The price of a newly built property is £289k in Tyne and Wear county. The price increased by £31.8k (12%) over the last twelve months. The price of an established property is £187k. There were 114 sales of newly build properties. Most new properties were sold in the £300k-£400k price range with 28 (24.6%) properties sold, followed by £200k-£250k price range with 26 (22.8%) properties sold. Most new homes were sold in NE13 9, with 21 sold to date from March 2023 - February 2024.
| March 2023 - February 2024 | Tyne and Wear county | England & Wales |
|---|---|---|
| Average price of a new home | £289k | £431k |
Average price change | 12% £31.8k | 13% £50.0k |
March 2023 - February 2024
| New or established | Average price |
|---|---|
| █ A newly built property | £289k |
| █ An established property | £187k |
March 2023 - February 2024
shows the total volume of new homes sold a given postcode sector.
shows a sales volume of new homes in a given price range between March 2023 - February 2024. See also Tyne and Wear property sales reports.
| Property price range | Market share | Sales volume |
|---|---|---|
| █ £50k-£100k | 3.5% | 4 |
| █ £100k-£150k | 4.4% | 5 |
| █ £150k-£200k | 11.4% | 13 |
| █ £200k-£250k | 22.8% | 26 |
| █ £250k-£300k | 18.4% | 21 |
| █ £300k-£400k | 24.6% | 28 |
| █ £400k-£500k | 10.5% | 12 |
| █ £500k-£750k | 4.4% | 5 |
March 2023 - February 2024
March 2023 - February 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
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