The price of a newly built property is £288k in Tyne and Wear county. The price increased by £19.9k (7%) over the last twelve months. The price of an established property is £191k. There were 312 sales of newly build properties. Most new properties were sold in the £300k-£400k price range with 78 (25.0%) properties sold, followed by £200k-£250k price range with 69 (22.1%) properties sold. Most new homes were sold in NE5 1, with 28 sold to date from January 2024 - December 2024.
| January 2024 - December 2024 | Tyne and Wear county | England & Wales |
|---|---|---|
| Average price of a new home | £288k | £381k |
Average price change | 7% £19.9k | -4% £-14.2k |
January 2024 - December 2024
| New or established | Average price |
|---|---|
| █ A newly built property | £288k |
| █ An established property | £191k |
January 2024 - December 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 January 2024 - December 2024. See also Tyne and Wear property sales reports.
| Property price range | Market share | Sales volume |
|---|---|---|
| █ £50k-£100k | 3.5% | 11 |
| █ £100k-£150k | 1.9% | 6 |
| █ £150k-£200k | 16.3% | 51 |
| █ £200k-£250k | 22.1% | 69 |
| █ £250k-£300k | 19.6% | 61 |
| █ £300k-£400k | 25.0% | 78 |
| █ £400k-£500k | 6.7% | 21 |
| █ £500k-£750k | 2.6% | 8 |
| █ £750k-£1M | 1.9% | 6 |
| █ over £1M | 0.3% | 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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