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 £162,600.
On average house prices in the North East decreased by 2.6% or £4,410 over the last month.
Over the last year (last 12 calendar months) average house prices in the North East increased by 11.6% or £16,940.
However, across the North East, there is a significant spread of house prices at the Local Authority level ranging from £136,100 in County Durham to £207,900 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. Do you live in one of the North East's hottest housing markets or one of the coldest?
The three most expensive areas for house prices in the North East are:
North Tyneside where average house prices are £207,900
Northumberland, where average house prices are £202,700, and
Newcastle upon Tyne where average house prices are £192,600
The three least expensive areas for house prices in the North East are:
County Durham where average house prices are £136,100
Hartlepool with average house prices of £137,800, and
Sunderland where average house prices are £146,400
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:
South Tyneside where average house prices increased by 3.6%,
Hartlepool where average house prices rose by 1.1%,
Darlington where average house prices were up by 1.0%
House prices in the North East increased the least in percentage terms last month in:
Newcastle upon Tyne where average house prices dropped by 2.9%,
Stockton-on-Tees where average house prices fell by 0.8%,
Northumberland where average house prices were down 0.5%
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:
South Tyneside where house prices climbed by £5,590,
North Tyneside where house prices increased by £1,700,
Darlington where house prices rose by £1,700
At the other end of the North East house price league, house prices fell most in:
Newcastle upon Tyne which saw house prices fall, on average, by £5,690,
Stockton-on-Tees where average house prices fell by £1,290,
Northumberland where house prices were down £950
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 11.6%
The biggest house price winners in percentage terms in the North East are:
Middlesbrough with average house prices up 15.9%,
Redcar and Cleveland, which has seen house prices increase by 15.1% over the last twelve months, and
Northumberland where house prices have risen, on average, by 13.9%
At the bottom end of the annual house price table are:
Gateshead where house prices have risen by 7.6%,
Newcastle upon Tyne, with average house price inflation of 8.7%, and
South Tyneside with house price inflation at 9.2%
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:
Northumberland which has seen house prices increase by £24,790,
North Tyneside with house prices gains of £21,880,
Redcar and Cleveland where house prices have risen, on average, by £21,480
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:
Gateshead where average house prices were up £11,000,
Hartlepool, which saw average house prices rise by £11,730, and
Sunderland where house prices increased by £12,360
