The price of a newly built property is £276k in North East region. The price increased by £17.2k (7%) over the last twelve months. The price of an established property is £176k. There were 726 sales of newly build properties. Most new properties were sold in the £200k-£250k price range with 170 (23.4%) properties sold, followed by £300k-£400k price range with 156 (21.5%) properties sold. Most new homes were sold in Tyne and Wear, with 312 sold to date from January 2024 - December 2024.
| January 2024 - December 2024 | North East region | England & Wales |
|---|---|---|
| Average price of a new home | £276k | £381k |
Average price change | 7% £17.2k | -4% £-14.2k |
January 2024 - December 2024
| New or established | Average price |
|---|---|
| █ A newly built property | £276k |
| █ An established property | £176k |
January 2024 - December 2024
shows the total volume of new homes sold a given county.
| County | Sales volume | Market share | |
|---|---|---|---|
| Durham | 275 | 37.9% | |
| Northumberland | 139 | 19.1% | |
| Tyne and Wear | 312 | 43% | |
shows a sales volume of new homes in a given price range between January 2024 - December 2024. See also North East property sales reports.
| Property price range | Market share | Sales volume |
|---|---|---|
| █ under £50k | 0.7% | 5 |
| █ £50k-£100k | 1.7% | 12 |
| █ £100k-£150k | 5.0% | 36 |
| █ £150k-£200k | 18.7% | 136 |
| █ £200k-£250k | 23.4% | 170 |
| █ £250k-£300k | 17.9% | 130 |
| █ £300k-£400k | 21.5% | 156 |
| █ £400k-£500k | 7.0% | 51 |
| █ £500k-£750k | 3.2% | 23 |
| █ £750k-£1M | 0.8% | 6 |
| █ over £1M | 0.1% | 1 |
January 2024 - December 2024
January 2024 - December 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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