Feb 07, 2023 by HM

House prices in Birmingham (B23 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Birmingham (B23 7).

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Price per square metre

Knowing the average house price in Birmingham is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 147, Slade Road, Birmingham, sold for £106,000 on Oct-2023. Given the internal area of 79 square metres, the price per sqm is £1,341.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £1,900-£2,000, £2,000-£2,100, £2,100-£2,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 365 sales in Birmingham (B23 7) that took place in the last two years.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

That said, the spread of prices will give you a feel of the typical range to expect in Birmingham (B23 7). Of the 365 transactions, half were sold for between £1,730 and £2,470 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,470m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'B23 7' is £2,040. The table below shows how 'B23 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B23 7 Birmingham	£1,730m2	£2,040m2	£2,470m2
B23 5 Birmingham	£2,210m2	£2,580m2	£2,980m2
B23 6 Erdington	£1,850m2	£2,130m2	£2,400m2

Will Birmingham house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for B23 7 (Birmingham). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for B23 7 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Birmingham and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Birmingham data or any other data I am given.

Price map for Birmingham

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Birmingham. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values. I will explain more about the methodology and create a key next week.

House price heatmap for Birmingham

Street level data

Street	Avg size	Avg £/m2	Recent sales
Hillaries Road, Birmingham, B23 7Q	115m2	£1,742	35
Ivyfield Road, Birmingham, B23 7H	60m2	£1,937	28
North Park Road, Birmingham, B23 7Y	63m2	£1,845	19
Rosary Road, Birmingham, B23 7R	79m2	£1,778	19
Lakeside Walk, Birmingham, B23 7Y	58m2	£1,739	19
Woolmore Road, Birmingham, B23 7E	83m2	£2,583	18
Perry Common Road, Birmingham, B23 7A	83m2	£2,148	18
St Thomas Road, Birmingham, B23 7R	79m2	£1,824	18

Search for your street here.

Raw data

Our analysis of Birmingham is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	m2	£/m2
147, Slade Rd, Birmingham	£106,000 Oct-2023	79	1,341
224, Ivyfield Rd, Birmingham	£55,000 Oct-2023	57	964
26, Rosary Rd, Birmingham	£123,000 Oct-2023	79	1,556

See the entire list of all sales in Birmingham (B23 7) here.