Penn, Warstones, Merry Hill, Parkfields

House Prices in WV4

Properties in WV4 have an average house price of £244,003.00 and had 1272 Property Transactions within the last 3 years.
The most expensive property was sold for £1,500,000.00.

Property Price Paid in WV4 by Year

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The average sold property price by year was:

Year Average Sold Price Sold Properties
2026 £250,873.00 136 Properties
2025 £248,107.00 395 Properties
2024 £239,499.00 373 Properties
2023 £241,625.00 368 Properties
2022 £237,136.00 391 Properties
2021 £223,204.00 484 Properties
2020 £197,493.00 363 Properties
2019 £182,995.00 426 Properties
2018 £179,161.00 413 Properties
2017 £179,881.00 473 Properties
2016 £169,404.00 518 Properties
2015 £161,035.00 452 Properties
2014 £155,370.00 393 Properties
2013 £159,444.00 370 Properties
2012 £151,561.00 291 Properties
2011 £151,778.00 329 Properties
2010 £159,347.00 292 Properties
2009 £152,714.00 285 Properties
2008 £155,692.00 312 Properties
2007 £170,644.00 568 Properties
2006 £158,181.00 572 Properties
2005 £149,260.00 450 Properties
2004 £137,258.00 506 Properties
2003 £120,406.00 520 Properties
2002 £100,014.00 513 Properties
2001 £86,377.00 533 Properties
2000 £71,069.00 437 Properties
1999 £68,404.00 539 Properties
1998 £60,648.00 378 Properties
1997 £59,383.00 450 Properties
1996 £59,166.00 460 Properties
1995 £57,753.00 374 Properties

Property Price per Property Type in WV4

Here you can find historic sold price data in order to help with your property search.

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The average Property Paid Price for specific property types in the last three years are:

Property Type Average Sold Price Sold Properties
Detached House £363,377.00 272 Detached Houses
Flat £106,386.00 163 Flats
Semi Detached House £240,090.00 627 Semi Detached Houses
Terraced House £207,887.00 210 Terraced Houses

Houses and Flats for sale in WV4, Penn, Warstones, Merry Hill, Parkfields

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There are 120 results. Property prices in WV4 range from £65k to £739k with an average price of £261k.


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Property market in WV4

Average asking price £258k typical £260k
Most prices £62k – £691k leaving out the extremes
Homes for sale 120 available now
New to the market 34 in the last 30 days
Typical time to sell 3 months last 12 months
Asking prices, year on year +4.2% homes newly listed
Gross rental yield 5.5–7.7% houses 5.5%, flats 7.7%

What's for sale

129 homes · share, count and typical price
Semi-detached houses 41.1% 53 · £280k
Flats and apartments 19.4% 25 · £110k
Detached houses 18.6% 24 · £350k
Terraced houses 10.9% 14 · £195k
Bungalows 8.5% 11 · £325k
Land and plots 0.8% 1 · £170k
Other homes 0.8% 1 · £45k

How many bedrooms

share, count and typical price
1 bedroom 9.4% 12 · £73k
2 bedrooms 19.5% 25 · £115k
3 bedrooms 50.8% 65 · £270k
4 bedrooms 15.6% 20 · £375k
5+ bedrooms 4.7% 6 · £443k

Price bands

129 homes
Under £120k 18.6% 24
£120k – £220k 18.6% 24
£220k – £290k 21.7% 28
£290k – £350k 20.9% 27
£350k and over 20.2% 26

Houses and flats compared

HousesFlats
Share of homes for sale79%19%
Typical asking price£290k£110k
Average bedrooms3.21.6
Typical time to sell3 months9 weeks
Gross rental yield5.5%7.7%

Asking prices over time

typical asking price of the homes first listed each quarter · +10.2% since 2024 Q4 Median asking price per quarter in WV4 2024 Q4: £245k (72 new listings) £245k 2024 Q4 2025 Q1: £220k (73 new listings) £220k 2025 Q1 2025 Q2: £270k (83 new listings) £270k 2025 Q2 2025 Q3: £245k (85 new listings) £245k 2025 Q3 2025 Q4: £230k (64 new listings) £230k 2025 Q4 2026 Q1: £240k (79 new listings) £240k 2026 Q1 2026 Q2: £240k (92 new listings) £240k 2026 Q2 2026 Q3: £270k (92 new listings) £270k 2026 Q3

Prices in and around WV4

typical asking price, cheapest first
  1. WV1 £180k
  2. WV2 £200k
  3. WV14 £225k
  4. WV13 £235k
  5. WV6 £240k
  6. WV3 £260k
  7. WV4 £260k
  8. DY3 £290k

Schools in WV4

8 primary · 3 secondary · 87% rated good or outstanding
  • Hill Avenue Academy primary · Outstanding
  • Spring Vale Primary School primary · Outstanding
  • Highfields School secondary · Good
  • Colton Hills Community School secondary · Good
  • Springdale Primary School primary · Good
  • The Khalsa Academy Wolverhampton secondary · Good

Based on 129 homes for sale on Houses now, 314 listings that left the market in the last 12 months, the asking prices of the homes listed over the last two years. Sold prices: HM Land Registry Price Paid Data, Aug 2025 to Jul 2026 (Crown copyright). Schools: Ofsted. Updated October 2026.


Frequently Asked Questions about WV4


What is the average house price in WV4?

The average home for sale in WV4 is priced at £258,000. A typical home, the one in the middle of the range, is £260,000. This is based on the 129 homes for sale on Houses right now.


How much does a 2 or 3 bedroom home cost in WV4?

A typical 2-bedroom home in WV4 costs £115,000 and a 3-bedroom home £270,000. So the extra bedroom adds about £155,000. 1-bedroom homes start at around £73,000, and 4-bedroom homes are about £375,000.


What price range should I expect in WV4?

Most homes in WV4 are priced between £62,000 and £691,000, leaving out the very cheapest and most expensive. One in five costs less than £120,000, and one in five £350,000 or more.


How many homes are for sale in WV4?

There are 120 homes for sale in WV4 on Houses right now. 34 new listings came onto the market in the last 30 days.


Are house prices going up in WV4?

Yes. Homes put up for sale in WV4 over the last 12 months were advertised at a typical £250,000, 4.2% higher than the year before (£240,000). By size, 3-bedroom homes are up 2%.


How long does it take to sell a home in WV4?

Homes usually sell or come off the market within about 3 months. About 28% go within the first month, and a quarter take longer than about 7 months. Flats go faster, in about 9 weeks against about 3 months for houses.


What rental yield can I get in WV4?

About 7.7% gross for flats and 5.5% for houses. That compares typical rents with what flats and houses actually sold for in WV4 over the last year. Running costs, voids and mortgage interest are not taken off.


What type of homes are for sale in WV4?

Semi-detached houses are the most common, about 4 in 10 homes for sale in WV4. Flats and apartments come next, followed by detached houses. Flats and apartments are the cheapest, at about £110,000, and detached houses the most expensive, at about £350,000.


Where are the cheapest places to buy near WV4?

Of the areas around WV4, WV1 is the cheapest, with a typical asking price of £180,000, followed by WV2 (£200,000) and WV14 (£225,000). WV4 itself is £260,000.


Are homes in WV4 freehold or leasehold?

About 8 in 10 homes for sale in WV4 are freehold and the rest leasehold, which is mostly flats.


What are the schools like in WV4?

There are 8 primary and 3 secondary schools in WV4. 87% of those inspected by Ofsted were rated good or outstanding, and 3 were outstanding.


Which areas are included in the WV4 postcode district?

The main areas within WV4 include Penn, Warstones, Merry Hill and Parkfields.


What has been the average sold property price in WV4 over the last three years?

Semi Detached Houses in WV4 have an average sold price of £240,090, while Detached Houses have an average of £363,377. Terraced Houses have an average of £207,887 and Flats have an average of £106,386. The average sold property price in WV4 over the last three years is approximately £246,160.