North East cost comparison of new homes and older homes
June 2021 - May 2022
The price of a newly built property is £260k in North East region. The price increased by £23.0k (10%) over the last twelve months. The price of an established property is £168k. There were 623 sales of newly build properties. Most new properties were sold in the £200k-£250k price range with 140 (22.5%) properties sold, followed by £150k-£200k price range with 122 (19.6%) properties sold. Most new homes were sold in Tyne and Wear, with 326 sold to date from June 2021 - May 2022.
| North East region | England and Wales |
|---|---|
£260kaverage price of a new property | £397kaverage price of a new property |
10%average price percentage change | 9%average price percentage change |
£23.0kaverage price change | £33.6kaverage price change |
June 2021 - May 2022
June 2021 - May 2022
shows the total volume of new homes sold a given county.
| County | Sales volume | Market share | |
|---|---|---|---|
| Durham | 190 | 30.5% | |
| Northumberland | 107 | 17.2% | |
| Tyne and Wear | 326 | 52.3% | |
shows a sales volume of new homes in a given price range between June 2021 - May 2022. See also North East property sales reports.
| Property price range | Market share | Sales volume |
|---|---|---|
| █ under £50k | 1.1% | 7 |
| █ £50k-£100k | 2.2% | 14 |
| █ £100k-£150k | 7.9% | 49 |
| █ £150k-£200k | 19.6% | 122 |
| █ £200k-£250k | 22.5% | 140 |
| █ £250k-£300k | 17.5% | 109 |
| █ £300k-£400k | 18.8% | 117 |
| █ £400k-£500k | 8.3% | 52 |
| █ £500k-£750k | 2.1% | 13 |
June 2021 - May 2022
June 2021 - May 2022
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
