The average property price in Nottingham postcode area is £241k, the median price is £203k as of April 2024. The average price declined by £-6.1k (-2%) over the last twelve months. The price of an established property is £238k. The price of a newly built property is £335k. There were 11.2k property sales and sales dropped by 39.6% (-8.0k transactions). Most properties were sold in the £150k-£200k price range with 2782 (24.8%) properties sold, followed by £100k-£150k price range with 2055 (18.3%) properties sold.
| March 2023 - February 2024 | Nottingham postcode area | England & Wales |
|---|---|---|
| Average price | █ £241k | █ £351k |
| Median price | █ £203k | █ £270k |
shows a number of properties sold in a given price range between March 2023 - February 2024.
| Property price range | Market share | Sales volume |
|---|---|---|
| █ under £50k | 0.3% | 30 |
| █ £50k-£100k | 6.3% | 703 |
| █ £100k-£150k | 18.3% | 2.1k |
| █ £150k-£200k | 24.8% | 2.8k |
| █ £200k-£250k | 16.8% | 1.9k |
| █ £250k-£300k | 11.7% | 1.3k |
| █ £300k-£400k | 11.7% | 1.3k |
| █ £400k-£500k | 5.4% | 609 |
| █ £500k-£750k | 4.0% | 445 |
| █ £750k-£1M | 0.6% | 71 |
| █ over £1M | 0.3% | 32 |
This price map shows the average property price in a given postcode sector. The most affordable place is 'NG18 1' with the average price of £109k. The most expensive place is 'NG12 4', £536k.
Comparison of the average property price and an average price percentage change by postcode area. Price % change compares the average property price between March 2023 - February 2024 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.
Average price percentage changeWith the average price of £241k, Nottingham is the 30. cheapest postcode area out of 105 England and Wales' postcode areas.
| Price ranking | ||
|---|---|---|
| Rank | postcode area | Average price |
| 1. | W, West London | £1.2M |
| 2. | SW, South West London | £1.1M |
| 3. | NW, North West London | £1.0M |
| 4. | EC, East Central London | £956k |
| 5. | WC, Western Central London | £923k |
| 6. | N, North London | £747k |
| 7. | KT, Kingston upon Thames | £715k |
| 8. | TW, Twickenham | £658k |
| 9. | AL, St Albans | £637k |
| 10. | SL, Slough | £617k |
| ... | ||
| 76. | NG, Nottingham | £241k |
| ... | ||
| 95. | OL, Oldham | £189k |
| 96. | BD, Bradford | £186k |
| 97. | HU, Hull | £185k |
| 98. | WN, Wigan | £176k |
| 99. | DN, Doncaster | £174k |
| 100. | FY, Blackpool | £174k |
| 101. | DL, Darlington | £169k |
| 102. | TS, Cleveland | £158k |
| 103. | BB, Blackburn | £157k |
| 104. | DH, Durham | £150k |
| 105. | SR, Sunderland | £133k |
Yearly average nominal house prices adjusted for inflation.
