West Midlands Vendors - Local Property Prices

Given 2020 has started with a wave of optimism surrounding the property market, it is crucial to stay informed with what local property prices are. We are pleased to say we have helped many West Midlands vendors sell their home, and placing an accurate value on property is an integral part of the sales process. If you want to make an informed decision when selling your home, make sure you get in touch with Innovate Estate Agents.

According to Zoopla, as of early February 2020, the average price paid for property in the West Midlands over the past 12 months is 228,104 pounds.

This is useful information for many people, but if you are making a specific move in or around the West Midlands, you need more specific information. Looking at the average price paid per property type is likely to be more illuminating for your needs.

How much should buyers expect to pay in the West Midlands?

As of February 2020, the average price paid for flats in the West Midlands over the past 12 months is 136,454 pounds. For the same period, the average price paid for terraced properties in the West Midlands is 166,949 pounds. For semi-detached properties, the price is 203,759 pounds , and for detached properties, the average price paid over the past 12 months is 349,315 pounds.

If you prefer to focus on the house prices stated by Rightmove, they list the average price paid for property in the West Midlands in the past year as being 228,981 pounds. This is close to the figure stated by Zoopla, so if you are looking for a base figure for West Midlands property prices, a value of around 228,500 pounds is a fair starting point.

Rightmove points out most of the property sales in the West Midlands in the past year focuses on semi-detached properties, with an average price of 203,793 pounds. Again, this is a figure which is very close to the Zoopla figure, so there is parity in the analysis of the West Midlands market across the leading property portals.

We cover many areas in the West Midlands

Of course, the West Midlands is a large area, covering a lot of property types and values. As a local agent, we are pleased to offer specialist support in key areas; with the B68 postcode being an area we are active in. We have helped many vendors in Sandwell, Dudley and Birmingham; and we look forward to assisting you.

According to Zoopla, the average price paid for property in the B68 postcode area, over the past 12 months is 169,995 pounds. The average value is listed as 178,828 pounds. For property types, the average price paid over the past 12 months is as follows:

Flats: 84,682 pounds

Terraced properties: 144,667 pounds

Semi-detached properties: 181,913 pounds

Detached properties: 264,138 pounds

If you plan on selling your West Midlands home in 2020, please get in touch with Innovate Estate Agents. We can arrange a property valuation for you, and we can take you from start to end when it comes selling your home. Whatever move you wish to make in the West Midlands this year, we can help.