North East property prices

The average property price in North East region is £174k, the median price is £138k. The average price declined by £-8.7k (-5%) over the last twelve months. The price of an established property is £173k. The price of a newly built property is £271k. There were 24.5k property sales and sales dropped by 37.1% (-15.7k transactions). Most properties were sold in the £50k-£100k price range with 6251 (25.5%) properties sold, followed by £100k-£150k price range with 5716 (23.3%) properties sold.

February 2023 - January 2024North East regionEngland & Wales
Average price£174k£350k
Median price£138k£269k

North East property sales share by price range

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

North East property sales share by price range
Property price rangeMarket shareSales volume
under £50k6.7%1.7k
£50k-£100k25.5%6.3k
£100k-£150k23.3%5.7k
£150k-£200k16.6%4.1k
£200k-£250k9.5%2.3k
£250k-£300k6.2%1.5k
£300k-£400k6.5%1.6k
£400k-£500k2.8%693
£500k-£750k2.1%503
£750k-£1M0.5%114
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 £146k. The most expensive place is 'Northumberland', £219k.

North East house prices map

CountyAverage price % of North East avg. price (£174k)
Durham£146k84%
Northumberland£219k126%
Tyne and Wear£188k108%

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 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 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 £174k, 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£710k
2.South East£451k
3.East of England£386k
4.South West£361k
5.West Midlands£266k
6.East Midlands£253k
7.North West£227k
8.Wales£224k
9.Yorkshire£223k
10.North East£174k

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£0£0
2023£174k£351k
2022£204k£403k
2021£208k£396k
2020£198k£377k
2019£194k£358k
2018£199k£368k
2017£201k£374k
2016£201k£370k
2015£198k£359k
2014£197k£351k
2013£198k£345k
2012£205k£345k
2011£211k£354k
2010£233k£375k
2009£226k£339k
2008£239k£358k
2007£250k£374k
2006£251k£355k
2005£238k£339k
2004£226k£330k
2003£192k£297k
2002£156k£267k
2001£135k£238k
2000£129k£221k
1999£126k£201k
1998£123k£185k
1997£122k£175k
1996£118k£164k
1995£117k£161k

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£177k£332k
2023£174k£351k
2022£182k£360k
2021£179k£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£146k£218k
2006£141k£199k
2005£130k£185k
2004£120k£176k
2003£98.7k£153k
2002£79.0k£135k
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£1.9k£3.5k
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£2.4k
2009£1.5k£2.1k
2008£1.5k£2.2k
2007£1.5k£2.2k
2006£1.5k£2.0k
2005£1.4k£1.9k
2004£1.3k£1.8k
2003£1.0k£1.6k
2002£802£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£333k
Flat£112k
Semi-Detached£177k
Terraced£129k

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

home features

salary and unemployment

home energy efficiency

crime statistics

population statistics

energy costs

plumplot area insights tutorial
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