on 0121 500 6316 to discuss your mortgage needs.
