Norfolk property prices

The average property price in Norfolk county is £284k. The average price increased by £28.1k (11%) over the last twelve months. The price of an established property is £285k. The price of a newly built property is £269k. There were 12.2k property sales and sales dropped by 19.4% (-3.1k transactions). Most properties were sold in the £200k-£250k price range with 2559 (20.9%) properties sold, followed by £150k-£200k price range with 2441 (19.9%) properties sold.

June 2020 - May 2021

Norfolk county

England and Wales

£284k

average property price

£332k

average property price

11%

average price percentage change

10%

average price percentage change

£28.1k

average price change

£30.7k

average price change

Norfolk house prices map

This price map shows the average property price in a given postcode sector between June 2020 - May 2021. The most affordable place was 'NR30 3' with the average price of £106k. The most expensive place was 'PE31 8', £597k.

Norfolk house prices map

Norfolk 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 2020 - May 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.

Norfolk house prices compared to other countiesAverage price percentage change
Average property price

Norfolk house price rank

With the average price of £284k, Norfolk is the 27. most pricey county out of 55 England and Wales' counties.

Norfolk house price rank

Norfolk property sales share by price range

shows a number of properties sold in a given price range between June 2020 - May 2021.

Norfolk property sales share by price range
Property price rangeMarket shareSales volumes
under £50k0.0%3
£50k-£100k2.5%302
£100k-£150k9.3%1.1k
£150k-£200k19.9%2.4k
£200k-£250k20.9%2.6k
£250k-£300k15.8%1.9k
£300k-£400k16.1%2.0k
£400k-£500k7.9%968
£500k-£750k5.9%720
£750k-£1M1.0%126
over £1M0.6%73

Norfolk cost comparison of new homes and older homes

June 2020 - May 2021

Norfolk cost comparison of new homes and older homes

£269k

A newly built property

£285k

An established property

Norfolk cost comparison of houses and flats

June 2020 - May 2021

Norfolk cost comparison of houses and flats

£370k

Detached

£151k

Flat

£243k

Semi-Detached

£210k

Terraced

Norfolk real house prices

Yearly average nominal house prices adjusted for inflation.

Norfolk real house prices

Norfolk house prices compared to England & Wales' house prices

Yearly average nominal prices

Norfolk house prices

Norfolk house prices per square meter

Yearly average nominal prices per square meter.

Average price per square meter

Norfolk house prices and nearby counties

Yearly average nominal prices

Norfolk house prices and nearby counties

Norfolk 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.

Norfolk house prices new vs established

Norfolk house prices by property type

Yearly average nominal prices

Norfolk house prices by property type

Norfolk 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.
Norfolk 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
King's Lynn and West Norfolk7.9
Breckland8.3
Broadland8.3
South Norfolk8.6
North Norfolk9.8

Other reports for Norfolk county

new home prices

property transactions

salary and unemployment

population statistics

home energy certificates

energy costs

home features

crime statistics

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