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 2024 | North East region | England & Wales |
---|---|---|
Average price of a new home | £271k | £421k |
Average price change | 4% £10.2k | 11% £40.0k |
February 2023 - January 2024
New or established | Average price |
---|---|
█ A newly built property | £271k |
█ An established property | £173k |
February 2023 - January 2024
shows the total volume of new homes sold a given county.
County | Sales volume | Market share | |
---|---|---|---|
Durham | 157 | 43.7% | |
Northumberland | 92 | 25.6% | |
Tyne and Wear | 110 | 30.6% |
shows a sales volume of new homes in a given price range between February 2023 - January 2024. See also North East property sales reports.
Property price range | Market share | Sales volume |
---|---|---|
█ under £50k | 1.1% | 4 |
█ £50k-£100k | 3.9% | 14 |
█ £100k-£150k | 5.8% | 21 |
█ £150k-£200k | 19.5% | 70 |
█ £200k-£250k | 21.2% | 76 |
█ £250k-£300k | 14.5% | 52 |
█ £300k-£400k | 20.1% | 72 |
█ £400k-£500k | 9.7% | 35 |
█ £500k-£750k | 4.2% | 15 |
February 2023 - January 2024
February 2023 - January 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