The price of a newly built property is £273k in North East region. The price increased by £14.4k (6%) over the last twelve months. The price of an established property is £176k. There were 994 sales of newly build properties. Most new properties were sold in the £300k-£400k price range with 222 (22.3%) properties sold, followed by £200k-£250k price range with 221 (22.2%) properties sold. Most new homes were sold in Tyne and Wear, with 460 sold to date from December 2023 - November 2024.
| December 2023 - November 2024 | North East region | England & Wales |
|---|---|---|
| Average price of a new home | £273k | £377k |
Average price change | 6% £14.4k | -5% £-20.2k |
December 2023 - November 2024
| New or established | Average price |
|---|---|
| █ A newly built property | £273k |
| █ An established property | £176k |
December 2023 - November 2024
shows the total volume of new homes sold a given county.
| County | Sales volume | Market share | |
|---|---|---|---|
| Durham | 336 | 33.8% | |
| Northumberland | 198 | 19.9% | |
| Tyne and Wear | 460 | 46.3% | |
shows a sales volume of new homes in a given price range between December 2023 - November 2024. See also North East property sales reports.
| Property price range | Market share | Sales volume |
|---|---|---|
| █ under £50k | 0.5% | 5 |
| █ £50k-£100k | 3.4% | 34 |
| █ £100k-£150k | 5.8% | 58 |
| █ £150k-£200k | 17.6% | 175 |
| █ £200k-£250k | 22.2% | 221 |
| █ £250k-£300k | 17.5% | 174 |
| █ £300k-£400k | 22.3% | 222 |
| █ £400k-£500k | 6.4% | 64 |
| █ £500k-£750k | 3.3% | 33 |
| █ £750k-£1M | 0.7% | 7 |
| █ over £1M | 0.1% | 1 |
December 2023 - November 2024
December 2023 - November 2024
Yearly average nominal house prices adjusted for inflation
Yearly average nominal prices
Yearly average nominal prices
Yearly average nominal prices
Total sales volumes by year
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