The price of a newly built property is £280k in North East region. The price increased by £20.2k (8%) over the last twelve months. The price of an established property is £174k. There were 407 sales of newly build properties. Most new properties were sold in the £300k-£400k price range with 103 (25.3%) properties sold, followed by £200k-£250k price range with 100 (24.6%) properties sold. Most new homes were sold in Durham, with 196 sold to date from April 2023 - March 2024.
| April 2023 - March 2024 | North East region | England & Wales |
|---|---|---|
| Average price of a new home | £280k | £403k |
Average price change | 8% £20.2k | 5% £19.8k |
April 2023 - March 2024
| New or established | Average price |
|---|---|
| █ A newly built property | £280k |
| █ An established property | £174k |
April 2023 - March 2024
shows the total volume of new homes sold a given county.
| County | Sales volume | Market share | |
|---|---|---|---|
| Durham | 196 | 48.2% | |
| Northumberland | 101 | 24.8% | |
| Tyne and Wear | 110 | 27% | |
shows a sales volume of new homes in a given price range between April 2023 - March 2024. See also North East property sales reports.
| Property price range | Market share | Sales volume |
|---|---|---|
| █ £50k-£100k | 2.9% | 12 |
| █ £100k-£150k | 4.9% | 20 |
| █ £150k-£200k | 15.5% | 63 |
| █ £200k-£250k | 24.6% | 100 |
| █ £250k-£300k | 14.0% | 57 |
| █ £300k-£400k | 25.3% | 103 |
| █ £400k-£500k | 8.6% | 35 |
| █ £500k-£750k | 3.9% | 16 |
| █ £750k-£1M | 0.2% | 1 |
April 2023 - March 2024
April 2023 - March 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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