The average property value in Redditch is £254,882 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Redditch grew by £23,231. Compare house prices by area
Average property prices in Redditch grew by 10.0% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 4.5% per year.
If prices in Redditch continue to rise by 4.5% a year, the average property price will be £304,310 in 2025.
There were 1,086 property sales in Redditch in the year ending June 2021, a decrease of 106 when compared to the previous year.
The average price for a house in Redditch ranges from £185,495 for a terraced house to £353,756 for a detached house, with semi-detached in between costing on average £227,002.
The average price for a flat or maisonette in Redditch is £126,146.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Redditch, semi-detached house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 48.9% from £237,503 to £353,756, semi-detached house prices have risen 52.1% from £149,269 to £227,002, terraced house prices have risen 49.7% from £123,936 to £185,495, and flat prices have risen 35.5% from £93,098 to £126,146.
The most common type of property sold in Redditch during the year ending June 2021 was detached houses, which accounted for 35.9% of properties.
The least commonly available type of property sold in Redditch were flats, which account for 7.2% of properties sold.
Of the properties sold in Redditch during 2021, 0.0% were new build properties.
The most common price band for property sales in Redditch is £200k - £300k, which accounted for 26.8% of properties sold in 2021.
The cheapest properties in Redditch were in the £50k - £100k price bracket, accounting for 0.9% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics