The average property price in North East region is £164k, the median price is £132k. The average price declined by £-13.2k (-7%) over the last twelve months. The price of an established property is £162k. The price of a newly built property is £264k. There were 29.4k property sales and sales dropped by 18.3% (-7.6k transactions). Most properties were sold in the £50k-£100k price range with 8096 (27.6%) properties sold, followed by £100k-£150k price range with 7745 (26.4%) properties sold.
| Price | North East region | England & Wales |
|---|---|---|
| average | █ £164k | £326k |
| median | █ £132k | £245k |
This price map shows the average property price in a given county between July 2021 - June 2022. The most affordable place was 'Durham' with the average price of £144k. The most expensive place was 'Northumberland', £200k.
| County | Average price | % of North East avg. price (£164k) | |
|---|---|---|---|
| Durham | £144k | 88% | |
| Northumberland | £200k | 122% | |
| Tyne and Wear | £173k | 106% | |
Comparison of the average property price and an average price percentage change by region. Price % change compares the average property price between July 2021 - June 2022 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 £164k, 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 July 2021 - June 2022.
| Property price range | Market share | Sales volumes |
|---|---|---|
| █ under £50k | 5.2% | 1.5k |
| █ £50k-£100k | 27.6% | 8.1k |
| █ £100k-£150k | 26.4% | 7.7k |
| █ £150k-£200k | 16.8% | 4.9k |
| █ £200k-£250k | 9.5% | 2.8k |
| █ £250k-£300k | 5.5% | 1.6k |
| █ £300k-£400k | 5.1% | 1.5k |
| █ £400k-£500k | 2.1% | 617 |
| █ £500k-£750k | 1.4% | 408 |
| █ £750k-£1M | 0.3% | 95 |
| █ over £1M | 0.2% | 58 |
July 2021 - June 2022
| Property type | Average price |
|---|---|
| █ A newly built property | £264k |
| █ An established property | £162k |
July 2021 - June 2022
| Property type | Average price |
|---|---|
| █ Detached | £309k |
| █ Flat | £109k |
| █ Semi-Detached | £162k |
| █ Terraced | £124k |
Yearly average nominal house prices adjusted for inflation.
Yearly average nominal prices compared to England & Wales' house prices
Yearly average nominal price per square metre compared to England & Wales' house prices
Yearly average nominal prices
Yearly average nominal prices
| Region | Median house price to median salary ratio in 2021 |
|---|---|
| North East | 5 |
| North West | 5.7 |
| Yorkshire | 5.8 |
| East Midlands | 6.7 |
| England and Wales | 7.69 |