The average property price in Tyne and Wear county is £169k. The average price increased by £1.2k (1%) over the last twelve months. The price of an established property is £167k. The price of a newly built property is £208k. There were 11.8k property sales and sales dropped by 27.7% (-5.0k transactions). Most properties were sold in the £50k-£100k price range with 3024 (25.6%) properties sold, followed by £100k-£150k price range with 2923 (24.8%) properties sold.
Tyne and Wear county | England and Wales |
|---|---|
£169kaverage property price | £314kaverage property price |
1%average price percentage change | 6%average price percentage change |
£1.2kaverage price change | £17.5kaverage price change |
This price map shows the average property price in a given postcode sector between February 2020 - January 2021. The most affordable place was 'SR1 1' with the average price of £56.0k. The most expensive place was 'NE20 9', £479k.
Comparison of the average property price and an average price percentage change by county. Price % change compares the average property price between February 2020 - January 2021 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 £169k, Tyne and Wear is the 4. cheapest county out of 55 England and Wales' counties.
shows a number of properties sold in a given price range between February 2020 - January 2021.
| Property price range | Market share | Sales volumes |
|---|---|---|
| █ under £50k | 4.9% | 579 |
| █ £50k-£100k | 25.6% | 3.0k |
| █ £100k-£150k | 24.8% | 2.9k |
| █ £150k-£200k | 17.9% | 2.1k |
| █ £200k-£250k | 9.9% | 1.2k |
| █ £250k-£300k | 6.9% | 813 |
| █ £300k-£400k | 5.7% | 674 |
| █ £400k-£500k | 2.2% | 256 |
| █ £500k-£750k | 1.5% | 179 |
| █ £750k-£1M | 0.3% | 39 |
| █ over £1M | 0.2% | 20 |
February 2020 - January 2021
February 2020 - January 2021
Yearly average nominal house prices adjusted for inflation.
Yearly average nominal prices
Yearly average nominal prices per square meter.
Yearly average nominal prices
Yearly average nominal prices. Graphs shows a difference between house prices of newly built properties and house prices of established residential properties.
Yearly average nominal prices
| Local authority | Median house price to median salary ratio in 2019 |
|---|---|
| Sunderland | 5.1 |
| South Tyneside | 5.2 |
| Gateshead | 5.3 |
| Newcastle upon Tyne | 5.9 |
| North Tyneside | 5.9 |
| England and Wales | 7.7 |