The average property price in North East region is £157k. The average price declined by £-2.2k (-1%) over the last twelve months. The price of an established property is £149k. The price of a newly built property is £227k. There were 27.6k property sales and sales dropped by 21.3% (-8.3k transactions). Most properties were sold in the £50k-£100k price range with 7175 (26.0%) properties sold, followed by £100k-£150k price range with 6858 (24.8%) properties sold.
North East region | England and Wales |
|---|---|
£157kaverage property price | £298kaverage property price |
-1%average price percentage change | 2%average price percentage change |
£-2.2kaverage price change | £5.1kaverage price change |
This price map shows the average property price in a given county between August 2019 - July 2020. The most affordable place was 'Durham' with the average price of £138k. The most expensive place was 'Northumberland', £184k.
| County | Average price | % of North East avg. price (£157k) | |
|---|---|---|---|
| Durham | £138k | 88% | |
| Northumberland | £184k | 117% | |
| Tyne and Wear | £167k | 106% | |
Comparison of the average property price and an average price percentage change by region. Price % change compares the average property price between August 2019 - July 2020 to the average price in the previous 12 months. The size of the circle shows the number of property transactions. The bigger the circle the higher the sales volumes in region.
Average price percentage changeWith the average price of £157k, North East is the 1. cheapest region out of 10 England and Wales' regions.
shows a number of properties sold in a given price range between August 2019 - July 2020.
| Property price range | Market share | Sales volumes |
|---|---|---|
| under £50k | 8.3% | 2.3k |
| £50k-£100k | 26.0% | 7.2k |
| £100k-£150k | 24.8% | 6.9k |
| £150k-£200k | 17.4% | 4.8k |
| £200k-£250k | 9.1% | 2.5k |
| £250k-£300k | 5.9% | 1.6k |
| £300k-£400k | 5.0% | 1.4k |
| £400k-£500k | 1.8% | 491 |
| £500k-£750k | 1.3% | 347 |
| £750k-£1M | 0.2% | 68 |
| over £1M | 0.1% | 18 |
August 2019 - July 2020
August 2019 - July 2020
Yearly average nominal house prices adjusted for inflation.
Yearly average nominal prices
Yearly average nominal prices per square meter.
Yearly average nominal prices
Yearly average nominal prices. Graphs shows a difference between house prices of newly built properties and house prices of established residential properties.
Yearly average nominal prices
