Norwich property prices

The average property price in Norwich postcode area is £284k. The average price increased by £31.1k (12%) over the last twelve months. The price of an established property is £284k. The price of a newly built property is £271k. There were 11.2k property sales and sales dropped by 1.3% (-152 transactions). Most properties were sold in the £200k-£250k price range with 2266 (20.3%) properties sold, followed by £150k-£200k price range with 2214 (19.8%) properties sold.

September 2020 - August 2021

Norwich postcode area

England and Wales

£284k

average property price

£339k

average property price

12%

average price percentage change

12%

average price percentage change

£31.1k

average price change

£35.7k

average price change

Norwich house prices map

This price map shows the average property price in a given postcode sector between September 2020 - August 2021. The most affordable place was 'NR30 3' with the average price of £107k. The most expensive place was 'NR25 7', £532k.

Norwich house prices map

Norwich house prices compared to other areas

Comparison of the average property price and an average price percentage change by postcode area. Price % change compares the average property price between September 2020 - August 2021 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 postcode area.

Norwich house prices compared to other areasAverage price percentage change
Average property price

Norwich house price rank

With the average price of £284k, Norwich is the 48. cheapest postcode area out of 105 England and Wales' postcode areas.

Norwich house price rank

Norwich property sales share by price range

shows a number of properties sold in a given price range between September 2020 - August 2021.

Norwich property sales share by price range
Property price rangeMarket shareSales volumes
under £50k0.1%6
£50k-£100k2.8%317
£100k-£150k9.4%1.0k
£150k-£200k19.8%2.2k
£200k-£250k20.3%2.3k
£250k-£300k15.4%1.7k
£300k-£400k16.4%1.8k
£400k-£500k8.0%888
£500k-£750k6.4%710
£750k-£1M1.0%111
over £1M0.5%53

Norwich cost comparison of new homes and older homes

September 2020 - August 2021

Norwich cost comparison of new homes and older homes

£271k

A newly built property

£284k

An established property

Norwich cost comparison of houses and flats

September 2020 - August 2021

Norwich cost comparison of houses and flats

£376k

Detached

£150k

Flat

£247k

Semi-Detached

£208k

Terraced

Norwich property price by number of rooms

The average nominal property price by number of rooms. Kitchen is included in the number of rooms.

Average price by number of rooms

Norwich real house prices

Yearly average nominal house prices adjusted for inflation.

Norwich real house prices

Norwich house prices

Yearly average nominal prices compared to England & Wales' house prices

Norwich house prices

Norwich house prices per square meter

Yearly average nominal price per square meter compared to England & Wales' house prices

Norwich house prices per square meter

Norwich house prices and nearby areas

Yearly average nominal prices

Norwich house prices and nearby areas

Norwich house prices by property type

Yearly average nominal prices

Norwich house prices by property type

Norwich house price to earnings ratio

The median property price to median earnings ratio is ranging between 6.9 in Great Yarmouth and 9.8 in North Norfolk. Ie. Great Yarmouth resident with middle-income needs 6.9 gross annual salaries to buy a medium-priced property. Resident in North Norfolk needs 9.8 annual salaries. The England and Wales ratio was 7.7 in 2019.
Norwich house price to earnings ratio history

Local authorityMedian house price to median salary ratio in 2019
Great Yarmouth6.9
Norwich7.2
England and Wales7.7
Breckland8.3
Broadland8.3
South Norfolk8.6
North Norfolk9.8

Other reports for Norwich postcode area

house prices per square meter

new home prices

property transactions

crime statistics

energy costs

salary and unemployment

home features

home energy certificates

population statistics

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