The average property price paid in Norfolk is £289,528 according to property sale data for the year ending June 2022 published by HM Land Registry. Between the years ending June 2021 and June 2022, property prices in Norfolk fell by £7,585. Compare house prices by area
Average property prices in Norfolk fell by 2.6% between the years ending June 2021 and June 2022. Between the years ending June 2012 and June 2022, property prices on average grew by 4.7% per year.
If prices in Norfolk continue to rise by 4.7% a year, the average property price will be £347,985 in 2025.
The most expensive property prices in Norfolk are found in North Norfolk, and the cheapest property prices are found in Great Yarmouth.
There were 12,195 property sales in Norfolk in the year ending June 2022, a decrease of 2,917 when compared to the previous year.
The average price for a house in Norfolk ranges from £220,677 for a terraced house to £393,127 for a detached house, with semi-detached in between costing on average £258,892.
The average price for a flat or maisonette in Norfolk is £156,202.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Norfolk, detached house prices have risen the most between the years ending 2012 and 2022, and flat prices have grown the least.
Detached house prices have risen 65.9% from £236,910 to £393,127, semi-detached house prices have risen 63.5% from £158,358 to £258,892, terraced house prices have risen 58.2% from £139,493 to £220,677, and flat prices have risen 34.3% from £116,282 to £156,202.
The most common type of property sold in Norfolk during the year ending June 2022 was detached houses, which accounted for 36.6% of properties.
The least commonly available type of property sold in Norfolk were flats, which account for 9.7% of properties sold.
Of the properties sold in Norfolk during 2022, 1.5% were new build properties.
The average premium for a new build property in Norfolk was £25,959 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (49% of new build properties sold). For existing properties, the most common type is detached houses (38% of existing properties sold).
The most common price band for property sales in Norfolk is £200k - £300k, which accounted for 30.9% of properties sold in 2022.
0.6% of properties in Norfolk had a price over £1 million. For comparison, in England, 1.7% of property sales were priced at over £1 million.
The cheapest properties in Norfolk were in the under £50k price bracket, accounting for 0.1% of sales.
The cheapest property prices in Norfolk are found in Great Yarmouth, where the average cost of a property is £223,459. Between the years ending June 2021 and June 2022, property prices have changed by -0.9% in Great Yarmouth (compared to -2.6% 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 prices in Norfolk are found in North Norfolk, where the average property price is £329,310. Between the years ending June 2021 and June 2022, property prices have changed by -3.3% in North Norfolk (compared to -2.6% 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 2022. Data sources: ONS Local statistics