The B94 postcode on the outskirts of Solihull, which includes the exclusive villages of Earlswood and Hockley Heath, has seen average property values fall by £110,000 over the 12 months to July 2026. According to data cited by Birmingham Live, the average home in this affluent area dropped from £746,000 to £636,000, a decline of more than 14%.
Despite the significant reduction, buyers would still need more than half a million pounds to purchase a property in this part of the West Midlands. The neighbouring B93 Knowle postcode also experienced a notable fall, with average prices dropping from £649,000 to £609,000 over the same period.
What the falling prices mean for buyers and sellers
The downward trend could make existing homeowners reluctant to put their properties on the market while values are still declining, potentially reducing the supply of homes for sale in these villages. Conversely, potential buyers may view the current market as an opportunity to invest in what remains one of the most expensive and desirable areas in the region.
Local property experts, however, caution that the relatively small number of sales in rural postcodes can significantly skew average figures. While the data indicates the direction of house price movements, the averages may not fully reflect the range of prices achieved across individual properties in B94 and B93.
Context within the wider West Midlands market
The B94 postcode is widely regarded as one of the most affluent and expensive parts of the West Midlands, with its leafy villages and proximity to Solihull town centre contributing to its premium status. The £110,000 drop represents one of the largest absolute falls in the region, yet the area still commands prices well above the West Midlands average.
For comparison, the B93 Knowle postcode, which covers the historic village of Knowle, saw a more modest decline of £40,000 over the same 12-month period. This suggests that while the wider area is experiencing downward pressure, the scale of the fall varies significantly between neighbouring postcodes.
Looking ahead for the local property market
The data, reported by Birmingham Live's Agenda Editor Richard Guttridge, highlights how even the most desirable addresses are not immune to broader market conditions. Whether the trend continues will depend on factors such as interest rates, buyer confidence, and the volume of properties coming to market in these rural villages.
For now, the figures point to a market in transition, with sellers in B94 and B93 facing a choice between accepting lower prices or waiting for conditions to improve. Buyers, meanwhile, may find that the premium for living in one of the West Midlands' most sought-after areas has become slightly more attainable.
