House prices in Redditch have gone up by an average of over £4,000 in the month of February, according to figures from the Land Registry.

The latest data from the government department reveals that in February 2023 average house prices in Redditch reached £264,543.

This was up from £260,283 in January, representing over a 1.6 per cent increase. In the last 12 months it has risen by 8.1 per cent.

If you are interested in buying or renting a home, you can see the latest properties in and around Redditch here.

How much have house prices increased in Redditch?

Breaking it down for specific types of housing, all prices saw an increase.

  • Detached houses - Up to £431,354 from £422,996 in January
  • Semi-detached houses - Up to £263,640 from £259,690 in January
  • Terraced houses - Up to £205,430 from £202,817 in January
  • Flats - Up to £126,241 from £124,126 in January

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How do Redditch house prices compare to the UK average?

Despite the rise in prices this month, Redditch is still below the UK average with typical property value in the nations reaching £287,506 in February.

In cash terms, the average house price in February was £15,052 higher than a year earlier with house price growth accelerating to 5.5 per cent in February 2023. Prices were down by -1.0 per cent month on month.

How much could your house be worth?

We have created this map for the West Midlands so you can see the average house price in each neighbourhood since 1995.

Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.

The above map can demonstrate which areas of Redditch are the most expensive for average house prices.