North East property prices

Last updated on 31 May 2024

The average property price in North East region is £176k, the median price is £140k. The average price declined by £-9.7k (-5%) over the last twelve months. The price of an established property is £174k. The price of a newly built property is £280k. There were 25.2k property sales and sales dropped by 35.9% (-15.2k transactions). Most properties were sold in the £50k-£100k price range with 6176 (24.5%) properties sold, followed by £100k-£150k price range with 5802 (23.0%) properties sold.

May 2023 - April 2024North East regionEngland & Wales
Average price£176k£350k
Median price£140k£270k

North East property sales share by price range

shows a number of properties sold in a given price range between May 2023 - April 2024.

North East property sales share by price range
Property price rangeMarket shareSales volume
under £50k6.7%1.7k
£50k-£100k24.5%6.2k
£100k-£150k23.0%5.8k
£150k-£200k17.1%4.3k
£200k-£250k10.0%2.5k
£250k-£300k6.2%1.6k
£300k-£400k6.9%1.7k
£400k-£500k2.9%725
£500k-£750k2.1%529
£750k-£1M0.5%115
over £1M0.2%52

North East house prices map

This price map shows the average property price in a given county. The most affordable place is 'Durham' with the average price of £147k. The most expensive place is 'Northumberland', £221k.

North East house prices map

CountyAverage price % of North East avg. price (£176k)
Durham£147k83%
Northumberland£221k126%
Tyne and Wear£190k108%

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 May 2023 - April 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 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 £176k, North East is the 1. cheapest region out of 10 England and Wales' regions.

North East house price rank
Price ranking
RankregionAverage price
1.London£707k
2.South East£450k
3.East of England£384k
4.South West£360k
5.West Midlands£269k
6.East Midlands£255k
7.North West£229k
8.Wales£227k
9.Yorkshire£225k
10.North East£176k

Plumplot area insights - interactive charts and maps

Plumplot area insights - interactive maps and charts

North East real house prices

Yearly average nominal house prices adjusted for inflation.

North East real house prices

Real average price - nominal price adjusted for inflation
YearNorth East regionEngland & Wales
2024£164k£323k
2023£196k£388k
2022£225k£439k
2021£228k£434k
2020£216k£412k
2019£214k£394k
2018£218k£403k
2017£221k£412k
2016£220k£406k
2015£217k£394k
2014£217k£387k
2013£218k£380k
2012£224k£379k
2011£232k£389k
2010£257k£413k
2009£247k£371k
2008£262k£393k
2007£274k£415k
2006£270k£397k
2005£257k£379k
2004£244k£368k
2003£205k£331k
2002£168k£298k
2001£148k£262k
2000£142k£243k
1999£139k£221k
1998£135k£203k
1997£134k£192k
1996£129k£180k
1995£129k£177k

North East house prices

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

North East house prices

Nominal average price
YearNorth East regionEngland & Wales
2024£164k£323k
2023£178k£352k
2022£184k£360k
2021£180k£342k
2020£168k£320k
2019£161k£296k
2018£159k£294k
2017£156k£290k
2016£152k£280k
2015£149k£270k
2014£145k£258k
2013£141k£247k
2012£141k£238k
2011£139k£233k
2010£147k£236k
2009£142k£213k
2008£145k£217k
2007£145k£219k
2006£139k£204k
2005£128k£189k
2004£118k£179k
2003£96.8k£156k
2002£77.8k£138k
2001£67.3k£119k
2000£62.8k£108k
1999£60.3k£96.0k
1998£56.5k£85.4k
1997£54.5k£78.5k
1996£51.4k£71.5k
1995£49.5k£67.9k

North East house prices per square metre

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

North East house prices per square metre

Nominal average price per m2
YearNorth East regionEngland & Wales
2024£1.8k£3.4k
2023£1.9k£3.6k
2022£1.9k£3.7k
2021£1.8k£3.4k
2020£1.7k£3.2k
2019£1.7k£3.0k
2018£1.6k£3.0k
2017£1.6k£3.0k
2016£1.6k£2.9k
2015£1.5k£2.7k
2014£1.5k£2.6k
2013£1.4k£2.5k
2012£1.5k£2.4k
2011£1.5k£2.4k
2010£1.5k£2.3k
2009£1.5k£2.1k
2008£1.5k£2.2k
2007£1.5k£2.3k
2006£1.5k£2.1k
2005£1.4k£2.0k
2004£1.3k£1.8k
2003£1.0k£1.6k
2002£791£1.4k
2001£675£1.2k
2000£627£1.1k
1999£598£969
1998£564£863
1997£538£790
1996£514£710
1995£500£681

North East house prices and nearby regions

Yearly average nominal prices

North East house prices and nearby regions

North East house prices by property type

Yearly average nominal prices

North East house prices by property type

Property typeCurrent average price
Detached£334k
Flat£114k
Semi-Detached£175k
Terraced£130k

North East house price to earnings ratio

The median property price to median earnings ratio in North East is 4.9. Ie. North East resident with middle-income needs 4.9 gross annual salaries to buy a medium-priced property. The England and Wales ratio was 8.16 in 2022.
North East house price to earnings ratio history
RegionMedian house price to median salary ratio in 2022
North East4.9
Yorkshire6.1
North West6.2
East Midlands7.3
England and Wales8.16

Other reports for North East region

house prices per square metre

new home prices

property transactions

energy costs

crime statistics

salary and unemployment

home energy efficiency

home features

population statistics

plumplot area insights tutorial
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