The average property value in Norfolk is £291,795 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Norfolk grew by £32,999. Compare house prices by area
Average property prices in Norfolk grew by 12.8% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 4.6% per year.
If prices in Norfolk continue to rise by 4.6% a year, the average property price will be £349,523 in 2025.
The most expensive property values in Norfolk are found in North Norfolk, and the cheapest property values are found in Great Yarmouth.
There were 15,112 property sales in Norfolk in the year ending June 2021, an increase of 1,201 when compared to the previous year.
The average price for a house in Norfolk ranges from £215,326 for a terraced house to £371,835 for a detached house, with semi-detached in between costing on average £246,303.
The average price for a flat or maisonette in Norfolk is £152,687.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Norfolk, semi-detached house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 51.5% from £245,506 to £371,835, semi-detached house prices have risen 56.4% from £157,481 to £246,303, terraced house prices have risen 56.3% from £137,748 to £215,326, and flat prices have risen 31.8% from £115,856 to £152,687.
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The most common type of property sold in Norfolk during the year ending June 2021 was detached houses, which accounted for 46.3% of properties.
The least commonly available type of property sold in Norfolk were flats, which account for 6.2% of properties sold.
Of the properties sold in Norfolk during 2021, 1.4% were new build properties.
The average price paid for a new build property in Norfolk was £14,055 lower than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (65% of new build properties sold). For existing properties, the most common type is detached houses (45% of existing properties sold).
The most common price band for property sales in Norfolk is £200k - £300k, which accounted for 24.3% of properties sold in 2021.
0.4% of properties in Norfolk had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Norfolk were in the under £50k price bracket, accounting for 0.0% of sales.
The cheapest property prices in Norfolk are found in Great Yarmouth, where the average cost of a property is £218,177. Between the years ending June 2020 and June 2021, property prices have changed by 11.0% in Great Yarmouth (compared to 12.8% in Norfolk)
Average property price
YoY change in price
|1|| Great Yarmouth |
|2|| Norwich |
|3|| Breckland |
|4|| King’s Lynn and West Norfolk |
|5|| Broadland |
The most expensive property values in Norfolk are found in North Norfolk, where the average property price is £337,806. Between the years ending June 2020 and June 2021, property prices have changed by 15.2% in North Norfolk (compared to 12.8% in Norfolk)
Average Property Price
YoY CHANGE in PRICE
|1|| North Norfolk |
|2|| South Norfolk |
|3|| Broadland |
|4|| King’s Lynn and West Norfolk |
|5|| Breckland |
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics