According to Rightmove, the average property price in West Bromwich is £197,582.
The property portal site shows the most popular sales in West Bromwich over the last 12 months were semi-detached homes, which sold for £220,448 on average. Meanwhile, terraced properties cost £181,795, and flats cost £97,204.
Rightmove puts sold price growth in West Bromwich at 4% over the last year. Prices are 26% higher than they were during the 2020 peak.
In comparison, the UK House Price Index shows the average UK house price is £291,044, making West Bromwich significantly cheaper than the rest of the country.
The same index shows the average price for the West Midlands is £253,519. As such, West Bromwich is also less expensive than the region as a whole. Those who are interested in other parts of the Midlands could be interested in finding out more about Leicester property investment.
In addition, the West Midlands is forecast to enjoy capital growth of 20.2% by 2028 (according to Savills Residential Market Forecast), higher than the national average.
Rising inflation and interest rates have slowed price growth in the region to 1.10%.