The average property price in Tyne and Wear county is £189k, the median price is £154k. The average price declined by £-9.7k (-5%) over the last twelve months. The price of an established property is £187k. The price of a newly built property is £264k. There were 11.5k property sales and sales dropped by 31.2% (-5.7k transactions). Most properties were sold in the £100k-£150k price range with 2943 (25.6%) properties sold, followed by £50k-£100k price range with 2287 (19.9%) properties sold.
| October 2023 - September 2024 | Tyne and Wear county | England & Wales |
|---|---|---|
| Average price | █ £189k | █ £344k |
| Median price | █ £154k | █ £270k |
shows a number of properties sold in a given price range between October 2023 - September 2024.
| Property price range | Market share | Sales volume |
|---|---|---|
| █ under £50k | 3.8% | 442 |
| █ £50k-£100k | 19.9% | 2.3k |
| █ £100k-£150k | 25.6% | 2.9k |
| █ £150k-£200k | 18.7% | 2.1k |
| █ £200k-£250k | 11.2% | 1.3k |
| █ £250k-£300k | 7.0% | 802 |
| █ £300k-£400k | 8.0% | 915 |
| █ £400k-£500k | 2.9% | 337 |
| █ £500k-£750k | 2.2% | 255 |
| █ £750k-£1M | 0.5% | 57 |
| █ over £1M | 0.3% | 29 |
This price map shows the average property price in a given postcode sector. The most affordable place is 'NE37 3' with the average price of £54.3k. The most expensive place is 'NE20 9', £541k.
Comparison of the average property price and an average price percentage change by county. Price % change compares the average property price between October 2023 - September 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 county.
Average price percentage changeWith the average price of £189k, Tyne and Wear is the 3. cheapest county out of 55 England and Wales' counties.
| Price ranking | ||
|---|---|---|
| Rank | county | Average price |
| 1. | Greater London | £678k |
| 2. | Surrey | £599k |
| 3. | Hertfordshire | £527k |
| 4. | Buckinghamshire | £477k |
| 5. | Berkshire | £472k |
| 6. | Oxfordshire | £464k |
| 7. | West Sussex | £435k |
| 8. | Rutland | £417k |
| 9. | East Sussex | £417k |
| 10. | Dorset | £391k |
| ... | ||
| 45. | West Yorkshire | £220k |
| 46. | Cumbria | £218k |
| 47. | Lincolnshire | £215k |
| 48. | Merseyside | £203k |
| 49. | East Riding of Yorkshire | £198k |
| 50. | South Yorkshire | £196k |
| 51. | West Glamorgan | £194k |
| 52. | Lancashire | £194k |
| 53. | Tyne and Wear | £189k |
| 54. | Mid Glamorgan | £178k |
| 55. | Durham | £147k |
Yearly average nominal house prices adjusted for inflation.
| Real average price - nominal price adjusted for inflation | ||
|---|---|---|
| Year | Tyne and Wear county | England & Wales |
| 2024 | £188k | £344k |
| 2023 | £214k | £390k |
| 2022 | £237k | £440k |
| 2021 | £239k | £434k |
| 2020 | £225k | £412k |
| 2019 | £224k | £394k |
| 2018 | £229k | £403k |
| 2017 | £232k | £412k |
| 2016 | £231k | £406k |
| 2015 | £228k | £394k |
| 2014 | £225k | £387k |
| 2013 | £226k | £380k |
| 2012 | £231k | £379k |
| 2011 | £237k | £389k |
| 2010 | £262k | £413k |
| 2009 | £253k | £371k |
| 2008 | £267k | £393k |
| 2007 | £279k | £415k |
| 2006 | £277k | £397k |
| 2005 | £263k | £379k |
| 2004 | £256k | £368k |
| 2003 | £218k | £331k |
| 2002 | £176k | £298k |
| 2001 | £152k | £262k |
| 2000 | £143k | £243k |
| 1999 | £138k | £221k |
| 1998 | £136k | £203k |
| 1997 | £133k | £192k |
| 1996 | £128k | £180k |
| 1995 | £129k | £177k |
Yearly average nominal prices compared to England & Wales' house prices
| Nominal average price | ||
|---|---|---|
| Year | Tyne and Wear county | England & Wales |
| 2024 | £188k | £344k |
| 2023 | £195k | £354k |
| 2022 | £195k | £361k |
| 2021 | £188k | £342k |
| 2020 | £175k | £320k |
| 2019 | £169k | £296k |
| 2018 | £167k | £294k |
| 2017 | £163k | £290k |
| 2016 | £160k | £280k |
| 2015 | £156k | £270k |
| 2014 | £150k | £258k |
| 2013 | £146k | £247k |
| 2012 | £145k | £238k |
| 2011 | £142k | £233k |
| 2010 | £150k | £236k |
| 2009 | £146k | £213k |
| 2008 | £147k | £217k |
| 2007 | £148k | £219k |
| 2006 | £142k | £204k |
| 2005 | £132k | £189k |
| 2004 | £125k | £179k |
| 2003 | £103k | £156k |
| 2002 | £81.5k | £138k |
| 2001 | £69.1k | £119k |
| 2000 | £63.2k | £108k |
| 1999 | £60.0k | £96.0k |
| 1998 | £57.0k | £85.4k |
| 1997 | £54.2k | £78.5k |
| 1996 | £50.8k | £71.5k |
| 1995 | £49.4k | £67.9k |
Yearly average nominal price per square metre compared to England & Wales' house prices
| Nominal average price per m2 | ||
|---|---|---|
| Year | Tyne and Wear county | England & Wales |
| 2024 | £2.0k | £3.6k |
| 2023 | £2.1k | £3.6k |
| 2022 | £2.1k | £3.7k |
| 2021 | £1.9k | £3.4k |
| 2020 | £1.8k | £3.2k |
| 2019 | £1.8k | £3.0k |
| 2018 | £1.8k | £3.0k |
| 2017 | £1.7k | £3.0k |
| 2016 | £1.7k | £2.9k |
| 2015 | £1.6k | £2.7k |
| 2014 | £1.6k | £2.6k |
| 2013 | £1.5k | £2.5k |
| 2012 | £1.5k | £2.4k |
| 2011 | £1.5k | £2.3k |
| 2010 | £1.6k | £2.3k |
| 2009 | £1.5k | £2.1k |
| 2008 | £1.6k | £2.2k |
| 2007 | £1.6k | £2.3k |
| 2006 | £1.5k | £2.1k |
| 2005 | £1.5k | £2.0k |
| 2004 | £1.4k | £1.8k |
| 2003 | £1.1k | £1.6k |
| 2002 | £862 | £1.4k |
| 2001 | £714 | £1.2k |
| 2000 | £653 | £1.1k |
| 1999 | £610 | £968 |
| 1998 | £577 | £862 |
| 1997 | £544 | £790 |
| 1996 | £517 | £710 |
| 1995 | £507 | £681 |
Yearly average nominal prices
Yearly average nominal prices
| Property type | Current average price |
|---|---|
| █ Detached | £361k |
| █ Flat | £118k |
| █ Semi-Detached | £194k |
| █ Terraced | £163k |
| Local authority | Median house price to median salary ratio in 2023 |
|---|---|
| Sunderland | 4.5 |
| Gateshead | 4.7 |
| South Tyneside | 4.8 |
| North Tyneside | 5.6 |
| Newcastle upon Tyne | 5.7 |
| England and Wales | 8.14 |
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