Tyne and Wear property prices

The average property price in Tyne and Wear county is £179k. The average price increased by £10.9k (7%) over the last twelve months. The price of an established property is £176k. The price of a newly built property is £233k. There were 13.2k property sales and sales dropped by 18.2% (-3.1k transactions). Most properties were sold in the £100k-£150k price range with 3157 (23.8%) properties sold, followed by £50k-£100k price range with 3136 (23.7%) properties sold.

June 2020 - May 2021

Tyne and Wear county

England and Wales

£179k

average property price

£332k

average property price

7%

average price percentage change

10%

average price percentage change

£10.9k

average price change

£30.7k

average price change

Tyne and Wear house prices map

This price map shows the average property price in a given postcode sector between June 2020 - May 2021. The most affordable place was 'SR1 1' with the average price of £59.1k. The most expensive place was 'NE20 9', £502k.

Tyne and Wear house prices map

Tyne and Wear house prices compared to other counties

Comparison of the average property price and an average price percentage change by county. Price % change compares the average property price between June 2020 - May 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 county.

Tyne and Wear house prices compared to other countiesAverage price percentage change
Average property price

Tyne and Wear house price rank

With the average price of £179k, Tyne and Wear is the 5. cheapest county out of 55 England and Wales' counties.

Tyne and Wear house price rank

Tyne and Wear property sales share by price range

shows a number of properties sold in a given price range between June 2020 - May 2021.

Tyne and Wear property sales share by price range
Property price rangeMarket shareSales volumes
under £50k4.3%569
£50k-£100k23.7%3.1k
£100k-£150k23.8%3.2k
£150k-£200k18.4%2.4k
£200k-£250k10.8%1.4k
£250k-£300k7.6%1.0k
£300k-£400k6.5%860
£400k-£500k2.7%358
£500k-£750k1.7%227
£750k-£1M0.4%57
over £1M0.2%22

Tyne and Wear cost comparison of new homes and older homes

June 2020 - May 2021

Tyne and Wear cost comparison of new homes and older homes

£233k

A newly built property

£176k

An established property

Tyne and Wear cost comparison of houses and flats

June 2020 - May 2021

Tyne and Wear cost comparison of houses and flats

£319k

Detached

£109k

Flat

£177k

Semi-Detached

£149k

Terraced

Tyne and Wear real house prices

Yearly average nominal house prices adjusted for inflation.

Tyne and Wear real house prices

Tyne and Wear house prices compared to England & Wales' house prices

Yearly average nominal prices

Tyne and Wear house prices

Tyne and Wear house prices per square meter

Yearly average nominal prices per square meter.

Average price per square meter

Tyne and Wear house prices and nearby counties

Yearly average nominal prices

Tyne and Wear house prices and nearby counties

Tyne and Wear house prices new vs established

Yearly average nominal prices. Graphs shows a difference between house prices of newly built properties and house prices of established residential properties.

Tyne and Wear house prices new vs established

Tyne and Wear house prices by property type

Yearly average nominal prices

Tyne and Wear house prices by property type

Tyne and Wear house price to earnings ratio

The median property price to median earnings ratio is ranging between 5.1 in Sunderland and 5.9 in North Tyneside. Ie. Sunderland resident with middle-income needs 5.1 gross annual salaries to buy a medium-priced property. Resident in North Tyneside needs 5.9 annual salaries. The England and Wales ratio was 7.7 in 2019.
Tyne and Wear house price to earnings ratio history

Local authorityMedian house price to median salary ratio in 2019
Sunderland5.1
South Tyneside5.2
Gateshead5.3
Newcastle upon Tyne5.9
North Tyneside5.9
England and Wales7.7

Other reports for Tyne and Wear county

new home prices

property transactions

salary and unemployment

population statistics

home energy certificates

energy costs

home features

crime statistics

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