North East property prices

The average property price in North East region is £168k. The average price increased by £7.1k (4%) over the last twelve months. The price of an established property is £164k. The price of a newly built property is £233k. There were 28.6k property sales and sales dropped by 19.4% (-7.2k transactions). Most properties were sold in the £50k-£100k price range with 7138 (24.9%) properties sold, followed by £100k-£150k price range with 6555 (22.9%) properties sold.

June 2020 - May 2021

North East region

England and Wales

£168k

average property price

£332k

average property price

4%

average price percentage change

10%

average price percentage change

£7.1k

average price change

£30.7k

average price change

North East house prices map

This price map shows the average property price in a given county between June 2020 - May 2021. The most affordable place was 'Durham' with the average price of £144k. The most expensive place was 'Northumberland', £203k.

North East house prices map

CountyAverage price % of North East avg. price (£168k)
Durham£144k86%
Northumberland£203k121%
Tyne and Wear£179k107%

North East house prices compared to other regions

Comparison of the average property price and an average price percentage change by region. 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 region.

North East house prices compared to other regionsAverage price percentage change
Average property price

North East house price rank

With the average price of £168k, North East is the 1. cheapest region out of 10 England and Wales' regions.

North East house price rank

North East property sales share by price range

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

North East property sales share by price range
Property price rangeMarket shareSales volumes
under £50k8.2%2.4k
£50k-£100k24.9%7.1k
£100k-£150k22.9%6.6k
£150k-£200k17.1%4.9k
£200k-£250k9.5%2.7k
£250k-£300k6.7%1.9k
£300k-£400k6.0%1.7k
£400k-£500k2.5%723
£500k-£750k1.6%465
£750k-£1M0.4%104
over £1M0.1%35

North East cost comparison of new homes and older homes

June 2020 - May 2021

North East cost comparison of new homes and older homes

£233k

A newly built property

£164k

An established property

North East cost comparison of houses and flats

June 2020 - May 2021

North East cost comparison of houses and flats

£291k

Detached

£107k

Flat

£159k

Semi-Detached

£119k

Terraced

North East real house prices

Yearly average nominal house prices adjusted for inflation.

North East real house prices

North East house prices compared to England & Wales' house prices

Yearly average nominal prices

North East house prices

North East house prices per square meter

Yearly average nominal prices per square meter.

Average price per square meter

North East house prices and nearby regions

Yearly average nominal prices

North East house prices and nearby regions

North East 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.

North East house prices new vs established

North East house prices by property type

Yearly average nominal prices

North East house prices by property type

North East house price to earnings ratio

The median property price to median earnings ratio in North East is 5.2. Ie. North East resident with middle-income needs 5.2 gross annual salaries to buy a medium-priced property. The England and Wales ratio was 7.7 in 2019.
North East house price to earnings ratio history

RegionMedian house price to median salary ratio in 2019
North East5.2
North West5.8
Yorkshire5.9
East Midlands6.7
England and Wales7.7

Other reports for North East region

new home prices

property transactions

salary and unemployment

population statistics

home energy certificates

energy costs

home features

crime statistics

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