Norwich property prices

The average property price in Norwich postcode area is £253k. The average price increased by £2.7k (1%) over the last twelve months. The price of an established property is £251k. The price of a newly built property is £277k. There were 8.5k property sales and sales dropped by 32.1% (-4.6k transactions). Most properties were sold in the £150k-£200k price range with 1989 (23.4%) properties sold, followed by £200k-£250k price range with 1809 (21.3%) properties sold.

December 2019 - November 2020

Norwich postcode area

England and Wales

£253k

average property price

£308k

average property price

1%

average price percentage change

4%

average price percentage change

£2.7k

average price change

£12.9k

average price change

Norwich house prices map

This price map shows the average property price in a given postcode sector between December 2019 - November 2020. The most affordable place was 'NR30 3' with the average price of £117k. The most expensive place was 'NR25 7', £491k.

Norwich house prices map

Norwich house prices compared to other areas

Comparison of the average property price and an average price percentage change by postcode area. Price % change compares the average property price between December 2019 - November 2020 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 postcode area.

Norwich house prices compared to other areasAverage price percentage change
Average property price

Norwich house price rank

With the average price of £253k, Norwich is the 48. cheapest postcode area out of 105 England and Wales' postcode areas.

Norwich house price rank

Norwich property sales share by price range

shows a number of properties sold in a given price range between December 2019 - November 2020.

Norwich property sales share by price range
Property price rangeMarket shareSales volumes
under £50k0.1%5
£50k-£100k3.9%333
£100k-£150k12.7%1.1k
£150k-£200k23.4%2.0k
£200k-£250k21.3%1.8k
£250k-£300k14.9%1.3k
£300k-£400k13.8%1.2k
£400k-£500k5.7%482
£500k-£750k3.5%300
£750k-£1M0.6%50
over £1M0.3%23

Norwich cost comparison of new homes and older homes

December 2019 - November 2020

Norwich cost comparison of new homes and older homes

£277k

A newly built property

£251k

An established property

Norwich cost comparison of houses and flats

December 2019 - November 2020

Norwich cost comparison of houses and flats

£339k

Detached

£148k

Flat

£230k

Semi-Detached

£194k

Terraced

Norwich real house prices

Yearly average nominal house prices adjusted for inflation.

Norwich real house prices

Norwich house prices compared to England & Wales' house prices

Yearly average nominal prices

Norwich house prices

Norwich house prices per square meter

Yearly average nominal prices per square meter.

Average price per square meter

Norwich house prices and nearby areas

Yearly average nominal prices

Norwich house prices and nearby areas

Norwich house prices new vs established

Yearly average nominal prices. Graphs shows a difference between house prices of newly built properties and house prices of established residential properties.

Norwich house prices new vs established

Norwich house prices by property type

Yearly average nominal prices

Norwich house prices by property type

Norwich house price to earnings ratio

The median property price to median earnings ratio is ranging between 6.9 in Great Yarmouth and 9.8 in North Norfolk. Ie. Great Yarmouth resident with middle-income needs 6.9 gross annual salaries to buy a medium-priced property. Resident in North Norfolk needs 9.8 annual salaries. The England and Wales ratio was 7.7 in 2019.
Norwich house price to earnings ratio history

Local authorityMedian house price to median salary ratio in 2019
Great Yarmouth6.9
Norwich7.2
England and Wales7.7
Breckland8.3
Broadland8.3
South Norfolk8.6
North Norfolk9.8

Other reports for Norwich postcode area

new home prices

property transactions

home energy certificates

home features

energy costs

crime statistics

population statistics

salary and unemployment

Homeimage/svg+xmlOpencliparteco green house icon2012-05-29T15:40:56https://openclipart.org/detail/170282/eco-green-house-icon-by-cybergedeondominiquechappardecologygreenhomehouseicon