Feb 07, 2023 by HM

House prices in Halesowen (B62 9)

This article reveals price per square metre data and various charts to help you understand current housing market in Halesowen (B62 9).

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Price per square metre

Knowing the average house price in Halesowen 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. 279, Spies Lane, Halesowen, sold for £175,000 on Oct-2023. Given the internal area of 65 square metres, the price per sqm is £2,692.

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. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 244 sales in Halesowen (B62 9) 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 Halesowen (B62 9). Of the 244 transactions, half were sold for between £2,200 and £3,350 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,350m². 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 'B62 9' is £2,840. The table below shows how 'B62 9' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B62 0 Romsley	£2,970m2	£3,400m2	£4,010m2
B62 9 Halesowen	£2,200m2	£2,840m2	£3,350m2
B62 8 Halesowen	£2,330m2	£2,860m2	£3,350m2

Will Halesowen 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 B62 9 (Halesowen). 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 B62 9 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Halesowen 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 Halesowen data or any other data I am given.

Price map for Halesowen

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 Halesowen. 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 Halesowen

Street level data

Street	Avg size	Avg £/m2	Recent sales
Woodbury Road, Halesowen, B62 9A	91m2	£3,060	17
Spies Lane, Halesowen, B62 9S	99m2	£3,496	15
Green Lane, Halesowen, B62 9L	84m2	£1,877	14
Middlefield Avenue, Halesowen, B62 9Q	97m2	£2,570	14
Beaumont Road, Halesowen, B62 9H	78m2	£1,976	14
Nimmings Road, Halesowen, B62 9J	83m2	£1,675	14
Summerfields Avenue, Halesowen, B62 9N	95m2	£2,639	14
Clifton Road, Halesowen, B62 9H	65m2	£2,679	13

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Thomson Grove, Halesowen, B62 9J	92m2	£2,953	22
Vickers Close, Halesowen, B62 9L	84m2	£2,981	17
Palladium Drive, Halesowen, B62 9J	106m2	£2,664	14

Thomson Grove, Halesowen, B62 9J has seen 22 new build sales in the last 4 years (average price £246,907). These new build homes typically have an internal area of 92 m2, with an average price of £2,953 m2. This £sqm average is £113 above the average for B62 9. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Halesowen 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
279, Spies Lane, Halesowen	£175,000 Oct-2023	65	2,692
7, Round Hill Terrace, Halesowen	£177,000 Sep-2023	78	2,269
5a, Linden Avenue, Halesowen	£225,000 Sep-2023	46	4,891

See the entire list of all sales in Halesowen (B62 9) here.