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Is the Wolverhampton Property Market a Buyers’ or Sellers’ Market?
Are you a Wolverhampton homeowner considering a move in the next six to twelve months? Perhaps you're a buy-to-let landlord weighing up whether to expand or streamline your portfolio? Or maybe you’re a first-time buyer wondering if now is the right moment to take the plunge?
Whatever your position, knowing whether the Wolverhampton market is currently favouring buyers or sellers will help you make informed decisions.
For those who regularly follow our Wolverhampton property market updates, you'll know that the best way to measure whether we are in a buyers', balanced, or sellers' market is to analyse the proportion of properties marked as "Sold STC" or "Under Offer" compared to the total number of properties on the market.
For instance, if there are 300 Wolverhampton properties on the market, of which 100 properties are sold stc/under offer and 200 available properties, 100 as a percentage of 300, equates to 33.3%.
This percentage figure acts as a barometer for market conditions and can be analysed using this table:
- Extreme Buyers' Market (0%-20%)
- Buyers' Market (21%-29%)
- Balanced Market (30%-40%)
- Sellers' Market (41%-49%)
- Hot Sellers' Market (50%-59%)
- Extreme Sellers' Market (60%+)
How Does Wolverhampton Compare?
Looking at historical data from the website, The Advisory, which has tracked this metric for years, we can observe some key trends for each February. (For this exercise, Wolverhampton is WV1-4/6/10/11).
- In the years before the pandemic (2018/19/20), Wolverhampton’s market hovered between 39% to 43% (remember the pandemic started in March 2020).
- Demand rebounded post pandemic sharply in the summer of 2020, and continued into 2021 and 2022. In February 2021, the percentage had risen to 63% and in February 2022, it was at 71%.
- However, with the fallout of the Liz Truss and Kwasi Kwarteng budget in late 2022, by the time we got to February 2023, it had settled down to 48%. By February 2024, the figure had softened slightly to 45%.
- Now, in February 2025, we see the figure sitting at 47%.
Implications for the Wolverhampton Property Market in 2025
For sellers: We are now in a Wolverhampton property market where patience and strategy are essential. Buyers have more choice (as we have spoken about many times recently in our Wolverhampton property market blog posts), meaning sellers must focus on pricing realistically and ensuring their home stands out. Overpricing will lead to extended time on the market (which seriously cuts down your chances of both selling and eventually getting your sale to exchange and completion).
That being said, well-presented and appropriately priced Wolverhampton homes continue to attract solid interest. With mortgage rates stabilising, there is confidence among buyers—but they are taking their time to make decisions. A proactive marketing approach, including virtual tours, strong photography, and digital exposure, will be key to securing a sale in a reasonable timeframe.
For Wolverhampton buyers: Those in the market for a Wolverhampton property in 2025 will find they have a little more breathing space compared to the frenzied activity of 2021/22. While desirable properties still attract competition, there are opportunities to negotiate on price or secure favourable terms, particularly on homes that have been on the market for a while.
We cannot stress the importance for any buyer to get your mortgage pre-approved before you start offering, as it seriously strengthens your position when making an offer. Also, consider broadening your search slightly—sometimes the best value can be found just outside the most sought-after areas.
With a new Government settling in and wider economic factors at play, there is much to consider for those looking to buy or sell in Wolverhampton this year. The property market remains resilient, but expectations need to be adjusted to this more stable, ‘normal’ environment.
Are you planning to move in 2025? What are your thoughts on how the Wolverhampton property market will evolve? We'd love to hear your insights.
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The UK housing market has always been subject to government policy announcements, outside forces of economics, and consumer confidence fluctuations. After a turbulent 2024, there is evidence that 2025 will provide more stability and growth—particularly in areas such as Wolverhampton, where affordability, high demand, and improved financial situations are coming together to create a helpful background for sellers and buyers alike.
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Last week, the Bank of England's interest rate dropped to 4.5%, marking its third cut in under a year. This decision follows a previous reduction in November 2024, with the rate remaining unchanged in December. While most of the Bank’s policymakers supported the move to 4.5%, a minority favoured a more aggressive cut to 4.25%, highlighting the ongoing uncertainty surrounding the UK economy.
The decision is widely seen as a positive step for the housing market. Lower borrowing costs could improve affordability, boosting confidence for homebuyers and those looking to remortgage. Activity levels in the property sector have already shown improvement, with increased buyer registrations at the start of the year. However, while sentiment may improve, the immediate effect on mortgage rates is expected to be gradual as lenders respond cautiously to the new environment.
The trajectory of further interest rate cuts will depend on broader economic stability. Although inflation is lower than last year, it remains a key factor influencing future monetary policy. While there is optimism that additional cuts could follow in 2025, economic volatility means nothing is guaranteed.
The latest rate cut is expected to boost confidence in the property sector.
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Welcome back to news of Wolverhampton's property market, where each week we bring you different local property market stats and trends. This week we are back again with the February's £/sq.ft statistics.
The average property presently in Wolverhampton is on the market for £271 per square foot, a figure representing the current heartbeat of Wolverhampton's property market.
Last month it was £269 per square foot.
That doesn’t mean Wolverhampton's house prices have changed by that percentage, just the mix of properties for sale, thus changing the £/sq.ft figure. This snapshot is crucial for Wolverhampton homeowners and landlords; it's not just a number but a story of our community's property market.
Each month, we will revisit that figure and use it to gauge the health of our local property market.
Are you keen to know how your home aligns with these trends?
At Skitts, we invite you to a no obligation chat about your property's potential value – no strings attached.
Stay informed, stay ahead, and stay connected with Wolverhampton's property market beat.
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If you’re a homeowner in Wolverhampton thinking of selling your property, you have probably wondered how long it will take to find a buyer.
The timeline for selling a home varies depending on factors such as property type, price, and market conditions. Fortunately, we’ve compiled the latest statistics for 614 Wolverhampton homes that have sold stc in the last 3 months, split down by type (detached houses, semi-detached homes, terraced houses, and flats) to give you a clear picture.
