Feb 07, 2023 by HM

House prices in Halesowen (B63 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Halesowen (B63 3).

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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. 15, Whitefriars Drive, Halesowen, sold for £221,000 on Aug-2023. Given the internal area of 59 square metres, the price per sqm is £3,745.

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 192 sales in Halesowen (B63 3) 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 (B63 3). Of the 192 transactions, half were sold for between £2,090 and £3,060 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,060m². 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 'B63 3' is £2,640. The table below shows how 'B63 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
B63 3 Halesowen	£2,090m2	£2,640m2	£3,060m2
B63 1 Halesowen	£2,780m2	£3,330m2	£3,770m2
B63 4 Halesowen	£2,350m2	£2,760m2	£3,150m2
B63 2 Halesowen	£2,020m2	£2,440m2	£2,870m2

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 B63 3 (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 B63 3 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
Haden Hill Road, Halesowen, B63 3N	99m2	£2,431	34
Stourbridge Road, Halesowen, B63 3Q	91m2	£2,535	26
Stourbridge Road, Halesowen, B63 3U	71m2	£2,486	19
Bloomfield Street North, Halesowen, B63 3R	73m2	£2,234	16
Princess Crescent, Halesowen, B63 3Q	78m2	£2,477	15
Brett Young Close, Halesowen, B63 3B	55m2	£2,302	15
Whitestone Road, Halesowen, B63 3P	94m2	£2,074	13
Grange Crescent, Halesowen, B63 3E	56m2	£1,969	12

Search for your street here.

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
15, Whitefriars Drive, Halesowen	£221,000 Aug-2023	59	3,745
19, Ashville Drive, Halesowen	£210,000 Aug-2023	83	2,530
9, Harden Manor Court, Halesowen	£135,000 Aug-2023	71	1,901

See the entire list of all sales in Halesowen (B63 3) here.