The average property price paid in Redcar and Cleveland is £158,436 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 Redcar and Cleveland grew by £1,074. Compare house prices by area
Average property prices in Redcar and Cleveland grew by 0.7% between the years ending June 2021 and June 2022. Between the years ending June 2012 and June 2022, property prices on average grew by 2.4% per year.
If prices in Redcar and Cleveland continue to rise by 2.4% a year, the average property price will be £173,949 in 2025.
There were 1,317 property sales in Redcar and Cleveland in the year ending June 2022, a decrease of 424 when compared to the previous year.
The average price for a house in Redcar and Cleveland ranges from £103,816 for a terraced house to £262,355 for a detached house, with semi-detached in between costing on average £151,392.
The average price for a flat or maisonette in Redcar and Cleveland is £107,599.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Redcar and Cleveland, 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 35.3% from £193,944 to £262,355, semi-detached house prices have risen 25.5% from £120,667 to £151,392, terraced house prices have risen 19.9% from £86,594 to £103,816, and flat prices have fallen 4.2% from £112,331 to £107,599.
The most common type of property sold in Redcar and Cleveland during the year ending June 2022 was semi-detached houses, which accounted for 62.4% of properties.
The least commonly available type of property sold in Redcar and Cleveland were flats, which account for 6.8% of properties sold.
Of the properties sold in Redcar and Cleveland during 2022, 2.7% were new build properties.
The average premium for a new build property in Redcar and Cleveland was £173,713 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (100% of new build properties sold). For existing properties, the most common type is semi-detached houses (44% of existing properties sold).
The most common price band for property sales in Redcar and Cleveland is £100k - £150k, which accounted for 28.9% of properties sold in 2022.
The cheapest properties in Redcar and Cleveland were in the under £50k price bracket, accounting for 2.5% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
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