The average property value in Sandwell is £178,662 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 Sandwell grew by £14,519. Compare house prices by area
Average property prices in Sandwell grew by 8.8% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 4.1% per year.
If prices in Sandwell continue to rise by 4.1% a year, the average property price will be £209,533 in 2025.
There were 2,465 property sales in Sandwell in the year ending June 2021, a decrease of 146 when compared to the previous year.
The average price for a house in Sandwell ranges from £159,053 for a terraced house to £270,005 for a detached house, with semi-detached in between costing on average £182,160.
The average price for a flat or maisonette in Sandwell is £87,205.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Sandwell, 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 42.1% from £190,010 to £270,005, semi-detached house prices have risen 51.7% from £120,098 to £182,160, terraced house prices have risen 46.2% from £108,765 to £159,053, and flat prices have risen 11.0% from £78,588 to £87,205.
The most common type of property sold in Sandwell during the year ending June 2021 was semi-detached houses, which accounted for 44.4% of properties.
The least commonly available type of property sold in Sandwell were flats, which account for 8.4% of properties sold.
Of the properties sold in Sandwell during 2021, 0.7% were new build properties.
The average price paid for a new build property in Sandwell was £30,283 lower than the average price paid for an existing property.
Of the new build properties sold, the most common type was semi-detached houses (58% of new build properties sold). For existing properties, the most common type is semi-detached houses (44% of existing properties sold).
The most common price band for property sales in Sandwell is £150k - £200k, which accounted for 23.7% of properties sold in 2021.
The cheapest properties in Sandwell were in the under £50k price bracket, accounting for 0.4% 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