The average property price in North East region is £161k. The average price increased by £618 (0%) over the last twelve months. The price of an established property is £157k. The price of a newly built property is £223k. There were 25.3k property sales and sales dropped by 29.0% (-11.4k transactions). Most properties were sold in the £50k-£100k price range with 6539 (25.9%) properties sold, followed by £100k-£150k price range with 5943 (23.5%) properties sold.
North East region | England and Wales |
|---|---|
£161kaverage property price | £314kaverage property price |
0%average price percentage change | 6%average price percentage change |
£618average price change | £17.5kaverage price change |
This price map shows the average property price in a given county between February 2020 - January 2021. The most affordable place was 'Durham' with the average price of £140k. The most expensive place was 'Northumberland', £195k.
| County | Average price | % of North East avg. price (£161k) | |
|---|---|---|---|
| Durham | £140k | 87% | |
| Northumberland | £195k | 121% | |
| Tyne and Wear | £169k | 105% | |
Comparison of the average property price and an average price percentage change by region. Price % change compares the average property price between February 2020 - January 2021 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 £161k, 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 February 2020 - January 2021.
| Property price range | Market share | Sales volumes |
|---|---|---|
| █ under £50k | 9.1% | 2.3k |
| █ £50k-£100k | 25.9% | 6.5k |
| █ £100k-£150k | 23.5% | 5.9k |
| █ £150k-£200k | 16.8% | 4.3k |
| █ £200k-£250k | 9.2% | 2.3k |
| █ £250k-£300k | 6.1% | 1.5k |
| █ £300k-£400k | 5.5% | 1.4k |
| █ £400k-£500k | 2.1% | 521 |
| █ £500k-£750k | 1.5% | 374 |
| █ £750k-£1M | 0.3% | 69 |
| █ over £1M | 0.1% | 33 |
February 2020 - January 2021
February 2020 - January 2021
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
| Region | Median house price to median salary ratio in 2019 |
|---|---|
| North East | 5.2 |
| North West | 5.8 |
| Yorkshire | 5.9 |
| East Midlands | 6.7 |
| England and Wales | 7.7 |