| Real average price - nominal price adjusted for inflation | ||
|---|---|---|
| Year | Nottingham postcode area | England & Wales |
| 2024 | £0 | £0 |
| 2023 | £240k | £352k |
| 2022 | £275k | £403k |
| 2021 | £270k | £396k |
| 2020 | £250k | £377k |
| 2019 | £233k | £358k |
| 2018 | £239k | £368k |
| 2017 | £235k | £374k |
| 2016 | £229k | £370k |
| 2015 | £220k | £359k |
| 2014 | £214k | £351k |
| 2013 | £211k | £345k |
| 2012 | £215k | £345k |
| 2011 | £224k | £354k |
| 2010 | £240k | £375k |
| 2009 | £234k | £339k |
| 2008 | £244k | £358k |
| 2007 | £264k | £374k |
| 2006 | £264k | £355k |
| 2005 | £262k | £345k |
| 2004 | £255k | £336k |
| 2003 | £228k | £302k |
| 2002 | £188k | £272k |
| 2001 | £157k | £238k |
| 2000 | £146k | £221k |
| 1999 | £138k | £201k |
| 1998 | £130k | £185k |
| 1997 | £127k | £175k |
| 1996 | £123k | £164k |
| 1995 | £122k | £161k |
Yearly average nominal prices compared to England & Wales' house prices
| Nominal average price | ||
|---|---|---|
| Year | Nottingham postcode area | England & Wales |
| 2024 | £238k | £322k |
| 2023 | £240k | £352k |
| 2022 | £245k | £360k |
| 2021 | £233k | £342k |
| 2020 | £212k | £320k |
| 2019 | £192k | £296k |
| 2018 | £191k | £294k |
| 2017 | £182k | £290k |
| 2016 | £174k | £280k |
| 2015 | £165k | £270k |
| 2014 | £157k | £258k |
| 2013 | £151k | £247k |
| 2012 | £148k | £238k |
| 2011 | £147k | £233k |
| 2010 | £151k | £236k |
| 2009 | £147k | £213k |
| 2008 | £148k | £217k |
| 2007 | £153k | £217k |
| 2006 | £148k | £199k |
| 2005 | £143k | £189k |
| 2004 | £136k | £179k |
| 2003 | £118k | £156k |
| 2002 | £95.6k | £138k |
| 2001 | £78.5k | £119k |
| 2000 | £70.7k | £108k |
| 1999 | £65.8k | £96.0k |
| 1998 | £60.1k | £85.4k |
| 1997 | £56.8k | £78.5k |
| 1996 | £53.7k | £71.5k |
| 1995 | £51.5k | £67.9k |
Yearly average nominal price per square metre compared to England & Wales' house prices
| Nominal average price per m2 | ||
|---|---|---|
| Year | Nottingham postcode area | England & Wales |
| 2024 | £2.6k | £3.4k |
| 2023 | £2.6k | £3.6k |
| 2022 | £2.6k | £3.7k |
| 2021 | £2.3k | £3.4k |
| 2020 | £2.1k | £3.2k |
| 2019 | £2.0k | £3.0k |
| 2018 | £2.0k | £3.0k |
| 2017 | £1.9k | £3.0k |
| 2016 | £1.8k | £2.9k |
| 2015 | £1.7k | £2.7k |
| 2014 | £1.6k | £2.6k |
| 2013 | £1.5k | £2.5k |
| 2012 | £1.5k | £2.4k |
| 2011 | £1.5k | £2.4k |
| 2010 | £1.5k | £2.3k |
| 2009 | £1.4k | £2.1k |
| 2008 | £1.5k | £2.2k |
| 2007 | £1.6k | £2.2k |
| 2006 | £1.5k | £2.0k |
| 2005 | £1.5k | £1.9k |
| 2004 | £1.4k | £1.8k |
| 2003 | £1.2k | £1.6k |
| 2002 | £964 | £1.4k |
| 2001 | £790 | £1.2k |
| 2000 | £704 | £1.1k |
| 1999 | £650 | £969 |
| 1998 | £594 | £863 |
| 1997 | £566 | £790 |
| 1996 | £532 | £710 |
| 1995 | £522 | £681 |
Yearly average nominal prices
Yearly average nominal prices
| Property type | Current average price |
|---|---|
| █ Detached | £364k |
| █ Flat | £146k |
| █ Semi-Detached | £216k |
| █ Terraced | £166k |
| Local authority | Median house price to median salary ratio in 2022 |
|---|---|
| Ashfield | 6 |
| Mansfield | 6 |
| Newark and Sherwood | 6.3 |
| Nottingham | 6.5 |
| Broxtowe | 7.2 |
| Gedling | 7.5 |
| South Kesteven | 7.8 |
| England and Wales | 8.16 |
| Rushcliffe | 8.7 |
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