Tyne and Wear property prices

The average property price in Tyne and Wear county is £179k. The average price declined by £-2.1k (-1%) over the last twelve months. The price of an established property is £178k. The price of a newly built property is £261k. There were 14.2k property sales and sales dropped by 15.0% (-2.7k transactions). Most properties were sold in the £100k-£150k price range with 3979 (27.9%) properties sold, followed by £50k-£100k price range with 3203 (22.5%) properties sold.

June 2021 - May 2022

Tyne and Wear county

England and Wales

£179k

average property price

£341k

average property price

-1%

average price percentage change

2%

average price percentage change

£-2.1k

average price change

£7.4k

average price change

Tyne and Wear house prices map

This price map shows the average property price in a given postcode sector between June 2021 - May 2022. The most affordable place was 'SR5 2' with the average price of £72.0k. The most expensive place was 'NE20 9', £523k.

Tyne and Wear house prices map

Tyne and Wear house prices compared to other counties

Comparison of the average property price and an average price percentage change by county. Price % change compares the average property price between June 2021 - May 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 county.

Tyne and Wear house prices compared to other countiesAverage price percentage change
Average property price

Tyne and Wear house price rank

With the average price of £179k, Tyne and Wear is the 3. cheapest county out of 55 England and Wales' counties.

Tyne and Wear house price rank

Tyne and Wear property sales share by price range

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

Tyne and Wear property sales share by price range
Property price rangeMarket shareSales volumes
under £50k2.7%379
£50k-£100k22.5%3.2k
£100k-£150k27.9%4.0k
£150k-£200k18.6%2.6k
£200k-£250k10.3%1.5k
£250k-£300k6.7%948
£300k-£400k6.7%953
£400k-£500k2.4%340
£500k-£750k1.7%236
£750k-£1M0.4%61
over £1M0.2%34

Tyne and Wear cost comparison of new homes and older homes

June 2021 - May 2022

Tyne and Wear cost comparison of new homes and older homes

£261k

A newly built property

£178k

An established property

Tyne and Wear cost comparison of houses and flats

June 2021 - May 2022

Tyne and Wear cost comparison of houses and flats

£343k

Detached

£113k

Flat

£182k

Semi-Detached

£153k

Terraced

Plumplot area insights - interactive charts and maps

Plumplot area insights - interactive maps and charts

Tyne and Wear real house prices

Yearly average nominal house prices adjusted for inflation.

Tyne and Wear real house prices

Tyne and Wear house prices

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

Tyne and Wear house prices

Tyne and Wear house prices per square metre

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

Tyne and Wear house prices per square metre

Tyne and Wear house prices and nearby counties

Yearly average nominal prices

Tyne and Wear house prices and nearby counties

Tyne and Wear house prices by property type

Yearly average nominal prices

Tyne and Wear house prices by property type

Tyne and Wear house price to earnings ratio

The median property price to median earnings ratio is ranging between 4.6 in Sunderland and 5.9 in North Tyneside. Ie. Sunderland resident with middle-income needs 4.6 gross annual salaries to buy a medium-priced property. Resident in North Tyneside needs 5.9 annual salaries. The England and Wales ratio was 7.69 in 2020.
Tyne and Wear house price to earnings ratio history

Local authorityMedian house price to median salary ratio in 2020
Sunderland4.6
South Tyneside5
Gateshead5.3
Newcastle upon Tyne5.7
North Tyneside5.9
England and Wales7.69

Other reports for Tyne and Wear county

house prices per square metre

new home prices

property transactions

home energy certificates

population statistics

salary and unemployment

energy costs

crime statistics

home features

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