Newcastle upon Tyne property prices

The average property price in Newcastle upon Tyne postcode area is £205k, the median price is £160k. The average price declined by £-4.0k (-2%) over the last twelve months. The price of an established property is £204k. The price of a newly built property is £298k. There were 11.4k property sales and sales dropped by 37.3% (-7.4k transactions). Most properties were sold in the £100k-£150k price range with 2868 (25.1%) properties sold, followed by £150k-£200k price range with 2111 (18.5%) properties sold.

February 2023 - January 2024Newcastle upon Tyne postcode areaEngland & Wales
Average price£205k£350k
Median price£160k£269k

Newcastle upon Tyne property sales share by price range

shows a number of properties sold in a given price range between February 2023 - January 2024.

Newcastle upon Tyne property sales share by price range
Property price rangeMarket shareSales volume
under £50k3.0%346
£50k-£100k17.8%2.0k
£100k-£150k25.1%2.9k
£150k-£200k18.5%2.1k
£200k-£250k11.1%1.3k
£250k-£300k7.4%851
£300k-£400k8.7%996
£400k-£500k4.1%464
£500k-£750k3.2%361
£750k-£1M0.8%94
over £1M0.4%40

Newcastle upon Tyne house prices map

This price map shows the average property price in a given postcode sector. The most affordable place is 'NE37 3' with the average price of £46.0k. The most expensive place is 'NE1 7', £685k.

Newcastle upon Tyne house prices map

Newcastle upon Tyne 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 February 2023 - January 2024 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.

Newcastle upon Tyne house prices compared to other areasAverage price percentage change
Average property price

Newcastle upon Tyne house price rank

With the average price of £205k, Newcastle upon Tyne is the 18. cheapest postcode area out of 105 England and Wales' postcode areas.

Newcastle upon Tyne house price rank
Price ranking
Rankpostcode areaAverage price
1.W, West London£1.2M
2.NW, North West London£1.0M
3.SW, South West London£1.0M
4.EC, East Central London£948k
5.WC, Western Central London£916k
6.N, North London£747k
7.KT, Kingston upon Thames£717k
8.TW, Twickenham£664k
9.AL, St Albans£643k
10.SL, Slough£613k
...
88.NE, Newcastle upon Tyne£205k
...
95.OL, Oldham£188k
96.BD, Bradford£186k
97.HU, Hull£183k
98.DN, Doncaster£175k
99.WN, Wigan£174k
100.FY, Blackpool£173k
101.DL, Darlington£167k
102.TS, Cleveland£159k
103.BB, Blackburn£156k
104.DH, Durham£149k
105.SR, Sunderland£133k

Plumplot area insights - interactive charts and maps

Plumplot area insights - interactive maps and charts

Newcastle upon Tyne real house prices

Yearly average nominal house prices adjusted for inflation.

Newcastle upon Tyne real house prices

Real average price - nominal price adjusted for inflation
YearNewcastle upon Tyne postcode areaEngland & Wales
2024£0£0
2023£205k£351k
2022£233k£403k
2021£236k£396k
2020£226k£377k
2019£218k£358k
2018£223k£368k
2017£224k£374k
2016£225k£370k
2015£219k£359k
2014£215k£351k
2013£216k£345k
2012£222k£345k
2011£229k£354k
2010£254k£375k
2009£245k£339k
2008£260k£358k
2007£268k£374k
2006£265k£355k
2005£251k£339k
2004£243k£330k
2003£209k£297k
2002£169k£267k
2001£146k£238k
2000£137k£221k
1999£132k£201k
1998£129k£185k
1997£127k£175k
1996£123k£164k
1995£123k£161k

Newcastle upon Tyne house prices

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

Newcastle upon Tyne house prices

Nominal average price
YearNewcastle upon Tyne postcode areaEngland & Wales
2024£208k£332k
2023£205k£351k
2022£208k£360k
2021£204k£342k
2020£191k£320k
2019£180k£296k
2018£178k£294k
2017£174k£290k
2016£170k£280k
2015£164k£270k
2014£158k£258k
2013£154k£247k
2012£153k£238k
2011£151k£233k
2010£160k£236k
2009£154k£213k
2008£158k£217k
2007£156k£218k
2006£149k£199k
2005£137k£185k
2004£129k£176k
2003£108k£153k
2002£85.8k£135k
2001£72.8k£119k
2000£66.5k£108k
1999£63.3k£96.0k
1998£59.6k£85.4k
1997£56.8k£78.5k
1996£53.6k£71.5k
1995£51.8k£67.9k

Newcastle upon Tyne house prices per square metre

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

Newcastle upon Tyne house prices per square metre

Nominal average price per m2
YearNewcastle upon Tyne postcode areaEngland & Wales
2024£2.3k£3.5k
2023£2.2k£3.6k
2022£2.2k£3.7k
2021£2.0k£3.4k
2020£1.9k£3.2k
2019£1.9k£3.0k
2018£1.8k£3.0k
2017£1.8k£3.0k
2016£1.7k£2.9k
2015£1.7k£2.7k
2014£1.6k£2.6k
2013£1.6k£2.5k
2012£1.6k£2.4k
2011£1.6k£2.4k
2010£1.6k£2.4k
2009£1.6k£2.1k
2008£1.6k£2.2k
2007£1.7k£2.2k
2006£1.6k£2.0k
2005£1.5k£1.9k
2004£1.4k£1.8k
2003£1.2k£1.6k
2002£890£1.4k
2001£738£1.2k
2000£675£1.1k
1999£634£969
1998£596£863
1997£563£790
1996£533£710
1995£523£681

Newcastle upon Tyne house prices and nearby areas

Yearly average nominal prices

Newcastle upon Tyne house prices and nearby areas

Newcastle upon Tyne house prices by property type

Yearly average nominal prices

Newcastle upon Tyne house prices by property type

Property typeCurrent average price
Detached£386k
Flat£116k
Semi-Detached£210k
Terraced£179k

Newcastle upon Tyne house price to earnings ratio

The median property price to median earnings ratio is ranging between 4.7 in Gateshead and 5.7 in Newcastle upon Tyne. Ie. Gateshead resident with middle-income needs 4.7 gross annual salaries to buy a medium-priced property. Resident in Newcastle upon Tyne needs 5.7 annual salaries. The England and Wales ratio was 8.16 in 2022.
Newcastle upon Tyne house price to earnings ratio history
Local authorityMedian house price to median salary ratio in 2022
Gateshead4.7
South Tyneside4.8
Northumberland5.5
North Tyneside5.6
Newcastle upon Tyne5.7
England and Wales8.16

Other reports for Newcastle upon Tyne postcode area

house prices per square metre

new home prices

property transactions

home features

salary and unemployment

home energy efficiency

crime statistics

population statistics

energy costs

plumplot area insights tutorial
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