Since January 2020, an average of 22.2% of Wolverhampton homes on the market have sold STC each month

For some comparison, the lowest month since 2020, as expected, was the first month of lockdown, April 2020, when it was 4.4%. The highest month was March 2022, when it was 35.9%. In March 2025, that figure was 20.5%.

A closer look at this data reveals how the market has shifted and underlines the importance of sensible pricing—particularly now that the supply of homes has nearly doubled since Easter 2022.

• In 2020, Wolverhampton had an average of 1,285 homes for sale, with 277 selling STC each month. That means 21.6% of Wolverhampton homes on the market found a buyer each month.

• In 2021, Wolverhampton had an average of 1,016 homes for sale, with 303 selling STC each month. That means 29.8% of Wolverhampton homes on the market found a buyer each month.

• In 2022, Wolverhampton had an average of 997 homes for sale, with 255 selling STC each month. That means 25.5% of Wolverhampton homes on the market found a buyer each month.

• In 2023, Wolverhampton had an average of 1,440 homes for sale, with 242 selling STC each month. That means 16.8% of Wolverhampton homes on the market found a buyer each month.

• In 2024, Wolverhampton had an average of 1,491 homes for sale, with 275 selling STC each month. That means 18.5% of Wolverhampton homes on the market found a buyer each month.

• In Q1 2025, Wolverhampton had an average of 1,442 homes for sale, with 278 selling STC each month. That means 19.3% of Wolverhampton homes on the market found a buyer each month.

The Evolution of the Wolverhampton Market (2020–2025)

Between January 2020 and February 2020, the Wolverhampton property market (covering WV1/2/3/4/6/10/11) experienced relative stability. Things changed dramatically with the arrival of COVID-19 in March 2020. The uncertainty led to a sharp drop in home sales during April and May of that year, as many buyers hesitated amid the economic upheaval.

However, following the lifting of the property market lockdown in May/June 2020, activity rebounded. The number of homes coming onto the market increased, as did the number of Wolverhampton homes selling.

This period was marked by strong demand despite reduced stock levels. The rush was fuelled by demand and the government's stamp duty holiday, encouraging people to move.

As 2022 began, the market began returning to a more typical state. The number of homes coming onto the market increased, yet the number of Wolverhampton homes selling started to stabilise. This meant the number of homes for sale in Wolverhampton started to increase in 2022.

Then came two significant setbacks between late 2022 and early 2023.

Budget Fallout and Rising Interest Rates

The first blow came in autumn 2022 with the Truss government’s mini-budget, severely impacting buyer confidence. Over the months that followed, Wolverhampton's average monthly sales fell. A recovery was underway by spring 2023, with sales rising. But this was short-lived—as interest rates climbed during summer 2023, buyer activity dipped once again, and sales fell.

The number of homes for sale continued to rise in 2024

In the early part of 2024, monthly house sales in Wolverhampton were quite healthy, yet the number of homes for sale was increasing. This jump in supply was due to several factors: sellers trying to cash in on still elevated house prices, a spike in new build activity, landlords selling up because section 24 taxation rules were beginning to bite, or simply more homes returning to the market after failing to sell previously.

Wolverhampton in Context: Comparing Proportions to the UK

A second graph, with a dark background, offers further insights by looking at the percentage of homes sold each month as a share of the total available stock.

The yellow line tracks Wolverhampton’s performance, while the red line shows the UK-wide equivalent.

From Easter 2020 through to early 2022, Wolverhampton saw a surge in the percentage of available homes going under offer, often hitting the low-to-mid 30% range. This supports the earlier data, showing that even though fewer homes were listed, those on the market were snapped up quickly.

Since 2022, that picture has changed. The proportion of homes selling compared to those available has declined steadily in Wolverhampton, now in its low 20% range.

What Does This Mean for Wolverhampton People Looking to Move?

While buyer demand remains steady, the rise in available properties means there is a greater supply of homes to buy. Wolverhampton buyers have more choice.

For Wolverhampton homeowners looking to sell, this means competition is more intense than in previous years. Although buyers are still active, the sheer volume of homes on the market means sellers must be more strategic. A realistic asking price is now more important than ever.

An overpriced home risks being overlooked and left on the market. A well-priced property, on the other hand, stands a better chance of attracting attention and swiftly securing a buyer.

There’s also a practical reason to price sensibly. According to research by Denton House using TwentyEA data, if a property sells within 25 days of coming to market, there's a 94% chance it will go on to complete. However, if it takes more than 100 days to agree on a sale, that figure drops to 56%, with a 44% chance of it falling through.

Wolverhampton's housing market remains active, but sellers face a new reality: the number of available homes has increased since mid-2022. To achieve a successful move, they must be attuned to the market and price their homes realistically.

Understanding local supply and demand – and adjusting expectations accordingly – is now critical. With more choices available to buyers, strategic pricing will separate the homes that sell from those that don't.

If you want more data on the Wolverhampton property market, follow us on social media for weekly updates on our local property market. If you would like an informal, no-cost, and no-obligation chat about the Wolverhampton property market, whether you are a buyer or seller, feel free to drop us a line or send a message on social media.