North East property prices

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.

July 2021 - June 2022

PriceNorth East regionEngland & Wales
average£164k£326k
median£132k£245k

North East house prices map

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.

North East house prices map

CountyAverage price % of North East avg. price (£164k)
Durham£144k88%
Northumberland£200k122%
Tyne and Wear£173k106%

North East house prices compared to other regions

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.

North East house prices compared to other regionsAverage price percentage change
Average property price

North East house price rank

With the average price of £164k, North East is the 1. cheapest region out of 10 England and Wales' regions.

North East house price rank

North East property sales share by price range

shows a number of properties sold in a given price range between July 2021 - June 2022.

North East property sales share by price range
Property price rangeMarket shareSales volumes
under £50k5.2%1.5k
£50k-£100k27.6%8.1k
£100k-£150k26.4%7.7k
£150k-£200k16.8%4.9k
£200k-£250k9.5%2.8k
£250k-£300k5.5%1.6k
£300k-£400k5.1%1.5k
£400k-£500k2.1%617
£500k-£750k1.4%408
£750k-£1M0.3%95
over £1M0.2%58

North East cost comparison of new homes and older homes

July 2021 - June 2022

North East cost comparison of new homes and older homes
Property typeAverage price
A newly built property£264k
An established property£162k

North East cost comparison of houses and flats

July 2021 - June 2022

North East cost comparison of houses and flats
Property typeAverage price
Detached£309k
Flat£109k
Semi-Detached£162k
Terraced£124k

Plumplot area insights - interactive charts and maps

Plumplot area insights - interactive maps and charts

North East real house prices

Yearly average nominal house prices adjusted for inflation.

North East real house prices

North East house prices

Yearly average nominal prices compared to England & Wales' house prices

North East house prices

North East house prices per square metre

Yearly average nominal price per square metre compared to England & Wales' house prices

North East house prices per square metre

North East house prices and nearby regions

Yearly average nominal prices

North East house prices and nearby regions

North East house prices by property type

Yearly average nominal prices

North East house prices by property type

North East house price to earnings ratio

The median property price to median earnings ratio in North East is 5. Ie. North East resident with middle-income needs 5 gross annual salaries to buy a medium-priced property. The England and Wales ratio was 7.69 in 2021.
North East house price to earnings ratio history
RegionMedian house price to median salary ratio in 2021
North East5
North West5.7
Yorkshire5.8
East Midlands6.7
England and Wales7.69

Other reports for North East region

house prices per square metre

new home prices

property transactions

population statistics

crime statistics

energy costs

home features

home energy certificates

salary and unemployment

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