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.
Tyne and Wear county | England and Wales |
|---|---|
£179kaverage property price | £341kaverage property price |
-1%average price percentage change | 2%average price percentage change |
£-2.1kaverage price change | £7.4kaverage price change |
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.
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.
Average price percentage changeWith the average price of £179k, Tyne and Wear is the 3. cheapest county out of 55 England and Wales' counties.
shows a number of properties sold in a given price range between June 2021 - May 2022.
| Property price range | Market share | Sales volumes |
|---|---|---|
| █ under £50k | 2.7% | 379 |
| █ £50k-£100k | 22.5% | 3.2k |
| █ £100k-£150k | 27.9% | 4.0k |
| █ £150k-£200k | 18.6% | 2.6k |
| █ £200k-£250k | 10.3% | 1.5k |
| █ £250k-£300k | 6.7% | 948 |
| █ £300k-£400k | 6.7% | 953 |
| █ £400k-£500k | 2.4% | 340 |
| █ £500k-£750k | 1.7% | 236 |
| █ £750k-£1M | 0.4% | 61 |
| █ over £1M | 0.2% | 34 |
June 2021 - May 2022
June 2021 - May 2022
Yearly average nominal house prices adjusted for inflation.
Yearly average nominal prices compared to England & Wales' house prices
Yearly average nominal price per square metre compared to England & Wales' house prices
Yearly average nominal prices
Yearly average nominal prices
| Local authority | Median house price to median salary ratio in 2020 |
|---|---|
| Sunderland | 4.6 |
| South Tyneside | 5 |
| Gateshead | 5.3 |
| Newcastle upon Tyne | 5.7 |
| North Tyneside | 5.9 |
| England and Wales | 7.69 |