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The average property price paid in North East England is £173,231 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 North East England fell by £15,203. Compare house prices by area
Average property prices in North East England fell by 8.1% between the years ending June 2021 and June 2022. Between the years ending June 2012 and June 2022, property prices on average grew by 2.5% per year.
If prices in North East England continue to rise by 2.5% a year, the average property price will be £191,027 in 2025.
The most expensive property prices in North East England are found in Northumberland, and the cheapest property prices are found in Hartlepool.
There were 25,903 property sales in North East England in the year ending June 2022, a decrease of 7,764 when compared to the previous year.
The average price for a house in North East England ranges from £129,990 for a terraced house to £307,427 for a detached house, with semi-detached in between costing on average £165,213.
The average price for a flat or maisonette in North East England is £115,135.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in North East England, 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 35.4% from £227,073 to £307,427, semi-detached house prices have risen 28.2% from £128,862 to £165,213, terraced house prices have risen 22.1% from £106,459 to £129,990, and flat prices have risen 16.0% from £99,222 to £115,135.
The most common type of property sold in North East England during the year ending June 2022 was terraced houses, which accounted for 45.8% of properties.
The least commonly available type of property sold in North East England were flats, which account for 13.3% of properties sold.
Of the properties sold in North East England during 2022, 1.8% were new build properties.
The average premium for a new build property in North East England was £157,858 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (62% of new build properties sold). For existing properties, the most common type is terraced houses (37% of existing properties sold).
Rental Market of North East England
North East England Crime
North East England population
The most common price band for property sales in North East England is £100k - £150k, which accounted for 18.1% of properties sold in 2022.
0.2% of properties in North East England 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 North East England were in the under £50k price bracket, accounting for 9.8% of sales.
The cheapest property prices in North East England are found in Hartlepool, where the average cost of a property is £146,562. Between the years ending June 2021 and June 2022, property prices have changed by -13.3% in Hartlepool (compared to -8.1% in North East England)
Rank | Area | Average property price | YoY change in price |
---|---|---|---|
1 | Hartlepool Unitary Authority | £146,562 | -13.3% |
2 | County Durham Unitary Authority | £147,401 | -5.4% |
3 | Middlesbrough Unitary Authority | £149,800 | -5.7% |
4 | Redcar and Cleveland Unitary Authority | £158,436 | 0.7% |
5 | Darlington Unitary Authority | £167,854 | -10.3% |
The most expensive property prices in North East England are found in Northumberland, where the average property price is £220,178. Between the years ending June 2021 and June 2022, property prices have changed by -9.2% in Northumberland (compared to -8.1% in North East England)
Rank | Area | Average Property Price | YoY CHANGE in PRICE |
---|---|---|---|
1 | Northumberland Unitary Authority | £220,178 | -9.2% |
2 | Tyne and Wear Metropolitan County | £180,388 | -7.4% |
3 | Stockton-on-Tees Unitary Authority | £172,957 | -8.5% |
4 | Darlington Unitary Authority | £167,854 | -10.3% |
5 | Redcar and Cleveland Unitary Authority | £158,436 | 0.7% |
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