The hottest and coldest North East housing markets right now
The latest data from the Land Registry reveals that the average house price in the North East is currently £163,200.
On average house prices in the North East increased by 3.7% or £5,810 over the last month.
Over the last year (last 12 calendar months) average house prices in the North East increased by 15.5% or £21,850.
However, across the North East, there is a significant spread of house prices at the Local Authority level ranging from £127,800 in County Durham to £203,300 in North Tyneside.
North East average house prices by local authority
We show in the chart below the average house price for every local authority across the North East.
The three most expensive areas for house prices in the North East are:
North Tyneside where average house prices are £203,300
Newcastle upon Tyne, where average house prices are £190,600, and
Northumberland where average house prices are £187,700
The three least expensive areas for house prices in the North East are:
County Durham where average house prices are £127,800
Hartlepool with average house prices of £139,200, and
Middlesbrough where average house prices are £141,100
North East house price winners and losers last month
Over the last month house prices in the North East increased the most in percentage terms in:
County Durham where average house prices increased by 3.3%,
North Tyneside where average house prices rose by 3.0%,
Sunderland where average house prices rose by 2.4%
House prices in the North East increased the least in percentage terms last month in:
Hartlepool where average house prices rose by 0.3%,
Darlington where average house prices rose by 0.8%,
Newcastle upon Tyne where average house prices were up 1.0%
We show the percentage changes in house prices for each local authority across the North East in the chart below
The biggest absolute (monetary) increases in house prices in the North East last month were in:
North Tyneside where house prices climbed by £5,850,
County Durham where house prices rise by £4,030,
Stockton-on-Tees where house prices rose by £3,360
At the other end of the North East house price league, house prices fell most in:
Hartlepool which saw house prices rise, on average, by £450,
Darlington where average house prices rose by £1,260,
Newcastle upon Tyne where house prices were up £1,810
We show the monetary change in average house prices across each Local Authority across the North East in the chart below:
North East house price winners and losers last year
The North East witnessed strong house price growth over the last twelve months, on average across the North East house prices have increased by 15.5%
The biggest house price winners in percentage terms in the North East are:
Middlesbrough with average house prices up 14.0%,
Redcar and Cleveland, which has seen house prices increase by 14.0% over the last twelve months, and
North Tyneside where house prices have risen, on average, by 13.7%
At the bottom end of the annual house price table are:
Northumberland where house prices have risen by 5.3%,
Darlington, with average house price inflation of 6.2%, and
County Durham with house price inflation at 7.3%
We show the percentage change in house prices over the last twelve months across every Local Authority in the North East in the chart below
Finally turning to the monetary or cash changes to house prices in the North East over the last year, the biggest house price winners in absolute terms were:
North Tyneside which has seen house prices increase by £24,550,
Redcar and Cleveland with house prices gains of £19,130,
Newcastle upon Tyne where house prices have risen, on average, by £18,110
House prices increased in monetary terms across every local authority across the North East last year, but those areas that saw the smallest increase in average house prices were:
County Durham where average house prices were up £8,710,
Darlington, which saw average house prices rise by £9,150, and
Northumberland where house prices increased by £9,420
