House price winners and losers North West

The latest data from the Land Registry reveals that the average house price in the North West of England is currently £205,120.

On average house prices in the North West of England increased by 0.4% or £750 over the last month

Over the last year (last 12 calendar months) average house prices in the North West of England increased by 9.7% or £18,180.

However, across the North West of England, there is a big spread of house prices at the Local Authority level ranging from £111,000 in Burnley to £351,000 in Trafford. The average price of a home in Trafford is more than three times the average house price of a home in Burnley.

Average house prices across the North West of England

We show in the chart below the average house price for every local authority across the North West of England

The three most expensive areas for house prices in the North West are:

Trafford where average house prices are £351,000

South Lakeland with average house prices of £283,000, and

Stockport where average house prices are £282,000

The three least expensive areas for house prices in the North West are:

Burnley with an average house price of £111,000

Pendle with average house prices at £124,000, and

Hyndburn where average house prices are £129,000

North West relative house price winners this month

Across the North West of England house prices increased the most in relative (percentage) terms in West Lancashire, where house prices increased by 4.4% last month.

In second place, average house prices increased by 4.1% in Hyndburn, and 

In Preston average house prices increased by 3.4%

We show in the chart below the hottest 25 housing markets across the North West where house prices increased the most in percentage terms over the last month. 

North West absolute house price winners this month

When looking at absolute (monetary) house price rises across the North West last month, we saw the biggest house price increases in West Lancashire, up £9,620, followed by Ribble Valley, where house prices rose by £7,170 and in third place Eden, where house prices rose by £5,500, on average.

We show the 25 best performing housing markets over the last month across the North West in the chart below

North West relative house price winners last 12 months 

House prices have increased significantly over the last 12 months in many areas of the North West of England.

The biggest relative increases in house prices across the North West over the last year are:

Hyndburn, where average house prices have increased by 22.6%

Ribble Valley, where average house prices have increased by 17.5%, and

Eden, where house prices have increased, on average by 16.7% over the last 12 months. 

We show the top 25 housing markets, where  house prices have increased the most on a relative (percentage) basis across the North West in the chart below

North West absolute house price winners last 12 months

Turning to absolute, or monetary increases in house prices across the North West over the last 12 months, house prices increased the most in Ribble Valley, up £40,940. House prices in Eden have increased by £37,170 over the last year and house prices in Chorley are up, on average, by £29,090.

We show the North West's top 25 housing markets in terms of absolute house price increases over the last 12 months in the chart below. 

North West relative house price losers last month

Unfortunately, house prices fell across many areas of the North West last month.  The biggest relative (percentage) falls in house prices were seen in Rossendale, where house prices fell by 1.74%. Rossendale was followed by Carlisle, where average house prices fell by 1.70% and Burnley, which saw average house prices last month fall by 0.9%.

North West absolute house price losers last month

In absolute (monetary) terms, the biggest house price falls last month in the North West were in Rossendale, where house prices fell by £3,080. Carlisle where average house prices fell by £2,730 and South Lakeland where average house prices fell by £2,260.

North West relative house price losers last 12-months

Over the last 12 months, house prices have risen in every one of the North West's local authorities. However, house prices in the North West rose the least in Barrow-in-Furness, where average house prices are 3.4% higher than they were one year ago. Rossendale saw the next smallest relative increase in house prices over the last year, with average house prices up just 4.0%, followed by Pendle, where average house prices increased by 4.7%.  

North West absolute house price losers last 12-months

Over the last 12 months, average house prices in the North West rose the least in Barrow-in-Furness, where house prices are now, on average, £4,560 higher than they were one year ago. Pendle has seen average house prices rise by £5,570 and in Rossendale, average house prices have increased by £6,720