North East newly built property prices

The price of a newly built property is £271k in North East region. The price increased by £10.2k (4%) over the last twelve months. The price of an established property is £173k. There were 359 sales of newly build properties. Most new properties were sold in the £200k-£250k price range with 76 (21.2%) properties sold, followed by £300k-£400k price range with 72 (20.1%) properties sold. Most new homes were sold in Durham, with 157 sold to date from February 2023 - January 2024.

February 2023 - January 2024North East regionEngland & Wales
Average price of a new home£271k£421k

Average price change
4%
£10.2k
11%
£40.0k

North East cost comparison of new homes and older homes

February 2023 - January 2024

North East cost comparison of new homes and older homes

New or establishedAverage price
A newly built property£271k
An established property£173k

North East sales share of new homes and older homes

February 2023 - January 2024

North East sales share of new homes and older homes

1.5%

A newly built property

359

98.5%

An established property

24.2k

24.5k

total sales volume

North East map of sales of new properties

shows the total volume of new homes sold a given county.

North East map of sales of new properties

CountySales volumeMarket share
Durham15743.7%
Northumberland9225.6%
Tyne and Wear11030.6%

North East new home sales share by price range

shows a sales volume of new homes in a given price range between February 2023 - January 2024. See also North East property sales reports.

North East new home sales share by price range

Property price rangeMarket shareSales volume
under £50k1.1%4
£50k-£100k3.9%14
£100k-£150k5.8%21
£150k-£200k19.5%70
£200k-£250k21.2%76
£250k-£300k14.5%52
£300k-£400k20.1%72
£400k-£500k9.7%35
£500k-£750k4.2%15

North East cost comparison of new houses and new flats

February 2023 - January 2024

North East cost comparison of new houses and new flats

£333k

Detached

£261k

Flat

£186k

Semi-Detached

£152k

Terraced

North East sales share of new houses and new flats

February 2023 - January 2024

North East sales share of new houses and new flats

59.9%

Detached

215

1.7%

Flat

6

24.5%

Semi-Detached

88

13.9%

Terraced

50

North East real new home prices

Yearly average nominal house prices adjusted for inflation

North East real new home prices

North East new home prices compared to England & Wales' new home prices

Yearly average nominal prices

North East new home prices

North East new home prices and nearby regions

Yearly average nominal prices

North East new home prices and nearby regions

North East house prices new vs established

Yearly average nominal prices

North East house prices new vs established

North East annual sales of new homes and older homes

Total sales volumes by year

North East annual sales of new homes and older homes

Plumplot area insights - interactive charts and maps

Plumplot area insights - interactive maps and charts

Other reports for North East region

house prices

house prices per square metre

property transactions

home features

salary and unemployment

home energy efficiency

crime statistics

population statistics

energy costs

plumplot area insights tutorial
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