The price of a newly built property is £278k in North East region. The price increased by £17.1k (7%) over the last twelve months. The price of an established property is £174k. There were 674 sales of newly build properties. Most new properties were sold in the £200k-£250k price range with 156 (23.1%) properties sold, followed by £300k-£400k price range with 154 (22.8%) properties sold. Most new homes were sold in Tyne and Wear, with 278 sold to date from June 2023 - May 2024.
| June 2023 - May 2024 | North East region | England & Wales |
|---|---|---|
| Average price of a new home | £278k | £384k |
Average price change | 7% £17.1k | 0% £-1.9k |
June 2023 - May 2024
| New or established | Average price |
|---|---|
| █ A newly built property | £278k |
| █ An established property | £174k |
June 2023 - May 2024
shows the total volume of new homes sold a given county.
| County | Sales volume | Market share | |
|---|---|---|---|
| Durham | 258 | 38.3% | |
| Northumberland | 138 | 20.5% | |
| Tyne and Wear | 278 | 41.2% | |
shows a sales volume of new homes in a given price range between June 2023 - May 2024. See also North East property sales reports.
| Property price range | Market share | Sales volume |
|---|---|---|
| █ under £50k | 0.3% | 2 |
| █ £50k-£100k | 5.2% | 35 |
| █ £100k-£150k | 5.6% | 38 |
| █ £150k-£200k | 13.9% | 94 |
| █ £200k-£250k | 23.1% | 156 |
| █ £250k-£300k | 14.4% | 97 |
| █ £300k-£400k | 22.8% | 154 |
| █ £400k-£500k | 9.6% | 65 |
| █ £500k-£750k | 4.7% | 32 |
| █ £750k-£1M | 0.1% | 1 |
June 2023 - May 2024
June 2023 - May 2024
Yearly average nominal house prices adjusted for inflation
Yearly average nominal prices
Yearly average nominal prices
Yearly average nominal prices
Total sales volumes by year
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