The price of a newly built property is £271k in North East region. The price increased by £12.4k (5%) over the last twelve months. The price of an established property is £172k. There were 385 sales of newly build properties. Most new properties were sold in the £200k-£250k price range with 85 (22.1%) properties sold, followed by £300k-£400k price range with 84 (21.8%) properties sold. Most new homes were sold in Durham, with 177 sold to date from March 2023 - February 2024.
| March 2023 - February 2024 | North East region | England & Wales |
|---|---|---|
| Average price of a new home | £271k | £431k |
Average price change | 5% £12.4k | 13% £50.0k |
March 2023 - February 2024
| New or established | Average price |
|---|---|
| █ A newly built property | £271k |
| █ An established property | £172k |
March 2023 - February 2024
shows the total volume of new homes sold a given county.
| County | Sales volume | Market share | |
|---|---|---|---|
| Durham | 177 | 46% | |
| Northumberland | 94 | 24.4% | |
| Tyne and Wear | 114 | 29.6% | |
shows a sales volume of new homes in a given price range between March 2023 - February 2024. See also North East property sales reports.
| Property price range | Market share | Sales volume |
|---|---|---|
| █ under £50k | 1.0% | 4 |
| █ £50k-£100k | 3.1% | 12 |
| █ £100k-£150k | 5.7% | 22 |
| █ £150k-£200k | 18.4% | 71 |
| █ £200k-£250k | 22.1% | 85 |
| █ £250k-£300k | 14.5% | 56 |
| █ £300k-£400k | 21.8% | 84 |
| █ £400k-£500k | 10.1% | 39 |
| █ £500k-£750k | 3.1% | 12 |
March 2023 - February 2024
March 2023 - February 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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